$1,200,000
Tucson, AZ 85701
MLS# 21920385
Status: Closed
8525 sqft
1 / 41
Property Description
Las Cuatras Esquinas has been in the same family for over 40 years. This is the first time that it is on the market. An 1886 map shows buildings at all four corners of South Convent and West Simpson — a grocery, a store, a dwelling and one vacant structure. Just two years later, three of the four corners housed stores or groceries. Horse and buggy is what delivered the groceries! Legend has it that gold is buried in the basement of the market. There have been many attempts to find it to no avail. This is now one of the rare, large properties of the Barrio. 10 units are used as rentals and 2 are used for storage. The development possibilities are interesting or would make a fabulous Family Compound!
Details
Documents
Address Information
Street #: 69
Direction: W
Street Name: Simpson
Suffix: Street
State/Province: AZ
Zip Code: 85701
County: Pima
Country: USA
Location Tax Legal
Tax Code: 117-14-114A
Area: Central
Subdivision: Tucson
Contract Information
Current Price: $1,200,000
Sold Price: $1,200,000
Listing Date: 2019-08-02
Status: Closed
Method of Title: Fee (Simple)
Distressed Info: None
Status Change Info
Off Market Date: 2019-09-07
Pending Date: 2019-10-22
Sold Date: 2019-10-31
Sold Price: $1,200,000
Sold Price/SqFt: 140.76
Lot Sz Sold Prc/SqFt: 71.96
How Sold: Cash Owner Carryback
General Property Information
Dwelling Type: Quadruplex
Attached/Detached: Detached
Construction Status: Existing
Lot Dimensions: 110.22 X 159 X 100.32 X 109.72
Lot Acres: 0.38
Lot Sqft: 16675
Lot Size Source: Assessor
Combined SqFt: 8525
Year Built: 1888
School District: TUSD
Elementary School: Carrillo
Middle School: Drachman
High School: Tucson
Horse Property: No
Horse Facilities: No
List Price/SqFt: 150.15
Lot Size Price/SqFt: 76.76
Remarks Misc
Geo Lat: 32.216177
Geo Lon: -110.9715
Showing Information
Directions: South on Convent from Cushing Street to the address.
Unit 1 Information
Monthly Rent: 575
# Beds: 1
# Full Baths: 1
SqFt: 600
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Street
Unit 2 Information
Monthly Rent: 600
# Beds: 1
# Full Baths: 1
SqFt: 650
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Street
Analysis
Cap Rate %: 4.48
Gross Rent Multi: 18.1
Exp/SqFt: 1.47
Exp % of Gross: 18.85
Income
Gross Scheduled Rent: 66300
Adjusted Gross: 66300
Total Expenses: 12500
Net Opp Income: 53800
Expenses
Other Expenses: 12500
Figures Presented: Proforma
Electric
Electric Company: TEP
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Sewer: Owner
Taxes: Owner
Trash: Owner
Water: Owner
RV Parking
Other: none
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: Yes
CC&Rs: No
Home Protection
Offered: No
Property Features
Construction: Mud Adobe; Wood Frame
Style: Spanish
Roof: Built-Up - Reflect; Metal
Living Areas: Great Room
Dining Areas: Eat-In Kitchen
Dining Room: None
Breakfast: Eat-In
Kitchen Features: Gas Range; Refrigerator
Bathroom Features: Shower Only/Primary
Laundry: Outside
Extra Room: None
Interior Features: Ceiling Fan(s); Vaulted Ceiling(s)
Floor Covering: Ceramic Tile; Concrete; Wood
Window Covering: None
Technology: Cable TV; High Speed Internet
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Forced Air; Natural Gas
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Security: None
Pool: None
Spa: None
Fence: Wood
Landscape - Front: None
Landscape - Rear: Desert Plantings
View: Residential; Mountain(s)
Road Type: Paved
Driveway: None
Exterior Feature: Courtyard
Lot Features: Corner Lot
Neighborhood Features: Historic
Terms: Cash; Owner Carry
Submit With Offer: Proof of Funds
Property Disclosures: Lead Based Paint; Seller Prop Disclosure
Special Conditions: None
Seller Disclosure 
Listing Office: Beth Jones Realty, LLC
Last Updated: December - 12 - 2024
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