331-349 S Convent Avenue

    Tucson, AZ 85701
    • $1,450,000
    • STATUS: Active
    • ID#: 21909756
    $1,450,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,525
      SQFT
    • $170
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1888
    County:
    Area:

    School Ratings & Info

    Courtesy of Beth Jones Realty, Llc.

    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!

    Monthly Payment Calculator



    Listing information Copyright 2019 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2019-04-23T00:07:09.81.
    The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Long Realty Company are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
    www.arizonahomesearch.com/homes/93538672

    331-349 S Convent Avenue Tucson, AZ 85701

    • Price: $1,450,000
    • Status: Active
    • ID#: 21909756
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    8,525
    SQFT
    $170
    $/SQFT
    1888
    Built
    Neighborhood:
    Central
    County:
    Pima
    Area:
    Central
    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!
    Exterior Features

    Construction Mud Adobe Fence Chain Link Landscape Front None Landscape Rear None Road Type Paved Roof Built-Up - ReflectMetal

    Interior Features

    Main Cooling Evap Central Space Information Ceiling Height 12Ft

    Property Features

    Analysis Cap Rate Percent -0.49 Analysis Exp Percent Of Gross 227.31 Analysis Exp Sqft 1.47 Analysis Gross Rent Multi 262.44 Analysis Vacancy Rate Percent 0.00 Assessments 0.00 Business Location Corner Lot Country Usa Electric Electric Company Tep Expenses Admin Expenses 0.00 Expenses Captial Expenses 0.00 Expenses Contract Services 0.00 Expenses Figures Presented Proforma Expenses Gas Electric 0.00 Expenses Insurance 1000.00 Expenses Maintenance Supplies 1200.00 Expenses Management 0.00 Expenses Other Expenses 0.00 Expenses Resident Manager 0.00 Expenses Taxes Assessments 6859.00 Expenses Water Sewer 3500.00 Fema Flood Zone No Fenced Storage No Fire Protection Included in Taxes Freeway Highway 1.1 - 2 Miles Gas Natural Income Adjusted Gross 5525.00 Income Gross Scheduled Rent 5525.00 Income Net Opp Income -7034.00 Income Other Income 0.00 Income Total Expenses 12559.00 Income Vacancy Loss 0.00 Lot Dimensions 110.22 X 159 X 100.32 X 109.72 Lot Features Corner LotDividable Lot Lot Sqft 16675.00 Multi Tenant Yes Municipal Flood Zone No Municipality Zoning Tucson - Ho3 Property Disclosures Lead Based PaintSeller Prop Disclosure Property Features Skylight Property Sub Type Apartment Restrictions Deed Security None Sewer Connected Short Sale No Source Of Sqft Assessor Special Conditions None Tax Year 2018 Taxes 6859.00 Terms CashOwner Carry Traffic Count Unknown Water City

    Listing provided courtesy of Beth Jones Realty, Llc. Listing information © 2019 MLS of Southern Arizona.


    Listing information Copyright 2019 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2019-04-23T00:07:09.81.
    The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Long Realty Company are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
     
    Long Realty Company
    4051 E. Sunrise Dr, Suite 101
    Tucson AZ, 85718
    Courtesy of Beth Jones Realty, Llc.