228 E 32Nd Street, Tucson, AZ 85713 (MLS# 22411605)

$1,200,000

228 E 32Nd Street
Tucson, AZ 85713
MLS# 22411605
Status: Closed
5132 sqft

1 / 39

Property Description
This asset presents a lucrative investment opportunity. Built between 1934 and 1958, Borden’s Court features 19 studios, 8 one-bedroom/one-bathroom units, as well as 2 two-bedroom/one- bathroom units. The value-add opportunity for prospective investors is significant. Capital improvements just completed over the last 90 days along with rent increases according to Section 8 standards have this property primed for sale. For access to financials and pertinent docs, reach out to agent.

Details

Maps

Documents

Address Information

Country: USA

Street #: 228

Direction: E

Street Name: 32Nd

Suffix: Street

State/Province: AZ

Zip Code: 85713

County: Pima

Location, Tax & Legal

Tax Year: 2023

Taxes: 1926.73

Assessments: 0

Legal Description: HOME NO 2 LOTS 4 & 5 BLK 11

Municipality/Zoning: South Tucson – SR2

Fire Protection: Included in Taxes

FEMA Flood Zone: No

Tax Code: 118-25-155A

Area: South

Contract Information

Short Sale: No

Current Price: $1,200,000

Sold Price: $1,200,000

Listing Date: 2024-05-09

Status: Closed

Status Change Info

Off Market Date: 2024-06-09

Sold Price/SqFt: 233.83

Lot Sz Sold Prc/SqFt: 90.32

Financing: Cash

Pending Date: 2024-06-24

Sold Date: 2024-06-24

Sold Price: $1,200,000

General Property Information

Property Sub-Type: Apartment

Construction Status: Existing

# Units: 29

Lot Dimensions: 92’x148’x94’x148′

Lot Acres: 0.31

Lot Sqft: 13286

Lot Size Source: Assessor

Source of SqFt: Assessor

List Price/SqFt: 302.03

Lot Size Price/SqFt: 116.66

Year Built: 1943

Combined SqFt: 5132

Unit Information

Apartment: Low Rise

Apartment Unit Information

# of Units/Studios: 19

# of Units/1 BR: 8

# of Units/2 BR: 2

Terms

Cash: 1

Sold Info

Seller Concessions: 0

Remarks Misc

Geo Lat: 32.196268

Geo Lon: -110.966036

Property Features

Terms: Cash

Listing Documents

Offering Memorandum

Listing Office: Pinnacle Realty and Investment Advisors LLC

Last Updated: December – 25 – 2024

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