3412 E Glenn Street, Tucson, AZ 85716 (MLS# 22402870)

$1,104,000

3412 E Glenn Street
Tucson, AZ 85716
MLS# 22402870
Status: Closed
5588 sqft

1 / 11

Property Description
Eight 2 bdrm/1 Ba one story units composed of two 4-plexes on separate tax parcels. Solid wire cut red brick construction with carports, air conditioning, private fenced yards and laundry hook-ups. RENTS ARE WAY BELOW MARKET. SIMILAR UNITS RENT FOR $1,000 TO $1,100+ PER UNIT! THIS PROPERTY HAS THE POTENTIAL FOR SIGNIFICANT UPSIDE, WITHOUT A LARGE CASH OUTLAY. It has all the features Tenants are looking for in an apartment. Please contact Listing Agent for Property Memorandum which includes actual and pro-forma rents and rent comps. Residential multifamily 30 year investor fixed rate conventional financing available with 25% down on each 4-plex. Full address is 3412-14 E. Glenn. St. Sellers will review all offers Wed. Feb. 7th 8:00 AM & respond by Feb. 7th 8:00 PM.

Details

Maps

Documents

Address Information

Country: USA

Street #: 3412

Direction: E

Street Name: Glenn

Suffix: Street

State/Province: AZ

Zip Code: 85716

County: Pima

Location, Tax & Legal

Tax Year: 2023

Taxes: 2405.81

Assessments: 4812

Legal Description: From Parcel 001010010/ Fruitvale W2 of N234′ of Lot 7 Blk 8 and Fruitvale E2 of the N234′ of Lot 7 Blk 8

Development Name: 3412-14 East Glenn Street Apartments

Municipality/Zoning: Tucson – R2

Fire Protection: Included in Taxes

FEMA Flood Zone: No

Municipal Flood Zone: TBD

Tax Code: 111-07-1780

Area: Central

Contract Information

Method of Title: Fee (Simple)

Short Sale: No

Current Price: $1,104,000

Sold Price: $1,104,000

Listing Date: 2024-02-02

Status: Closed

Status Change Info

Off Market Date: 2024-02-09

Sold Price/SqFt: 197.57

Lot Sz Sold Prc/SqFt: 39.36

Financing: Conventional

Pending Date: 2024-03-10

Sold Date: 2024-03-11

Sold Price: $1,104,000

General Property Information

Property Sub-Type: Apartment

Construction Status: Existing

# Units: 8

Lot Dimensions: Irregular

Lot Acres: 0.64

Total Parking: 16

Lot Sqft: 28052

Multi-Tenant: Yes

Lot Size Source: Assessor

Source of SqFt: Assessor

Leasable SqFt: 5588

List Price/SqFt: 201.15

Lot Size Price/SqFt: 40.07

Year Built: 1960

Combined SqFt: 5588

Showing Information

Directions: Fort Lowell/Country Club -S, Glenn – E to address

Electric

Electric Company: TEP

Income

Vacancy Loss: 5280

Other Income: 0

Adjusted Gross: 100320

Total Expenses: 39759

Gross Scheduled Rent: 105600

Net Opp Income: 60561

Gas

Natural: 1

Analysis

Gross Rent Multi: 11

Vacancy Rate %: 5

Exp/SqFt: 7.12

Exp % of Gross: 39.63

Cap Rate %: 5.49

Construction

Brick: 1

Expenses

Admin Expenses: 1200

Captial Expenses: 4000

Contract Services: 1410

Gas/Electric: 0

Insurance: 2688

Maintenance Supplies: 8000

Management: 10030

Resident Manager: 0

Taxes/Assessments: 4812

Water/Sewer: 6559

Other Expenses: 1060

Sewer

Connected: 1

Unit Information

Apartment: Low Rise

Apartment Unit Information

# of Units/2 BR: 8

Roof

Built-Up – Reflect: 1

Water

Public: 1

Fence

Slump Block: 1

Wood: 1

Other: Combination

Space Information

Ceiling Height: 8ft

Road Type

Paved: 1

Lot Features

North/South Exposure: 1

Main Cooling

Central Air: 1

Main Heating

Forced Air: 1

Natural Gas: 1

Water Heater

Natural Gas: 1

Terms

Cash: 1

Conventional: 1

Exchange: 1

Submit With Offer

Digital Signature Accepted: 1

Seller Title Company: Stewart

Accessibility Option

None: 1

Security

None: 1

Sold Info

Seller Concessions: 0

Seller Paid Repairs: 0

Selling Comments: As Is Sale

Landscape – Front

Graded: 1

Low Care: 1

Landscape – Rear

Graded: 1

Low Care: 1

Parking

Free: 1

Freeway/Highway

Over 5.1 Miles: 1

Traffic Count

Unknown: 1

Possession

Recording: 1

Remarks Misc

Geo Lat: 32.257344

Geo Lon: -110.919914

Property Features

Construction: Brick

Roof: Built-Up – Reflect

Main Cooling: Central Air

Main Heating: Forced Air; Natural Gas

Water Heater: Natural Gas

Gas: Natural

Sewer: Connected

Water: Public

Accessibility Option: None

Security: None

Fence: Slump Block; Wood

Landscape – Front: Graded; Low Care

Landscape – Rear: Graded; Low Care

Road Type: Paved

Parking: Free

Lot Features: North/South Exposure

Traffic Count: Unknown

Terms: Cash; Conventional; Exchange

Possession: Recording

Submit With Offer: Digital Signature Accepted

Listing Documents

Lead Paint Discl

Listing Office: Tierra Antigua Realty

Last Updated: January – 29 – 2026

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 the listing brokerage here are identified with the MLSSAZ IDX Logo.
All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.

Community Golf Course Homes