3601 E 4th Street, Tucson, AZ 85716 (MLS# 22524610)

$5,900,000

3601 E 4th Street
Tucson, AZ 85716
MLS# 22524610
Status: Closed
28485 sqft

Property Description
One of a kind multi family rental opportunity. Just a short bike ride from the University and minutes from many commercial amenities this 27 unit property offers free standing units, walled rear yards, desert tolerant plantings, no landlord water bill, all electric and water units-paid by tenants. 2 off street parking spaces per unit, laundry hooks in each unit.

Details

Maps

Address Information

Country: USA

Street #: 3601

Direction: E

Street Name: 4th

Suffix: Street

State/Province: AZ

Zip Code: 85716

County: Pima

Location, Tax & Legal

Tax Year: 2024

Taxes: 15548.27

Legal Description: From Parcel:125112180 /Speedway View S209′ Lot 12 Blk 7 (11147/808 & 809)

Municipality/Zoning: Tucson – R2

Fire Protection: Included in Taxes

FEMA Flood Zone: No

Municipal Flood Zone: TBD

Tax Code: 125-11-218A

Area: Central

Contract Information

Method of Title: Fee (Simple)

Short Sale: No

Current Price: $5,900,000

Sold Price: $5,900,000

Listing Date: 2025-09-22

Status: Closed

Status Change Info

Off Market Date: 2025-09-23

Sold Price/SqFt: 207.13

Lot Sz Sold Prc/SqFt: 74.18

Financing: Cash Owner Carryback

Pending Date: 2025-09-22

Sold Date: 2025-09-25

Sold Price: $5,900,000

Showing Information

Directions: From country club and 5th, east to Richey, north to address

General Property Information

Property Sub-Type: Other

Construction Status: Existing

# Units: 27

Lot Dimensions: Irregular

Lot Acres: 1.83

Total Parking: 54

Lot Sqft: 79540

Multi-Tenant: Yes

Lot Size Source: Assessor

Source of SqFt: Assessor

List Price/SqFt: 224.68

Lot Size Price/SqFt: 80.46

Year Built: 2001

Combined SqFt: 28485

Electric

Electric Company: tep

Income

Vacancy Loss: 6500

Gross Scheduled Rent: 490877

Net Opp Income: 415477

Gas

None: 1

Analysis

Vacancy Rate %: 1.32

Construction

Frame – Stucco: 1

Expenses

Captial Expenses: 5000

Contract Services: 1500

Figures Presented: Proforma

Gas/Electric: 1500

Insurance: 17500

Maintenance Supplies: 1000

Taxes/Assessments: 37000

Water/Sewer: 400

Other Expenses: 5000

Sewer

Connected: 1

Unit Information

Apartment: Low Rise

Apartment Unit Information

# of Units/2 BR: 27

Avg Mo Rent/2 BR: 1585

Roof

Built-Up – Reflect: 1

Water

Public: 1

Property Features

Interior Steps: 1

Smoke Detector: 1

Fence

Block: 1

Shared Fence: 1

Road Type

Paved: 1

Lot Features

Corner Lot: 1

North/South Exposure: 1

Subdivided: 1

Main Cooling

Ceiling Fan(s): 1

Heat Pump: 1

Main Heating

Electric: 1

Water Heater

Electric: 1

Terms

Cash: 1

Conventional: 1

Exchange: 1

Submit With Offer

Proof of Funds: 1

Seller Title Company: Fidelity National

Written Lender Approval: 1

Window Features

Double Pane Windows: 1

Sold Info

Est. Closing Date: 2025-09-25

Seller Concessions: 0

Landscape – Front

Desert Plantings: 1

Low Care: 1

Trees: 1

Landscape – Rear

Desert Plantings: 1

Low Care: 1

Trees: 1

Parking

# Covered Parking: 27

Paved Parking: 1

Other: 27 uncovered

Freeway/Highway

2.1 – 5 Mile: 1

Property Disclosures

Seller Prop Disclosure: 1

Special Conditions

None: 1

Remarks Misc

Geo Lat: 32.23093

Geo Lon: -110.915869

Property Features

Property Features: Interior Steps; Smoke Detector

Construction: Frame – Stucco

Roof: Built-Up – Reflect

Main Cooling: Ceiling Fan(s); Heat Pump

Main Heating: Electric

Water Heater: Electric

Gas: None

Sewer: Connected

Water: Public

Window Features: Double Pane Windows

Fence: Block; Shared Fence

Landscape – Front: Desert Plantings; Low Care; Trees

Landscape – Rear: Desert Plantings; Low Care; Trees

Road Type: Paved

Parking: Paved Parking

Lot Features: Corner Lot; North/South Exposure; Subdivided

Terms: Cash; Conventional; Exchange

Submit With Offer: Proof of Funds; Written Lender Approval

Property Disclosures: Seller Prop Disclosure

Special Conditions: None

Listing Office: Long Realty

Last Updated: September – 25 – 2025

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