4007 N Stone Avenue, Tucson, AZ 85705 (MLS# 22112506)

$1,350,000

4007 N Stone Avenue
Tucson, AZ 85705
MLS# 22112506
Status: Closed
7447 sqft

1 / 39

Property Description
Bali Hai Townhomes is a nine unit property comprised of four duplexes and one SFR all on separate tax codes. Well laid out on .82 acres with perimeter fencing and night lighting. There is a dedicated city park area which serves as a buffer zone between the complex and Stone Ave. Each unit includes: Central AC/heat, fenced yards, covered patios, two dedicated parking spaces and a washer and dryer in the unit. Several of the tenants are month to month long term paying below market rents, rents can easily be raised. Unit mix is One 3/2 SFR, two 2/2 townhomes and six 2/1 townhomes. Owner managed complex, meticulously maintained with no deferred maintenance built 2006-2013. Seller will finance with 30% down. Additional information under the document tab. Drive by only do not disturb the tenants

Details

Maps

Documents

Address Information

Country: USA

Street #: 4007

Direction: N

Street Name: Stone

Suffix: Avenue

State/Province: AZ

Zip Code: 85705

County: Pima

Location, Tax & Legal

Tax Year: 2020

Taxes: 6183

Assessments: 0

Taxes For: Building & Land

Legal Description: multiple, provided in escrow

Municipality/Zoning: Tucson – R2

Fire Protection: Included in Taxes

FEMA Flood Zone: No

Municipal Flood Zone: No

Tax Code: 105-12-058B

Area: Central

Contract Information

Short Sale: No

Current Price: $1,350,000

Sold Price: $1,350,000

Listing Date: 2021-05-14

Status: Closed

Status Change Info

Off Market Date: 2021-06-14

Sold Price/SqFt: 181.28

Lot Sz Sold Prc/SqFt: 37.8

Financing: Exchange

Pending Date: 2021-08-04

Sold Date: 2021-08-17

Sold Price: $1,350,000

Showing Information

Directions: Limberlost and Stone, south half way through the curve. the property is on the right.

General Property Information

Property Sub-Type: Apartment

# Units: 9

Lot Dimensions: irregular

Lot Acres: 0.82

Total Parking: 20

Lot Sqft: 35719

Multi-Tenant: Yes

Lot Size Source: Assessor

Source of SqFt: Other

List Price/SqFt: 187.86

Lot Size Price/SqFt: 39.17

Year Built: 2006

Combined SqFt: 7447

Income

Vacancy Loss: 1850

Other Income: 5340

Adjusted Gross: 96430

Gross Scheduled Rent: 92940

Net Opp Income: 79990

Analysis

Gross Rent Multi: 14

Vacancy Rate %: 1.99

Cap Rate %: 5.71

Construction

Frame – Stucco: 1

Expenses

Figures Presented: Actual

Unit Information

Apartment: Low Rise

Apartment Unit Information

# of Units/2 BR: 8

# of Units/3 BR: 1

Roof

Built-Up: 1

Metal: 1

Shingle: 1

Main Cooling

Central Air: 1

Main Heating

Heat Pump: 1

Water Heater

Electric: 1

Terms

Cash: 1

Conventional: 1

Exchange: 1

Owner Carry: 1

Sold Info

Seller Concessions: 0

Remarks Misc

Geo Lat: 32.280226

Geo Lon: -110.972803

Property Features

Construction: Frame – Stucco

Roof: Built-Up; Metal; Shingle

Main Cooling: Central Air

Main Heating: Heat Pump

Water Heater: Electric

Terms: Cash; Conventional; Exchange; Owner Carry

Listing Documents

Listing Office: Better Homes & Gardens Real Estate – SJ Fowler

Last Updated: June – 11 – 2025

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