4007 N STONE Avenue, Tucson, AZ 85705

$1,649,000

Property Type: Multiple Dwellings Status: Active

Current Price: $1,649,000 Last Modified: 2/13/2025

Description

Bali-Hai Townhomes, a rare opportunity to acquire a multi property community comprised of four duplexes and one single family home. Located on N Stone Avenue just south of the Tucson Mall. Newer construction built 2006 - 2013 with a total land area of .82 acres. Five parcels: four duplexes & one single family home. Six 2/1 floor plans, two 2/2 floor plans and one 3/2 floor plan. All units include 2-4 parking spaces, fenced yards, central AC/heat & in unit W&D. All buildings are separated by spacious common areas giving tenants a quiet and private living environment. The property is owner managed with no deferred maintenance. Most tenants are month to month and paying below market rents. Additional information is under the documents tab. Do not enter the property without the listing agent.

More Information MLS# 6820381

Contract Info

Current Price: $1,649,000 List Price: $1,649,000 Status: Active List Date: 2025-02-05 Ownership: Fee Simple

Location Tax Legal

House Number: 4007 Compass: N Street Name: STONE St Suffix: Avenue City/Town Code: Tucson State/Province: AZ Zip Code: 85705 Zip4: 2837 Country: USA County Code: Pima Subdivision: S24 T13S R13E Assessor Number: 105-12-058-B Tax Year: 2024

General Property Description

Lot Size Dimensions: Irregular Year Built: 1963 Total # of Units: 9 # of Buildings: 5 Zoning: Tucson - R2 Flood Zone: No Elementary School District: Amphitheater Unified District High School District: Amphitheater Unified District

Remarks Misc

Cross Street: Stone & Roger Geo Lat: 32.280242 Geo Lon: -110.972804

Status Change Info

Status Change Date: 2025-02-13

Legal Info

Township: 13 Range: 13 Section: 24

Income Expenses

Gross Annual Sch Inc: 109585 Net Operating Income: 81663

Showing Notification Methods

Showing Service: No Showing Service Used

2 Bedroom Units

# 2 Bedroom Units: 8 Avg Rent: 970 Avg SqFt: 15 # Baths: 1

3 Bedrooms Units

# 3 Bedroom Units: 1 Avg Rent: 1260 Avg SqFt: 1525 # Baths: 2

Property Features

Project Type: Duplex Other Type: House + Rental Units Construction: Frame - Wood Const - Finish: Stucco Roofing: Built-Up Floors: Ceramic Tile; Carpet Sale Includes: Land & Building Community Amenities: No Pool Exterior Amenities: Desert Landscaping; Security Light(s) Interior Amenities: Unfurnished Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Washer/Dryer Heating: Heat Pump Cooling: Ceiling Fan(s); Heat Pump Water: City Franchise Sewer: Sewer - Public Electric: City Electric Gas: City Gas Parking: >1 Space Per Unit Owner Pays: Other Tenant Pays: Other (See Remarks) Source of Fincl Data: Other (See Remarks) Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Environmental: None

Listing Office: Better Homes & Gardens Real Estate SJ Fowler

Last Updated: February - 13 - 2025

4007 N STONE Avenue, Tucson, AZ 85705 (MLS# 6820381)