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Loving Phoenix Team | Real Broker
3725 E Farr Pl, Tucson, AZ 85716
- $910,000
- Sold Price
- $910,000
- List Price
- $1,100,000
Property Description
Located in a highly desirable area across from Tucson's Metal Arts Village, less than a mile from Brandi Fenton Memorial Park and the River Path and within an approximately 10 minute drive to the University of Arizona, this 10 unit property offers a significant value add opportunity. The units are individually metered for gas and electric with the owner paying water, sewer and trash. Rents are well below market with all tenants on month-to-month leases, allowing for the ability to immediately increase rents and introduce a RUBS program. Alternatively, the area will allow for significantly higher rents upon completion of modern updates to the units. The unit mix is ideal and consists of 1 studio, 6 one bedroom units and 3 two bedroom units. The property was built in 1950, with updates completed by the previous owner in 2018. Some units provide washer/dryer hookups and enclosed backyards. Please access the document vault for additional information. https://www.abimultifamily.com/?a=078E1B083E96138613&/3725-3729-east-farr-place
Courtesy of ABI Multifamily, LLC. Selling Office: Tierra Antigua Realty.
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