About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest

723 E 725 E Freeman Pl, Tucson, AZ 85719

$376,000

Last sold 02/05/2024 for $345K

4
bed
1.25
bath
1,574
Sqft ($219/Sqft)

Multi-family not for sale

About 723 E 725 E Freeman Pl

Property type Multi-family

Neighborhood

Year built 1974

HOA fee $0/month

Lot size 9,757 Sqft

Movoto estimate

Rental estimate

Property description

Don't miss this exceptional investment opportunity in the heart of Tucson! This duplex offers two units, each with 2 bedrooms. The property also features a 2-car carport and separate electric meters for each unit, ensuring functionality and convenience. It's central location puts you in close proximity to popular cafes, restaurants, and shopping destinations. With downtown and The University of Arizona just a short distance away, this property offers endless possibilities. Don't miss out on this great opportunity to generate income by renting both units or live in one and rent the other. Act now and secure your future!

Listed by

Listing Agent - Soraya Platt

Listing Office - Long Realty Company

Source: MLSSAZ

MLS#22326478 • last updated 2 years ago

Movoto checked MLSSAZ for data 25 minutes ago

Overview
Cooling/AC	Central Air
Levels/Style	Ranch
SqFt (Combined)	1578
MLS #	22326478
Status	Closed
Lot Size (Acres)	0.22
Lot Size (SqFt)	9757
Taxes $	1609
Tax Year	2023
Taxes For	Dwelling & Land
Year Built	1974
Construction Status	Existing
Short Sale (Y/N)	None

Interior
Bathroom Features	Shower & Tub/Hall
Dining Room	None
Extra Room	None
Living Areas	Living Room
Kitchen: Appliance Color	White
Kitchen: Countertops	Laminate
Dining Areas	Eat-In Kitchen
Laundry	Outside
Breakfast	None
Floor Covering	Edge Concrete
Interior Features	Vaulted Ceilings
Window Covering	Stay
Accessibility Features	None

Exterior
Roof	Built-Up - Reflect
Construction	Burnt Adobe
Exterior Feature	None
# Parking Spaces	2
RV Parking Desc	Space Available
Landscape: Rear	Low Care
Lot Desc	Subdivided
Driveway	Gravel
Fence	Block
Patio/ Deck	Patio
Landscape: Front	Low Care

Amenities / Utilities
Gas	Natural
Electricity: Company	TEP
Water	City Water
Sewer/ Septic	Connected
Pool	None
Spa	None
Security Features	Window Bars
Horse Amenities	No

Location
County	Pima
View	Mountain(s)
	None
Area	Central
Subdivision	Freeman Addition
Community Features	None
Elementary School	Holaway
Middle School	Amphitheater
School District	Amphitheater
High School	Amphitheater
Zoning	Tucson - R2
Directions	Fort Lowell Rd And 1st Ave: North On 1st Ave. Turn Right Onto E Freeman Pl. Property On Your Left.

Multifamily Details
Unit 2: Floor	1st
Unit 1: # Stories	Single
Unit 1: Monthly Rent	925
Unit 2: Monthly Rent	950
Unit 1: Occupancy	Yes
Unit 2: # Full Baths	1
Unit 2: # Stories	Single
Unit 2: # Beds	2
Unit 1: # Full Baths	1
Unit 1: Parking	Carport
Unit 2: Occupancy	No
Unit 1: Floor	1st
Unit 1: Furnished	No
Unit 1: # Beds	2
Unit 2: SqFt	787
Unit 2: Furnished	No
Unit 1: SqFt	787
Unit 2: Parking	Carport
Analysis: Exp % of Gross	17.92
Utilities Paid: Trash	Tenant
Expenses: Taxes/Assessments	1580
Expenses: Insurance	1160
Expenses: Figures Presented	Actual
Utilities Paid: Taxes	Tenant
Expenses: Water/Sewer	1400
Income: Adjusted Gross	23100
Income: Net Opp Income	18960
Analysis: Gross Rent Multi	14.94
Utilities Paid: Cable TV	Tenant
Utilities Paid: Landscaping	Tenant
Utilities Paid: Insurance	Owner
Income: Total Expenses	4140
Utilities Paid: Sewer	Tenant
Income: Gross Scheduled Rent	23100
Utilities Paid: Electric	Tenant
Utilities Paid: Gas	Tenant
Analysis: Exp/SqFt	2.62
Analysis: Cap Rate %	5.5
Utilities Paid: Water	Tenant