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710 N Richey Boulevard

Tucson, AZ 85716
  • $6,400,000
  • STATUS: Active
  • ID#: 22516359
UPDATED: 74 min ago
$6,400,000
  • 0
    BEDS
  • 1.77
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 28,485
    SQFT
  • $225
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2001
County:
Area:

School Ratings & Info

Courtesy of Long Realty.

Description

Just east of the University & one block from popular 3rd st bike boulevard, this rare 27-unit portfolio of detached SFRs offers a turnkey investment w/ strong fundamentals and upside potential. Each of the 2-bed, 2-bath homes incl: private yards, in-unit laundry, & dedicated covered parking (garage or carport). Tenants are responsible for all utilities & w/ no common area expenses, the portfolio delivers efficient operating performance. Rents are stable w/ structured increases in place, offering attractive near-term revenue growth. Located within 1/2 mi. of abundant commercial amenities, the property enjoys high tenant demand & convenience-driven retention.

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MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2025 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2025-07-13T08:07:45.857.
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than The Local Real Estate Group | Realty Executives are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
www.thelocalrealestategroup.com/homes/164972021
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710 N Richey Boulevard Tucson, AZ 85716

  • Price: $6,400,000
  • Status: Active
  • On Site: Days
  • Updated: 74 min ago
  • ID#: 22516359
0
Beds
0
Baths
0
½ Baths
1.77
Acres
28,485
SQFT
$225
$/SQFT
2001
Built
Neighborhood:
Central
County:
Pima
Area:
Central
Property Description
Just east of the University & one block from popular 3rd st bike boulevard, this rare 27-unit portfolio of detached SFRs offers a turnkey investment w/ strong fundamentals and upside potential. Each of the 2-bed, 2-bath homes incl: private yards, in-unit laundry, & dedicated covered parking (garage or carport). Tenants are responsible for all utilities & w/ no common area expenses, the portfolio delivers efficient operating performance. Rents are stable w/ structured increases in place, offering attractive near-term revenue growth. Located within 1/2 mi. of abundant commercial amenities, the property enjoys high tenant demand & convenience-driven retention.
Exterior Features

Construction Frame - Stucco Fence Block Landscape Front Decorative GravelLow Care Landscape Rear Decorative GravelLow Care Parking Paved Parking Parking Number Covered Parking 27 Road Type Chip/SealPaved Roof Built-Up - Reflect

Interior Features

Main Cooling Ceiling Fan(s)Central Air Main Heating Heat Pump Water Heater Electric

Property Features

Analysis Cap Rate Percent 6.54 Analysis Vacancy Rate Percent 1.30 Country USA Electric Electric Company TEP Expenses Gas Electric 1289.00 Expenses Insurance 6480.00 Expenses Other Expenses 16225.00 Expenses Taxes Assessments 38184.00 Fema Flood Zone No Fire Protection Included in Taxes Freeway Highway 2.1 - 5 Mile Gas None Income Adjusted Gross 481265.00 Income Gross Scheduled Rent 487582.00 Income Net Opp Income 419090.00 Income Vacancy Loss 6317.00 Lot Dimensions Irregular Lot Features Corner LotSubdivided Lot Sqft 77101.00 Multi Tenant Yes Municipal Flood Zone TBD Municipality Zoning Tucson - R2 Property Disclosures Deed RestrictionsEasementsSeller Prop Disclosure Property Features Interior StepsSmoke Detector Property Sub Type Apartment Restrictions Deed Sewer Connected Short Sale No Source Of Sqft Assessor Special Conditions None Tax Year 2024 Taxes 15548.27 Terms CashConventional Total Parking 27 Water City

Listing provided by Long Realty: (520) 918-2400. Listing information © 2025 MLS of Southern Arizona.


MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2025 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2025-07-13T08:07:45.857.
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than The Local Real Estate Group | Realty Executives are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
 
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The Local Real Estate Group | Realty Executives
6760 N Oracle Road Suite 130
Tucson AZ, 85704
Courtesy of Long Realty.