1022 N  Palo Verde Blvd, Tucson, AZ 85716
OFF MARKET

1022 N Palo Verde Blvd
Tucson, AZ 85716

Miramonte
  • Studio
  • 3,400 sqft (on 0.30 acres)
  • Studio
  • 3,400 sqft (on 0.30 acres)

$796,600

Trulia Estimate
as of Mar 29, 2024
Est. Refi. Payment $4,442/mo*

Homes for Sale Near 1022 N Palo Verde Blvd

Local Information

map showing home location
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-- mins to
Commute Destination

Description

This property is not currently for sale or for rent on Trulia. The description and property data below may have been provided by a third party, the homeowner or public records.
Great investment OPP in the heart of The Old Pueblo! Palo Verde Apartments consist of 8 units close to The UofA & I-10. 5 of the 8 units have been fully remodeled, w/ new roof, updated plumbing, electrical, new interior & outdoor paint, and more. The renos equate to a $115-$215 increase/mo. in rent for updated units, significantly increasing the potential cash flow of the property. Once all renos have been complete, the property is projected to bring in nearly $55K in potential rental income. Once the property has stabilized under new management, assuming an investor would continue to self-manage, the operating expenses are projected to sit at around 38%, equating to a proforma NOI of ~$34,200. This would bring the proforma cap rate up to 7.86%. Possible Owner Carry. Full OM Available!

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
No Info

Home Details for 1022 N Palo Verde Blvd

Interior Features

Heating & Cooling
Heating: Forced Air, GasHeating Fuel: Forced Air
Interior Details
Types of Rooms: Dining Room
Levels, Entrance, & Accessibility
Floors: Carpet, Hardwood

Exterior Features

Exterior Home Features
Roof: Built Up

Property Information

Year Built
Year Built: 1961
Property Type / Style
Property Type: Multi Family

Lot Information

Lot Area: 0.30 acres

Price History for 1022 N Palo Verde Blvd

DatePriceEventSource
07/17/2018$435,000ListingRemovedAgent Provided
07/06/2018$435,000Listed For SaleAgent Provided

Comparable Sales for 1022 N Palo Verde Blvd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.34
Multi-Family Home
$345,000
02/21/24
5
3
2,187
0.40
Multi-Family Home
$291,000
03/08/24
3
3
1,775
0.61
Multi-Family Home
$485,000
04/07/23
4
3
1,950
0.46
Multi-Family Home
$350,000
02/02/24
2
2
1,422
0.50
Multi-Family Home
$294,500
06/16/23
2
2
1,188
0.53
Multi-Family Home
$380,000
04/03/23
2
2
1,266
0.54
Multi-Family Home
$365,000
07/28/23
4
4
1,736
0.64
Multi-Family Home
$300,000
04/20/23
4
2
1,680
0.86
Multi-Family Home
$300,000
05/18/23
4
2
1,677
0.95
Multi-Family Home
$475,000
12/22/23
4
4
1,950

Assigned Schools

These are the assigned schools for 1022 N Palo Verde Blvd.
GreatSchools ratings are based on test scores and additional metrics when available.
Check with the applicable school district prior to making a decision based on these schools. Learn more.

Neighborhood Overview

See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Miramonte

  • Leah S.
    "There are lots of people walking dogs, many quiet streets west of Richie to walk them, and everyone seems dog friendly."
    2
    Flag
  • David
    "Easy <15 min bike ride on safe bike boulevard (3rd street) to University of Arizona, manageable even in hot summer."
    1
    Flag
  • Vanessa I.
    "There’s not much sidewalk on 5th but neighborhoods are nice. Dog parks near by. I would rather take my dog to a dog park then walk in this neighborhood "
    1
    Flag
  • Colleencauline
    "The extreme range of the prices of all the property inside the neighborhood. It is also very easy to get to anywhere in town fairly quickly from this location."
    31
    Flag

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Homes for Rent Near 1022 N Palo Verde Blvd

Off Market Homes Near 1022 N Palo Verde Blvd

1022 N Palo Verde Blvd, Tucson, AZ 85716 is a studio, 3,400 sqft multi-family built in 1961. 1022 N Palo Verde Blvd is located in Miramonte, Tucson. This property is not currently available for sale. The current Trulia Estimate for 1022 N Palo Verde Blvd is $796,600.