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1490 E PROSPECT Lane, Tucson, AZ 85719
Overview
Description
Supplements: ... (Read more) compound, corporate or executive housing destination, boutique retreat, or explore other potential uses. Unlike a typical multi-unit investment, this is an irreplaceable historic compound where each residence has its own character and identity. Extensive improvements have modernized the property while preserving its historic charm, including central A/C throughout, renovated bathrooms, restored fireplaces, updated roofs, plumbing, electrical, windows and appliances, plus upgraded gates, fencing, parking and the addition of a resort-style pool. With approximately $250,000 in current annualized income, 9 residences, potential for 12 additional units, and a rare combination of historic character, privacy and flexibility**, this is far more than an income property--it is a one-of-a-kind compound with immediate cash flow and exceptional future potential.
Listing Details MLS# 7099053
Location, Tax & Legal
- House Number
- 1490
- Compass
- E
- Street Name
- PROSPECT
- St Suffix
- Lane
- City/Town Code
- Tucson
- State/Province
- AZ
- Zip Code
- 85719
- Zip4
- 1125
- Country
- US
- County Code
- Pima
- Assessor Number
- 108-21-021-H
- Tax Year
- 2025
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- IRR
- Year Built
- 1956
- Uncvrd Parking Spcs
- 10
- Total # of Units
- 9
- # of Buildings
- 6
- Zoning
- Tucson - MH1
- Elementary School District
- Amphitheater Unified District
- High School District
- Amphitheater Unified District
- Elementary School
- Rio Vista Elementary School
- Jr. High School
- Amphitheater Middle School
- High School
- Amphitheater High School
Remarks Misc
- Cross Street
- N Mountain Ave & E Prospect Lane
- Directions
- Enter from west side of 1453 E Limberlost, meet at gate.
Legal Info
- Township
- 13
- Range
- 14
- Section
- 19
- Lot Number
- unknown
Efficiency Units
- # Efficiency Units
- 3
- # Baths
- Yes
More Information
2 Bedroom Units
- # 2 Bedroom Units
- 5
- # Baths
- 2
3 Bedrooms Units
- # 3 Bedroom Units
- Yes
- # Baths
- 3
Structure
- Bedrooms Total
- 16
- Bathrooms Total
- 16
Income Expenses
- Gross Annual Sch Inc
- 246000
Showing Notification Methods
- Showing Service
- No Showing Service Used
Property Features