300 N Cherry Ave Tucson, AZ 85719
Rincon Heights NeighborhoodEstimated payment $4,923/month
About This Home
Welcome to your dream investment opportunity! This expertly remodeled multi-family home is ideally situated just steps away from the University of Arizona, making it perfect for students, families, and savvy investors alike. Never be late to class or look for parking for an event at the U of A! This home is within walking distance to the university, local restaurants, and entertainment options. Ample parking ensures convenience for residents and guests alike in this highly walkable neighborhood Each unit is equipped with tankless water heaters, electric ranges, and refrigerators, ensuring comfort and convenience for all residents. Enjoy the convenience of in-unit laundry facilities for every unit, making daily chores a breeze. The detached unit presents endless possibilitiestransform it into a fourth studio unit, guest quarters for visiting family, or even a home office.. Each unit features contemporary finishes, spacious layouts, and abundant natural light. The remodeling includes upgraded flooring, fresh paint, and modern fixtures. The kitchens are equipped with electric ranges and refrigerators that cater to the needs of residents, making cooking and meal prep easy and efficient.Laundry Facilities: The convenience of in-unit laundry facilities means no more trips to laundromats, adding to the appeal for potential renters or family members.Outdoor Space The private courtyard is perfect for outdoor entertaining, gardening, or simply enjoying the Arizona sun. It provides a secure area for relaxation and socializing.Detached Unit Potential: The detached unit can be tailored to your needswhether you envision a rental studio, a guest suite for family, or a home office, the possibilities are endless. Being just moments away from the University of Arizona, this property is an ideal choice for students and faculty, ensuring consistent demand for rentals. The neighborhood boasts a vibrant atmosphere with easy access to cafes, restaurants, parks, and entertainment venues. This walkable location enhances the lifestyle for residents, making it convenient to enjoy everything the area has to offer. With easy access to public transportation and major roads, commuting to other parts of Tucson is simple and efficient.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,905
Year Built
- Built in 1947
Home Design
- Brick Exterior Construction
- Wood Frame Construction
- Shake Roof
- Built-Up Roof
- Block Exterior
- Stucco
Flooring
- Ceramic Tile
- Vinyl
Parking
- 2 Open Parking Spaces
- 3 Parking Spaces
- 1 Covered Space
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Legal Lot and Block 00022 / 016
- Assessor Parcel Number 124-03-236
Community Details
Overview
- 4 Buildings
- 3 Units
- Building Dimensions are 75 X 130
- Rincon Heights Subdivision
Building Details
- Operating Expense $2,905
- Gross Income $58,020
- Net Operating Income $58,020
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,512 | $27,961 | -- | -- |
| 2023 | $3,512 | $26,629 | -- | -- |
| 2022 | $3,532 | $25,361 | $0 | $0 |
| 2021 | $3,512 | $23,003 | $0 | $0 |
| 2020 | $3,405 | $31,515 | $0 | $0 |
| 2019 | $3,360 | $31,493 | $0 | $0 |
| 2018 | $3,287 | $19,871 | $0 | $0 |
| 2017 | $3,268 | $19,871 | $0 | $0 |
| 2016 | $3,185 | $18,925 | $0 | $0 |
| 2015 | $3,088 | $18,024 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2025 07/17/25 | Pending | -- | -- | -- |
| 05/22/2025 05/22/25 | For Sale | $845,000 | +106.1% | $294 / Sq Ft |
| 09/27/2019 09/27/19 | Sold | $410,000 | 0.0% | $142 / Sq Ft |
| 09/05/2019 09/05/19 | For Sale | $410,000 | 0.0% | $142 / Sq Ft |
| 07/03/2019 07/03/19 | Rented | $850 | 0.0% | -- |
| 07/03/2019 07/03/19 | For Rent | $850 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $410,000 | Stewart Title & Tr Of Tucson | |
| Warranty Deed | $410,000 | Stewart Title & Tr Of Tucson | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $179,000 | New Conventional | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $65,000 | Credit Line Revolving | |
| Previous Owner | $107,300 | Unknown |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6871380
APN: 124-03-2360
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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