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Jeff Dial

jd@jeffdial.com +1(480) 900-9180

$ 3,500,000

Est. payment | -/mo

16 Beds

Save

$ 3,500,000

Est. payment | -/mo

Save

16 Beds

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 7099053

Bedrooms 16

Year Built 1956

Annual Tax Amount $10,782

Tax Year 2025

Lot Dimensions IRR

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

An extraordinary opportunity to own one of Tucson's most distinctive historic income-producing compounds, generating approximately **$246,000 in annual rental income** with significant additional upside. Behind gated entrances from both Prospect Lane and Limberlost, this unique property features **9 separate residences**, a resort-style pool, mature landscaping, fruit orchards, gardens and approximately **½ acre of undeveloped land with the potential to add up to 12 additional units**. The property offers a diversified income stream through a mix of long-term rentals, short-term rentals and owner-occupied space, while providing exceptional flexibility for a future owner Continue the current income strategy, expand the existing residential footprint, create a multi-generational family 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.

Location

State AZ

County Pima

Area Pima

Zoning Tucson - MH1

Direction Enter from west side of 1453 E Limberlost, meet at gate.

Interior

Heating Natural Gas

Cooling Central Air

Flooring Concrete

Appliance Built-In Range, Free-Standing Range, Refrigerator, Built-In Electric Oven, Microwave

Exterior

Parking Features Carport

Community Features Play Area, Spa(s), Pool

Roof Type Tile,Built-Up

Private Pool Yes

Building

Sewer Septic Tank

Water Domestic Well, Private

New Construction No

Schools

Elementary Schools Rio Vista Elementary School

Middle Schools Amphitheater Middle School

High Schools Amphitheater High School

School District Amphitheater Unified District

Others

Senior Community No

Tax ID 108-21-021-H

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Disclosures Seller Prop Disc Stm

Listing Terms Cash, Conventional

Listed by Grigg's Group Powered by The Altman Brothers • Pete Torrez

Nearby School & Business

+1(480) 900-9180

jd@jeffdial.com

17550 N Perimeter Dr # 100, Scottsdale, AZ 85255, United States

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1490 E PROSPECT Lane Tucson, AZ 85719