1492 E Prospect LN, Tucson, AZ 85719 (MLS # 22621699)
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.
Property Type(s):
Single Family
SCHOOLS
| Elementary School |
Rio Vista |
| Jr. High School |
Amphitheater |
| High School |
Amphitheater |
Additional Details
| AREA |
Central |
| CONSTRUCTION |
Adobe, Stucco |
| EXTERIOR |
Courtyard, Playground |
| FIREPLACE |
Yes |
| GARAGE |
Yes |
| HEAT |
Wood Stove |
| INTERIOR |
Beamed Ceilings, Entrance Foyer, High Ceilings, High Speed Internet, Walk-In Closet(s) |
| LOT |
2.67 acre(s) |
| LOT DESCRIPTION |
Few Trees, Native Plants, Sprinklers In Front |
| LOT DIMENSIONS |
Irr |
| PARKING |
Circular Driveway, Detached, Attached, Garage |
| POOL |
Yes |
| POOL DESCRIPTION |
Heated |
| SEWER |
Septic Tank |
| STORIES |
1 |
| STYLE |
Southwestern, Territorial |
| SUBDIVISION |
N/A |
| TAXES |
12988 |
| UTILITIES |
Natural Gas Available |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Mountain(s) |
| WATER |
Public |
Listing provided by Griggs's Group Powered by The Altman Brothers
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IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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