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About the Listing 53953 - 21748
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.
Listing Highlights for 1490 E Prospect Ln
Interior Details
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Basement:
- Other: No Interior Steps
- Water: Public,Pvt Well (Registered)
Exterior Details
- Lot Description: North/South Exposure,Trees
- Garage Capacity: N/A
- Lot Dimensions: irr
- Zoning: Tucson - MH1
- Roof:
- Others:
- Sewer: Septic Tank
Financial Details
- Tax Amount: $10,782
- Taxes w/Assessments: N/A
- Tax/Property ID: 108-21-021H
- Tax Year: 2025
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Monthly Payment
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Listing Location
Questions About..
1490 E Prospect Ln Tucson, AZ 85719
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