
3042 North Park Avenue, Tucson, AZ, USA
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At a glance
This off-market house in Tucson, AZ has 3 beds, 2 baths, 1,152 sq ft and an asking price of $205,000. ARV is about $325,000. Tagged as a wholesale opportunity. Posted May 1, 2026.
Property overview
3042 North Park Avenue, Tucson, AZ, USA, 85719
Indicated: Moderate
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Full listing copy (as provided)
Central Tucson R2 Development Opportunity
THE OPPORTUNITY: Strategically located in the high-demand University/Central corridor, this 1949 bungalow sits on a prime R2-zoned lot, offering massive upside for a spec-builder or a high-yield investor. Whether you are looking for a straightforward retail flip or a "scrape and build" multi-family project, the density potential here is the real winner.
KEY ASSETS:
- ZONING: R2 (Residential) - Allows for multi-unit development or the addition of an ADU to maximize rental income.
- ROOF: Major capital expense avoided—Roof is only 5 years old.
- INTERIOR: 3 Bed / 2 Bath (1,152 Sq Ft) footprint with a solid layout ready for modernization.
- LOCATION: Minutes from the University of Arizona, Campbell Ave dining, and retail. High absorption area for both resale and rentals.
THE MATH:
- Assignment Price: $210,000
- Est. Rehab: $35k (Rental) | $60k (Retail Flip)
- Conservative ARV: $325,000 (Single Family Flip)
- Development ARV: $450,000+ (Duplex/ADU Addition)
DISPOSITION TERMS:
- Inspection Period: 48 Hours (Starting Now)
- EMD: $5,000 (Non-refundable after IP)
- Closing: Fast Close Preferred.
Broker/Investor Note: This is a "base hit" deal with a clear exit strategy. The R2 zoning in this zip code is a rare find at this entry point.
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Investment notes
This opportunity in Tucson, AZ is offered at an asking price of $205,000 as shown on the card. After repair value (ARV) is shown as about $325,000, which implies a gross spread of roughly 36.9 percent off ARV if you use the list price and this ARV as-is. Treat that as a first-pass screen, not a comp confirmation. The property is described with 3 bedrooms, 2 bathrooms, 1,152 square feet. Tour or pull rent rolls if the asset is occupied so your rehab scope and lease assumptions match the real layout. Rehab is tagged as “moderate.” In practice, you should open walls and verify every major system, because tags rarely capture the full story on a wholesale lead. Occupancy is noted as “Vacant.” If anyone is in place, schedule access carefully, align showings with local rules, and underwrite for rental income or a formal vacancy path before you take assignment. The list is marked Wholesale—use that to frame exit math (flip spread, fee for wholesale, or long-term DSCR if the plan is a rental hold). The structure is represented around 1934; older vintages can hide lead, cast iron, and foundation work—budget a contingency. Verified seller contact is available on the listing, which speeds diligence once you are serious. Verify ARV, repair scope, access, and title with your own people before you rely on any line in this write-up. Nothing here is a guarantee of value or condition.
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Posted · Updated
Strategy: Wholesale
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