$1,350,000
Tucson, AZ 85719
MLS# 21831903
Status: Closed
5795 sqft
1 / 18
Property Description
AMAZING, student rental investment opportunity one block south of the University of Arizona! Leased through July 2020. Two units on large R-3 Lot. First house is an 8bd/3bth and second house is a 6bd/3bth. Never been vacant since remodel in 2010. Current management company will continue to manage if desired by new owner. Over $250,000 in renovations in 2010 including Brand new kitchens, bathrooms, electrical, drywall, appliances, flooring, pool, fencing, etc! Very desirable rental location with beautifully remodeled units! PLEASE DO NOT DISTURB TENANTS. One of the Members of the LLC is a licensed real estate broker in Arizona.
Details
Documents
Address Information
Street #: 1104
Direction: E
Street Name: 7Th
Suffix: Street
State/Province: AZ
Zip Code: 85719
County: Pima
Country: USA
Location Tax Legal
Tax Code: 124-06-0850
Area: Central
Subdivision: Buells
Contract Information
Current Price: $1,350,000
Sold Price: $1,350,000
Listing Date: 2018-12-04
Status: Closed
Method of Title: Fee (Simple)
Distressed Info: None
Status Change Info
Off Market Date: 2018-12-05
Pending Date: 2018-12-31
Sold Date: 2019-01-28
Sold Price: $1,350,000
Sold Price/SqFt: 232.96
Lot Sz Sold Prc/SqFt: 91.15
How Sold: Conventional
General Property Information
Dwelling Type: Duplex
Attached/Detached: Detached
Construction Status: Existing
Lot Dimensions: 100 x 148
Lot Acres: 0.34
Lot Sqft: 14810
Lot Size Source: Assessor
Combined SqFt: 5795
Year Built: 1917
Total Parking: 14
School District: TUSD
Elementary School: Blenman
Middle School: Mansfeld
High School: Tucson
Horse Property: No
Horse Facilities: No
List Price/SqFt: 250.22
Lot Size Price/SqFt: 97.91
Remarks Misc
Geo Lat: 32.226166
Geo Lon: -110.954516
Showing Information
Directions: From 6th and Euclid. East to Fremont. South to 7th street. Located on SE corner of Fremont and 7th.
Unit Info
# of Units/Other: 2
Avg Mo Rent/Other: 11900
Unit 1 Information
Monthly Rent: 7600
# Beds: 8
# Full Baths: 3
SqFt: 3716
Occupancy: No
Stories: Two
Floor: 2nd
Furnished: No
Parking: On Property
Unit 2 Information
Monthly Rent: 4300
# Beds: 6
# Full Baths: 3
SqFt: 2079
Occupancy: No
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Analysis
Cap Rate %: 7.35
Gross Rent Multi: 9.23
Exp/SqFt: 8.11
Exp % of Gross: 32.14
Income
Gross Scheduled Rent: 142800
Other Income: 3500
Adjusted Gross: 146300
Total Expenses: 47022
Net Opp Income: 99278
Expenses
Admin Expenses: 325
Insurance: 2023
Maintenance Supplies: 21561
Management: 14630
Taxes/Assessments: 7691
Other Expenses: 792
Figures Presented: Proforma
Kitchen Features
Pantry: Walk-In
Appliance Color: Black
Countertops: Corian
Microwave: Built in
Oven: Electric
Laundry
Other: Three Washers
Interior Features
Interior Steps: Yes
Electric
Electric Company: TEP
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Landscaping: Owner
Pool/Spa Maintenance: Owner
Sewer: Tenant
Taxes: Owner
Trash: Tenant
Water: Tenant
Landscape - Rear
Other: Turf
Driveway
Paved: Asphalt
RV Parking
Other: None
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: Yes
CC&Rs: No
Submit With Offer
Digital Signatures: Yes
Home Protection
Offered: No
Property Features
Construction: Frame - Stucco; Stone
Style: Modern; Southwestern
Roof: Rolled; Tile
Living Areas: Family Room; Great Room; Living Room
Dining Areas: Breakfast Bar
Dining Room: Area
Breakfast: Bar
Kitchen Features: Breakfast Bar; Electric Range; Dishwasher; Disposal; Refrigerator
Bathroom Features: Shower & Tub/Primary; Shower Only/Hall
Laundry: Laundry Room; Dryer Included; Washer Included
Extra Room: Storage
Interior Features: Ceiling Fan(s); Fire Sprinkler System
Floor Covering: Ceramic Tile; Wood
Window Covering: Stay
Technology: Alarm System; Cable TV; High Speed Internet
Main Cooling: Zoned
Main Heating: Electric; Forced Air; Natural Gas
Water Heater: Electric; Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: Door Levers
Security: Security Lights; Window Bars
Pool: Community
Spa: None
Fence: Block; Wrought Iron
Landscape - Front: Low Care
Landscape - Rear: Low Care
View: Mountain(s)
Road Type: Paved
Exterior Feature: Courtyard
Lot Features: Adjacent to Alley; Corner Lot; Subdivided
Neighborhood Features: Sidewalks
Terms: Cash; Conventional
Property Disclosures: Lead Based Paint; Military Airport Vct; Public Airport Vcty; Unknown
Special Conditions: None
Lead Paint Discl 
Listing Office: Tucson Integrity Realty, LLC
Last Updated: December - 11 - 2024
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