$1,050,000
Tucson, AZ 85719
MLS# 21831374
Status: Closed
5534 sqft
1 / 11
Property Description
Price Reduced 4/29/2019! Listed at 10.25% Cap Rate. Gorgeously Remodeled Student Housing Group Home located across the Street from UofA Campus! Property leased through 7/2019! Property completely remodeled in Spring of 2011 with two new kitchens, 10 new bathrooms, all new hardwood and tile floors! Please view pictures and virtual tour. Serious investors only please. Amazing cashflow! Please do not disturb tenants or trespass onto property. Management company that has kept the property 100% leased from 7/2011 through current date is willing to stay on and manage the property.
Details
Address Information
Street #: 924
Direction: E
Street Name: 6th
Suffix: Street
State/Province: AZ
Zip Code: 85719
County: Pima
Country: USA
Location Tax Legal
Tax Code: 124-05-226B
Area: Central
Subdivision: Buells
Contract Information
Current Price: $1,050,000
Sold Price: $1,050,000
Listing Date: 2018-11-28
Status: Closed
Method of Title: Fee (Simple)
Distressed Info: None
Status Change Info
Off Market Date: 2019-05-16
Pending Date: 2019-07-26
Sold Date: 2019-08-06
Sold Price: $1,050,000
Sold Price/SqFt: 189.74
Lot Sz Sold Prc/SqFt: 62.2
How Sold: Conventional
General Property Information
Dwelling Type: Duplex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: 96 X 175
Lot Acres: 0.39
Lot Sqft: 16881
Lot Size Source: Assessor
Combined SqFt: 5534
Year Built: 1938
Total Parking: 14
School District: TUSD
Elementary School: Davidson
Middle School: Mansfeld
High School: Tucson
Horse Property: No
Horse Facilities: No
List Price/SqFt: 234.91
Lot Size Price/SqFt: 77.01
Remarks Misc
Geo Lat: 32.22741
Geo Lon: -110.956976
Showing Information
Directions: From Speedway and Euclid. South to 6th Street. East to address. Access to Parking lot off of back alley.
Unit 1 Information
Monthly Rent: 3600
# Beds: 4
# Full Baths: 2
SqFt: 1360
Occupancy: Yes
Stories: Multi
Floor: 1st
Furnished: No
Parking: On Property
Unit 2 Information
Monthly Rent: 11700
# Beds: 13
# Full Baths: 8
SqFt: 4100
Occupancy: Yes
Stories: Two
Floor: 1st
Furnished: No
Parking: On Property
Analysis
Cap Rate %: 12.8
Gross Rent Multi: 5.59
Exp/SqFt: 9.66
Exp % of Gross: 28.45
Income
Gross Scheduled Rent: 183600
Other Income: 4250
Adjusted Gross: 187850
Total Expenses: 53436
Net Opp Income: 134414
Expenses
Admin Expenses: 728
Insurance: 7564
Maintenance Supplies: 18619
Management: 18360
Taxes/Assessments: 8165
Figures Presented: Proforma
Living Areas
Other: Study Hall
Kitchen Features
Countertops: Corian
Microwave: Built In
Oven: Electric
Bathroom Features
Countertops/Hall: Some
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
Driveway
Paved: Asphalt
RV Parking
Other: NA
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: Yes
CC&Rs: Yes
Submit With Offer
Digital Signatures: Yes
Home Protection
Offered: No
Property Features
Construction: Frame - Stucco; Masonry Stucco
Style: Southwestern
Roof: Built-Up - Reflect; Shingle
Living Areas: Living Room
Dining Areas: Dining in LR/GR
Dining Room: Area
Breakfast: Area
Kitchen Features: Electric Range; Dishwasher; Disposal; Refrigerator
Bathroom Features: Shower Only/Hall; Pedestal Sink(s)
Laundry: Laundry Room
Extra Room: None
Interior Features: Ceiling Fan(s); Fire Sprinkler System; Smoke Detector
Floor Covering: Carpet; Ceramic Tile
Window Covering: Stay
Window Features: Double Pane Windows
Technology: Cable TV; High Speed Internet; Telephone
Main Cooling: Zoned
Main Heating: Forced Air; Natural Gas
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: Door Levers; Entry; Other Bath Modification; Ramped Main Level; Roll-In Shower; Wide Doorways; Wide Hallways
Security: Security Lights; Window Bars
Pool: Community
Spa: None
Fence: Block; Wrought Iron
Landscape - Front: Decorative Gravel; Graded; Low Care
Landscape - Rear: Decorative Gravel; Low Care; Trees
View: Mountain(s)
Road Type: Paved
Exterior Feature: Courtyard; Kennel/Dog Run; Shed(s)
Lot Features: Adjacent to Alley; North/South Exposure; Subdivided
Neighborhood Features: Pool; Sidewalks
Terms: Cash; Conventional; Exchange
Submit With Offer: Income Property Addendum; Proof of Funds
Property Disclosures: Floor Plan; Lead Based Paint; Unknown
Special Conditions: None
Listing Office: Tucson Integrity Realty, LLC
Last Updated: December - 10 - 2024
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