Basics
| Date added Added 2 years ago | Category Multifamily | Type 4 Plex | Status Active |
| Year built 1960 | Days On Market 0 | List Price/SqFt 201.15 | County Pima |
| List Number Main 22402898 | Lot Acres 0.32 acres | Municipality/Zoning Tucson - R2 | Lot Dimensions 56' X233'x56'x231 |
| View Mountain(s),Residential | Attached/Detached Attached | MLS ID 22402898 |
Description
-
Description:
Awesome 4-plex! Wire Cut red-brick 4-plex features four 2bd/1bath units. All units have air conditioning, carports, private fenced yards and laundry hook-ups. RENTS ARE WAY BELOW MARKET. SIMILAR UNITS RENT FOR $1,000 TO $1,200 PER UNIT. This property has the potential for significant upside, WITHOUT a significant cash outlay. Property has been well maintained and is well constructed, with all the features Tenants are looking for in an apartment. Individual unit information below shows actual rents. Income/expenses reflect proforma rents of $1,100 per month. Sellers will review all offers Wednesday February 7th 8:00 AM and respond by Wednesday February 7th 8:00 PM. Contact LA for Offering Memorandum. This property must be sold with adjacent 4-plex at 3412 E. Glenn and close simultaneously
- Legal Description: From Parcel 001010010/Fruitvale E2 of the N234' of Lot 7 Blk 8
Rooms
- Sauna Level: TUSD
- Kitchen Features: Countertops: Varies
- Kitchen Features: Appliance Color: White
- Laundry: Other: Hook-ups
- Breakfast: None
- Dining Areas: Dining in LR/GR
- Dining Room: Area
- Extra Room: None
Location
- Directions: Country Club Rd/Fort Lowell - S, Glenn St.- E to address
Building Details
- Lot Features: North/South Exposure
- Floor covering: Carpet, Ceramic Tile
- Roof: Built-Up - Reflect
- Floor Covering: Other: Wood Laminate
- Fence: Other: Combination
- Construction: Brick
- Style: Bungalow
- Construction Status: Existing
Miscellaneous
- Compensation Disclaimer: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
- UnBranded Virtual Tour: Owner, Single
- Special Listing Conditions: None
- Ownership: Investor
- Subdivision Name: Fruitvale Addition
- Co-op Fee: $3
- Unit 2 Details: Rent: 850
- Landscape - Front: Other: Low Care
- Utilities: Owner, Tenant
- Direction: E
- Horse Property: No
- Horse Facilities: No
- Electric: Electric Company: TEP
- Landscape - Rear: Other: Low Care
- Driveway: Paved: Electric Range,Refrigerator
- Association & Fees: HOA: No
- Home Protection: Offered: No
- Fema Flood Zone: No
- Assessments: $0
- Section: 33
- Community: None
- Fire Protection: Included in Taxes
- Tax Code: 111-07-1800
- Range: 14.00
- Property Disclosures: Easements,Insurance Claims History Report,Lead Based Paint
- Road Type: Paved
- Road Maintenance: City
- Technology: Telephone
- Terms: Cash,Conventional,Exchange
- Income: Gross Scheduled Rent: 52800.00
- Income: Vacancy Loss: 2640.00
- Income: Other Income: 0.00
- Income: Total Expenses: $15,065
- Analysis: Cap Rate %: 6.24, 11.20
- Analysis: Gross Rent Multi: 11.20
- Analysis: Vacancy Rate %: 5.00
- Analysis: Exp/SqFt: 5.39 sq ft
- Analysis: Exp % of Gross: 30.03
Listing Office
- Listing Office ShortId: 286607
- ListingOfficeName: Tierra Antigua Realty
- Listing Office Phone: (520) 318-5290
- Listing Office Address: 7380 N. La Cholla Blvd, Tucson, AZ 85741
- Listing Office Url: https://www.tierraantigua.com/
- Listing Member Phone: (520) 797-6900, 9222
Units Information
- Unit 1 Details: Rent: 81875
- Unit 1 Information: Floor: 1st
- Unit 1 Information: Furnished: No
- Unit 1 Information: Occupancy: Yes
- Unit 1 Details: SqFt: 800
- Unit 1 Details: # Bedrooms: 2
- Unit 1 Details: # Full Baths: 1
- Unit 1 Details: # Half Baths: 0
- Unit 1 Information: Parking: Single
- Unit 2 Details: # Bedrooms: 2
- Unit 2 Details: # Full Baths: 1
- Unit 2 Details: # Half Baths: 0
- Unit 2 Details: SqFt: 800
- Unit 2 Information: Furnished: No
- Unit 2 Information: Floor: Yes, 1st
- Unit 2 Information: Parking: Carport, Carport
- Unit 3 Information: Monthly Rent: 850
- Unit 3 Details: # Bedrooms: 2
- Unit 3 Details: # Half Baths: 0
- Unit 3 Information: Occupancy: Yes
- Unit 3 Information: Furnished: No
- Unit 4 Details: Rent: 775
- Unit 4 Details: # Full Baths: 1, 1
- Unit 4 Details: # Bedrooms: 2
- Unit 4 Details: # Half Baths: 0
- Unit 4 Information: Occupancy: Yes
- Unit 4 Information: Floor: 1st
- Unit 4 Information: Furnished: No
- Unit 4 Information: Parking: Carport
Amenities & Features
- Interior Features: No
- Exterior Features: None
- Sewer: Connected
- Accessibility Features: None
- Neighborhood Feature: Paved Street,Sidewalks
- Laundry: Outside
- Main Cooling: Central Air
- Main Heating: Forced Air,Natural Gas
- Patio/Deck: Enclosed
- Pool: None
- RV Parking: Space Available
- Security: None
- Spa: None
- Water: City Water
- Water Heater: Electric,Natural Gas
- Window Covering: Some
- Gas: Natural
- Total Parking: 8
Nearby Schools
- High School: Catalina
- Middle School: Doolen
- Elementary School: Blenman
Fees and Taxes
- Tax Year: 2023
- Expenses: Other Expenses: $530
- Expenses: Resident Manager: $0
- Expenses: Taxes/Assessments: $2,406
- Expenses: Management: $0
- Expenses: Water/Sewer: $3,280
- Expenses: Contract Services: $705
- Expenses: Figures Presented: $0
- Expenses: Admin Expenses: $600
- Expenses: Captial Expenses: $2,000
- Expenses: Insurance: $1,344
- Expenses: Gas/Electric: $200
- Expenses: Maintenance Supplies: $4,000
- Taxes: $2,405.81