Basics
| Date added Added 2 years ago | Category Multifamily | Type 4 Plex | Status Active |
| Year built 1949 | Days On Market 0 | List Price/SqFt 307.29 | County Pima |
| List Number Main 22315723 | Lot Acres 0.30 acres | Municipality/Zoning South Tucson - SB1 | Lot Dimensions 49'x'180'x147'x45'x99'x135 |
| View None | Attached/Detached Attached | MLS ID 22315723 |
Description
-
Description:
A fully-rented, fully-renovated 5 Unit apartment building on historic 4th Ave that will bring you residual income, tax advantages. Property is located in an IRS Opportunity Zone and within the future Tucson Norte-Sur plan, see additional information in attachments. Seller uses Property Management app that generates leases, collects your rents, advertises your vacancies and manages your money! 4-one bedroom apartments, 1-two bedroom for a total of 5 units. Rents listed are accurate and true, copies to be provided upon accepted offer. A truly unique and profitable investment now and into the future. Call Glen Warner 520-234-0309 NMLS # 298356, Property is eligible for Non-QM Conventional like a SFR; However, this 5-Unit is technically commercial see MLS 22305517. Call for clarification.
- Legal Description: HOME NO 2 LOTS 6 & 7 BLK 15
Rooms
- Sauna Level: TUSD
- Kitchen Features: Countertops: Granite
- Kitchen Features: Appliance Color: White
- Breakfast: None
- Dining Areas: Eat-In Kitchen
- Dining Room: None
- Extra Room: None
Location
- Directions: From the University of Arizona, head south on N Campbell Ave, continue onto S Kino Parkway, turn right onto E Silverlake Rd, continue onto E 29th St, turn left onto S 4th Ave, turn left onto E 33rd St
Building Details
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: Tenant, Single
- Special Listing Conditions: No SPDS,Property Sold As-Is
- Ownership: Investor
- Subdivision Name: Home
- Co-op Fee: $3
- Unit 2 Details: Rent: 900
- Landscape - Front: Other: Low Care,Natural Desert
- Utilities: Tenant, Tenant
- Direction: S
- Horse Property: No
- Horse Facilities: No
- Electric: Electric Company: TEP
- Landscape - Rear: Other: Low Care,Natural Desert
- Driveway: Paved: Electric Range
- Association & Fees: HOA: No
- Home Protection: Offered: No
- Driveway: To Property Line
- Fema Flood Zone: No
- Assessments: $0
- Section: 24
- Community: None
- Fire Protection: Included in Taxes
- Tax Code: 118-25-2170
- Range: 13.00
- Property Disclosures: Lead Based Paint
- Road Type: Paved
- Road Maintenance: City
- Technology: High Speed Internet
- Terms: Cash,Conventional
- Income: Gross Scheduled Rent: 43200.00
- Income: Vacancy Loss: 0.00
- Income: Other Income: 13800.00
- Income: Total Expenses: $3,930
- Analysis: Cap Rate %: 8.18, 11.39
- Analysis: Gross Rent Multi: 11.39
- Analysis: Vacancy Rate %: 0.00
- Analysis: Exp/SqFt: 1.86 sq ft
- Analysis: Exp % of Gross: 6.89
Listing Office
- Listing Office ShortId: 5169
- ListingOfficeName: Homesmart Advantage Group
- Listing Office Phone: (520) 505-3000
- Listing Office Address: 5425 N. Oracle Road, Suite 135, Tucson, AZ 85704
- Listing Member Phone: (520) 433-0311, 35899
Units Information
- Unit 1 Details: Rent: 900
- Unit 1 Information: Floor: 1st
- Unit 1 Information: Furnished: No
- Unit 1 Information: Occupancy: Yes
- Unit 1 Details: SqFt: 400
- Unit 1 Details: # Bedrooms: 1
- Unit 1 Details: # Full Baths: 1
- Unit 1 Details: # Half Baths: 0
- Unit 1 Information: Parking: Single
- Unit 2 Details: # Bedrooms: 1
- Unit 2 Details: # Full Baths: 1
- Unit 2 Details: # Half Baths: 0
- Unit 2 Details: SqFt: 400
- Unit 2 Information: Furnished: No
- Unit 2 Information: Floor: Yes, 1st
- Unit 2 Information: Parking: On Property
- Unit 3 Information: Monthly Rent: 700
- Unit 3 Details: # Bedrooms: 1
- Unit 4 Details: Rent: 650
- Unit 4 Details: # Full Baths: 1, 1
- Unit 4 Details: # Bedrooms: 1
Amenities & Features
- Interior Features: Ceiling Fan(s),Smoke Detector,Split Bedroom Plan
- Exterior Features: Shed
- Sewer: Connected
- Accessibility Features: Other Bath Modification
- Neighborhood Feature: Sidewalks
- Main Cooling: Other: Minisplits
- Main Heating: Other: Minisplits
- Laundry: None
- Patio/Deck: Slab
- Pool: None
- RV Parking: Space Available
- Security: None
- Spa: None
- Water: City Water
- Water Heater: Electric
- Window Covering: Some
- Gas: None
- Total Parking: 10
Nearby Schools
- High School: Pueblo
- Middle School: Hollinger K-8
- Elementary School: Mission View
Fees and Taxes
- Tax Year: 2022
- Expenses: Other Expenses: $0
- Expenses: Resident Manager: $0
- Expenses: Taxes/Assessments: $1,090
- Expenses: Management: $300
- Expenses: Water/Sewer: $840
- Expenses: Contract Services: $0
- Expenses: Figures Presented: $0
- Expenses: Admin Expenses: $0
- Expenses: Captial Expenses: $0
- Expenses: Insurance: $1,200
- Expenses: Gas/Electric: $0
- Expenses: Maintenance Supplies: $500
- Taxes: $1,089.89