Basics
| Date added Added 2 years ago | Category Multifamily | Type 2 Plex | Status Active |
| Year built 2022 | Days On Market 16 | List Price/SqFt 209.30 | County Pima |
| List Number Main 22312630 | Lot Acres 0.18 acres | Municipality/Zoning Tucson - R2 | Lot Dimensions 153x47x153x47 |
| View City | Attached/Detached Attached | MLS ID 22312630 |
Description
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Description:
Great investment opportunity! This new construction duplex has been built to maximize profits for an investor by separately metering ALL OF THE UTILITIES! Water, gas, trash and sewer! Tenants pay all! With the idea that the units could be sold independently as condos for a much higher resale price in the future.With a cap rate of 7.5% and a seller willing to contribute up to $5,000 in concessions this is a no brainer. You are getting two New spacious units with a combined total of 2,150 sq/ft of living space for only $225,000 per unit. You won't find any New Construction condos or townhomes for this price in today's market.Rent both or live in one. This hassle free property is exactly what you need in your portfolio. Don't wait. Start building wealth today!
- Legal Description: 001010010 /South Park Lot 2 Blk 3
Rooms
- Sauna Level: TUSD
- Kitchen Features: Countertops: granite
- Kitchen Features: Appliance Color: Stainless
- Breakfast: Area
- Dining Areas: Eat-In Kitchen
- Dining Room: Area
- Extra Room: None
- Kitchen Features: 1
Location
- Directions: From I-10 head East on 22nd the property will be directly off of 22nd between 5th and 4th street. Alley entrance for parking on premise.
Building Details
- Lot Features: Adjacent to Alley
- Floor covering: Ceramic Tile
- Roof: Built-up
- Fence: Other: metal sheets
- Construction: Stucco Finish,Wood Frame
- Style: Modern
- 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: Tenant, Single
- Special Listing Conditions: No Insurance Claims History Report,None
- Ownership: Investor
- Subdivision Name: South Park Addition
- Co-op Fee: $3
- Unit 2 Details: Rent: 1500
- Landscape - Front: Other: Decorative Gravel,Low Care
- Utilities: Tenant, Tenant
- Direction: E
- Horse Property: No
- Horse Facilities: No
- Electric: Electric Company: TEP
- Security: Other: privacy fence
- Landscape - Rear: Other: Decorative Gravel,Low Care
- Driveway: Paved: Dishwasher,Garbage Disposal,Refrigerator
- Association & Fees: HOA: No
- Home Protection: Offered: No
- Fema Flood Zone: No
- Assessments: $0
- Section: 24
- Community: None
- Fire Protection: Included in Taxes
- Tax Code: 118-12-0340
- Range: 13.00
- Property Disclosures: None
- Road Type: Dirt,Paved
- Road Maintenance: City
- Technology: High Speed Internet
- Terms: Cash,Conventional,FHA Loan,VA Loan
- Income: Gross Scheduled Rent: 36000.00
- Income: Vacancy Loss: 0.00
- Income: Other Income: 0.00
- Income: Total Expenses: $2,168.52
- Analysis: Cap Rate %: 7.52, 12.50
- Analysis: Gross Rent Multi: 12.50
- Analysis: Vacancy Rate %: 0.00
- Analysis: Exp/SqFt: 1.01 sq ft
- Analysis: Exp % of Gross: 6.02
Listing Office
- Listing Office ShortId: 498306
- ListingOfficeName: Realty Executives Arizona Terr
- Listing Office Phone: (520) 207-0903
- Listing Office Address: 6444 E Tanque Verde Rd, Tucson, AZ 85715
- Listing Office Url: www.RealtyExAz.com
- Listing Member Phone: (520) 705-7201, 53963
Units Information
- Unit 1 Details: Rent: 1500
- Unit 1 Information: Floor: 1st
- Unit 1 Information: Furnished: No
- Unit 1 Information: Occupancy: Yes
- Unit 1 Details: SqFt: 1075
- Unit 1 Details: # Bedrooms: 2
- Unit 1 Details: # Full Baths: 2
- Unit 1 Details: # Half Baths: 0
- Unit 1 Information: Parking: Single
- Unit 2 Details: # Bedrooms: 2
- Unit 2 Details: # Full Baths: 2
- Unit 2 Details: # Half Baths: 0
- Unit 2 Details: SqFt: 1075
- Unit 2 Information: Furnished: No
- Unit 2 Information: Floor: Yes, 1st
- Unit 2 Information: Parking: On Property
Amenities & Features
- Interior Features: Smoke Detector,Split Bedroom Plan, No
- Exterior Features: None
- Sewer: Connected
- Accessibility Features: None
- Neighborhood Feature: Park,Paved Street,Sidewalks
- RV Parking: Other: no
- Laundry: Laundry Closet
- Main Cooling: Central Air
- Main Heating: Forced Air
- Patio/Deck: None
- Pool: None
- Spa: None
- Water: City Water
- Water Heater: Natural Gas
- Window Covering: Some
- Gas: Natural
- Total Parking: 4
Nearby Schools
- High School: Tucson
- Middle School: Safford K-8 Magnet
- Elementary School: Borton
Fees and Taxes
- Tax Year: 2022
- Expenses: Other Expenses: $0
- Expenses: Resident Manager: $0
- Expenses: Taxes/Assessments: $368.52
- Expenses: Management: $0
- Expenses: Water/Sewer: $0
- Expenses: Contract Services: $0
- Expenses: Figures Presented: $0
- Expenses: Admin Expenses: $0
- Expenses: Captial Expenses: $0
- Expenses: Insurance: $1,800
- Expenses: Gas/Electric: $0
- Expenses: Maintenance Supplies: $0
- Taxes: $368.52