Basics
| Date added Added 1 year ago | Category Multifamily | Type 2 Plex | Status Active |
| Year built 1954 | Days On Market 1 | List Price/SqFt 193.28 | County Pima |
| List Number Main 22414576 | Lot Acres 0.28 acres | Municipality/Zoning Tucson - O3 | Lot Dimensions See new Assesors Map |
| View Mountain(s) | Attached/Detached Detached | MLS ID 22414576 |
Description
-
Description:
This property features two casitas, each with its own backyard with O-3 zoning, it provides a versatile opportunity for immediate rental income and long-term development. Located in an Opportunity Zone, the property offers attractive tax incentives for investors. The strategic location enhances its appeal, being close to key amenities and commercial centers. Most units are ripe for improvements, presenting substantial opportunities to boost rental income. Investors can capitalize on the zoning flexibility for diverse development possibilities, ensuring maximized returns. This property is a prime candidate for both income generation and future growth.
- Legal Description: CATALINA FARMS ANNEX S100' N200' E146.2'LOT 1 BLK 1 EXC ROW
Rooms
- Sauna Level: TUSD
- Kitchen Features: Countertops: Concrete overlay
- Kitchen Features: Appliance Color: Stainless
- Breakfast: None
- Dining Areas: Eat-In Kitchen
- Dining Room: None
- Extra Room: None
Location
- Directions: East on Grant and then North on Alvernon and property is on the west side of the road just north of Grant.
Building Details
- Lot Features: East/West Exposure
- Floor covering: Ceramic Tile, Concrete
- Roof: Built-up
- Construction: Brick
- Style: Bungalow,Southwestern
- Fence: Wood
- 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: Catalina Farms Annex
- Co-op Fee: $3
- Unit 2 Details: Rent: 895
- Landscape - Front: Other: Decorative Gravel,Low Care
- Utilities: Owner, Tenant
- Direction: N
- Horse Property: No
- Horse Facilities: No
- Electric: Electric Company: TEP
- Landscape - Rear: Other: Low Care
- Driveway: Paved: Gas Range,Refrigerator
- Association & Fees: HOA: No
- Home Protection: Offered: No
- Driveway: Circular
- Fema Flood Zone: No
- Assessments: $0
- Section: 33
- Community: None
- Fire Protection: Included in Taxes
- Tax Code: 111-08-159A
- Range: 14.00
- Property Disclosures: Insurance Claims History Report,Lead Based Paint,Seller Prop Disclosure
- Road Type: Paved
- Road Maintenance: City
- Technology: High Speed Internet
- Terms: Cash,Conventional
- Income: Gross Scheduled Rent: 20640.00
- Income: Vacancy Loss: 895.00
- Income: Other Income: 0.00
- Income: Total Expenses: $7,094.68
- Analysis: Cap Rate %: 5.50, 11.65
- Analysis: Gross Rent Multi: 11.65
- Analysis: Vacancy Rate %: 4.34
- Analysis: Exp/SqFt: 5.96 sq ft
- Analysis: Exp % of Gross: 35.93
Listing Office
- Listing Office ShortId: 4983
- ListingOfficeName: Realty Executives Arizona Territory
- Listing Office Phone: (520) 877-4940
- Listing Office Address: 3300 E Sunrise Dr. #50, Tucson, AZ 85718
- Listing Office Url: www.RealtyExAz.com
- Listing Member Phone: (520) 505-1015, 35746
Units Information
- Unit 1 Details: Rent: 825
- Unit 1 Information: Floor: 1st
- Unit 1 Information: Furnished: No
- Unit 1 Information: Occupancy: Yes
- Unit 1 Details: SqFt: 500
- 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: 690
- Unit 2 Information: Furnished: No
- Unit 2 Information: Floor: Yes, 1st
- Unit 2 Information: Parking: On Property
Amenities & Features
- Interior Features: Ceiling Fan(s)
- Exterior Features: Dog Run
- Sewer: Connected
- Accessibility Features: None
- Neighborhood Feature: None
- Laundry: Outside
- Main Cooling: Evaporative Cooling
- Main Heating: Floor Furnace,Wall
- Patio/Deck: Covered
- Pool: None
- RV Parking: Space Available
- Security: None
- Spa: None
- Water: City Water
- Water Heater: Natural Gas
- Window Covering: Stay
- Gas: Natural
- Total Parking: 8
Nearby Schools
- High School: Catalina
- Middle School: Doolen
- Elementary School: Wright
Fees and Taxes
- Tax Year: 2023
- Expenses: Other Expenses: $0
- Expenses: Resident Manager: $0
- Expenses: Taxes/Assessments: $2,128.88
- Expenses: Management: $1,800
- Expenses: Water/Sewer: $1,324.80
- Expenses: Contract Services: $0
- Expenses: Figures Presented: $0
- Expenses: Admin Expenses: $0
- Expenses: Captial Expenses: $0
- Expenses: Insurance: $1,482
- Expenses: Gas/Electric: $0
- Expenses: Maintenance Supplies: $359
- Taxes: $2,128.88