Basics
Date added Added 2 years ago | Category Multifamily | Type 3 Plex | Status Active |
Year built 1996 | Days On Market 0 | List Price/SqFt 245.98 | County Pima |
List Number Main 22319707 | Lot Acres 0.24 acres | Municipality/Zoning Tucson - R2 | Lot Dimensions 202 x 53 x 202 x 52 |
View Residential | Attached/Detached Attached | MLS ID 22319707 |
Description
-
Description:
Location, location, location! Amazing opportunity to own this money-making tri-plex, separately metered and walking distance to the U of A. Fully occupied with leases in place until Summer of 2024 and rarely vacant with fast turn over time. Unit #1 is a 1 bedroom 1 bath that has been recently upgraded with tile and granite. Unit #2 is 2 bedrooms, 2 baths with tile in main living areas. Unit #3 is 4 bedrooms, 2 baths with upgraded laminate flooring and a large wrap around yard with a garden. Each unit has its own private patio separated by block wall. These are exceptionally well maintained. All the units come with the existing appliances which includes the washers and dryers located inside each one. Tenants pay electric and gas. Owner pays water, sewer and trash.
- Legal Description: From Parcel:001010010 /Drakes S52' Lot 18 Blk 17
Rooms
- Sauna Level: TUSD
- Breakfast: Area
- Dining Areas: Breakfast Bar,Eat-In Kitchen
- Dining Room: Area
- Extra Room: None
Location
- Directions: From 6th Street south on Highland Ave. to address on left.
Building Details
- Lot Features: North/South Exposure
- Floor covering: Carpet, Ceramic Tile
- Roof: Shingle
- Floor Covering: Other: wood laminate
- Construction: Slump Block
- Style: Contemporary
- Fence: Block
- 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: Drakes Addition
- Co-op Fee: $3
- Unit 2 Details: Rent: 1150
- Landscape - Front: Other: Low Care
- Utilities: Owner, Tenant
- Direction: N
- Horse Property: No
- Horse Facilities: No
- Electric: Electric Company: TEP
- Landscape - Rear: Other: Low Care
- Driveway: Paved: Dishwasher,Electric Range,Refrigerator
- Association & Fees: HOA: No
- Home Protection: Offered: No
- Fema Flood Zone: No
- Assessments: $0
- Section: 7
- Community: None
- Fire Protection: Included in Taxes
- Tax Code: 124-08-1070
- Range: 14.00
- Property Disclosures: Insurance Claims History Report,Leases,Seller Prop Disclosure
- Road Type: Paved
- Road Maintenance: City
- Technology: High Speed Internet
- Terms: Cash,Conventional,FHA Loan
- Income: Gross Scheduled Rent: 49800.00
- Income: Vacancy Loss: 0.00
- Income: Other Income: 0.00
- Income: Total Expenses: $13,071
- Analysis: Cap Rate %: 4.62, 15.96
- Analysis: Gross Rent Multi: 15.96
- Analysis: Vacancy Rate %: 0.00
- Analysis: Exp/SqFt: 4.04 sq ft
- Analysis: Exp % of Gross: 26.25
Listing Office
- Listing Office ShortId: 51100
- ListingOfficeName: New Concept
- Listing Office Phone: (520) 551-7247
- Listing Office Address: 7650 E Broadway Blvd Ste. 107, Tucson, AZ 85710
- Listing Office Url: http://newconceptproperties.com
- Listing Member Phone: (928) 277-7270, 38868
Units Information
- Unit 1 Details: Rent: 1000
- Unit 1 Information: Floor: 1st
- Unit 1 Information: Furnished: No
- Unit 1 Information: Occupancy: Yes
- Unit 1 Details: SqFt: 732
- 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: 2
- Unit 2 Details: # Full Baths: 2
- 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: On Property, On Property
- Unit 3 Information: Monthly Rent: 2000
- Unit 3 Details: SqFt: 1700
- Unit 3 Details: # Bedrooms: 4
- Unit 3 Information: Occupancy: Yes
- Unit 3 Information: Furnished: No
- Unit 4 Details: # Full Baths: 2
Amenities & Features
- Interior Features: Ceiling Fan(s), No
- Exterior Features: None
- Sewer: Connected
- Accessibility Features: None
- Neighborhood Feature: Athletic Facilities,Exercise Facilities,Historic,Jogging/Bike Path,Lighted,Paved Street,Rec Center,Sidewalks,Street Lights
- Laundry: Dryer Included,Laundry Closet,Laundry Room,Washer Included
- Main Cooling: Ceiling Fan(s),Heat Pump
- Main Heating: Gas Pac,Heat Pump
- Patio/Deck: Patio
- Pool: None
- RV Parking: Space Available
- Security: Window Bars
- Spa: None
- Water: City Water
- Water Heater: Natural Gas
- Window Covering: Stay
- Gas: Natural
- Total Parking: 6
Nearby Schools
- High School: Tucson
- Middle School: Mansfeld
- Elementary School: Miles Exploratory Learning Center
Fees and Taxes
- Tax Year: 2022
- Expenses: Other Expenses: $0
- Expenses: Resident Manager: $0
- Expenses: Taxes/Assessments: $3,727
- Expenses: Management: $4,980
- Expenses: Water/Sewer: $1,560
- Expenses: Contract Services: $0
- Expenses: Figures Presented: $0
- Expenses: Admin Expenses: $0
- Expenses: Captial Expenses: $0
- Expenses: Insurance: $904
- Expenses: Gas/Electric: $0
- Expenses: Maintenance Supplies: $1,900
- Taxes: $3,727.06