Basics
| Date added Added 1 year ago | Category Multifamily | Type 4 Plex | Status Active |
| Year built 2015 | Days On Market 0 | List Price/SqFt 338.61 | County Pima |
| List Number Main 22410347 | Lot Acres 0.43 acres | Municipality/Zoning Tucson - R3 | Lot Dimensions 125 X 150 X 125 X 151 |
| View Mountain(s) | Attached/Detached Attached | MLS ID 22410347 |
Description
-
Description:
Rare opportunity to purchase newer construction within 3 blocks of UofA around a 8.06% Cap rate (proforma)! This newer building integrates metal roofing with block and stucco finishes for a really neat modern look that the students love. 4-plex, with 8bds/3.5bths per unit. Large units with huge common areas, all tile throughout, hardwood cabinets, corian counters, and ample appliances. Floorplan designed by afor students. Huge Picture windows in front frame nice mountain and city views. Large enclosed common area with Turf. Parking lot w 14 parking spots, 4 on street parking spots available, basketball hoops. This property is zoned for group homes and could be ideal for a variety of non-student housing needs.
- Legal Description: DRAKES LOTS 1 2 3 4 & 5 BLK 27
Rooms
- Sauna Level: TUSD
- Kitchen Features: Countertops: Corian
- Kitchen Features: Pantry: Walk-In
- Kitchen Features: Appliance Color: Black
- Breakfast: Bar
- Dining Areas: Dining in LR/GR
- Dining Room: Area
- Extra Room: None
- Kitchen Features: Electric
- Bathroom Features: Countertops/Hall: Cultured Marble, Cultured Marble
Location
- Directions: From Broadway and Campbell. North to 10th Street. West to Mountain Ave. On Southeast corner of 10th street and Mountain.
Building Details
- Lot Features: Adjacent to Alley,Corner Lot,North/South Exposure
- Floor covering: Ceramic Tile
- Roof: Metal
- Construction: Concrete Block,Masonry Stucco,Metal
- Style: Modern
- Fence: Block,Wrought Iron
- 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: None
- Ownership: Investor
- Subdivision Name: Drakes Addition
- Co-op Fee: $3
- Unit 2 Details: Rent: 6800
- Landscape - Front: Other: Low Care
- Utilities: Tenant, Tenant
- Direction: N
- Horse Property: No
- Horse Facilities: No
- Electric: Electric Company: TEP
- Landscape - Rear: Other: Low Care
- Driveway: Paved: Breakfast Bar,Dishwasher,Double Sink,Electric Range,Garbage Disposal,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: 124-08-2240
- Range: 14.00
- Property Disclosures: Military Airport Vct,Seller Prop Disclosure
- Road Type: Paved
- Road Maintenance: City
- Technology: Cable TV,High Speed Internet
- Terms: Cash,Conventional
- Income: Gross Scheduled Rent: 326400.00
- Income: Vacancy Loss: 0.00
- Income: Other Income: 7228.00
- Income: Total Expenses: $71,805
- Analysis: Cap Rate %: 8.06, 9.74
- Analysis: Gross Rent Multi: 9.74
- Analysis: Vacancy Rate %: 0.00
- Analysis: Exp/SqFt: 7.48 sq ft
- Analysis: Exp % of Gross: 21.52
Listing Office
- Listing Office ShortId: 52063
- ListingOfficeName: Pinnacle Realty and Investment Advisors LLC
- Listing Office Phone: (520) 331-8050
- Listing Office Address: 12419 N Wing Shadow Ln, Marana, AZ 85658
- Listing Member Phone: (520) 331-8050, 14745
Units Information
- Unit 1 Details: Rent: 6800
- Unit 1 Information: Floor: 1st
- Unit 1 Information: Furnished: Partially
- Unit 1 Information: Occupancy: Yes
- Unit 1 Details: SqFt: 2398
- Unit 1 Details: # Bedrooms: 8
- Unit 1 Details: # Full Baths: 3
- Unit 1 Details: # Half Baths: 1
- Unit 1 Information: Parking: Single
- Unit 2 Details: # Bedrooms: 8
- Unit 2 Details: # Full Baths: 3
- Unit 2 Details: # Half Baths: 1
- Unit 2 Details: SqFt: 2398
- Unit 2 Information: Furnished: Partially
- Unit 2 Information: Floor: Yes, 1st
- Unit 2 Information: Parking: On Property, On Property
- Unit 3 Information: Monthly Rent: 6800
- Unit 3 Details: SqFt: 2394
- Unit 3 Details: # Bedrooms: 8
- Unit 3 Details: # Half Baths: 1
- Unit 3 Information: Floor: 2nd
- Unit 3 Information: Occupancy: Yes
- Unit 3 Information: Furnished: Partially
- Unit 4 Details: Rent: 6800
- Unit 4 Details: SqFt: 2394
- Unit 4 Details: # Full Baths: 3, 3
- Unit 4 Details: # Bedrooms: 8
- Unit 4 Details: # Half Baths: 1
- Unit 4 Information: Occupancy: Yes
- Unit 4 Information: Floor: 2nd
- Unit 4 Information: Furnished: Partially
- Unit 4 Information: Parking: On Property
Amenities & Features
- Interior Features: Ceiling Fan(s),Dual Pane Windows,Fire Sprinklers,Furnished,Smoke Detector,Vaulted Ceilings, No
- Exterior Features: BBQ,Courtyard
- Sewer: Connected
- Accessibility Features: Door Levers,Roll-In Shower,Wide Doorways
- Neighborhood Feature: Sidewalks,Street Lights
- RV Parking: Other: None
- Laundry: Dryer Included,Laundry Room,Washer Included
- Main Cooling: Zoned
- Main Heating: Zoned
- Patio/Deck: Balcony,Covered
- Pool: None
- Security: Security Lights,Window Bars
- Spa: None
- Water: City Water
- Water Heater: Electric
- Window Covering: Stay
- Gas: None
- Total Parking: 14
Nearby Schools
- High School: Tucson
- Middle School: Mansfeld
- Elementary School: Cragin
Fees and Taxes
- Tax Year: 2023
- Expenses: Other Expenses: $250
- Expenses: Resident Manager: $0
- Expenses: Taxes/Assessments: $15,794
- Expenses: Management: $33,363
- Expenses: Water/Sewer: $0
- Expenses: Contract Services: $400
- Expenses: Figures Presented: $0
- Expenses: Admin Expenses: $698
- Expenses: Captial Expenses: $8,000
- Expenses: Insurance: $5,800
- Expenses: Gas/Electric: $0
- Expenses: Maintenance Supplies: $7,500
- Taxes: $15,795