$494,000
Tucson, AZ 85745
MLS# 22104172
Status: Closed
4176 sqft
1 / 6
Property Description
This is a great opportunity to own 4 units close to everything. Located near the School for the Deaf and Blind, Only minutes to the UofA, pima community college, Mercado, Barrio, and downtown. Near El Rio golf course. Plenty of parking. All units are in great shape with tile floors, AC, Balconies or enclosed yards, laundry in each unit. Call Danny for information on purchasing 3 four plexes on same property for a total of 12. They have 3 different tax codes for easy financing. Seller would like to sell all 12 units together because of shared water meter, parking lot and dumpster cost.
Details
Maps
Address Information
Street #: 1331
Direction: N
Street Name: Gila
Suffix: Street
State/Province: AZ
Zip Code: 85745
County: Pima
Country: USA
Location, Tax & Legal
Tax Code: 115-17-229E
Tax Year: 2020
Taxes: 2320.46
Taxes For: Dwelling & Land
Legal Description: EL RIO ACRES PTN OF LOT 136 & PTN OF LOT 135
Area: West
Subdivision: El Rio Acres
Township: 14
Range: 13
Section: 2
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Community: None
Contract Information
Current Price: $494,000
Sold Price: $494,000
Listing Date: 2021-02-16
Status: Closed
Co-Op Fee: 3%
Method of Title: Fee (Simple)
Distressed Info: None
Status Change Info
Off Market Date: 2021-02-23
Pending Date: 2021-03-10
Sold Date: 2021-03-29
Sold Price: $494,000
Sold Price/SqFt: 118.3
Lot Sz Sold Prc/SqFt: 46.58
How Sold: Conventional
Showing Information
Directions: Speedway Blvd./Grande Ave., West on Speedway Blvd., North on Yucca St., To Riverview east, South on Gila St. to property.
General Property Information
Dwelling Type: 4 Plex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: Irregular
Lot Acres: 0.24
Lot Sqft: 10605
Lot Size Source: Assessor
Combined SqFt: 4176
Year Built: 1997
Total Parking: 8
School District: TUSD
Elementary School: Tully
Middle School: Mansfeld
High School: Tucson
Horse Property: No
Horse Facilities: No
List Price/SqFt: 123.32
Lot Size Price/SqFt: 48.56
Remarks & Misc
Geo Lat: 32.238967
Geo Lon: -110.992235
Unit 1 Information
Monthly Rent: 995
# Beds: 3
# Full Baths: 2
SqFt: 1044
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 2 Information
Monthly Rent: 975
# Beds: 3
# Full Baths: 2
SqFt: 1044
Occupancy: Yes
Stories: Single
Floor: 2nd
Furnished: No
Parking: On Property
Unit 3 Information
Monthly Rent: 975
# Beds: 3
# Full Baths: 2
SqFt: 1044
Occupancy: Yes
Stories: Single
Furnished: No
Parking: On Property
Unit 4 Information
Monthly Rent: 975
# Beds: 3
# Full Baths: 2
SqFt: 1044
Occupancy: Yes
Stories: Single
Floor: 2nd
Furnished: No
Parking: On Property
Analysis
Cap Rate %: 6.81
Gross Rent Multi: 10.66
Vacancy Rate %: 3
Exp/SqFt: 3.04
Exp % of Gross: 27.43
Income
Gross Scheduled Rent: 47760
Vacancy Loss: 1433
Adjusted Gross: 46327
Total Expenses: 12706
Net Opp Income: 33621
Expenses
Insurance: 350
Management: 3820
Taxes/Assessments: 2320
Water/Sewer: 1440
Other Expenses: 4776
Figures Presented: Proforma
Interior Features
Interior Steps: No
Electric
Electric Company: TEP
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Owner
Insurance: Owner
Sewer: Owner
Taxes: Owner
Trash: Owner
Water: Owner
Driveway
Paved: Asphalt
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: Yes
CC&Rs: No
Association & Fees
HOA: No
Home Protection
Offered: No
Sold Info
Seller Concessions: 5000
Property Features
Construction: Frame - Stucco
Style: Contemporary
Roof: Built-Up
Living Areas: Family Room
Dining Areas: Eat-In Kitchen
Dining Room: Area
Breakfast: Area
Kitchen Features: Electric Range
Bathroom Features: Shower & Tub/Primary
Laundry: Laundry Room
Extra Room: None
Floor Covering: Ceramic Tile
Window Covering: None
Technology: Cable TV
Main Cooling: Central Air
Main Heating: Electric; Forced Air
Water Heater: Electric
Gas: None
Sewer: Connected
Water: City Water
Accessibility Option: None
Security: None
Patio/Deck: None
Pool: None
Spa: None
Fence: Chain Link
Landscape - Front: Low Care
Landscape - Rear: Low Care
View: None
Road Type: Paved
RV Parking: Space Available
Exterior Feature: None
Lot Features: Subdivided
Neighborhood Features: None
Terms: Cash; Conventional; Owner Carry
Submit With Offer: Loan Pre-Qualifiaction
Property Disclosures: Seller Prop Disclosure
Special Conditions: None
Listing Office: Keller Williams Southern Arizona
Last Updated: March - 31 - 2022
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