409 E Thoroughbred Street, Tucson, AZ 85706 (MLS# 21931393)


$279,000
409 E Thoroughbred Street
Tucson, AZ 85706
MLS# 21931393
Status: Closed
3290 sqft


409 E Thoroughbred Street, Tucson, AZ 85706
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409 E Thoroughbred Street, Tucson, AZ 85706 409 E Thoroughbred Street, Tucson, AZ 85706 409 E Thoroughbred Street, Tucson, AZ 85706

Property Description
This 4 plex property was recently renovated and is very turn key. It is also in an area with quickly increasing rents, thus making it perfect for an out of area investor. This is in a very attractive area to renters with a major park close by to it and with quick access to the I-10, I-19, downtown, shopping and dining. It's major systems were upgraded including new AC's, roof, as well as plumbing and electrical system. It was also given upgraded interiors such as new flooring, paint and stackable washer / dryers to help increase possible rents received. The units can now rent out for $775-800 given the improvements made plus with stackable washer and dryers added. All are 2/1's at about 773/sq. ft. each, with private front patios.

Details
Maps
Address Information
Street #: 409
Direction: E
Street Name: Thoroughbred
Suffix: Street
State/Province: AZ
Zip Code: 85706
County: Pima
Country: USA
Location, Tax & Legal
Tax Code: 137-02-007A
Tax Year: 2018
Taxes: 1464.2
Taxes For: Dwelling & Land
Legal Description: RODEO INDUSTRIAL PARK E86.02' LOT 7
Area: South
Subdivision: Rodeo Industrial Park
Township: 15
Range: 13
Section: 1
Municipality/Zoning: Tucson - O3
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Community: None
Contract Information
Current Price: $261,000
List Price: $279,000
Listing Date: 2019-12-12
Method of Title: Fee (Simple)
Distressed Info: None
Status Change Info
Status: Closed
Pending Date: 2020-02-11
Sold Date: 2020-02-12
Sold Price: 261000
Sold Price/SqFt: 79.33
Lot Sz Sold Prc/SqFt: 29.96
How Sold: Conventional
Showing Information
Directions: Irvington To 6th Ave South To Thoroughbred East To Address
General Property Information
Dwelling Type: 4 Plex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: Unknown
Lot Acres: 0.2
Lot Sqft: 8712
Lot Size Source: Assessor
Combined SqFt: 3290
Year Built: 1985
School District: Sunnyside
Elementary School: Drexel
Middle School: Apollo
High School: Sunnyside
Horse Property: No
Horse Facilities: No
List Price/SqFt: 84.8
Lot Size Price/SqFt: 32.02
Remarks & Misc
Geo Lat: 32.159864
Geo Lon: -110.962346
Unit 1 Information
Monthly Rent: 725
# Beds: 2
# Full Baths: 1
SqFt: 763
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 2 Information
Monthly Rent: 775
# Beds: 2
# Full Baths: 1
SqFt: 763
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 3 Information
Monthly Rent: 725
# Beds: 2
# Full Baths: 1
Unit 4 Information
Monthly Rent: 685
# Beds: 2
# Full Baths: 1
Analysis
Cap Rate %: 9.64
Gross Rent Multi: 7.47
Exp/SqFt: 2.96
Exp % of Gross: 27.92
Income
Gross Scheduled Rent: 34920
Adjusted Gross: 34920
Total Expenses: 9748
Net Opp Income: 25172
Expenses
Insurance: 1284
Management: 2400
Taxes/Assessments: 1464
Water/Sewer: 3600
Other Expenses: 1000
Figures Presented: Proforma
Roof
Other: Unknown
Interior Features
Interior Steps: No
Electric
Electric Company: TEP
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Sewer: Tenant
Taxes: Owner
Trash: Owner
Water: Tenant
RV Parking
Other: None
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: Yes
CC&Rs: No
Association & Fees
HOA: No
Submit With Offer
Digital Signatures: Yes
Home Protection
Offered: No
Sold Info
Seller Concessions: 2500
Property Features
Construction: Frame
Style: Contemporary
Living Areas: Living Room
Dining Areas: Eat-In Kitchen
Dining Room: None
Breakfast: None
Kitchen Features: Refrigerator
Bathroom Features: None
Laundry: None
Extra Room: None
Floor Covering: Ceramic Tile
Window Covering: Stay
Technology: Cable TV; High Speed Internet
Main Cooling: Evap Central
Main Heating: Forced Air - Gas
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: City Water
Accessibility Option: None
Security: None
Patio/Deck: Patio
Pool: None
Spa: None
Fence: Stucco Finish
Landscape - Front: Low Care
Landscape - Rear: Low Care
View: None
Road Type: Paved
Driveway: None
Exterior Feature: None
Lot Features: Subdivided Lots
Neighborhood Features: None
Terms: Cash; Conventional; Submit All
Submit With Offer: Income Property Addendum; Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures: Public Airport Vcty
Special Conditions: None

Listing Office: Keller Williams Southern Arizona

Last Updated: February - 13 - 2020

Information deemed reliable but not guaranteed.

Monday 24th of February 2020 05:27 AM

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