$680,000
Tucson, AZ 85713
MLS# 22410589
1512 sqft
1 / 40
Property Description
Six Studio apartments in the City of South Tucson,. All units individually metered with water and electric meters. large lot to the South is also include in the sale.
Details
Maps
Documents
Address Information
Street #: 120
Direction: E
Street Name: 34Th
Suffix: Street
State/Province: AZ
Zip Code: 85713
County: Pima
Country: USA
Location, Tax & Legal
Tax Code: 118-25-2640
Tax Year: 2023
Taxes: 960.49
Taxes For: Building & Land
Legal Description: From Parcel:001010010 /Home No 2 W45.5' Of Lot 5 Blk 18
Area: South
Development Name: Home Addition
Municipality/Zoning: South Tucson - SR2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Contract Information
Current Price: $680,000
List Price: $680,000
Listing Date: 2024-04-28
Status: Active
Co-Op Fee: 3%
Variable Commission: 1
Method of Title: Fee (Simple)
Short Sale: No
Showing Information
Directions: From 22nd and 6th Ave, go South to 34th Street and East to address.
General Property Information
Dwelling Type: Apartment
Construction Status: Existing
# Units: 6
Total Parking: 10
Multi-Tenant: Yes
Year Built: 1948
Lot Dimensions: 45 X 149 X 44 X 149
Lot Acres: 0.15
Lot Sqft: 6578
Lot Size Source: Assessor
Combined SqFt: 1512
Source of SqFt: Assessor
List Price/SqFt: 449.74
Lot Size Price/SqFt: 103.37
Remarks & Misc
Geo Lat: 32.19436
Geo Lon: -110.967526
Income
Gross Scheduled Rent: 57240
Vacancy Loss: 3042
Other Income: 3600
Adjusted Gross: 57798
Total Expenses: 10256
Net Opp Income: 47542
Analysis
Cap Rate %: 6.99
Gross Rent Multi: 11.77
Vacancy Rate %: 5.31
Exp/SqFt: 6.78
Exp % of Gross: 17.74
Expenses
Admin Expenses: 850
Captial Expenses: 1200
CAM Fee/Mo: 1912
Contract Services: 1848
Figures Presented: Proforma
Gas/Electric: 425
Insurance: 1215
Maintenance Supplies: 850
Management: 1800
Taxes/Assessments: 961
Water/Sewer: 360
Other Expenses: 747
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/Studios: 6
Avg Mo Rent/Studios: 795
# of Units/Other: 1
Avg Mo Rent/Other: 300
Space Information
Door Height: 8 ft
Door Width: 3ft
Electric
Electric Company: TEP
Amps: 100
Property Features
Property Features: Smoke Detector
Construction: Brick
Roof: Built-Up; Metal; Rolled
Fenced Storage: Yes
Main Cooling: Window Unit(s)
Main Heating: Electric
Water Heater: Electric
Gas: None
Accessibility Option: None
Security: Window Bars
Fence: Chain Link
Landscape - Front: Low Care
Landscape - Rear: None
Road Type: Paved
Parking: Paved Parking
Lot Features: Adjacent to Alley; Corner Lot; East/West Exposure; Subdivided
Business Location: Free Standing Bldg
Freeway/Highway: 1.1 - 2 Miles
Traffic Count: 100,001 to 120,000
Terms: Cash; Conventional; Submit
Possession: Immediate
Submit With Offer: Income Property Addendum; Loan Pre-Qualifiaction; Proof of Funds; Written Lender Approval
Property Disclosures: Lead Based Paint; Seller Prop Disclosure
Special Conditions: None
Restrictions: Deed
Lead Paint Discl Listing Office: eXp Realty
Last Updated: April - 28 - 2024
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