$272,000
Tucson, AZ 85712
MLS# 21605598
Status: Closed
4000 sqft
1 / 8
Property Description
Rare hard to find beautifully maintained 5 unit complex! Four 2 bedroom 1 bath units, built in 1981, with central air conditioning, newer kitchens, remodeled bathrooms and private yards. Separately metered for gas & elec. Charming 1 bedroom house is connected to community laundry room with 2 landlord owned coin-op washers and dryers. Owner pays utilities on house. House built in 1953. Quiet location. Beautiful low water landscaping.
Details
Maps
Address Information
Country: USA
Street #: 1601
Direction: N
Street Name: Louis
Suffix: Lane
State/Province: AZ
Zip Code: 85712
County: Pima
Location, Tax & Legal
Tax Year: 2015
Taxes: 3629
Assessments: 0
Legal Description: Speedway No. 1 E72.5 of Lot 2 Exc S101.16' thereof Blk 14
Township: 14
Community: None
Range: 14
Section: 3
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
Tax Code: 122-13-238B
Area: Central
Subdivision: Speedway Addition NO. 1
Contract Information
Distressed Info: None
Current Price: $272,000
Sold Price: $272,000
Listing Date: 2016-02-22
Status: Closed
Status Change Info
Off Market Date: 2016-03-03
Sold Price/SqFt: 68
Lot Sz Sold Prc/SqFt: 18.87
How Sold: Conventional
Pending Date: 2016-05-11
Sold Date: 2016-05-11
Sold Price: $272,000
General Property Information
Lot Dimensions: 72.5x198.4
Lot Acres: 0.33
Lot Sqft: 14416
Lot Size Source: Assessor
List Price/SqFt: 67.13
Lot Size Price/SqFt: 18.63
Combined SqFt: 4000
Year Built: 1981
Showing Information
Directions: Pima/Alvernon east to Louis Lane, S on Louis Lane to address
Unit Info
Avg Mo Rent/Studios: 0
# of Units/1 BR: 1
Avg Mo Rent/1 BR: 590
# of Units/2 BR: 4
Avg Mo Rent/2 BR: 615
Avg Mo Rent/3 BR: 0
Avg Mo Rent/Other: 0
Income
Vacancy Loss: 600
Other Income: 760
Adjusted Gross: 36700
Total Expenses: 16923
Gross Scheduled Rent: 36540
Net Opp Income: 19777
Analysis
Gross Rent Multi: 7.41
Vacancy Rate %: 1.64
Exp/SqFt: 4.23
Exp % of Gross: 46.11
Cap Rate %: 7.27
Construction
Masonry Stucco: 1
Expenses
Admin Expenses: 545
Capital Expenses: 2400
Contract Services: 636
Figures Presented: Actual
Gas/Electric: 2300
Insurance: 1657
Maintenance Supplies: 2000
Management: 0
Resident Manager: 0
Taxes/Assessments: 3721
Water/Sewer: 2464
Other Expenses: 1200
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Central Air: 1
Main Heating
Forced Air: 1
Natural Gas: 1
Terms
Cash: 1
Conventional: 1
Security
None: 1
Property Disclosures
Unknown: 1
Miscellaneous
Master Water Meter: Yes
Package Available: Yes
Remarks Misc
Geo Lat: 32.242243
Geo Lon: -110.906573
Property Features
Construction: Masonry Stucco
Main Cooling: Central Air
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Security: None
Terms: Cash; Conventional
Property Disclosures: Unknown
Listing Office: Tierra Antigua Realty
Last Updated: September - 09 - 2026
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