$359,000
Tucson, AZ 85705
MLS# 22402489
1944 sqft
1 / 14
Property Description
Great opportunity for investors or homeowners looking to capitalize on the benefits of multi-unit living in a very sought after area of town. Due to it's location and livability, this property has the potential to deliver consistent rental income. Both units have new one year leases at $1,250.00 per month. Please do not walk the property as tenants have rights,
Details
Maps
Address Information
Street #: 224
Direction: W
Street Name: Laguna
Suffix: Street
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA
Location, Tax & Legal
Tax Code: 107-12-1670
Comparable Only Listing: No
Tax Year: 2023
Taxes: 1755.44
Taxes For: Dwelling & Land
Legal Description: CORONADO HEIGHTS E60' W 120' LOT 9 BLK 23
Area: Central
Subdivision: N/A
Township: 13
Range: 13
Section: 36
Municipality/Zoning: Tucson - R3
Fire Protection: Included in Taxes
FEMA Flood Zone: TBD
Municipal Flood Zone: TBD
Community: None
Contract Information
Current Price: $359,000
List Price: $359,000
Listing Date: 2024-01-01
Status: Active
Co-Op Fee: 2.5%
Method of Title: Fee (Simple)
Distressed Info: None
Showing Information
Directions: Oracle/Fort Lowell, East to Castro, South to Laguna, West to address
General Property Information
Dwelling Type: 2 Plex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: IRR
Lot Acres: 0.16
Lot Sqft: 7187
Lot Size Source: Assessor
Combined SqFt: 1944
Year Built: 2000
Total Parking: 2
School District: Amphitheater
Elementary School: Nash
Middle School: La Cima
High School: Amphitheater
Horse Property: No
Horse Facilities: No
List Price/SqFt: 184.67
Lot Size Price/SqFt: 49.95
Remarks & Misc
Geo Lat: 32.259642
Geo Lon: -110.974942
Unit 1 Information
Monthly Rent: 1250
# Beds: 2
# Full Baths: 1
# Half Baths: 1
SqFt: 972
Occupancy: No
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 2 Information
Monthly Rent: 1250
# Beds: 2
# Full Baths: 1
# Half Baths: 1
SqFt: 972
Occupancy: No
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Analysis
Cap Rate %: 7.23
Gross Rent Multi: 13.02
Exp/SqFt: 0.88
Exp % of Gross: 5.91
Income
Gross Scheduled Rent: 28800
Vacancy Loss: 0.05
Adjusted Gross: 28799.95
Total Expenses: 1702
Net Opp Income: 27097.95
Expenses
Taxes/Assessments: 1702
Figures Presented: Proforma
Style
Other: Multifamily
Interior Features
Interior Steps: No
Electric
Electric Company: TEP
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Sewer: Owner
Taxes: Owner
Trash: Tenant
Water: Owner
Driveway
Paved: Asphalt
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
Property Features
Construction: Wood Frame
Roof: Foam
Living Areas: Off Kitchen
Dining Areas: Dining in LR/GR
Dining Room: None
Breakfast: None
Kitchen Features: Electric Range; Dishwasher
Bathroom Features: Shower & Tub/Primary
Laundry: Laundry Closet
Extra Room: None
Floor Covering: Ceramic Tile
Window Covering: Stay
Technology: High Speed Internet
Main Cooling: Central Air
Main Heating: Electric
Water Heater: Electric
Gas: Natural
Sewer: Connected
Water: City Water
Accessibility Option: None
Security: None
Patio/Deck: None
Pool: None
Spa: None
Fence: Wood
Landscape - Front: None
Landscape - Rear: None
View: None
Road Type: Paved
Exterior Feature: None
Lot Features: East/West Exposure
Neighborhood Features: None
Terms: Cash; Conventional; Exchange
Submit With Offer: Lender Pre-Approval; Loan Status; Proof of Funds
Property Disclosures: Seller Prop Disclosure; Insurance Claims History Report
Special Conditions: None
Listing Office: ATLAS AZ, LLC
Last Updated: April - 29 - 2024
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