$199,900
Tucson, AZ 85719
MLS# 21832346
Status: Closed
2117 sqft
1 / 17
Property Description
Amazing cash flow for the smart investor! 3 units - Front unit is a 3 bedroom 1 bath and is tenant occupied. Back duplex units are 1 bedroom 1 bath. CAP rate is 9.6% and rents could be raised. Seller is licensed to sell real estate in the State of Arizona.
Details
Maps
Address Information
Street #: 3841
Direction: N
Street Name: Park
Suffix: Avenue
State/Province: AZ
Zip Code: 85719
County: Pima
Country: USA
Location, Tax & Legal
Tax Code: 113-03-0370
Comparable Only Listing: No
Tax Year: 2018
Taxes: 1960.22
Taxes For: Dwelling & Land
Legal Description: CATALINA NO 2 E158' N78' S171' LOT 5
Area: Central
Subdivision: Catalina 2
Township: 13
Range: 14
Section: 30
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Community: None
Contract Information
Current Price: $185,000
List Price: $199,900
Listing Date: 2018-12-10
Status: Closed
Co-Op Fee: 3.00%
Method of Title: Fee (Simple)
Distressed Info: None
Status Change Info
Off Market Date: 2019-01-21
Pending Date: 2019-01-28
Sold Date: 2019-01-29
Sold Price: 185000
Sold Price/SqFt: 87.39
Lot Sz Sold Prc/SqFt: 15.89
How Sold: Cash
Showing Information
Directions: Park/Roger. S on Park to address for Unit A.
Back Duplex is accessed off mesquite Drive. South from address. West on Mesquite to first driveway/ally. North to duplex. Closest unit is unit B. Unit C is furthest unit.
DO NOT DISTURB CURRENT TENANTS.
General Property Information
Dwelling Type: 3 Plex
Attached/Detached: Detached
Construction Status: Existing
Lot Dimensions: unknown
Lot Acres: 0.27
Lot Sqft: 11640
Lot Size Source: Assessor
Combined SqFt: 2117
Year Built: 1953
Total Parking: 4
School District: Amphitheater
Elementary School: Holaway
Middle School: Amphitheater
High School: Amphitheater
Horse Property: No
Horse Facilities: No
List Price/SqFt: 94.43
Lot Size Price/SqFt: 17.17
Remarks & Misc
Geo Lat: 32.277002
Geo Lon: -110.957049
Unit Info
# of Units/1 BR: 2
# of Units/3 BR: 1
Unit 1 Information
Monthly Rent: 895
# Beds: 3
# Full Baths: 1
SqFt: 1120
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 2 Information
Monthly Rent: 425
# Beds: 1
# Full Baths: 1
SqFt: 450
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 3 Information
Monthly Rent: 425
# Beds: 1
# Full Baths: 1
SqFt: 450
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Analysis
Cap Rate %: 9.52
Gross Rent Multi: 8.83
Exp/SqFt: 1.57
Exp % of Gross: 15.89
Income
Gross Scheduled Rent: 20940
Adjusted Gross: 20940
Total Expenses: 3326.35
Net Opp Income: 17613.64
Expenses
Insurance: 800
Taxes/Assessments: 1926.36
Water/Sewer: 600
Figures Presented: Proforma
Kitchen Features
Appliance Color: White
Laundry
Other: Patio
Electric
Electric Company: TEP
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Sewer: Tenant
Taxes: Owner
Trash: Tenant
Water: Tenant
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: Yes
CC&Rs: No
Association & Fees
HOA: No
Submit With Offer
Seller Title Company: Stewart Title
Home Protection
Offered: No
Property Features
Construction: Masonry Stucco
Style: Contemporary
Roof: Built-Up
Living Areas: Living Room
Dining Areas: Dining in LR/GR
Dining Room: Area
Breakfast: None
Kitchen Features: Electric Range; Dishwasher; Freezer; Refrigerator
Bathroom Features: None
Extra Room: None
Interior Features: Dual Pane Windows
Floor Covering: Ceramic Tile; Concrete
Window Covering: Stay
Technology: Cable TV; High Speed Internet; Telephone
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Baseboard; Forced Air; Natural Gas
Water Heater: Electric
Gas: Natural
Sewer: Connected
Water: City Water
Accessibility Option: None
Security: None
Patio/Deck: Covered; Patio
Pool: None
Spa: None
Fence: Block; Chain Link
Landscape - Front: Low Care
Landscape - Rear: Low Care
View: None
Road Type: Paved
Driveway: Car(s) Pad
RV Parking: Space Available
Exterior Feature: None
Lot Features: East/West Exposure
Neighborhood Features: None
Terms: Cash
Submit With Offer: Proof of Funds
Property Disclosures: Lead Based Paint
Special Conditions: None
Listing Office: eXp Realty
Last Updated: July - 27 - 2022
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