$489,000
Tucson, AZ 85705
MLS# 22411009
Status: Active Contingent
2472 sqft
1 / 4
Property Description
Great Location near 4th avenue and downtown Tucson. One block from 4th Ave, street car, groceries, restaurants, theaters, bar/clubs and pickle ball courts. Ride the street car to the Mercado, downtown, MSA Annex, U of A main gate and more.. Two 2 bedroom units in main building. One 1 bedroom in separate building. All 3 units share washer/dryer outside back patio. Add a little TLC to this property and it should appraise for around $550K. 848 N 3rd Ave is on same tax record. Allow 48 hours for trustee to respond. Limited SPDS and No Insurance letter. No showings without accepted contract. Do NOT Disturb Tenants. Tenant Leases are Month to Month. Trustee will look at all offers Tuesday AM May 7th.
Details
Maps
Documents
Address Information
Street #: 502
Direction: E
Street Name: 2nd
Suffix: Street
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA
Location, Tax & Legal
Tax Code: 117-03-0230
Tax Year: 2023
Taxes: 2429.75
Taxes For: Dwelling & Land
Legal Description: From Parcel:001010010 /Tucson Lot 6 Blk 24 (502 E Second)
Area: Central
Subdivision: City Of Tucson
Township: 14
Range: 13
Section: 12
Municipality/Zoning: Tucson - HR3
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Community: None
Contract Information
Current Price: $489,000
List Price: $489,000
Listing Date: 2024-05-02
Status: Active Contingent
Co-Op Fee: 3.0%
Method of Title: Fee (Simple)
Distressed Info: None
Status Change Info
Off Market Date: 2024-05-08
Showing Information
Directions: Speedway/Euclid, West to 3rd Ave,
South to 2nd St,
Property is on the corner of 3rd Ave and 2nd St
General Property Information
Dwelling Type: 3 Plex
Attached/Detached: Detached
Construction Status: Existing
Lot Dimensions: 63 x 130 x 63 x 130
Lot Acres: 0.19
Lot Sqft: 8407
Lot Size Source: Assessor
Combined SqFt: 2472
Year Built: 1937
School District: TUSD
Elementary School: Roskruge
Middle School: Roskruge Bilingual Magnet
High School: Tucson
Horse Property: No
Horse Facilities: No
List Price/SqFt: 197.82
Lot Size Price/SqFt: 58.17
Remarks & Misc
Geo Lat: 32.232678
Geo Lon: -110.963875
Unit Info
# of Units/1 BR: 1
Avg Mo Rent/1 BR: 450
# of Units/2 BR: 2
Avg Mo Rent/2 BR: 800
Unit 1 Information
Monthly Rent: 900
# Beds: 2
# Full Baths: 1
SqFt: 1039
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Street
Unit 2 Information
Monthly Rent: 750
# Beds: 2
# Full Baths: 1
SqFt: 991
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Street
Unit 3 Information
Monthly Rent: 450
# Beds: 1
# Full Baths: 1
SqFt: 756
Occupancy: Yes
Stories: Single
Furnished: No
Parking: On Street
Analysis
Cap Rate %: -0.07
Gross Rent Multi: 232.86
Exp/SqFt: 0.98
Exp % of Gross: 115.7
Income
Gross Scheduled Rent: 2100
Adjusted Gross: 2100
Total Expenses: 2429.75
Net Opp Income: -329.75
Expenses
Taxes/Assessments: 2429.75
Figures Presented: Proforma
Interior Features
Interior Steps: No
Electric
Electric Company: TEP
Security
Other: Iron Security Door
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Tenant
Sewer: Tenant
Taxes: Owner
Trash: Tenant
Water: Tenant
RV Parking
Other: No
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: No
CC&Rs: No
Association & Fees
HOA: No
Home Protection
Offered: No
Property Features
Construction: Stucco Finish
Style: Bungalow
Roof: Shingle
Living Areas: Great Room
Dining Areas: Dining in LR/GR
Dining Room: Area
Breakfast: None
Kitchen Features: Gas Range; Dishwasher
Bathroom Features: Shower & Tub/Primary
Laundry: Outside
Extra Room: None
Interior Features: Ceiling Fan(s)
Floor Covering: Carpet; Ceramic Tile; Wood
Window Covering: Some
Technology: Cable TV
Main Cooling: Central Air
Main Heating: Forced Air; Natural Gas
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: City Water
Accessibility Option: None
Patio/Deck: Covered
Pool: None
Spa: None
Fence: Wood
Landscape - Front: Low Care
Landscape - Rear: Low Care
View: Residential
Road Type: Paved
Driveway: None
Exterior Feature: None
Lot Features: Corner Lot
Neighborhood Features: Paved Street
Terms: Cash; Conventional
Submit With Offer: Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures: Lead Based Paint
Special Conditions: No Insurance Claims History Report; No SPDS
Offer Instructions Listing Office: RE/MAX Professionals
Last Updated: May - 15 - 2024
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