$595,000
Tucson, AZ 85701
MLS# 22411446
1712 sqft
1 / 27
Property Description
Two detached homes on One lot in downtown historic neighborhood. There is a shared backyard and parking is on-street. Home #531. 1075 sqft Zoned AC/Heat, 2 flex-use rooms, washer hookup in the laundry room, secluded patio, covered front porch, recently painted exterior, updated sewer and water lines. Currently leased at $1295/mo until 2/28/25. Home #529, 637 sqft, Central AC/forced air heat, washer hookup on covered back porch, recently painted exterior, updated sewer and water lines, on-street parking. Currently leased at $995/mo until 3/31/2025 Both homes offer different amenities and rental rates providing varied investment strategies. If you are interested in viewing the properties, showings can be scheduled upon accepted offer.
Details
Maps
Documents
Address Information
Street #: 531
Direction: S
Street Name: Main
Suffix: Avenue
State/Province: AZ
Zip Code: 85701
County: Pima
Country: USA
Location, Tax & Legal
Tax Code: 117-14-3150
Comparable Only Listing: No
Tax Year: 2023
Taxes: 1761.26
Taxes For: Dwelling & Land
Legal Description: From Parcel:001010010 /Tucson Lot 4 Blk 242
Area: Central
Subdivision: City Of Tucson
Township: 14
Range: 13
Section: 13
Municipality/Zoning: Tucson - HO3
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Community: None
Contract Information
Current Price: $595,000
List Price: $595,000
Listing Date: 2024-05-07
Status: Active
Co-Op Fee: 2.5%
Method of Title: Fee (Simple)
Distressed Info: None
Showing Information
Directions: From Broadway/Stone go South to Cushing West to Main Ave South to address
General Property Information
Dwelling Type: 2 Plex
Attached/Detached: Detached
Construction Status: Existing
Lot Dimensions: 42 x78 x44 x80
Lot Acres: 0.76
Lot Sqft: 3311
Lot Size Source: Assessor
Combined SqFt: 1712
Year Built: 1920
School District: TUSD
Elementary School: Carrillo
Middle School: Drachman
High School: Tucson
Horse Property: No
Horse Facilities: No
List Price/SqFt: 347.55
Lot Size Price/SqFt: 179.7
Remarks & Misc
Geo Lat: 32.214509
Geo Lon: -110.974034
Unit Info
# of Units/1 BR: 2
Avg Mo Rent/1 BR: 1145
Unit 1 Information
Monthly Rent: 1295
# Beds: 1
# Full Baths: 1
SqFt: 1075
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Street
Unit 2 Information
Monthly Rent: 995
# Beds: 1
# Full Baths: 1
SqFt: 637
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Street
Analysis
Cap Rate %: 3.74
Gross Rent Multi: 21.65
Exp/SqFt: 3.05
Exp % of Gross: 19.02
Income
Gross Scheduled Rent: 27480
Adjusted Gross: 27480
Total Expenses: 5228
Net Opp Income: 22252
Expenses
Gas/Electric: 352
Insurance: 961
Management: 1008
Taxes/Assessments: 1764
Water/Sewer: 1143
Figures Presented: Proforma
Kitchen Features
Appliance Color: White
Countertops: Laminate
Extra Room
Other: 2 extra rooms
Floor Covering
Other: Laminate
Main Cooling
Other: mini-split
Electric
Electric Company: TEP
Security
Other: Front security doors
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Landscaping: Owner
Sewer: Owner
Taxes: Owner
Trash: Owner
Water: Owner
RV Parking
Other: None
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: No
CC&Rs: No
Association & Fees
HOA: No
Home Protection
Offered: No
Property Features
Construction: Mud Adobe; Stucco Finish
Style: Pueblo
Roof: Built-Up; Metal
Living Areas: Living Room
Dining Areas: Eat-In Kitchen
Dining Room: None
Breakfast: None
Kitchen Features: Gas Range; Refrigerator
Bathroom Features: Shower & Tub/Primary; Shower Only/Hall
Laundry: Laundry Room; Outside
Interior Features: Ceiling Fan(s); Smoke Detector
Window Covering: Stay
Technology: High Speed Internet
Main Cooling: Central Air; Zoned
Main Heating: Electric; Natural Gas; Zoned
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: City Water
Accessibility Option: None
Patio/Deck: Patio
Pool: None
Spa: None
Fence: Block; Wrought Iron
Landscape - Front: Decorative Gravel; None
Landscape - Rear: Decorative Gravel; Low Care
View: None
Road Type: Paved
Driveway: None
Exterior Feature: None
Lot Features: East/West Exposure
Neighborhood Features: Historic; Paved Street
Terms: Cash; Conventional; FHA Loan
Submit With Offer: Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures: Lead Based Paint; Leases; Military Airport Vct; Public Airport Vcty; Insurance Claims History Report
Special Conditions: None
Lead Paint Discl Listing Office: Northpoint Asset Management
Last Updated: May - 08 - 2024
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