1104 E 7Th Street, Tucson, AZ 85719

$1,350,000
Property Type: Multi-Family Square Footage: 5,795 Lot Size (sq. ft.): 14,810 Status: Closed
Current Price: $1,350,000 List Date: 12/04/2018 Last Modified: 12/11/2024

Overview

Description

AMAZING, student rental investment opportunity one block south of the University of Arizona! Leased through July 2020. Two units on large R-3 Lot. First house is an 8bd/3bth and second house is a 6bd/3bth. Never been vacant since remodel in 2010. Current management company will continue to manage if desired by new owner. Over $250,000 in renovations in 2010 including Brand new kitchens, bathrooms, electrical, drywall, appliances, flooring, pool, fencing, etc! Very desirable rental location with beautifully remodeled units! PLEASE DO NOT DISTURB TENANTS. One of the Members of the LLC is a licensed real estate broker in Arizona.

Listing Details MLS# 21831903

Address Information

Street #
1104
Direction
E
Street Name
7Th
Suffix
Street
State/Province
AZ
Zip Code
85719
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
124-06-0850
Area
Central
Subdivision
Buells

General Property Information

Dwelling Type
Duplex
Attached/Detached
Detached
Construction Status
Existing
Lot Dimensions
100 x 148
Lot Acres
0.34
Lot Sqft
14810
Lot Size Source
Assessor
Combined SqFt
5795
Year Built
1917
Total Parking
14
School District
TUSD
Elementary School
Blenman
Middle School
Mansfeld
High School
Tucson
Horse Property
No
Horse Facilities
No
List Price/SqFt
250.22
Lot Size Price/SqFt
97.91

Property Features

Construction: Frame - Stucco; Stone Style: Modern; Southwestern Roof: Rolled; Tile Living Areas: Family Room; Great Room; Living Room Dining Areas: Breakfast Bar Dining Room: Area Breakfast: Bar Kitchen Features: Breakfast Bar; Electric Range; Dishwasher; Disposal; Refrigerator Bathroom Features: Shower & Tub/Primary; Shower Only/Hall Laundry: Laundry Room; Dryer Included; Washer Included Extra Room: Storage Interior Features: Ceiling Fan(s); Fire Sprinkler System Floor Covering: Ceramic Tile; Wood Window Covering: Stay Technology: Alarm System; Cable TV; High Speed Internet Main Cooling: Zoned Main Heating: Electric; Forced Air; Natural Gas Water Heater: Electric; Natural Gas Gas: Natural Sewer: Connected Water: Public Accessibility Option: Door Levers Security: Security Lights; Window Bars Pool: Community Spa: None Fence: Block; Wrought Iron Landscape - Front: Low Care Landscape - Rear: Low Care View: Mountain(s) Road Type: Paved Exterior Feature: Courtyard Lot Features: Adjacent to Alley; Corner Lot; Subdivided Neighborhood Features: Sidewalks Terms: Cash; Conventional Property Disclosures: Lead Based Paint; Military Airport Vct; Public Airport Vcty; Unknown Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Distressed Info
None

Status Change Info

Off Market Date
2018-12-05
Pending Date
2018-12-31
Sold Date
2019-01-28
Sold Price/SqFt
232.96
Lot Sz Sold Prc/SqFt
91.15
How Sold
Conventional

More Information

Showing Information

Directions
From 6th and Euclid. East to Fremont. South to 7th street. Located on SE corner of Fremont and 7th.

Unit Info

# of Units/Other
2
Avg Mo Rent/Other
11900

Unit 1 Information

Monthly Rent
7600
# Beds
8
# Full Baths
3
SqFt
3716
Occupancy
No
Stories
Two
Floor
2nd
Furnished
No
Parking
On Property

Unit 2 Information

Monthly Rent
4300
# Beds
6
# Full Baths
3
SqFt
2079
Occupancy
No
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Analysis

Cap Rate %
7.35
Gross Rent Multi
9.23
Exp/SqFt
8.11
Exp % of Gross
32.14

Income

Gross Scheduled Rent
142800
Other Income
3500
Adjusted Gross
146300
Total Expenses
47022
Net Opp Income
99278

Expenses

Admin Expenses
325
Insurance
2023
Maintenance Supplies
21561
Management
14630
Taxes/Assessments
7691
Other Expenses
792
Figures Presented
Proforma

Kitchen Features

Pantry
Walk-In
Appliance Color
Black
Countertops
Corian
Microwave
Built in
Oven
Electric

Laundry

Other
Three Washers

Interior Features

Interior Steps
Yes

Electric

Electric Company
TEP

Utilities Paid

Cable TV
Tenant
Electric
Tenant
Gas
Tenant
Insurance
Owner
Landscaping
Owner
Pool/Spa Maintenance
Owner
Sewer
Tenant
Taxes
Owner
Trash
Tenant
Water
Tenant

Landscape - Rear

Other
Turf

Driveway

Paved
Asphalt

RV Parking

Other
None

Subdivision Restrict

Age Restrictions
No
Deed Restrictions
Yes
CC&Rs
No

Submit With Offer

Digital Signatures
Yes

Home Protection

Offered
No
IDX
Listing Office: Tucson Integrity Realty, LLC
Last Updated: December - 11 - 2024
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