1841 S Irving Avenue, Tucson, AZ 85711 (MLS# 22108140)

1841 S Irving Avenue, Tucson, AZ 85711

$1,575,000

Property Type: Commercial Square Footage: 15,808 Lot Size (sq. ft.): 87 Status: Closed

Current Price: $1,575,000 List Date: 3/29/2021 Last Modified: 12/13/2024

Overview

Description

A must see! Twenty 2 bed/1 bath 790 square foot units fully renovated with a modern look. Renovations did not end at cosmetic. Current owner replaced roof (all new plywood and up) No more swamp coolers here. All new Trane Central HVAC. New electrical panels were also installed. Property has been completely turned around since acquisition; perfect for any investor looking for easy and steady income.

Listing Details MLS# 22108140

Address Information

Street #: 1841
Direction: S
Street Name: Irving
Suffix: Avenue
State/Province: AZ
Zip Code: 85711
County: Pima
Country: USA

Location, Tax & Legal

Tax Code: 130-17-1840
Area: Central
Tax Year: 2020
Taxes: 7952
Assessments: 0
Legal Description: 001010010 /Alvernon Heights Resub 2 W150' Lot 22 Exc S150' Blk 3
Municipality/Zoning: Tucson - C2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No

General Property Information

Property Sub-Type: Apartment
Construction Status: Existing
# Units: 20
Multi-Tenant: Yes
Year Built: 1964
Lot Dimensions: 117'x112'x60'x159'x152'
Lot Acres: 0.44
Lot Sqft: 19166
Lot Size Source: Assessor
Combined SqFt: 15808
Source of SqFt: Assessor
List Price/SqFt: 106.28
Lot Size Price/SqFt: 87.66

Property Features

Property Features: Smoke Detector Construction: Slump Block Roof: Built-Up Fenced Storage: No Main Cooling: Central Air Main Heating: Electric; Forced Air Water Heater: Natural Gas Gas: Natural Sewer: Connected Water: Public Accessibility Option: Level Security: Security Lights Fence: Wrought Iron Landscape - Front: Decorative Gravel; Low Care; Trees Landscape - Rear: Low Care Road Type: Paved Parking: Free; Parking Lights; Private Parking Lot Features: Adjacent to Alley Business Location: Free Standing Bldg Traffic Count: Unknown Terms: Cash; Conventional Submit With Offer: Loan Pre-Qualifiaction; Proof of Funds Property Disclosures: Seller Prop Disclosure Special Conditions: None

Contract Information

Method of Title: Fee (Simple)
Short Sale: No

Status Change Info

Off Market Date: 2021-04-08
Pending Date: 2021-04-08
Sold Date: 2021-04-30
Sold Price/SqFt: 99.63
Lot Sz Sold Prc/SqFt: 82.18
Financing: Other

More Information

Showing Information

Directions: From I-10 head East on 22nd. When you reach Alvernon turn right heading south. From Alvernon you will turn left onto 29th heading East. Approximately a block down the property will be on your left the North side of the street.

Income

Gross Scheduled Rent: 13964
Net Opp Income: 9774.8

Analysis

Cap Rate %: 7

Apartment Unit Information

# of Units/2 BR: 20

Space Information

Ceiling Height: 8ft

Electric

Electric Company: TEP

Security

Other: security gates
Security Lights: Yes

Gas

Natural: Yes

Construction

Slump Block: Yes

Sewer

Connected: Yes

Roof

Built-Up: Yes

Water

Public: Yes

Property Features

Smoke Detector: Yes

Fence

Wrought Iron: Yes

Road Type

Paved: Yes

Fenced Storage

No: Yes

Lot Features

Adjacent to Alley: Yes

Main Cooling

Central Air: Yes

Main Heating

Electric: Yes
Forced Air: Yes

Water Heater

Natural Gas: Yes

Terms

Cash: Yes
Conventional: Yes

Submit With Offer

Loan Pre-Qualifiaction: Yes
Proof of Funds: Yes

Accessibility Option

Level: Yes

Sold Info

Seller Concessions: 0

Landscape - Front

Decorative Gravel: Yes
Low Care: Yes
Trees: Yes

Landscape - Rear

Low Care: Yes

Parking

Free: Yes
Parking Lights: Yes
Private Parking: Yes

Business Location

Free Standing Bldg: Yes

Traffic Count

Unknown: Yes

Property Disclosures

Seller Prop Disclosure: Yes

Special Conditions

None: Yes

Documents

Listing Office: Realty Executives Arizona Territory

Last Updated: December - 13 - 2024

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