222-236 W Roger Road, Tucson, AZ 85705 (MLS# 22309317)

222-236 W Roger Road, Tucson, AZ 85705

$1,900,000

Property Type: Multi-Family Square Footage: 3,638 Lot Size (sq. ft.): 45 Status: Closed

Current Price: $1,900,000 List Date: 8/25/2023 Last Modified: 12/22/2024

Overview

Description

FULLY OCCUPIED!! NO HOA!! Four parcels, each with a 4-plex (16 units). 236 is zoned O-3, 222, 228, and 230 are R-2. Great Rental Units only 1/2 Block from Oracle. Bus Lines, Shopping, Employment. Tucson Mall Easy Walking Distance. 8 Units have new A/C!! Tenants Pay: Electric, Water, Sewer Value add opportunity! See attachments;

Supplements: 05.22.23 update: Owner is receiving bids for replacing the roof on one of the building's.

Listing Details MLS# 22309317

Address Information

Street #: 222-236
Direction: W
Street Name: Roger
Suffix: Road
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA

Location, Tax & Legal

Tax Code: 105-12-036J
Area: Central
Subdivision: Unsubdivided
Comparable Only Listing: No
Tax Year: 2022
Taxes: 12000
Assessments: 0
Taxes For: Dwelling & Land
Legal Description: 10512036J,10512035G.10512035H,10512034H
Township: 13
Community: None
Range: 13
Section: 24
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No

General Property Information

Dwelling Type: Quadruplex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: Irreg long legal
Lot Acres: 1.01
Lot Sqft: 43895
Lot Size Source: Assessor
Combined SqFt: 3638
Year Built: 2000
Total Parking: 16
School District: Pima Unified
Elementary School: Pima
Middle School: Pima Junior High
High School: Pima High School
Horse Property: No
Horse Facilities: No
List Price/SqFt: 548.38
Lot Size Price/SqFt: 45.45

Property Features

Construction: Frame - Stucco Style: Ranch Roof: Shingle Living Areas: Living Room; Off Kitchen Dining Areas: Dining in LR/GR Dining Room: Area Breakfast: None Kitchen Features: Dishwasher; Disposal; Refrigerator Bathroom Features: Shower & Tub/Primary; Shower & Tub/Hall Extra Room: None Interior Features: Ceiling Fan(s); Smoke Detector Floor Covering: Ceramic Tile Window Covering: Some Technology: Cable TV Main Cooling: Heat Pump Main Heating: Electric Water Heater: Electric Gas: None Sewer: Connected Water: Public Accessibility Option: None Security: None Pool: None Spa: None Fence: None Landscape - Front: Low Care Landscape - Rear: None View: None Road Type: Paved Road Maintenance: None Driveway: None Exterior Feature: None Lot Features: East/West Exposure Neighborhood Features: None Terms: Cash; Conventional; Exchange Submit With Offer: Lender Pre-Approval; Proof of Funds Property Disclosures: Seller Prop Disclosure Special Conditions: None

Contract Information

Method of Title: Fee (Simple)
Distressed Info: None

Status Change Info

Off Market Date: 2023-08-25
Pending Date: 2023-08-24
Sold Date: 2023-09-01
Sold Price/SqFt: 522.26
Lot Sz Sold Prc/SqFt: 43.29
How Sold: Exchange

More Information

Showing Information

Directions: From Oracle, East on Roger to units on north.

Unit Info

# of Units/2 BR: 4
Avg Mo Rent/2 BR: 749
# of Units/3 BR: 4
Avg Mo Rent/3 BR: 875

Unit 1 Information

Monthly Rent: 3169
# Beds: 10
# Full Baths: 8
SqFt: 3800
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property

Unit 2 Information

Monthly Rent: 3610
# Beds: 10
# Full Baths: 8
SqFt: 3300
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property

Unit 3 Information

Monthly Rent: 3200
# Beds: 10
# Full Baths: 8
Occupancy: Yes
Stories: Single
Furnished: No
Parking: On Property

Unit 4 Information

Monthly Rent: 3000
# Beds: 10
# Full Baths: 8
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property

Analysis

Cap Rate %: 5.28
Gross Rent Multi: 12.2
Exp/SqFt: 15.24
Exp % of Gross: 35.59
Vacancy Rate %: 0

Income

Gross Scheduled Rent: 155748
Adjusted Gross: 155748
Total Expenses: 55434
Net Opp Income: 100314
Vacancy Loss: 0
Other Income: 0

Expenses

Capital Expenses: 35095
Contract Services: 420
Gas/Electric: 527
Insurance: 2210
Maintenance Supplies: 4490
Management: 11236
Taxes/Assessments: 1132
Water/Sewer: 324
Figures Presented: Actual
Admin Expenses: 0
Resident Manager: 0
Other Expenses: 0

Laundry

Other: Hook-ups

Electric

Electric Company: Tucson Electric Powe

Utilities Paid

Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Sewer: Tenant
Taxes: Owner
Trash: Tenant
Water: Tenant

RV Parking

Other: none

Subdivision Restrict

Age Restrictions: No
Deed Restrictions: No
CC&Rs: No

Home Protection

Offered: No

Sold Info

Down Payment: 30000
Seller Concessions: 30000

Gas

None: Yes

Construction

Frame - Stucco: Yes

Style

Ranch: Yes

Sewer

Connected: Yes

Roof

Shingle: Yes

Water

Public: Yes

Living Areas

Living Room: Yes
Off Kitchen: Yes

Dining Areas

Dining in LR/GR: Yes

Fence

None: Yes

Dining Room

Area: Yes

View

None: Yes

Breakfast

None: Yes

Road Type

Paved: Yes

Kitchen Features

Dishwasher: Yes
Disposal: Yes
Refrigerator: Yes

Road Maintenance

None: Yes

Lot Features

East/West Exposure: Yes

Main Cooling

Heat Pump: Yes

Neighborhood Features

None: Yes

Main Heating

Electric: Yes

Extra Room

None: Yes

Water Heater

Electric: Yes

Association & Fees

HOA: No

Interior Features

Ceiling Fan(s): Yes
Smoke Detector: Yes

Bathroom Features

Shower & Tub/Primary: Yes
Shower & Tub/Hall: Yes

Terms

Cash: Yes
Conventional: Yes
Exchange: Yes

Floor Covering

Ceramic Tile: Yes

Submit With Offer

Lender Pre-Approval: Yes
Proof of Funds: Yes

Window Covering

Some: Yes

Accessibility Option

None: Yes

Technology

Cable TV: Yes

Security

None: Yes

Landscape - Front

Low Care: Yes

Landscape - Rear

None: Yes

Patio/Deck

None: Yes

Pool

None: Yes

Property Disclosures

Seller Prop Disclosure: Yes

Spa

None: Yes

Special Conditions

None: Yes

Driveway

None: Yes

Exterior Feature

None: Yes

Documents

Roger Road Rent Roll ›

Roger Plaza ›

Property Map ›

Listing Office: Fort Lowell Realty & Property Management, Inc

Last Updated: December - 22 - 2024

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