4046 E Fairmount, Tucson, AZ 85712

$1,500,000
Property Type: Multi-Family Square Footage: 13,440 Lot Size (sq. ft.): 47 Status: Closed
Current Price: $1,500,000 List Date: 3/21/2005 Last Modified: 10/26/2024

Overview

Description

Beautiful 3-yr old units + individual metering for water, gas + elec. = low expenses. All 3BR, 2BA w/ceramic tile floors in all areas except bedrooms, washer + dryer hookups, balconies or covered porches, ceiling fans in all BRs, gas furnace + AC units + covered parking. Gross scheduled rents based on Rent Roll. Do Not Talk to or disturb tenants. 3 separate parcels for better financing includes 4038 + 4042 E Fairmount.

Listing Details MLS# 2507397

Address Information

Street #
4046
Direction
E
Street Name
Fairmount
State/Province
AZ
Zip Code
85712
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
122-13-100A
Area
Central
Subdivision
Speedway Addition NO. 1
Tax Year
2004
Taxes
10158
Assessments
0
Legal Description
Speedway No 1 (Long legal - multiple parcels)
Township
14
Community
None
Range
14
Section
3
Municipality/Zoning
Tucson - R2
Fire Protection
Included in Taxes

General Property Information

Dwelling Type
Quadruplex
Lot Dimensions
120 x 293
Lot Acres
0.81
Lot Sqft
35100
Lot Size Source
Assessor
Combined SqFt
13440
Year Built
2002
List Price/SqFt
122.77
Lot Size Price/SqFt
47

Property Features

Construction: Frame - Stucco Main Cooling: Central Air Main Heating: Forced Air; Natural Gas Sewer: Connected Water: Public Security: None Terms: Conventional Property Disclosures: Military Airport Vct Sold Info: Financing

Status Change Info

Off Market Date
2005-05-12
Pending Date
2005-05-04
Sold Date
2005-05-12
Sold Price/SqFt
111.6
Lot Sz Sold Prc/SqFt
42.73
How Sold
Conventional

More Information

Showing Information

Directions
N- on Alvernon from Speedway E- Fairmount

Unit Info

# of Units/3 BR
12
Avg Mo Rent/3 BR
869

Analysis

Cap Rate %
5.59
Gross Rent Multi
13.64
Exp/SqFt
2.12
Exp % of Gross
23.62

Income

Gross Scheduled Rent
120900
Adjusted Gross
120900
Total Expenses
28559
Net Opp Income
92341

Expenses

Contract Services
1119
Gas/Electric
1212
Insurance
3942
Maintenance Supplies
7001
Taxes/Assessments
10113
Water/Sewer
621
Other Expenses
4551

Interior Features

Interior Steps
No

Sold Info

Seller Paid Repairs
1650
Financing
Yes

Miscellaneous

Master Elec Meter
No
Master Gas Meter
No
Master Water Meter
No
Package Available
Yes

Construction

Frame - Stucco
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Central Air
Yes

Main Heating

Forced Air
Yes
Natural Gas
Yes

Terms

Conventional
Yes

Security

None
Yes

Property Disclosures

Military Airport Vct
Yes
Listing Office: Schulte Company
IDX
Last Updated: October - 26 - 2024
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