924 E 6th Street, Tucson, AZ 85719

$1,050,000
Property Type: Multi-Family Square Footage: 5,534 Lot Size (sq. ft.): 16,881 Status: Closed
Current Price: $1,050,000 List Date: 11/28/2018 Last Modified: 12/10/2024

Overview

Description

Price Reduced 4/29/2019! Listed at 10.25% Cap Rate. Gorgeously Remodeled Student Housing Group Home located across the Street from UofA Campus! Property leased through 7/2019! Property completely remodeled in Spring of 2011 with two new kitchens, 10 new bathrooms, all new hardwood and tile floors! Please view pictures and virtual tour. Serious investors only please. Amazing cashflow! Please do not disturb tenants or trespass onto property. Management company that has kept the property 100% leased from 7/2011 through current date is willing to stay on and manage the property.

Listing Details MLS# 21831374

Address Information

Street #
924
Direction
E
Street Name
6th
Suffix
Street
State/Province
AZ
Zip Code
85719
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
124-05-226B
Area
Central
Subdivision
Buells

General Property Information

Dwelling Type
Duplex
Attached/Detached
Attached
Construction Status
Existing
Lot Dimensions
96 X 175
Lot Acres
0.39
Lot Sqft
16881
Lot Size Source
Assessor
Combined SqFt
5534
Year Built
1938
Total Parking
14
School District
TUSD
Elementary School
Davidson
Middle School
Mansfeld
High School
Tucson
Horse Property
No
Horse Facilities
No
List Price/SqFt
234.91
Lot Size Price/SqFt
77.01

Property Features

Construction: Frame - Stucco; Masonry Stucco Style: Southwestern Roof: Built-Up - Reflect; Shingle Living Areas: Living Room Dining Areas: Dining in LR/GR Dining Room: Area Breakfast: Area Kitchen Features: Electric Range; Dishwasher; Disposal; Refrigerator Bathroom Features: Shower Only/Hall; Pedestal Sink(s) Laundry: Laundry Room Extra Room: None Interior Features: Ceiling Fan(s); Fire Sprinkler System; Smoke Detector Floor Covering: Carpet; Ceramic Tile Window Covering: Stay Window Features: Double Pane Windows Technology: Cable TV; High Speed Internet; Telephone Main Cooling: Zoned Main Heating: Forced Air; Natural Gas Water Heater: Natural Gas Gas: Natural Sewer: Connected Water: Public Accessibility Option: Door Levers; Entry; Other Bath Modification; Ramped Main Level; Roll-In Shower; Wide Doorways; Wide Hallways Security: Security Lights; Window Bars Pool: Community Spa: None Fence: Block; Wrought Iron Landscape - Front: Decorative Gravel; Graded; Low Care Landscape - Rear: Decorative Gravel; Low Care; Trees View: Mountain(s) Road Type: Paved Exterior Feature: Courtyard; Kennel/Dog Run; Shed(s) Lot Features: Adjacent to Alley; North/South Exposure; Subdivided Neighborhood Features: Pool; Sidewalks Terms: Cash; Conventional; Exchange Submit With Offer: Income Property Addendum; Proof of Funds Property Disclosures: Floor Plan; Lead Based Paint; Unknown Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Distressed Info
None

Status Change Info

Off Market Date
2019-05-16
Pending Date
2019-07-26
Sold Date
2019-08-06
Sold Price/SqFt
189.74
Lot Sz Sold Prc/SqFt
62.2
How Sold
Conventional

More Information

Showing Information

Directions
From Speedway and Euclid. South to 6th Street. East to address. Access to Parking lot off of back alley.

Unit 1 Information

Monthly Rent
3600
# Beds
4
# Full Baths
2
SqFt
1360
Occupancy
Yes
Stories
Multi
Floor
1st
Furnished
No
Parking
On Property

Unit 2 Information

Monthly Rent
11700
# Beds
13
# Full Baths
8
SqFt
4100
Occupancy
Yes
Stories
Two
Floor
1st
Furnished
No
Parking
On Property

Analysis

Cap Rate %
12.8
Gross Rent Multi
5.59
Exp/SqFt
9.66
Exp % of Gross
28.45

Income

Gross Scheduled Rent
183600
Other Income
4250
Adjusted Gross
187850
Total Expenses
53436
Net Opp Income
134414

Expenses

Admin Expenses
728
Insurance
7564
Maintenance Supplies
18619
Management
18360
Taxes/Assessments
8165
Figures Presented
Proforma

Living Areas

Other
Study Hall

Kitchen Features

Countertops
Corian
Microwave
Built In
Oven
Electric

Bathroom Features

Countertops/Hall
Some

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

Driveway

Paved
Asphalt

RV Parking

Other
NA

Subdivision Restrict

Age Restrictions
No
Deed Restrictions
Yes
CC&Rs
Yes

Submit With Offer

Digital Signatures
Yes

Home Protection

Offered
No
IDX
Listing Office: Tucson Integrity Realty, LLC
Last Updated: December - 10 - 2024
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