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4715 E 1st Street

Tucson, AZ 85711
  • $529,000
  • STATUS: Active Under Contract
  • ID#: 6297205
Under Contract
UPDATED: 40 min ago
$529,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1959
County:
Area:

School Ratings & Info

School District:

Description

Tremendous value add opportunity!!! Well located six unit apartment complex near Speedway & Swan roads. This offering includes the six unit property & two vacant adjacent lots to the east. Both lots are zoned R-2 1/4 acre each . (Parcel numbers: 127-05-0820 & 127-05-0830). The six unit property is comprised of three duplexes, all 1/1 floor plans, surrounding a center court yard with excessive off street parking. Two of the duplexes have had many upgrades with the third duplex vacant and in need of remodeling. Four existing tenants are month to month and paying below market rents. Seller may consider selling the six unit property separately from the adjacent lots. Do not enter the property without an appointment with the listing agent. Additional info under the documents Tab.

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© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Luxury Group - Realty Executives Arizona Properties. Data last updated 2021-10-17T23:18:13.237.
www.luxurygroupaz.com/homes/121688509
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4715 E 1st Street Tucson, AZ 85711

  • Price: $529,000
  • Status: Active Under Contract
  • Updated: 40 min ago
  • ID#: 6297205
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1959
Built
County:
Pima
Area:
Tucson
School District:
000 - Out of Area
Property Description
Tremendous value add opportunity!!! Well located six unit apartment complex near Speedway & Swan roads. This offering includes the six unit property & two vacant adjacent lots to the east. Both lots are zoned R-2 1/4 acre each . (Parcel numbers: 127-05-0820 & 127-05-0830). The six unit property is comprised of three duplexes, all 1/1 floor plans, surrounding a center court yard with excessive off street parking. Two of the duplexes have had many upgrades with the third duplex vacant and in need of remodeling. Four existing tenants are month to month and paying below market rents. Seller may consider selling the six unit property separately from the adjacent lots. Do not enter the property without an appointment with the listing agent. Additional info under the documents Tab.
Exterior Features

Construction Brick Construction Finish Other (See Remarks) Covered Parking Spaces 10.00 Exterior Amenities Desert Landscaping Lot Size Dimensions 136' X 161' Parking >1 Space Per UnitPaved Parking Roads Asphalt Roofing Built-Up

Interior Features

1 Bedroom Unit Avg Sq Ft 612 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeOther (See Remarks)Refrigerator Cooling Ceiling Fan(S)Central A/CEvaporative CoolingOther Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic TileVinyl Heating Natural GasOther Interior Amenities Unfurnished

Property Features

1 Bedroom Unit Avg Rent 525.00 1 Bedroom Units 6 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 55860.00 Annual Ins Exp 2000.00 Annual Maint Exp 3900.00 Annual Mgmt Exp 4468.00 Annual Ownr Asoc Fee 0.00 Community Amenities No Pool Cross Street Swan Rd & Speedway Blvd Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric City Electric Gas City Gas Gross Annual Sch Inc 58800.00 Hoa YN No Net Operating Income 38839.00 New Financing Conventional Operating Exp 12221.00 Other Income 0.00 Owner Pays Other Project Type 5 - 12 Units Sale Includes Land & Building Sewer Septic in & Cnctd Source Of Financial Data Projected Proforma Tax Municipality Tucson Taxes 1853.00 Tenant Pays Other (See Remarks) UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.05 Water City Franchise Zoning R2

Listing courtesy of S.J. Fowler Real Estate, Inc..


© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Luxury Group - Realty Executives Arizona Properties. Data last updated 2021-10-17T23:18:13.237.
 
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Luxury Group - Realty Executives Arizona Properties
6760 N Oracle Rd Suite 130
Tucson AZ, 85704