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    807-827 N 7th Avenue

    Tucson, AZ 85705
    • $850,000
    • STATUS: Active Under Contract
    • ID#: 22106474
    Under Contract
    UPDATED: 43 min ago
    $850,000
    • 6
      BEDS
    • 0.42
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 4,901
      SQFT
    • $173
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1906
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Courtesy of Righteous Realty Company.

    Description

    Historic Tudor Revival style property in the iconic West University neighborhood. The Vail House estate is currently an income-generating 7 unit property (4 unit house and a tri-plex on separate tax codes). The property boasts refinished hardwood floors, original wood trim, antique light fixtures, historic tile in the original kitchen, large bay window, two front porches, and is bursting with potential. The property could easily be converted back to its original grandeur, utilize as a standard B&B or AirBNB, or simply raise rents (rental rates are soaring in Tucson) and enjoy the cash flow. The lot is large enough to build an additional 4-plex or SFR. Triplex rents are (2) 1br/1ba at $775 and (1) Studio/1ba at $700. **SELLER FINANCING available with 30% down.

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    Listing information Copyright 2021 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2021-04-22T10:07:06.153.
    The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Luxury Group - Realty Executives Arizona Properties are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
    www.luxurygroupaz.com/homes/114998218
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    807-827 N 7th Avenue Tucson, AZ 85705

    • Price: $850,000
    • Status: Active Under Contract
    • Updated: 43 min ago
    • ID#: 22106474
    6
    Beds
    4
    Baths
    0
    ½ Baths
    0.42
    Acres
    4,901
    SQFT
    $173
    $/SQFT
    1906
    Built
    Neighborhood:
    C.O.T. Resub
    County:
    Pima
    Area:
    Central
    Elementary School:
    Davis Bilingual Magnet
    Middle School:
    Roskruge Bilingual Magnet
    High School:
    Tucson
    School District:
    TUSD
    Property Description
    Historic Tudor Revival style property in the iconic West University neighborhood. The Vail House estate is currently an income-generating 7 unit property (4 unit house and a tri-plex on separate tax codes). The property boasts refinished hardwood floors, original wood trim, antique light fixtures, historic tile in the original kitchen, large bay window, two front porches, and is bursting with potential. The property could easily be converted back to its original grandeur, utilize as a standard B&B or AirBNB, or simply raise rents (rental rates are soaring in Tucson) and enjoy the cash flow. The lot is large enough to build an additional 4-plex or SFR. Triplex rents are (2) 1br/1ba at $775 and (1) Studio/1ba at $700. **SELLER FINANCING available with 30% down.
    Exterior Features

    Construction Masonry Stucco Exterior Feature None Landscape Front Desert PlantingsLow Care Landscape Rear Desert PlantingsLow Care Patio Deck None Pool None Road Type Paved Roof Shingle Rv Parking Space Available Spa None Unit1 Information Parking On Property Unit2 Information Parking On Property Unit3 Information Parking On Property Unit4 Information Parking On Property View City

    Interior Features

    Bathroom Features None Breakfast Area Dining Areas Breakfast Nook Dining Room Area Driveway None Extra Room None Floor Covering Ceramic TileWood Interior Features Bay WindowSmoke Detector Kitchen Features Refrigerator Laundry None Living Areas Living Room Main Cooling Ac Zoned Main Heating Zoned - Elec Technology Pre-Wired Sat Dish Unit1 Information Furnished No Unit1 Information Number Half Baths 0 Unit1 Information Sqft 1350 Unit2 Information Furnished No Unit2 Information Number Half Baths 0 Unit2 Information Sqft 925 Unit3 Information Furnished No Unit3 Information Number Half Baths 0 Unit3 Information Sqft 755 Unit4 Information Furnished No Unit4 Information Number Half Baths 0 Unit4 Information Sqft 711 Water Heater Natural Gas

    Property Features

    Accessibility Option None Analysis Cap Rate Percent 7.40 Analysis Exp Percent Of Gross 19.37 Analysis Exp Sqft 3.08 Analysis Gross Rent Multi 10.90 Analysis Vacancy Rate Percent 0.00 Assessments 0.00 Association And Fees Hoa No Attached Detached Attached Community None Contingent Active Contingent Country Usa Distressed Info None Dwelling Type 4 Plex Electric Electric Company Tep Expenses Admin Expenses 0.00 Expenses Capital Expenses 0.00 Expenses Contract Services 0.00 Expenses Figures Presented Proforma Expenses Gas Electric 375.00 Expenses Insurance 4650.00 Expenses Maintenance Supplies 1500.32 Expenses Management 0.00 Expenses Other Expenses 0.00 Expenses Resident Manager 0.00 Expenses Taxes Assessments 5383.71 Expenses Water Sewer 3200.41 Fema Flood Zone No Fire Protection Included in Taxes Gas Natural Horse Facilities No Horse Property No Income Adjusted Gross 78000.00 Income Gross Scheduled Rent 78000.00 Income Net Opp Income 62890.56 Income Other Income 0.00 Income Total Expenses 15109.43 Income Vacancy Loss 0.00 Lot Dimensions Irregular Lot Features East/West Exposure Lot Size Source Owner Lot Sqft 18480.00 Municipal Flood Zone No Municipality Zoning Tucson - Hr3 Neighborhood Features HistoricPaved StreetStreet Lights Property Disclosures Lead Based Paint Road Maintenance City Section 12 Security None Sewer Connected Special Conditions None Subdivision Restrict Age Restrictions No Subdivision Restrict Cc Andrs No Subdivision Restrict Deed Restrictions Yes Tax Year 2020 Taxes 5195.82 Taxes For Dwelling & Land Terms CashConventionalOwner CarrySubmit Total Parking 7 Township 14 Unit1 Information Floor 2nd Unit1 Information Monthly Rent 1250 Unit1 Information Stories Single Unit2 Information Floor 1st Unit2 Information Monthly Rent 1125 Unit2 Information Stories Single Unit3 Information Floor 1st Unit3 Information Monthly Rent 950 Unit3 Information Stories Single Unit4 Information Floor 1st Unit4 Information Monthly Rent 925 Unit4 Information Stories Single Utilities Paid Cable Tv Tenant Utilities Paid Electric Tenant Utilities Paid Gas Tenant Utilities Paid Insurance Owner Utilities Paid Sewer Tenant Utilities Paid Taxes Owner Utilities Paid Trash Tenant Utilities Paid Water Tenant Water City Water

    Listing provided courtesy of Righteous Realty Company. Listing information © 2021 MLS of Southern Arizona.


    Listing information Copyright 2021 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2021-04-22T10:07:06.153.
    The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Luxury Group - Realty Executives Arizona Properties are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
     
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    Luxury Group - Realty Executives Arizona Properties
    6760 N Oracle Rd Suite 130
    Tucson AZ, 85704
    Courtesy of Righteous Realty Company.