$623,750
$640,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 01/22/2021
Key Details
Sold Price $623,750
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Tucson Heights
MLS Listing ID 6153664
Sold Date 01/22/21
Maintenance Fees $2,400
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1979
Annual Tax Amount $3,825
Tax Year 2014
Lot Dimensions 120 x 154
Property Description
Five unit well maintained apartment complex located in the north University sub-market. The property is comprised of two buildings with a courtyard on a .4 acre corner lot completely walled with off street parking and covered patios. All units are 2/1 floor plans and include central AC/heat, washer and dryer, plank vinyl and ceramic flooring and fire places in each unit. All tenants are on leases through 7/31/2021. Four or the five tenants are long term with an occupancy of 3-5 years paying under market rents. Similar units in the immediate are are a minimum of $950 per month. Out of state owner manages the property with an onsite tenant/resident manager with a $200 per month rent decrease. numbers shown area based on 2020 expenses and current rent roll. Financials under documents tab.
Location
State AZ
County Pima
Community Tucson Heights
Zoning R2
Direction Euclid & Speedway north to Lester west to the property
Interior
Heating Central
Cooling Central A/C
Appliance FS OvenRange, Refrigerator, WasherDryer
Exterior
Community Features No Pool
Waterfront No
Roof Type Built-Up
Total Parking Spaces 10
Building
Sewer Public Sewer
Water City Franchise
New Construction Yes
Schools
School District Out Of Area
Others
Senior Community No
Tax ID 115-02-145-C
Acceptable Financing Conventional, FHA, VA Loan
Listing Terms Conventional, FHA, VA Loan
Financing Conventional
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