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$850,000
1608 E 8th Street, 1610
Tucson, AZ 85719
MLS# 21804514
3289 sqft


1608 E 8th Street, 1610, Tucson, AZ 85719
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Property Description
Large 10 bedroom Duplex located 2 streets south of University of Arizona! Fully leased through July 2018! Rents for $7,500 per month. 7.29% Cap Rate. Property was remodeled in 2007 with new AC, roof, paint, finishes. New Kitchen in 2013. New Flooring in 2012. Back unit had new addition and complete remodel in 2008. Highly desirable rental property close to UofA. One of the members is a licensed real estate Broker in AZ.

Details
Maps
Address Information
Street #: 1608
Direction: E
Street Name: 8th
Suffix: Street
Apt/Unit #: 1610
State/Province: AZ
Zip Code: 85719
County: Pima
Country: USA
Location, Tax & Legal
Tax Code: 124-09-0030
Comparable Only Listing: No
Tax Year: 2017
Taxes: 4043
Taxes For: Dwelling & Land
Legal Description: BINGHAM LOT 2 BLK 1
Area: Central
Subdivision: Bingham Addition
Township: 14
Range: 14
Section: 7
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Community: None
Contract Information
Current Price: $850,000
List Price: $850,000
Listing Date: 2018-02-13
Method of Title: Fee (Simple)
Distressed Info: None
Status Change Info
Status: Active
Showing Information
Directions: From 6th and Campbell. South to 8th Street. West to Address.
General Property Information
Dwelling Type: 2 Plex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: 50 X 150
Lot Acres: 0.17
Lot Sqft: 7500
Lot Size Source: Assessor
Combined SqFt: 3289
Year Built: 1930
Total Parking: 6
School District: TUSD
Elementary School: Cragin
Middle School: Mansfeld
High School: Tucson
Horse Property: No
Horse Facilities: No
List Price/SqFt: 258.44
Lot Size Price/SqFt: 113.33
Remarks & Misc
Geo Lat: 32.224787
Geo Lon: -110.947671
Unit 1 Information
Monthly Rent: 4500
# Beds: 6
# Full Baths: 3
SqFt: 2011
Occupancy: Yes
Stories: Multi
Floor: 2nd
Furnished: No
Parking: On Property
Unit 2 Information
Monthly Rent: 3000
# Beds: 4
# Full Baths: 2
SqFt: 1278
Occupancy: Yes
Stories: Single
Furnished: No
Parking: On Property
Analysis
Cap Rate %: 7.47
Gross Rent Multi: 9.44
Exp/SqFt: 8.06
Exp % of Gross: 29.45
Income
Gross Scheduled Rent: 90000
Adjusted Gross: 90000
Total Expenses: 26508
Net Opp Income: 63492
Expenses
Admin Expenses: 375
Capital Expenses: 3000
Contract Services: 2038
Insurance: 458
Maintenance Supplies: 7540
Management: 9000
Taxes/Assessments: 4097
Figures Presented: Proforma
Kitchen Features
Countertops: Corian
Microwave: Conventional
Oven: Gas/Electric
Bathroom Features
Countertops/Hall: Standard
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
Landscape - Front
Other: Turf
Driveway
Paved: Asphalt
RV Parking
Other: None
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: Yes
CC&Rs: Yes
Association & Fees
HOA: No
Submit With Offer
Digital Signatures: Yes
Home Protection
Offere: Yes
Plan By: AHS
Property Features
Construction: Frame - Stucco; Masonry Stucco
Style: Ranch; Southwestern
Roof: Built-Up - Reflect; Shingle
Living Areas: Living Room
Dining Areas: Breakfast Bar; Dining in LR/GR
Dining Room: Area
Breakfast: Bar
Kitchen Features: Breakfast Bar; Dishwasher; Garbage Disposal; Refrigerator
Bathroom Features: Shower Only/Hall
Laundry: Room; Storage
Extra Room: Den
Interior Features: Ceiling Fan(s); Skylights; Smoke Detector; Vaulted Ceilings
Floor Covering: Carpet; Ceramic Tile; Wood
Window Covering: Stay
Technology: Cable TV; High Speed Internet
Main Cooling: AC Wall; AC Zoned; Ceiling Fans
Main Heating: Zoned - Gas
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: City Water
Accessibility Option: None
Security: Bars
Patio/Deck: Covered
Pool: Community
Spa: Community
Fence: Block; Wrought Iron
Landscape - Front: Decorative Gravel; Low Care
Landscape - Rear: Decorative Gravel
View: Mountain
Road Type: Paved
Exterior Feature: None
Lot Features: Adjacent to Alley; Adjacent to Wash; North/South Exposure; Subdivided Lots
Neighborhood Features: None
Terms: Cash; Conventional
Submit With Offer: Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures: Lead Based Paint; Military Airport Vct
Special Conditions: None

Listing Office: Tucson Integrity Realty

Last Updated: February - 13 - 2018

Information deemed reliable but not guaranteed.

Monday 19th of February 2018 09:37 PM