309 S Martin Avenue
Tucson, AZ 85719
MLS# 21804505
Status: Closed
2784 sqft

309 S Martin Avenue, Tucson, AZ 85719
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309 S Martin Avenue, Tucson, AZ 85719 309 S Martin Avenue, Tucson, AZ 85719 309 S Martin Avenue, Tucson, AZ 85719 309 S Martin Avenue, Tucson, AZ 85719 309 S Martin Avenue, Tucson, AZ 85719 309 S Martin Avenue, Tucson, AZ 85719 309 S Martin Avenue, Tucson, AZ 85719 309 S Martin Avenue, Tucson, AZ 85719 309 S Martin Avenue, Tucson, AZ 85719 309 S Martin Avenue, Tucson, AZ 85719 309 S Martin Avenue, Tucson, AZ 85719 309 S Martin Avenue, Tucson, AZ 85719

Property Description
Fully leased Student rental property through 7/28/2019!! Gorgeously remodeled propety with 8 bedrooms/3 bathrooms. New HVAC, Pool, Wall, Windows, Kitchen Three Bathrooms, Paint, Appliances, Fixtures, Tile throughout, etc. in 2010 Leased at $6,000 per month through 7/28/2019. 6.90% Cap Rate. Please do not disturb tenants. One of the Members is licensed to sell real estate in Arizona.

Address Information
Street #: 309
Direction: S
Street Name: Martin
Suffix: Avenue
State/Province: AZ
Zip Code: 85719
County: Pima
Country: USA
Location, Tax & Legal
Tax Code: 124-11-122D
Comparable Only Listing: No
Tax Year: 2017
Taxes: 2638
Taxes For: Dwelling & Land
Legal Description: SUNNYSIDE RESUB LOT 8 & W14.28' LOT 7 BLK 9
Area: Central
Subdivision: Sunnyside Addition Blk 9
Township: 14
Range: 14
Section: 18
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Community: None
Contract Information
Current Price: $700,000
List Price: $800,000
Listing Date: 2018-02-13
Method of Title: Fee (Simple)
Distressed Info: None
Status Change Info
Status: Closed
Pending Date: 2018-03-24
Sold Date: 2018-04-10
Sold Price: 700000
Sold Price/SqFt: 251.44
Lot Sz Sold Prc/SqFt: 77.78
How Sold: Exchange
Showing Information
Directions: From Campbell and Broadway. S to Miles. West to Martin. Located on SE corner of Miles and Martin.
General Property Information
Dwelling Type: Other
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: 60 x 150
Lot Acres: 0.21
Lot Sqft: 9000
Lot Size Source: Assessor
Combined SqFt: 2784
Year Built: 1985
Total Parking: 5
School District: TUSD
Elementary School: Cragin
Middle School: Mansfeld
High School: Tucson
Horse Property: No
Horse Facilities: No
List Price/SqFt: 287.36
Lot Size Price/SqFt: 88.89
Remarks & Misc
Geo Lat: 32.219205
Geo Lon: -110.945037
Unit 1 Information
Monthly Rent: 6000
# Beds: 8
# Full Baths: 3
SqFt: 2784
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Cap Rate %: 7.89
Gross Rent Multi: 9.72
Exp/SqFt: 6.03
Exp % of Gross: 23.31
Gross Scheduled Rent: 72000
Adjusted Gross: 72000
Total Expenses: 16781
Net Opp Income: 55219
Admin Expenses: 567
Contract Services: 365
Insurance: 486
Maintenance Supplies: 5525
Management: 7200
Taxes/Assessments: 2638
Figures Presented: Proforma
Kitchen Features
Pantry: Closet
Appliance Color: Black
Countertops: Corian
Microwave: Conventional
Oven: Electric
Bathroom Features
Countertops/Hall: Executive Height
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
RV Parking
Other: None
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: Yes
CC&Rs: Yes
Association & Fees
Submit With Offer
Digital Signatures: Yes
Home Protection
Offere: No
Property Features
Construction: Frame - Stucco
Style: Contemporary
Roof: Built-Up - Reflect
Living Areas: Great Room
Dining Areas: Breakfast Bar; Dining in LR/GR
Dining Room: Area
Breakfast: Bar
Kitchen Features: Breakfast Bar; Double Sink; Dishwasher; Garbage Disposal; Refrigerator
Bathroom Features: Shower Only/Master; Shower Only/Hall
Laundry: Room
Extra Room: None
Interior Features: Ceiling Fan(s); Dual Pane Windows; Smoke Detector
Floor Covering: Ceramic Tile
Window Covering: Stay
Technology: Cable TV; High Speed Internet; Telephone
Main Cooling: AC Zoned
Main Heating: Zoned - Elec
Water Heater: Electric
Gas: None
Sewer: Connected
Water: City Water
Accessibility Option: Door Levers; Handicap Convertible
Security: Bars
Patio/Deck: Covered
Pool: Community
Spa: Community
Fence: Block; Wrought Iron
Landscape - Front: Decorative Gravel
Landscape - Rear: Decorative Gravel; Low Care
View: Mountain
Road Type: Paved
Driveway: Car(s) Pad
Exterior Feature: Courtyard
Lot Features: Adjacent to Alley; Corner Lot; East/West Exposure
Neighborhood Features: None
Assoc Amenities: None
Terms: Cash; Conventional
Submit With Offer: Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures: Military Airport Vct; Unknown
Special Conditions: None

Listing Office: Tucson Integrity Realty

Last Updated: April - 10 - 2018

Information deemed reliable but not guaranteed.

Thursday 19th of July 2018 03:28 AM