Search


$570,000
1014 N 7th avenue
Tucson, AZ 85705
MLS# 21825121
3450 sqft


1014 N 7th avenue, Tucson, AZ 85705
  1 / 29  
1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705 1014 N 7th avenue, Tucson, AZ 85705

Property Description
Units 1, 2 and 3: Tax codes 117-02-4140, 117-02-4150, 117-02-4160. This property is an excellent investment opportunity for a 2008 renovated historic property HR-2. The property features 9 bedrooms of 3 bedrooms in 3 units at price of 65,000 per bedroom. The front unit was built in 1946 as stand alone SFD. 2 additional attached units were built in 1949. The entire structure was thoroughly renovated (see document list). This is a great property. Always rented. Well maintained. Great location. Well secured with 5 foot exterior wall and secured entry gates. On site parking for 5-6 cars. Secured parking gate.

Details
Maps
Documents
Address Information
Street #: 1014
Direction: N
Street Name: 7th avenue
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA
Location, Tax & Legal
Tax Code: 117-02-4140
Tax Year: 2017
Taxes: 3628.02
Taxes For: Dwelling & Land
Legal Description: West University Townhomes units 1, 2 and 3
Area: Central
Subdivision: City Of Tucson
Township: 14
Range: 13
Section: 12
Municipality/Zoning: Tucson - HR2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Community: None
Contract Information
Current Price: $570,000
List Price: $570,000
Listing Date: 2018-09-17
Method of Title: Condo
Distressed Info: None
Status Change Info
Status: Active
Showing Information
Directions: One block south of Speedway One block east of Stone
General Property Information
Dwelling Type: 3 Plex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: 180x60
Lot Acres: 0.25
Lot Sqft: 10718
Lot Size Source: Assessor
Combined SqFt: 3450
Year Built: 1946
Total Parking: 6
School District: TUSD
Elementary School: Davis Bilingual Magnet
Middle School: Roskruge Bilingual Magnet
High School: Tucson
Horse Property: No
Horse Facilities: No
List Price/SqFt: 165.22
Lot Size Price/SqFt: 53.18
Remarks & Misc
Geo Lat: 32.234816
Geo Lon: -110.969844
Unit Info
# of Units/3 BR: 3
Avg Mo Rent/3 BR: 1300
Unit 1 Information
Monthly Rent: 1500
# Beds: 3
# Full Baths: 1
# Half Baths: 1
SqFt: 1264
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 2 Information
Monthly Rent: 1200
# Beds: 3
# Full Baths: 1
SqFt: 910
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 3 Information
Monthly Rent: 1200
# Beds: 3
# Full Baths: 1
SqFt: 1063
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Analysis
Cap Rate %: 6.46
Gross Rent Multi: 11.83
Exp/SqFt: 3.29
Exp % of Gross: 23.55
Income
Gross Scheduled Rent: 46800
Other Income: 1365
Adjusted Gross: 48165
Total Expenses: 11344
Net Opp Income: 36821
Expenses
Gas/Electric: 295
Insurance: 1352
Maintenance Supplies: 4081
Taxes/Assessments: 3628
Water/Sewer: 1988
Figures Presented: Proforma
Kitchen Features
Appliance Color: White
Countertops: laminate/faux granit
Microwave: built in
Oven: gas
Electric
Electric Company: TEPCO
Security
Other: Exterior Wall
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Landscaping: Owner
Sewer: Owner
Taxes: Owner
Trash: Owner
Water: Owner
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: No
CC&Rs: Yes
Association & Fees
HOA: No
Submit With Offer
Seller Title Company: Stewart Title
Home Protection
Offere: No
Property Features
Construction: Masonry Stucco
Style: Bungalow
Roof: Shingle
Living Areas: Living Room
Dining Areas: Dining in LR/GR; Eat-In Kitchen
Dining Room: Area
Breakfast: Area; Eat-In
Kitchen Features: Breakfast Bar; Desk; Double Sink; Gas Range; Island; Lazy Susan; Dishwasher; Freezer; Refrigerator
Bathroom Features: Shower & Tub/Master
Laundry: Kitchen; Dryer Included; Washer Included
Extra Room: None
Interior Features: Ceiling Fan(s); Dual Pane Windows; Smoke Detector
Floor Covering: Carpet; Ceramic Tile; Wood
Window Covering: Stay
Technology: Cable TV; High Speed Internet
Main Cooling: AC Central; Ceiling Fans
Main Heating: Forced Air - Gas
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: City Water
Accessibility Option: None
Green Features: Bath Exhaust Out; Low E DP Windows
Patio/Deck: Covered
Pool: None
Spa: None
Fence: Wood
Landscape - Front: Desert Plantings; Sprinkler/Drip
Landscape - Rear: None
Road Type: Paved
Driveway: None
RV Parking: Space Available
Exterior Feature: None
Lot Features: Adjacent to Alley; Corner Lot; North/South Exposure
Neighborhood Features: Athletic Facilities; Exercise Facilities; Historic; Street Lights
Terms: Cash; Conventional; Submit All
Submit With Offer: Earnest Check; Lender Pre-Approval; Proof of Funds
Property Disclosures: Lead Based Paint; Plat Map; Seller Prop Disclosure; Surveyed Plat
Special Conditions: None

Listing Office: Madera Realty & Mortgage

Last Updated: February - 11 - 2019

Information deemed reliable but not guaranteed.

Saturday 16th of February 2019 07:30 PM