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$825,000
825 N 7Th Avenue
Tucson, AZ 85705
MLS# 21824519
4901 sqft


825 N 7Th Avenue, Tucson, AZ 85705
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Property Description
VERY MOTIVATED SELLERS. WILLING TO CARRY THE NOTE AT A DISCOUNT WITH 30% DOWN PAYMENT. Historic property in desirable West University area. 7 Units total on 2 parcels with low vacancy and high potential. The front 4Plex is a 1906 Tudor Revival bursting with history as the grand E.L. Vail House. (2) 2BD/1BA units and (2) 1BD/1BA units total 3741 sq ft. Rear 3Plex built in 1940 has (2) 1BD/1BA units and (1) Studio 1BA unit at 1160 sq ft. Off street parking plus space to build another multiplex! Located close to UA, Downtown, 4th Avenue, and is on the National Register of Historic Places. Features hardwood floors, wood trim, original light fixtures and vintage tile.

Details
Maps
Documents
Address Information
Street #: 825
Direction: N
Street Name: 7Th
Suffix: Avenue
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA
Location, Tax & Legal
Tax Code: 117-03-102A
Tax Year: 2017
Taxes: 5771
Taxes For: Dwelling & Land
Legal Description: Tucson Lot 8 & 9 EXC W70' THEREOF/Tucson W70' Lots 8 BLK 29
Area: Central
Subdivision: C.O.T. Resub
Township: 14
Range: 13
Section: 12
Municipality/Zoning: Tucson - HR3
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Community: None
Contract Information
Current Price: $825,000
List Price: $825,000
Listing Date: 2018-09-10
Method of Title: Fee (Simple)
Distressed Info: None
Status Change Info
Status: Active
Showing Information
Directions: University Blvd/7th Ave north to address
General Property Information
Dwelling Type: 4 Plex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: 184.8 x 100
Lot Acres: 0.42
Lot Sqft: 18295
Lot Size Source: Assessor
Combined SqFt: 4901
Year Built: 1906
Total Parking: 7
School District: TUSD
Elementary School: Roskruge
Middle School: Mansfeld
High School: Tucson
Horse Property: No
Horse Facilities: No
List Price/SqFt: 168.33
Lot Size Price/SqFt: 45.09
Remarks & Misc
Geo Lat: 32.232279
Geo Lon: -110.970545
Unit 1 Information
Monthly Rent: 2200
# Beds: 3
# Full Baths: 3
SqFt: 1160
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 2 Information
Monthly Rent: 3925
# Beds: 4
# Full Baths: 4
SqFt: 3741
Occupancy: Yes
Stories: Two
Floor: 1st
Furnished: No
Parking: On Property
Analysis
Cap Rate %: 7.2
Gross Rent Multi: 11.22
Exp/SqFt: 2.87
Exp % of Gross: 19.16
Income
Gross Scheduled Rent: 73500
Adjusted Gross: 73500
Total Expenses: 14085
Net Opp Income: 59415
Expenses
Gas/Electric: 234
Insurance: 3848
Maintenance Supplies: 1323
Taxes/Assessments: 5771
Water/Sewer: 2909
Figures Presented: Proforma
Style
Other: Tudor, El Vail House
Interior Features
Interior Steps: No
Electric
Electric Company: TEP
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Sewer: Tenant
Taxes: Owner
Trash: Tenant
Water: Tenant
Driveway
Paved: Gravel
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: No
CC&Rs: No
Association & Fees
HOA: No
Home Protection
Offere: No
Property Features
Construction: Brick; Frame - Stucco; Stucco Finish
Roof: Rolled; Shingle
Living Areas: None
Dining Areas: Eat-In Kitchen
Dining Room: None
Breakfast: None
Kitchen Features: Refrigerator
Bathroom Features: None
Laundry: None
Extra Room: None
Floor Covering: Carpet
Window Covering: None
Technology: Telephone
Main Cooling: Evap Window
Main Heating: Forced Air - Elec
Water Heater: Electric
Gas: Natural
Sewer: Connected
Water: City Water
Accessibility Option: None
Security: None
Patio/Deck: None
Pool: None
Spa: None
Fence: Chain Link
Landscape - Front: Shrubs; Trees
Landscape - Rear: Shrubs; Trees
View: Residential
Road Type: Paved
RV Parking: Space Available
Exterior Feature: None
Lot Features: East/West Exposure; North/South Exposure
Neighborhood Features: Historic
Terms: Cash; Conventional; Owner Carry
Submit With Offer: Lender Pre-Approval; Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures: Lead Based Paint
Special Conditions: None

Listing Office: eXp Realty

Last Updated: February - 11 - 2019

Information deemed reliable but not guaranteed.

Saturday 16th of February 2019 08:22 PM