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Key Details
Sold Price $199,000
Property Type Multi-Family
Sub Type 2 Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,825 sqft
Price per Sqft $109
Subdivision Speedway Addition No. 2
MLS Listing ID 21722798
Sold Date 11/30/17
Style Ranch
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1968
Annual Tax Amount $2,230
Tax Year 2016
Lot Size 7,200 Sqft
Acres 0.17
Property Description
Mid-town location yet on quiet street allows this property to satisfy most rental market sectors; evidenced by continuous full-time occupancy. Necessary fundamentals all present: close by shopping, bus routes, popular restaurants and proximity to U of A. Front unit is a 3x2; rear unit is a 2x1. Large bedrooms and open floor plan make these rentals stand out from typical of the neighborhood. Also features fenced in yard and lots of storage. Relationship between Seller and Tenant has resulted in long term lease at less than market rental rate- however this tenant is now on a month to month basis. Comparable unit rents in immediate area indicate Buyer can expect 8.5% cap rate- 11% ROI using reasonable projected rents of $21,480 per year. Existing termite warranty is transferrable.
Location
State AZ
County Pima
Area Central
Zoning Tucson - R2
Rooms
Other Rooms Storage
Dining Room Breakfast Bar, Eat-In Kitchen, Dining in LR/GR
Kitchen Breakfast Nook, Refrigerator, Garbage Disposal, Dishwasher, Electric Range, Double Sink
Interior
Interior Features Ceiling Fan(s), Walk In Closets, Vaulted Ceilings, Storage, Smoke Detector
Hot Water Natural Gas
Heating Forced Air - Gas
Cooling Evap Central, Dual Cooling, Ceiling Fans, AC Central
Flooring Carpet, Ceramic Tile
Fireplace No
Laundry Outside, Washer Included, Dryer Included, Storage
Exterior
Exterior Feature Storage Shed
Fence Block
Pool None
Community Features None
Amenities Available None
View Mountain
Roof Type Built-Up,Rolled,Built-Up - Reflect
Accessibility None
Road Frontage Paved
Building
Lot Description East/West Exposure
Sewer Connected
Water City Water
Schools
Elementary Schools Whitmore
Middle Schools Doolen
High Schools Catalina
School District Tusd
Others
Senior Community No
Acceptable Financing Cash, Conventional
Horse Property No
Listing Terms Cash, Conventional
Special Listing Condition No CLUE Report
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