1104 E 7Th Street, Tucson, AZ 85719

$1,350,000
Property Type: Multi-Family Square Footage: 5,795 Lot Size (sq. ft.): 97 Status: Closed
Current Price: $1,350,000 List Date: 12/04/2018 Last Modified: 12/11/2024

Overview

Description

AMAZING, student rental investment opportunity one block south of the University of Arizona! Leased through July 2020. Two units on large R-3 Lot. First house is an 8bd/3bth and second house is a 6bd/3bth. Never been vacant since remodel in 2010. Current management company will continue to manage if desired by new owner. Over $250,000 in renovations in 2010 including Brand new kitchens, bathrooms, electrical, drywall, appliances, flooring, pool, fencing, etc! Very desirable rental location with beautifully remodeled units! PLEASE DO NOT DISTURB TENANTS. One of the Members of the LLC is a licensed real estate broker in Arizona.

Listing Details MLS# 21831903

Address Information

Street #
1104
Direction
E
Street Name
7Th
Suffix
Street
State/Province
AZ
Zip Code
85719
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
124-06-0850
Area
Central
Subdivision
Buells
Tax Year
2018
Taxes
7691
Assessments
0
Taxes For
Dwelling & Land
Legal Description
BUELLS N150' OF LOTS 15 & 16 BLK 26
Township
14
Community
None
Range
14
Section
7
Municipality/Zoning
Tucson - R3
Fire Protection
Included in Taxes
FEMA Flood Zone
No
Municipal Flood Zone
No

General Property Information

Dwelling Type
Duplex
Attached/Detached
Detached
Construction Status
Existing
Lot Dimensions
100 x 148
Lot Acres
0.34
Lot Sqft
14810
Lot Size Source
Assessor
Combined SqFt
5795
Year Built
1917
Total Parking
14
School District
TUSD
Elementary School
Blenman
Middle School
Mansfeld
High School
Tucson
Horse Property
No
Horse Facilities
No
List Price/SqFt
250.22
Lot Size Price/SqFt
97.91

Property Features

Construction: Frame - Stucco; Stone Style: Modern; Southwestern Roof: Rolled; Tile Living Areas: Family Room; Great Room; Living Room Dining Areas: Breakfast Bar Dining Room: Area Breakfast: Bar Kitchen Features: Breakfast Bar; Electric Range; Dishwasher; Disposal; Refrigerator Bathroom Features: Shower & Tub/Primary; Shower Only/Hall Laundry: Laundry Room; Dryer Included; Washer Included Extra Room: Storage Interior Features: Ceiling Fan(s); Fire Sprinkler System Floor Covering: Ceramic Tile; Wood Window Covering: Stay Technology: Alarm System; Cable TV; High Speed Internet Main Cooling: Zoned Main Heating: Electric; Forced Air; Natural Gas Water Heater: Electric; Natural Gas Gas: Natural Sewer: Connected Water: Public Accessibility Option: Door Levers Security: Security Lights; Window Bars Pool: Community Spa: None Fence: Block; Wrought Iron Landscape - Front: Low Care Landscape - Rear: Low Care View: Mountain(s) Road Type: Paved Exterior Feature: Courtyard Lot Features: Adjacent to Alley; Corner Lot; Subdivided Neighborhood Features: Sidewalks Terms: Cash; Conventional Property Disclosures: Lead Based Paint; Military Airport Vct; Public Airport Vcty; Unknown Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Distressed Info
None

Status Change Info

Off Market Date
2018-12-05
Pending Date
2018-12-31
Sold Date
2019-01-28
Sold Price/SqFt
232.96
Lot Sz Sold Prc/SqFt
91.15
How Sold
Conventional

More Information

Showing Information

Directions
From 6th and Euclid. East to Fremont. South to 7th street. Located on SE corner of Fremont and 7th.

Unit Info

# of Units/Other
2
Avg Mo Rent/Other
11900
Avg Mo Rent/Studios
0
Avg Mo Rent/1 BR
0
Avg Mo Rent/2 BR
0
Avg Mo Rent/3 BR
0

Unit 1 Information

Monthly Rent
7600
# Beds
8
# Full Baths
3
SqFt
3716
Occupancy
No
Stories
Two
Floor
2nd
Furnished
No
Parking
On Property

Unit 2 Information

Monthly Rent
4300
# Beds
6
# Full Baths
3
SqFt
2079
Occupancy
No
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Analysis

Cap Rate %
7.35
Gross Rent Multi
9.23
Exp/SqFt
8.11
Exp % of Gross
32.14
Vacancy Rate %
0

Income

Gross Scheduled Rent
142800
Other Income
3500
Adjusted Gross
146300
Total Expenses
47022
Net Opp Income
99278
Vacancy Loss
0

Expenses

Admin Expenses
325
Insurance
2023
Maintenance Supplies
21561
Management
14630
Taxes/Assessments
7691
Other Expenses
792
Figures Presented
Proforma
Capital Expenses
0
Contract Services
0
Gas/Electric
0
Resident Manager
0
Water/Sewer
0

Kitchen Features

Pantry
Walk-In
Appliance Color
Black
Countertops
Corian
Microwave
Built in
Oven
Electric
Breakfast Bar
Yes
Electric Range
Yes
Dishwasher
Yes
Disposal
Yes
Refrigerator
Yes

Laundry

Other
Three Washers
Laundry Room
Yes
Dryer Included
Yes
Washer Included
Yes

Interior Features

Interior Steps
Yes
Ceiling Fan(s)
Yes
Fire Sprinkler System
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 - Rear

Other
Turf
Low Care
Yes

Driveway

Paved
Asphalt

RV Parking

Other
None

Subdivision Restrict

Age Restrictions
No
Deed Restrictions
Yes
CC&Rs
No

Submit With Offer

Digital Signatures
Yes

Home Protection

Offered
No

Gas

Natural
Yes

Construction

Frame - Stucco
Yes
Stone
Yes

Style

Modern
Yes
Southwestern
Yes

Sewer

Connected
Yes

Roof

Rolled
Yes
Tile
Yes

Water

Public
Yes

Living Areas

Family Room
Yes
Great Room
Yes
Living Room
Yes

Dining Areas

Breakfast Bar
Yes

Fence

Block
Yes
Wrought Iron
Yes

Dining Room

Area
Yes

View

Mountain(s)
Yes

Breakfast

Bar
Yes

Road Type

Paved
Yes

Road Maintenance

City
Yes

Lot Features

Adjacent to Alley
Yes
Corner Lot
Yes
Subdivided
Yes

Main Cooling

Zoned
Yes

Neighborhood Features

Sidewalks
Yes

Main Heating

Electric
Yes
Forced Air
Yes
Natural Gas
Yes

Extra Room

Storage
Yes

Water Heater

Electric
Yes
Natural Gas
Yes

Association & Fees

HOA
No

Bathroom Features

Shower & Tub/Primary
Yes
Shower Only/Hall
Yes

Terms

Cash
Yes
Conventional
Yes

Floor Covering

Ceramic Tile
Yes
Wood
Yes

Window Covering

Stay
Yes

Accessibility Option

Door Levers
Yes

Technology

Alarm System
Yes
Cable TV
Yes
High Speed Internet
Yes

Security

Security Lights
Yes
Window Bars
Yes

Sold Info

Seller Concessions
0

Landscape - Front

Low Care
Yes

Patio/Deck

Balcony
Yes
Covered
Yes
Patio
Yes

Pool

Community
Yes

Property Disclosures

Lead Based Paint
Yes
Military Airport Vct
Yes
Public Airport Vcty
Yes
Unknown
Yes

Spa

None
Yes

Special Conditions

None
Yes

Exterior Feature

Courtyard
Yes

Documents

Listing Office: Tucson Integrity Realty, LLC
IDX
Last Updated: December - 11 - 2024
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.
Search powered by FBS Products