3214 E 4th Street, Tucson, AZ 85716

$1,250,000
Property Type: Multi-Family Square Footage: 10,071 Lot Size (sq. ft.): 48 Status: Closed
Current Price: $1,250,000 List Date: 5/21/2018 Last Modified: 12/10/2024

Overview

Description

MIDTOWN FLATS! TURNKEY RENTAL OPPORTUNITY. ANNUAL PROPERTY OPERATING DATA SHEET IS ATTACHED!! 11 beautifully-renovated units on over half an acre in top location. This property sits on a charming dead end street on the 3rd St bike path through Sam Hughes and the UofA. It has undergone a thorough renovation including the construction of a brand new unit. New roofs, many new HVAC's, lots of new plumbing and electrical related to new construction unit and a total cosmetic overhaul throughout. All units in great condition. There is considerable upside to market rents, since many of the new tenants received a discounted rent to compensate for major construction. This is not your typical generic, beige 1980's product. PRIME LOCATION! One of owners is Licensed Agent in the State of Arizona.

Listing Details MLS# 21802134

Address Information

Street #
3214
Direction
E
Street Name
4th
Suffix
Street
State/Province
AZ
Zip Code
85716
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
125-14-021F
Area
Central
Subdivision
Virginia Heights Amended
Comparable Only Listing
No
Tax Year
2017
Taxes
3688.35
Assessments
0
Taxes For
Dwelling & Land
Legal Description
VIRGINIA HEIGHTS AMENDED LOTS 20 21 & 22 EXC N100' E44' THEREOF & EXC PTN W5' N40' LOT 20 BLK 1
Township
14
Community
None
Range
14
Section
9
Municipality/Zoning
Tucson - R3
Fire Protection
Included in Taxes
FEMA Flood Zone
No
Municipal Flood Zone
No

General Property Information

Attached/Detached
Attached
Construction Status
Existing
Lot Dimensions
Irregular
Lot Acres
0.61
Lot Sqft
26572
Lot Size Source
Assessor
Combined SqFt
10071
Year Built
1963
Total Parking
12
School District
TUSD
Elementary School
Sam Hughes
Middle School
Maxwell K-8
High School
Tucson
Horse Property
No
Horse Facilities
No
List Price/SqFt
128.59
Lot Size Price/SqFt
48.74

Property Features

Construction: Frame - Stucco Style: Contemporary Roof: Built-Up Living Areas: Family Room; Great Room; Living Room; Off Kitchen Dining Areas: Breakfast Nook; Dining in LR/GR; Eat-In Kitchen Dining Room: Area Breakfast: Area; Eat-In; Nook Kitchen Features: Breakfast Bar; Electric Range; Kitchen Island; Dishwasher; Refrigerator Bathroom Features: Shower & Tub/Primary; Shower & Tub/Hall Laundry: Facility Extra Room: Storage Interior Features: Ceiling Fan(s); Smoke Detector; Split Bedroom Plan; Storage; Walk-In Closet(s) Floor Covering: Carpet; Ceramic Tile; Concrete; Wood Window Covering: Stay Technology: High Speed Internet Main Cooling: Central Air Main Heating: Electric; Forced Air Water Heater: Electric Gas: None Sewer: Connected Water: Public Accessibility Option: Wide Doorways Pool: None Spa: None Fence: Wood Landscape - Front: Low Care Landscape - Rear: Low Care View: Residential Road Type: Paved Driveway: None Exterior Feature: Courtyard Lot Features: East/West Exposure; North/South Exposure Neighborhood Features: Gated Community; Paved Street; Sidewalks; Street Lights; Walking Trail Terms: Cash; Conventional; Owner Carry Submit With Offer: Loan Pre-Qualifiaction; Proof of Funds Property Disclosures: Seller Prop Disclosure Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Distressed Info
None

Status Change Info

Off Market Date
2018-05-21
Pending Date
2018-05-01
Sold Date
2018-05-29
Sold Price/SqFt
124.12
Lot Sz Sold Prc/SqFt
47.04
How Sold
Conventional

More Information

Showing Information

Directions
SPEEDWAY/ COUNTRY CLUB S, E ON 4TH STREET TO ADDRESS

Unit 1 Information

Monthly Rent
10075
# Beds
15
# Full Baths
16
# Half Baths
Yes
SqFt
8544
Occupancy
No
Stories
Two
Floor
1st
Furnished
No
Parking
On Property

Analysis

Cap Rate %
7.31
Gross Rent Multi
10.13
Exp/SqFt
3.18
Exp % of Gross
25.96
Vacancy Rate %
0

Income

Gross Scheduled Rent
120900
Other Income
2500
Adjusted Gross
123400
Total Expenses
32036
Net Opp Income
91364
Vacancy Loss
0

Expenses

Admin Expenses
1210
Contract Services
2750
Insurance
6700
Maintenance Supplies
2200
Management
8596
Taxes/Assessments
5300
Water/Sewer
5280
Figures Presented
Proforma
Capital Expenses
0
Gas/Electric
0
Resident Manager
0
Other Expenses
0

Electric

Electric Company
TEP

Security

Other
Gated

Utilities Paid

Cable TV
Tenant
Electric
Tenant
Gas
Owner
Insurance
Tenant
Landscaping
Owner
Sewer
Owner
Taxes
Owner
Trash
Owner
Water
Owner

RV Parking

Other
NONE

Subdivision Restrict

Age Restrictions
No
Deed Restrictions
Yes
CC&Rs
No

Home Protection

Offered
No

Gas

None
Yes

Construction

Frame - Stucco
Yes

Style

Contemporary
Yes

Sewer

Connected
Yes

Roof

Built-Up
Yes

Water

Public
Yes

Living Areas

Family Room
Yes
Great Room
Yes
Living Room
Yes
Off Kitchen
Yes

Dining Areas

Breakfast Nook
Yes
Dining in LR/GR
Yes
Eat-In Kitchen
Yes

Fence

Wood
Yes

Dining Room

Area
Yes

View

Residential
Yes

Breakfast

Area
Yes
Eat-In
Yes
Nook
Yes

Road Type

Paved
Yes

Kitchen Features

Breakfast Bar
Yes
Electric Range
Yes
Kitchen Island
Yes
Dishwasher
Yes
Refrigerator
Yes

Road Maintenance

City
Yes

Lot Features

East/West Exposure
Yes
North/South Exposure
Yes

Main Cooling

Central Air
Yes

Laundry

Facility
Yes

Neighborhood Features

Gated Community
Yes
Paved Street
Yes
Sidewalks
Yes
Street Lights
Yes
Walking Trail
Yes

Main Heating

Electric
Yes
Forced Air
Yes

Extra Room

Storage
Yes

Water Heater

Electric
Yes

Association & Fees

HOA
No

Interior Features

Ceiling Fan(s)
Yes
Smoke Detector
Yes
Split Bedroom Plan
Yes
Storage
Yes
Walk-In Closet(s)
Yes

Bathroom Features

Shower & Tub/Primary
Yes
Shower & Tub/Hall
Yes

Terms

Cash
Yes
Conventional
Yes
Owner Carry
Yes

Floor Covering

Carpet
Yes
Ceramic Tile
Yes
Concrete
Yes
Wood
Yes

Submit With Offer

Loan Pre-Qualifiaction
Yes
Proof of Funds
Yes

Window Covering

Stay
Yes

Accessibility Option

Wide Doorways
Yes

Technology

High Speed Internet
Yes

Sold Info

Seller Concessions
0

Landscape - Front

Low Care
Yes

Landscape - Rear

Low Care
Yes

Patio/Deck

Deck
Yes
Enclosed
Yes
Patio
Yes

Pool

None
Yes

Property Disclosures

Seller Prop Disclosure
Yes

Spa

None
Yes

Special Conditions

None
Yes

Driveway

None
Yes

Exterior Feature

Courtyard
Yes

Documents

Listing Office: Bright Properties
IDX
Last Updated: December - 10 - 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.
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