924 E 6th Street, Tucson, AZ 85719 (MLS# 21831374)

924 E 6th Street, Tucson, AZ 85719

$1,050,000

Virtual Tour

http://www.phandango.com/properties/slides.asp?id=2104

Property Type: Multi-Family Square Footage: 5,534 Lot Size (sq. ft.): 77 Status: Closed

Current Price: $1,050,000 List Date: 11/28/2018 Last Modified: 12/10/2024

Overview

Description

Price Reduced 4/29/2019! Listed at 10.25% Cap Rate. Gorgeously Remodeled Student Housing Group Home located across the Street from UofA Campus! Property leased through 7/2019! Property completely remodeled in Spring of 2011 with two new kitchens, 10 new bathrooms, all new hardwood and tile floors! Please view pictures and virtual tour. Serious investors only please. Amazing cashflow! Please do not disturb tenants or trespass onto property. Management company that has kept the property 100% leased from 7/2011 through current date is willing to stay on and manage the property.

Listing Details MLS# 21831374

Address Information

Street #: 924
Direction: E
Street Name: 6th
Suffix: Street
State/Province: AZ
Zip Code: 85719
County: Pima
Country: USA

Location, Tax & Legal

Tax Code: 124-05-226B
Area: Central
Subdivision: Buells
Comparable Only Listing: No
Tax Year: 2018
Taxes: 8165
Assessments: 0
Taxes For: Dwelling & Land
Legal Description: BUELLS LOT 11 & 12 BLK 19 EXC N5.4'
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: Attached
Construction Status: Existing
Lot Dimensions: 96 X 175
Lot Acres: 0.39
Lot Sqft: 16881
Lot Size Source: Assessor
Combined SqFt: 5534
Year Built: 1938
Total Parking: 14
School District: TUSD
Elementary School: Davidson
Middle School: Mansfeld
High School: Tucson
Horse Property: No
Horse Facilities: No
List Price/SqFt: 234.91
Lot Size Price/SqFt: 77.01

Property Features

Construction: Frame - Stucco; Masonry Stucco Style: Southwestern Roof: Built-Up - Reflect; Shingle Living Areas: Living Room Dining Areas: Dining in LR/GR Dining Room: Area Breakfast: Area Kitchen Features: Electric Range; Dishwasher; Disposal; Refrigerator Bathroom Features: Shower Only/Hall; Pedestal Sink(s) Laundry: Laundry Room Extra Room: None Interior Features: Ceiling Fan(s); Fire Sprinkler System; Smoke Detector Floor Covering: Carpet; Ceramic Tile Window Covering: Stay Window Features: Double Pane Windows Technology: Cable TV; High Speed Internet; Telephone Main Cooling: Zoned Main Heating: Forced Air; Natural Gas Water Heater: Natural Gas Gas: Natural Sewer: Connected Water: Public Accessibility Option: Door Levers; Entry; Other Bath Modification; Ramped Main Level; Roll-In Shower; Wide Doorways; Wide Hallways Security: Security Lights; Window Bars Pool: Community Spa: None Fence: Block; Wrought Iron Landscape - Front: Decorative Gravel; Graded; Low Care Landscape - Rear: Decorative Gravel; Low Care; Trees View: Mountain(s) Road Type: Paved Exterior Feature: Courtyard; Kennel/Dog Run; Shed(s) Lot Features: Adjacent to Alley; North/South Exposure; Subdivided Neighborhood Features: Pool; Sidewalks Terms: Cash; Conventional; Exchange Submit With Offer: Income Property Addendum; Proof of Funds Property Disclosures: Floor Plan; Lead Based Paint; Unknown Special Conditions: None

Contract Information

Method of Title: Fee (Simple)
Distressed Info: None

Status Change Info

Off Market Date: 2019-05-16
Pending Date: 2019-07-26
Sold Date: 2019-08-06
Sold Price/SqFt: 189.74
Lot Sz Sold Prc/SqFt: 62.2
How Sold: Conventional

More Information

Showing Information

Directions: From Speedway and Euclid. South to 6th Street. East to address. Access to Parking lot off of back alley.

Unit 1 Information

Monthly Rent: 3600
# Beds: 4
# Full Baths: 2
SqFt: 1360
Occupancy: Yes
Stories: Multi
Floor: 1st
Furnished: No
Parking: On Property

Unit 2 Information

Monthly Rent: 11700
# Beds: 13
# Full Baths: 8
SqFt: 4100
Occupancy: Yes
Stories: Two
Floor: 1st
Furnished: No
Parking: On Property

Analysis

Cap Rate %: 12.8
Gross Rent Multi: 5.59
Exp/SqFt: 9.66
Exp % of Gross: 28.45
Vacancy Rate %: 0

Income

Gross Scheduled Rent: 183600
Other Income: 4250
Adjusted Gross: 187850
Total Expenses: 53436
Net Opp Income: 134414
Vacancy Loss: 0

Expenses

Admin Expenses: 728
Insurance: 7564
Maintenance Supplies: 18619
Management: 18360
Taxes/Assessments: 8165
Figures Presented: Proforma
Capital Expenses: 0
Contract Services: 0
Gas/Electric: 0
Resident Manager: 0
Water/Sewer: 0
Other Expenses: 0

Living Areas

Other: Study Hall
Living Room: Yes

Kitchen Features

Countertops: Corian
Microwave: Built In
Oven: Electric
Electric Range: Yes
Dishwasher: Yes
Disposal: Yes
Refrigerator: Yes

Bathroom Features

Countertops/Hall: Some
Shower Only/Hall: Yes
Pedestal Sink(s): Yes

Interior Features

Interior Steps: Yes
Ceiling Fan(s): Yes
Fire Sprinkler System: Yes
Smoke Detector: 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

Driveway

Paved: Asphalt

RV Parking

Other: NA

Subdivision Restrict

Age Restrictions: No
Deed Restrictions: Yes
CC&Rs: Yes

Submit With Offer

Digital Signatures: Yes
Income Property Addendum: Yes
Proof of Funds: Yes

Home Protection

Offered: No

Gas

Natural: Yes

Construction

Frame - Stucco: Yes
Masonry Stucco: Yes

Style

Southwestern: Yes

Sewer

Connected: Yes

Roof

Built-Up - Reflect: Yes
Shingle: Yes

Water

Public: Yes

Dining Areas

Dining in LR/GR: Yes

Fence

Block: Yes
Wrought Iron: Yes

Dining Room

Area: Yes

View

Mountain(s): Yes

Breakfast

Area: Yes

Road Type

Paved: Yes

Road Maintenance

City: Yes

Lot Features

Adjacent to Alley: Yes
North/South Exposure: Yes
Subdivided: Yes

Main Cooling

Zoned: Yes

Laundry

Laundry Room: Yes

Neighborhood Features

Pool: Yes
Sidewalks: Yes

Main Heating

Forced Air: Yes
Natural Gas: Yes

Extra Room

None: Yes

Water Heater

Natural Gas: Yes

Association & Fees

HOA: No

Terms

Cash: Yes
Conventional: Yes
Exchange: Yes

Floor Covering

Carpet: Yes
Ceramic Tile: Yes

Window Covering

Stay: Yes

Accessibility Option

Door Levers: Yes
Entry: Yes
Other Bath Modification: Yes
Ramped Main Level: Yes
Roll-In Shower: Yes
Wide Doorways: Yes
Wide Hallways: Yes

Window Features

Double Pane Windows: Yes

Technology

Cable TV: Yes
High Speed Internet: Yes
Telephone: Yes

Security

Security Lights: Yes
Window Bars: Yes

Sold Info

Seller Concessions: 0

Landscape - Front

Decorative Gravel: Yes
Graded: Yes
Low Care: Yes

Landscape - Rear

Decorative Gravel: Yes
Low Care: Yes
Trees: Yes

Patio/Deck

Covered: Yes

Pool

Community: Yes

Property Disclosures

Floor Plan: Yes
Lead Based Paint: Yes
Unknown: Yes

Spa

None: Yes

Special Conditions

None: Yes

Exterior Feature

Courtyard: Yes
Kennel/Dog Run: Yes
Shed(s): Yes

Listing Office: Tucson Integrity Realty, LLC

Last Updated: December - 10 - 2024

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