4430 E Pima Street

    Tucson, AZ 85712
    • $861,000
    • STATUS: Closed
    • ID#: 21900398
    Sold - 05/30/2019
    $861,000
    SOLD - 05/30/2019
    • 0
      BEDS
    • 0.73
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,720
      SQFT
    • $89
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1963
    County:
    Area:

    School Ratings & Info

    Courtesy of Keller Williams Southern Arizo.

    Description

    Terrific high cap rate 12 Plex property that's totally turn key and in very popular area of mid-town Tucson which is in very short supply regarding rentals and that is now experiencing extremely high rental demand, thus giving the next owners explosive potential to increase NOI. The current owner has in the last year invested a very significant amount upgrading everything including new AC's given in place of swamp coolers, roof work, windows, electric, paint and fascia work, plumbing upgrades, heaters, landscaping and cosmetic issues. Several of the units have been fully upgraded inside with respect to floors, paint, kitchens and bathroom remodeling.

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    Listing information Copyright 2019 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2019-06-27T00:06:35.39.
    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 Long Realty - The Vallee Gold Team are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
    www.valleegoldteam.com/homes/90610211

    4430 E Pima Street Tucson, AZ 85712

    • Price: $870,000
    • Status: Closed
    • Updated: 47 min ago
    • ID#: 21900398
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.73
    Acres
    9,720
    SQFT
    $89
    $/SQFT
    1963
    Built
    Neighborhood:
    Central
    County:
    Pima
    Area:
    Central
    Property Description
    Terrific high cap rate 12 Plex property that's totally turn key and in very popular area of mid-town Tucson which is in very short supply regarding rentals and that is now experiencing extremely high rental demand, thus giving the next owners explosive potential to increase NOI. The current owner has in the last year invested a very significant amount upgrading everything including new AC's given in place of swamp coolers, roof work, windows, electric, paint and fascia work, plumbing upgrades, heaters, landscaping and cosmetic issues. Several of the units have been fully upgraded inside with respect to floors, paint, kitchens and bathroom remodeling.
    Exterior Features

    Construction Concrete Block Landscape Front Low Care Landscape Rear Low Care Parking Number Covered Parking 1 Road Type Paved Roof Rolled

    Interior Features

    Main Cooling Ac CentralHeat Pump Main Heating Heat Pump

    Property Features

    Accessibility Option None Analysis Cap Rate Percent 7.84 Analysis Exp Percent Of Gross 31.00 Analysis Gross Rent Multi 9.00 Analysis Vacancy Rate Percent 5.00 Assessments 0.00 Country Usa Electric Electric Company Tep Expenses Figures Presented Actual Expenses Gas Electric 996.00 Expenses Insurance 3001.00 Expenses Management 5400.00 Expenses Taxes Assessments 7911.00 Expenses Water Sewer 10212.00 Fire Protection Included in Taxes Gas Natural Income Adjusted Gross 95637.00 Income Gross Scheduled Rent 98460.00 Income Net Opp Income 68195.00 Income Other Income 2100.00 Income Vacancy Loss 4923.00 Lot Dimensions 120X273X120X273 Lot Features Subdivided Lots Lot Sqft 31732.00 Municipality Zoning Tucson - R2 Property Sub Type Apartment Security None Sewer Connected Short Sale No Source Of Sqft Assessor Tax Year 2018 Taxes 7569.73 Terms Conventional Water City

    Listing provided courtesy of Keller Williams Southern Arizo. Listing information © 2019 MLS of Southern Arizona.


    Listing information Copyright 2019 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2019-06-27T00:06:35.39.
    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 Long Realty - The Vallee Gold Team are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
     
    Long Realty - The Vallee Gold Team
    1890 East River Road
    Tucson AZ, 85718
    Courtesy of Keller Williams Southern Arizo.
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