Skip To Content
    Return to Previous Page

    602 E Lester Street

    Tucson, AZ 85705
    • $640,000
    • STATUS: Active Under Contract
    • ID#: 22027188
    Under Contract
    UPDATED: 18 min ago
    $640,000
    • 0
      BEDS
    • 0.4
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,808
      SQFT
    • $168
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1979
    County:
    Area:

    School Ratings & Info

    Courtesy of S J Fowler Real Estate.

    Description

    Prime Location! Five unit well maintained apartment complex located in the north University sub-market. The property is comprised of two buildings with a courtyard on a .4 acre corner lot completely walled with off street parking and covered patios. All units are 2/1 floor plans and include central AC/heat, in unit washer and dryer, plank vinyl and ceramic flooring and fire places in each unit. All tenants are on leases through 7/31/2021. Four or the five tenants are long term with an occupancy of 3-5 years paying under market rents. Rents can easily be raised on the next lease term. Similar units in the immediate area are a minimum of $950 per month. Financials and rent roll under documents tab.

    Monthly Payment Calculator



    Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2020-11-29T14:06:31.04.
    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/111434779
    Print Image

    602 E Lester Street Tucson, AZ 85705

    • Price: $640,000
    • Status: Active Under Contract
    • Updated: 18 min ago
    • ID#: 22027188
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.4
    Acres
    3,808
    SQFT
    $168
    $/SQFT
    1979
    Built
    Neighborhood:
    Central
    County:
    Pima
    Area:
    Central
    Property Description
    Prime Location! Five unit well maintained apartment complex located in the north University sub-market. The property is comprised of two buildings with a courtyard on a .4 acre corner lot completely walled with off street parking and covered patios. All units are 2/1 floor plans and include central AC/heat, in unit washer and dryer, plank vinyl and ceramic flooring and fire places in each unit. All tenants are on leases through 7/31/2021. Four or the five tenants are long term with an occupancy of 3-5 years paying under market rents. Rents can easily be raised on the next lease term. Similar units in the immediate area are a minimum of $950 per month. Financials and rent roll under documents tab.
    Exterior Features

    Construction Concrete Block Roof Built-Up

    Property Features

    Analysis Cap Rate Percent 5.86 Analysis Vacancy Rate Percent 1.00 Assessments 0.00 Contingent Active Contingent Country Usa Expenses Figures Presented Actual Expenses Insurance 2130.00 Expenses Maintenance Supplies 2400.00 Expenses Management 2400.00 Expenses Taxes Assessments 3590.00 Expenses Water Sewer 3403.00 Fema Flood Zone No Fire Protection Included in Taxes Income Adjusted Gross 51084.00 Income Gross Scheduled Rent 51600.00 Income Net Opp Income 37517.00 Income Vacancy Loss 516.00 Lot Dimensions 120 X 154 Lot Sqft 17424.00 Municipal Flood Zone No Municipality Zoning Tucson - R2 Property Sub Type Apartment Short Sale No Source Of Sqft Assessor Tax Year 2019 Taxes 3512.00 Total Parking 10

    Listing provided courtesy of S J Fowler Real Estate. Listing information © 2020 MLS of Southern Arizona.


    Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2020-11-29T14:06:31.04.
    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.
     
    https://bt-photos.global.ssl.fastly.net/tucson/1280_boomver_1_22027188-2.jpg https://bt-photos.global.ssl.fastly.net/tucson/1280_boomver_1_22027188-2.jpg https://bt-photos.global.ssl.fastly.net/tucson/1280_boomver_1_22027188-2.jpg
    Logo
    Long Realty - The Vallee Gold Team
    1890 East River Road
    Tucson AZ, 85718
    Courtesy of S J Fowler Real Estate.
    Google+