638 E 1St Street

    Tucson, AZ 85705
    • $600,000
    • STATUS: Active
    • ID#: 21828373
    UPDATED: 59 min ago
    $600,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,335
      SQFT
    • $180
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1921
    County:
    Area:

    School Ratings & Info

    Courtesy of Joseph Bernard Investment Re.

    Description

    Rare investment property blocks away from the University. Located in the West University submarket close to shopping, dining, and public transportation. Value add opportunity by raising rents to market rates. Seven units total, 4 - studios, 3 - 1 bedrooms. Updated interiors and exterior over the last year including a new roof in 2017. On site laundry and utility bill back add additional income.

    Monthly Payment Calculator



    Listing information Copyright 2019 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2019-03-22T14:07:01.383.
    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/88744796

    638 E 1St Street Tucson, AZ 85705

    • Price: $600,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: 21828373
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    3,335
    SQFT
    $180
    $/SQFT
    1921
    Built
    Neighborhood:
    Central
    County:
    Pima
    Area:
    Central
    Property Description
    Rare investment property blocks away from the University. Located in the West University submarket close to shopping, dining, and public transportation. Value add opportunity by raising rents to market rates. Seven units total, 4 - studios, 3 - 1 bedrooms. Updated interiors and exterior over the last year including a new roof in 2017. On site laundry and utility bill back add additional income.
    Exterior Features

    Parking Free

    Interior Features

    Main Cooling Ac CentralAc Wall Main Heating Forced Air - Elec

    Property Features

    Analysis Cap Rate Percent 6.08 Analysis Gross Rent Multi 10.14 Analysis Vacancy Rate Percent 5.00 Assessments 0.00 Country Usa Expenses Captial Expenses 1400.00 Expenses Figures Presented Actual Expenses Insurance 1505.00 Expenses Management 4172.00 Expenses Other Expenses 11201.00 Expenses Taxes Assessments 4416.00 Fema Flood Zone No Fire Protection Included in Taxes Income Adjusted Gross 59155.00 Income Gross Scheduled Rent 54900.00 Income Net Opp Income 36461.00 Income Other Income 7000.00 Income Vacancy Loss 2745.00 Lot Dimensions Unknown Lot Sqft 7800.00 Multi Tenant Yes Municipal Flood Zone No Municipality Zoning Tucson - Hr2 Property Sub Type Apartment Sewer Connected Short Sale No Source Of Sqft Assessor Tax Year 2017 Taxes 4416.11

    Listing provided courtesy of Joseph Bernard Investment Re. Listing information © 2019 MLS of Southern Arizona.


    Listing information Copyright 2019 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2019-03-22T14:07:01.383.
    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 Joseph Bernard Investment Re.
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