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
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.
More Information MLS# 21802134
Address Information
Country: USA
Street #: 3214
Direction: E
Street Name: 4th
Suffix: Street
State/Province: AZ
Zip Code: 85716
County: Pima
Location, Tax & Legal
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
Tax Code: 125-14-021F
Area: Central
Subdivision: Virginia Heights Amended
Contract Information
Method of Title: Fee (Simple)
Distressed Info: None
Current Price: $1,250,000
Sold Price: $1,250,000
Listing Date: 2018-01-20
Status: Closed
Status Change Info
Off Market Date: 2018-05-21
Sold Price/SqFt: 124.12
Lot Sz Sold Prc/SqFt: 47.04
How Sold: Conventional
Pending Date: 2018-05-01
Sold Date: 2018-05-29
Sold Price: $1,250,000
Showing Information
Directions: SPEEDWAY/ COUNTRY CLUB S, E ON 4TH STREET TO ADDRESS
General Property Information
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: Irregular
Lot Acres: 0.61
Total Parking: 12
Lot Sqft: 26572
Lot Size Source: Assessor
Horse Property: No
School District: TUSD
Elementary School: Sam Hughes
Middle School: Maxwell K-8
High School: Tucson
Horse Facilities: No
List Price/SqFt: 128.59
Lot Size Price/SqFt: 48.74
Combined SqFt: 10071
Year Built: 1963
Electric
Electric Company: TEP
Unit 1 Information
Monthly Rent: 10075
# Beds: 15
# Full Baths: 16
# Half Baths: 1
SqFt: 8544
Occupancy: No
Stories: Two
Floor: 1st
Furnished: No
Parking: On Property
Income
Vacancy Loss: 0
Other Income: 2500
Adjusted Gross: 123400
Total Expenses: 32036
Gross Scheduled Rent: 120900
Net Opp Income: 91364
Gas
None: 1
Analysis
Gross Rent Multi: 10.13
Vacancy Rate %: 0
Exp/SqFt: 3.18
Exp % of Gross: 25.96
Cap Rate %: 7.31
Construction
Frame - Stucco: 1
Expenses
Admin Expenses: 1210
Capital Expenses: 0
Contract Services: 2750
Figures Presented: Proforma
Gas/Electric: 0
Insurance: 6700
Maintenance Supplies: 2200
Management: 8596
Resident Manager: 0
Taxes/Assessments: 5300
Water/Sewer: 5280
Other Expenses: 0
Style
Contemporary: 1
Sewer
Connected: 1
Roof
Built-Up: 1
Water
Public: 1
Living Areas
Family Room: 1
Great Room: 1
Living Room: 1
Off Kitchen: 1
Dining Areas
Breakfast Nook: 1
Dining in LR/GR: 1
Eat-In Kitchen: 1
Fence
Wood: 1
Dining Room
Area: 1
View
Residential: 1
Breakfast
Area: 1
Eat-In: 1
Nook: 1
Road Type
Paved: 1
Kitchen Features
Breakfast Bar: 1
Electric Range: 1
Kitchen Island: 1
Dishwasher: 1
Refrigerator: 1
Road Maintenance
City: 1
Lot Features
East/West Exposure: 1
North/South Exposure: 1
Main Cooling
Central Air: 1
Laundry
Facility: 1
Neighborhood Features
Gated Community: 1
Paved Street: 1
Sidewalks: 1
Street Lights: 1
Walking Trail: 1
Main Heating
Electric: 1
Forced Air: 1
Extra Room
Storage: 1
Water Heater
Electric: 1
Association & Fees
HOA: No
Interior Features
Ceiling Fan(s): 1
Smoke Detector: 1
Split Bedroom Plan: 1
Storage: 1
Walk-In Closet(s): 1
Bathroom Features
Shower & Tub/Primary: 1
Shower & Tub/Hall: 1
Terms
Cash: 1
Conventional: 1
Owner Carry: 1
Floor Covering
Carpet: 1
Ceramic Tile: 1
Concrete: 1
Wood: 1
Submit With Offer
Loan Pre-Qualifiaction: 1
Proof of Funds: 1
Window Covering
Stay: 1
Accessibility Option
Wide Doorways: 1
Technology
High Speed Internet: 1
Security
Other: Gated
Sold Info
Seller Concessions: 0
Landscape - Front
Low Care: 1
Landscape - Rear
Low Care: 1
Patio/Deck
Deck: 1
Enclosed: 1
Patio: 1
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Owner
Insurance: Tenant
Landscaping: Owner
Sewer: Owner
Taxes: Owner
Trash: Owner
Water: Owner
Pool
None: 1
Property Disclosures
Seller Prop Disclosure: 1
Spa
None: 1
Special Conditions
None: 1
Driveway
None: 1
RV Parking
Other: NONE
Exterior Feature
Courtyard: 1
Subdivision Restrict
Age Restrictions: No
CC&Rs: No
Deed Restrictions: Yes
Home Protection
Offered: No
Remarks Misc
Geo Lat: 32.230885
Geo Lon: -110.924086
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
Documents
Annual Property Operating Data Sheet ›Listing Office: Bright Properties
Last Updated: December - 10 - 2024
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