638 E Lester Street, Tucson, AZ 85705
$1,400,000
Property Type:
Multi-Family
Square Footage:
9,072
Lot Size (sq. ft.):
81
Status:
Closed
Current Price:
$1,400,000
List Date:
5/20/2017
Last Modified:
12/09/2024
Description
Beautiful 6 Plex with 4 bedroom and 3 bedroom units. Built in 2008, well maintained. 5 blocks from UofA, fully leased through 7/28/2018. One of the owners is a licensed real estate broker in AZ.
More Information MLS# 21713753
Address Information
Country: USA
Street #: 638
Direction: E
Street Name: Lester
Suffix: Street
State/Province: AZ
Zip Code: 85705
County: Pima
Location, Tax & Legal
Comparable Only Listing: No
Tax Year: 2016
Taxes: 7374
Assessments: 0
Legal Description: TUCSON HEIGHTS AMENDED LOTS 1 & 2 BLK 24
Township: 14
Community: None
Range: 13
Section: 1
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
Tax Code: 115-02-141D
Area: Central
Subdivision: Tucson Heights Amended
Contract Information
Distressed Info: None
Current Price: $1,400,000
Sold Price: $1,400,000
Listing Date: 2017-05-01
Status: Closed
Status Change Info
Off Market Date: 2017-05-20
Sold Price/SqFt: 154.32
Lot Sz Sold Prc/SqFt: 78.39
How Sold: Conventional
Pending Date: 2017-05-20
Sold Date: 2017-05-22
Sold Price: $1,400,000
Showing Information
Directions: From Speedway and Euclid. North to Lester. West to address.
General Property Information
Lot Dimensions: Unknown
Lot Acres: 0.41
Lot Sqft: 17860
Lot Size Source: Assessor
List Price/SqFt: 159.83
Lot Size Price/SqFt: 81.19
Combined SqFt: 9072
Year Built: 2008
Unit Info
Avg Mo Rent/Studios: 0
Avg Mo Rent/1 BR: 0
Avg Mo Rent/2 BR: 0
# of Units/3 BR: 2
Avg Mo Rent/3 BR: 1950
# of Units/Other: 4
Avg Mo Rent/Other: 2600
Income
Vacancy Loss: 0
Other Income: 0
Adjusted Gross: 171600
Total Expenses: 42497
Gross Scheduled Rent: 171600
Net Opp Income: 129103
Analysis
Gross Rent Multi: 8.16
Vacancy Rate %: 0
Exp/SqFt: 4.68
Exp % of Gross: 24.77
Cap Rate %: 9.22
Construction
Frame - Stucco: 1
Expenses
Admin Expenses: 365
Capital Expenses: 3000
Contract Services: 0
Figures Presented: Proforma
Gas/Electric: 0
Insurance: 2016
Maintenance Supplies: 7000
Management: 17160
Resident Manager: 0
Taxes/Assessments: 7394
Water/Sewer: 5312
Other Expenses: 250
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Central Air: 1
Main Heating
Electric: 1
Forced Air: 1
Interior Features
Interior Steps: No
Terms
Cash: 1
Conventional: 1
Security
Window Bars: 1
Sold Info
Seller Concessions: 0
Property Disclosures
Unknown: 1
Remarks Misc
Geo Lat: 32.243319
Geo Lon: -110.961394
Property Features
Construction: Frame - Stucco
Main Cooling: Central Air
Main Heating: Electric; Forced Air
Sewer: Connected
Water: Public
Security: Window Bars
Terms: Cash; Conventional
Property Disclosures: Unknown
Listing Office: Tucson Integrity Realty, LLC
Last Updated: December - 09 - 2024
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