$1,200,000
Tucson, AZ 85716
MLS# 6680919
1 / 35
Property Description
Mid Town Casitas is located in the heart of Miramonte steps to the 3rd St bike path comprised of six luxury apartments on two residential parcels. Three duplex buildings and a laundry/storage building surrounding a large courtyard with lush desert landscaping. The property has been completely remodeled to reflect old Tucson architecture with old world and modern interior finishes. All units are large 1/1 floor plans with lots of windows, front and rear entry/ext doors, plank & beam ceilings, AC/Gas heating, gas appliances, hard surface flooring, private outdoor spaces, off street parking and free laundry facilities. This property attracts quality tenants with low turn over. Can only be purchased with seller financing. See details in the offering memorandum attached under documents tab
Details
Maps
Contract Info
Current Price: $1,200,000
List Price: $1,200,000
Status: Active
List Date: 2024-03-13
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 716
Compass: N
Street Name: PALO VERDE
St Suffix: Boulevard
City/Town Code: Tucson
State/Province: AZ
Zip Code: 85716
Zip4: 4616
Country: USA
County Code: Pima
Legal Description (Abbrev): CONQUISTADOR HEIGHTS N40' W75' LOT 2 & LOT 1 EXC S98' & W70' N84.42' S182.42' THEREOF BLK 2
Subdivision: CONQUISTADOR HEIGHTS
Assessor's Map #: 11
Assessor's Parcel #: 14
Assessor Parcel Ltr: G
Add'l Parcels: Yes
Assessor Number: 125-11-014-G
Legal: CONQUISTADOR HEIGHTS N40' W75' LOT 2 & LOT 1 EXC S98' & W70' N84.42' S182.42' THEREOF BLK 2
Census Tract: 1900
Tax Municipality: Tucson
Taxes: 4120
Tax Year: 2023
Marketing Name: Conquistador Heights
General Property Description
Lot Size Dimensions: Irregular
Year Built: 1949
Total # of Units: 6
# of Buildings: 3
Zoning: R2
Flood Zone: No
Elementary School District: Tucson Unified District
High School District: Tucson Unified District
Remarks & Misc
Cross Street: Alvernon & 3rd St
Directions: Alvernon & 3rd St, west to Palo Verde, south to property
Geo Lat: 32.231292
Geo Lon: -110.917742
Status Change Info
Status Change Date: 2024-03-22
Legal Info
Township: 14
Range: 14
Section: 9
Block: 002
Lot Number: 00001
Income & Expenses
Annual Elec Exp: 300
Annual Gas Exp: 300
Annual Ins Exp: 2350
Annual Maint Exp: 2500
Annual Wtr/Swr Exp: 5325
Owner Association: No
Operating Exp: 14895
Gross Annual Sch Inc: 91080
Vacancy Allowance: 0.02
Adjusted Gross Inc: 89258.4
Net Operating Income: 71964
Pmt & Rate Info
Cap Rate: 6
Equity: 1200000
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 6
Avg Rent: 1265
Avg SqFt: 754
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Built-Up
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Amenities: See Remarks
Exterior Amenities: Desert Landscaping; Fenced; Patio/Balcony
Interior Amenities: Unfurnished; Other (See Remarks)
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Natural Gas
Cooling: Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: City Electric
Gas: Other (See Remarks)
Parking: >1 Space Per Unit
Roads/Streets: Asphalt
Owner Pays: See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Projected Proforma
Lockbox Type: None
New Financing: Other (See Remarks)
Reports/Disclosures: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: March - 26 - 2024
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