Listing ID6415073
Price$420,000
StatusActive
CountyPima
SubdivisionGRANT ROAD PARK 2
Year Built1976
Property TypeMultifamily Residential
Property Sub TypeTri-Plex
Triplex, great central location near Tucson Blvd & Grant Roads. Very well maintained by the same owner of forty two years, no deferred maintenance. All units are 2/1 floor plans, 865 sq ft each and include: off street parking, central AC/heat, ceramic or vinyl plank flooring, eat in kitchen, walk in closets, separate storage rm. and private fenced back yard. The property includes coin op laundry machines (just purchased new) for extra income and additional parking in the rear of the lot. Tenants pay a monthly water fee in addition to rent. All three units currently leased. Rents are below market and can easily be increased without any improvements to the property. Roof recently re-coated, two water heaters and one AC unit recently replaced. Additional information under documents tab.
County
Pima
Property Sub Type
Tri-Plex
Property Type
Multifamily Residential
Subdivision
GRANT ROAD PARK 2
Year Built
1976
Zoning
R2
2 Bedroom Units
3
2 Bedroom Units: Average SqFt
865
2 Bedroom Units: Number of Baths
1
Appliances Included
F/S Oven/Range, Refrigerator
Cooling
Central A/C
Floors
Ceramic Tile, Vinyl
Heating
Other
Interior Amenities
Fire/Smoke Alarm(s), Unfurnished
Total Units
3
Construction
Block
Exterior Amenities
Desert Landscaping, Fenced, Patio/Balcony, RV/Boat Parking
Exterior Finish
Painted
Lot Size Dimensions
100x110
Parking
>1 Space Per Unit, Add'l Parking Avail, RV/Boat Parking
Roads/Streets
Asphalt
Roofing
Built-Up
Total Parking Spaces
12
Country
USA
Cross Street
Glenn & Tucson Blvd
High School District Number
000 - Out of Area
Lot Number
00010
Map Code/Grid
C76
Range
14
School District
000 - Out of Area
Section
32
Township
13
Community Amenities
No Pool
Electric
City Electric
Entry Timestamp
2022-06-10T14:31:53+00:00
Gas
City Gas
Marketing Name
Grant Road Park
Owner Association
No
Sewer
Sewer - Public
Vacancy Allowance
0.03
Water
City Franchise
2 Bedroom Units: Average Rent
799
Adjusted Gross Income
30310.56
Annual Insurance Expense
960
Annual Maintenance Expense
2400
Annual Water/Sewer Expense
2160
Contingency Type
UCB (Under Contract-Backups)
Financial Data Source
Projected Proforma
Gross Annual Scheduled Income
28368
Net Operating Income
22030
New Financing
Conventional
Operating Expense
8367
Other Income
2880
Owner Pays
Other
Sale Includes
Land & Building
Tax Municipality
Tucson
Taxes
2847
Tenant Pays
Other (See Remarks)
Contact - Listing ID 6415073
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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