Listing ID6449053
Sold For$440,000
StatusClosed
Sold Date2/28/2023
CountyPima
SubdivisionSPEEDWAY 1
Year Built1971
Property TypeMultiple Dwellings
One unit vacant ideal for an owner occupant. Beautifully updated and turnkey duplex located in a desirable midtown neighborhood. Both units offer large two bedroom two bath floor plans, central AC with gas heating, in unit washer and dryer, exposed interior block walls, private covered parking and fenced private yards. Both units have just undergone a complete remodel to include all new kitchens & baths, stainless appliances, hard surface countertops, electrical and plumbing fixtures, interior and exterior paint and durable plank vinyl flooring. Both AC units are new and both water heaters are approximately two years old. The roof was re-coated with a premium 10 year product. All work was performed by a licensed general contractor. Additional information under the documents tab.
County
Pima
Property Type
Multiple Dwellings
Subdivision
SPEEDWAY 1
Year Built
1971
Zoning
R2
2 Bedroom Units # Baths
2
2 Bedroom Units Avg SqFt
990
Cooling
Central A/C, Ceiling Fan(s)
Cooling
yes
Heating
Natural Gas
Heating
yes
Country
US
Directions
Speedway & Alvernon roads, north on Alvernon to Fairmount east to property.
Elementary School District
Out of Area
General Property Description Elementary School District2
Out of Area
General Property Description High School District
Out of Area
High School District
Out of Area
Postal City
Tucson
Township
14
Water Source
City Franchise
Attached Garage
no
Construction Materials
Painted, Block
Covered Spaces
4
Electric
Other (See Remarks)
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
62' x 100'
General Property Description Total # of Units
2
Lot Size Dimensions
62' x 100'
Number Of Buildings
1
Number Of Units Total
2
Parking Carport
1
Parking Features
>1 Space Per Unit, Common
Parking Total
4
Road Surface Type
Asphalt
Roof
Built-Up
Sewer
Sewer-In & Connected
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
14
Public Survey Section
3
2 Bedroom Units Avg Rent
1595
Cap Rate
6.28
Disclosures
Other (See Remarks)
Gross Income
36366
Gross Scheduled Income
38280
Insurance Expense
1200
Listing Terms
Conventional
Maintenance Expense
2000
Net Operating Income
28884
Operating Expense
11394
Other Expense
400
Owner Pays
Other
Professional Management Expense
3146
Tax Annual Amount
2048
Tax Block
006
Tax Book Number
122.00
Tax Lot
00007
Tax Year
2021
Tenant Pays
See Remarks
Water Sewer Expense
2000
Contact - Listing ID 6449053
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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