127 W Lester Street 157, Tucson, AZ 85705 (MLS# 2402348)

$1,105,000

127 W Lester Street 157
Tucson, AZ 85705
MLS# 2402348
Status: Closed
12070 sqft

1 / 1

Property Description
New construction to be built in spring of 2004. 10 detached houses on 5 lots – separate tax codes allow easy financing. Ten units each have 4 BR/2 BA. Potential student housing or Sec. 8 available. Four additional tax codes are 115-07-0440, 115-07-0450, 115-07-0460, 115-07-0470. For individual duplex see MLS# 2402350. Picture of SFR built previously by same builder. See attached documents to view package. www.invest-tucson.com

Details

Maps

Address Information

Apt/Unit #: 157

Country: USA

Street #: 127

Direction: W

Street Name: Lester

Suffix: Street

State/Province: AZ

Zip Code: 85705

County: Pima

Location, Tax & Legal

Tax Year: 2003

Taxes: 2023

Assessments: 0

Legal Description: Bronx Park Lots 1 2 3 4 & 5 Blk 40.

Township: 14

Community: None

Range: 13

Section: 1

Municipality/Zoning: Tucson – R2

Fire Protection: Included in Taxes

Tax Code: 115-07-043A

Area: Central

Subdivision: Bronx Park Addition

Status Change Info

Off Market Date: 2004-11-19

Sold Price/SqFt: 91.54

Lot Sz Sold Prc/SqFt: 29.47

How Sold: Conventional

Pending Date: 2004-08-02

Sold Date: 2004-11-19

Sold Price: $1,105,000

General Property Information

Lot Dimensions: 247.5x125app.

Lot Acres: 0.86

Lot Sqft: 37486

Lot Size Source: Assessor

List Price/SqFt: 91.55

Lot Size Price/SqFt: 29.47

Combined SqFt: 12070

Year Built: 2004

Showing Information

Directions: From Grant/Stone, south to Lester, west to SE corner of Lester/10th Ave.

Unit Info

# of Units/Other: 10

Avg Mo Rent/Other: 1050

Income

Vacancy Loss: 6300

Adjusted Gross: 119700

Total Expenses: 29620

Gross Scheduled Rent: 126000

Net Opp Income: 90080

Analysis

Gross Rent Multi: 9.23

Vacancy Rate %: 5

Exp/SqFt: 2.45

Exp % of Gross: 24.74

Cap Rate %: 8.15

Construction

Frame – Stucco: 1

Expenses

Insurance: 4800

Maintenance Supplies: 2500

Management: 9520

Taxes/Assessments: 8000

Water/Sewer: 3000

Other Expenses: 1800

Sewer

Connected: 1

Water

Public: 1

Main Cooling

Central Air: 1

Main Heating

Forced Air: 1

Natural Gas: 1

Interior Features

Interior Steps: No

Terms

Cash: 1

Conventional: 1

Security

None: 1

Sold Info

Financing: 1

Property Disclosures

Unknown: 1

Miscellaneous

Master Elec Meter: No

Master Gas Meter: No

Master Water Meter: Yes

Package Available: No

Contract Information

Current Price: $1,105,000

Sold Price: $1,105,000

Listing Date: 2004-01-20

Status: Closed

Remarks Misc

Geo Lat: 32.243484

Geo Lon: -110.974722

Property Features

Construction: Frame – Stucco

Main Cooling: Central Air

Main Heating: Forced Air; Natural Gas

Sewer: Connected

Water: Public

Security: None

Terms: Cash; Conventional

Property Disclosures: Unknown

Sold Info: Financing

Listing Office: RE/MAX All Executives

Last Updated: October – 25 – 2024

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