1662 N Jerrie Boulevard, Tucson, AZ 85712 (MLS# 21225047)

$196,000

1662 N Jerrie Boulevard
Tucson, AZ 85712
MLS# 21225047
Status: Closed
3200 sqft

1 / 14

Property Description
10% cap rate- check the numbers!! This four-plex has just been renovated, and is ready to make money! All units have new tile, fresh paint, new countertops, and new appliances. A large laundry room is located in each apartment, and the new washer/dryer units are included. All of the apartments have private, fenced yards, and also feature covered parking. Three units are leased at $600, and the last one has been left vacant for showing. All deferred maintenance has been addressed- this one really is ready to go! The seller’s contractor is in the process of finishing some interior details, and all exterior woodwork is scheduled to be painted within a week. The four units are housed in two duplex buildings, and have two water meters. Electric is split four ways. No gas.

Details

Maps

Address Information

Street #: 1662

Direction: N

Street Name: Jerrie

Suffix: Boulevard

State/Province: AZ

Zip Code: 85712

County: Pima

Country: USA

Location, Tax & Legal

Tax Code: 122-12-285A

Tax Year: 2011

Taxes: 2929.26

Legal Description: Parcel:001010010/Speedway Amended E60′ of N232′ of Lot 8 & W30′ Of N232′ Of Lot 9 Exc S72.5′ Thereof & Less Pima Blk 13

Area: Central

Subdivision: Speedway Amended

Township: 14

Range: 14

Section: 3

Municipality/Zoning: Tucson – R2

Fire Protection: Included in Taxes

Community: None

Contract Information

Current Price: $196,000

Sold Price: $196,000

Listing Date: 2012-10-11

Status: Closed

Co-Op Fee: 3%

Distressed Info: None

Status Change Info

Off Market Date: 2012-11-05

Pending Date: 2013-01-02

Sold Date: 2013-01-02

Sold Price: $196,000

Sold Price/SqFt: 61.25

Lot Sz Sold Prc/SqFt: 15.52

How Sold: FHA

Showing Information

Directions: From Pima and Columbus, go east to Jerrie, and south to address.

General Property Information

Dwelling Type: 4 Plex

Lot Dimensions: 0 x 0

Lot Acres: 0.29

Lot Sqft: 12632

Lot Size Source: Assessor

Combined SqFt: 3200

Year Built: 1978

List Price/SqFt: 62.19

Lot Size Price/SqFt: 15.75

Remarks & Misc

Geo Lat: 32.243093

Geo Lon: -110.899982

Unit Info

# of Units/2 BR: 4

Avg Mo Rent/2 BR: 600

Analysis

Cap Rate %: 10.07

Gross Rent Multi: 6.91

Exp/SqFt: 2.74

Exp % of Gross: 30.45

Income

Gross Scheduled Rent: 28800

Adjusted Gross: 28800

Total Expenses: 8769

Net Opp Income: 20031

Expenses

Insurance: 1000

Maintenance Supplies: 1000

Management: 2880

Taxes/Assessments: 2929

Water/Sewer: 960

Figures Presented: Proforma

Sold Info

Seller Concessions: 5880

Seller Paid Repairs: 650

Property Features

Construction: Slump Block

Main Cooling: Central Air; Evaporative Cooling; Wall Unit(s)

Main Heating: Electric; Forced Air

Sewer: Connected

Water: City Water

Security: None

Terms: Cash; Conventional; Submit

Property Disclosures: Unknown

Listing Office: Habitation Realty ERA Powered

Last Updated: November – 01 – 2019

1662 N Jerrie Boulevard, Tucson, AZ 85712 - MLS# 21225047

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