242 N 2Nd Avenue, Tucson, AZ 85705 (MLS# 21119441)

$177,500

242 N 2Nd Avenue
Tucson, AZ 85705
MLS# 21119441
Status: Closed
3365 sqft

1 / 3

Property Description
Rare income opportunity in U of A area, unique property convenient to downtown, the University of Arizona and I-10. TLC is needed but with a little love these properties could be shining stars again. Income generating property with nice cash flow. Please do not disturb tenants.

Details

Maps

Address Information

Street #: 242

Direction: N

Street Name: 2Nd

Suffix: Avenue

State/Province: AZ

Zip Code: 85705

County: Pima

Country: USA

Location, Tax & Legal

Tax Code: 117-06-010A

Tax Year: 2010

Taxes: 3309

Legal Description: Tucson N75′ W92’& N2.5′ S34′ N109′ W92′ W2 blk 78

Area: Central

Subdivision: Tucson

Township: 14

Range: 13

Section: 12

Municipality/Zoning: Tucson – R3

Fire Protection: Included in Taxes

Community: None

Contract Information

Current Price: $177,500

Sold Price: $177,500

Listing Date: 2011-07-20

Status: Closed

Co-Op Fee: 3%

Distressed Info: None

Status Change Info

Off Market Date: 2011-09-16

Pending Date: 2011-09-29

Sold Date: 2011-10-07

Sold Price: $177,500

Sold Price/SqFt: 52.75

Lot Sz Sold Prc/SqFt: 1109375

How Sold: Cash

Showing Information

Directions: Euclid/8th St W 2nd Ave to address

General Property Information

Dwelling Type: 3 Plex

Lot Dimensions: 72x92x72x92

Lot Sqft: 0.16

Lot Size Source: Assessor

Combined SqFt: 3365

Year Built: 1922

List Price/SqFt: 57.92

Lot Size Price/SqFt: 1218125

Remarks & Misc

Geo Lat: 32.224919

Geo Lon: -110.962209

Unit Info

# of Units/1 BR: 1

Avg Mo Rent/1 BR: 300

# of Units/2 BR: 1

Avg Mo Rent/2 BR: 795

# of Units/3 BR: 1

Avg Mo Rent/3 BR: 880

Analysis

Cap Rate %: 10.46

Gross Rent Multi: 8.22

Exp/SqFt: 0.98

Exp % of Gross: 13.96

Income

Gross Scheduled Rent: 23700

Adjusted Gross: 23700

Total Expenses: 3309

Net Opp Income: 20391

Expenses

Taxes/Assessments: 3309

Figures Presented: Actual

Interior Features

Interior Steps: Yes

Miscellaneous

Master Water Meter: Yes

Property Features

Construction: Brick

Main Cooling: Evaporative Cooling; Wall Unit(s)

Main Heating: Floor Furnace

Sewer: Connected

Water: City Water

Security: None

Terms: Cash; Conventional

Property Disclosures: Unknown

Listing Office: Tierra Antigua Realty

Last Updated: April – 11 – 2018

242 N 2Nd Avenue, Tucson, AZ 85705 - MLS# 21119441

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