3214 E 4th Street, Tucson, AZ 85716 (MLS# 21802134)

$1,250,000

3214 E 4th Street
Tucson, AZ 85716
MLS# 21802134
Status: Closed
10071 sqft

1 / 14

Property Description
MIDTOWN FLATS! TURNKEY RENTAL OPPORTUNITY. ANNUAL PROPERTY OPERATING DATA SHEET IS ATTACHED!! 11 beautifully-renovated units on over half an acre in top location. This property sits on a charming dead end street on the 3rd St bike path through Sam Hughes and the UofA. It has undergone a thorough renovation including the construction of a brand new unit. New roofs, many new HVAC’s, lots of new plumbing and electrical related to new construction unit and a total cosmetic overhaul throughout. All units in great condition. There is considerable upside to market rents, since many of the new tenants received a discounted rent to compensate for major construction. This is not your typical generic, beige 1980’s product. PRIME LOCATION! One of owners is Licensed Agent in the State of Arizona.

Details

Maps

Documents

Address Information

Country: USA

Street #: 3214

Direction: E

Street Name: 4th

Suffix: Street

State/Province: AZ

Zip Code: 85716

County: Pima

Location, Tax & Legal

Comparable Only Listing: No

Tax Year: 2017

Taxes: 3688.35

Assessments: 0

Taxes For: Dwelling & Land

Legal Description: VIRGINIA HEIGHTS AMENDED LOTS 20 21 & 22
EXC N100′ E44′ THEREOF & EXC PTN W5′ N40′
LOT 20 BLK 1

Township: 14

Community: None

Range: 14

Section: 9

Municipality/Zoning: Tucson – R3

Fire Protection: Included in Taxes

FEMA Flood Zone: No

Municipal Flood Zone: No

Tax Code: 125-14-021F

Area: Central

Subdivision: Virginia Heights Amended

Contract Information

Method of Title: Fee (Simple)

Distressed Info: None

Current Price: $1,250,000

Sold Price: $1,250,000

Listing Date: 2018-01-20

Status: Closed

Status Change Info

Off Market Date: 2018-05-21

Sold Price/SqFt: 124.12

Lot Sz Sold Prc/SqFt: 47.04

How Sold: Conventional

Pending Date: 2018-05-01

Sold Date: 2018-05-29

Sold Price: $1,250,000

Showing Information

Directions: SPEEDWAY/ COUNTRY CLUB S, E ON 4TH STREET TO ADDRESS

General Property Information

Attached/Detached: Attached

Construction Status: Existing

Lot Dimensions: Irregular

Lot Acres: 0.61

Total Parking: 12

Lot Sqft: 26572

Lot Size Source: Assessor

Horse Property: No

School District: TUSD

Elementary School: Sam Hughes

Middle School: Maxwell K-8

High School: Tucson

Horse Facilities: No

List Price/SqFt: 128.59

Lot Size Price/SqFt: 48.74

Combined SqFt: 10071

Year Built: 1963

Electric

Electric Company: TEP

Unit 1 Information

Monthly Rent: 10075

# Beds: 15

# Full Baths: 16

# Half Baths: 1

SqFt: 8544

Occupancy: No

Stories: Two

Floor: 1st

Furnished: No

Parking: On Property

Income

Vacancy Loss: 0

Other Income: 2500

Adjusted Gross: 123400

Total Expenses: 32036

Gross Scheduled Rent: 120900

Net Opp Income: 91364

Gas

None: 1

Analysis

Gross Rent Multi: 10.13

Vacancy Rate %: 0

Exp/SqFt: 3.18

Exp % of Gross: 25.96

Cap Rate %: 7.31

Construction

Frame – Stucco: 1

Expenses

Admin Expenses: 1210

Capital Expenses: 0

Contract Services: 2750

Figures Presented: Proforma

Gas/Electric: 0

Insurance: 6700

Maintenance Supplies: 2200

Management: 8596

Resident Manager: 0

Taxes/Assessments: 5300

Water/Sewer: 5280

Other Expenses: 0

Style

Contemporary: 1

Sewer

Connected: 1

Roof

Built-Up: 1

Water

Public: 1

Living Areas

Family Room: 1

Great Room: 1

Living Room: 1

Off Kitchen: 1

Dining Areas

Breakfast Nook: 1

Dining in LR/GR: 1

Eat-In Kitchen: 1

Fence

Wood: 1

Dining Room

Area: 1

View

Residential: 1

Breakfast

Area: 1

Eat-In: 1

Nook: 1

Road Type

Paved: 1

Kitchen Features

Breakfast Bar: 1

Electric Range: 1

Kitchen Island: 1

Dishwasher: 1

Refrigerator: 1

Road Maintenance

City: 1

Lot Features

East/West Exposure: 1

North/South Exposure: 1

Main Cooling

Central Air: 1

Laundry

Facility: 1

Neighborhood Features

Gated Community: 1

Paved Street: 1

Sidewalks: 1

Street Lights: 1

Walking Trail: 1

Main Heating

Electric: 1

Forced Air: 1

Extra Room

Storage: 1

Water Heater

Electric: 1

Association & Fees

HOA: No

Interior Features

Ceiling Fan(s): 1

Smoke Detector: 1

Split Bedroom Plan: 1

Storage: 1

Walk-In Closet(s): 1

Bathroom Features

Shower & Tub/Primary: 1

Shower & Tub/Hall: 1

Terms

Cash: 1

Conventional: 1

Owner Carry: 1

Floor Covering

Carpet: 1

Ceramic Tile: 1

Concrete: 1

Wood: 1

Submit With Offer

Loan Pre-Qualifiaction: 1

Proof of Funds: 1

Window Covering

Stay: 1

Accessibility Option

Wide Doorways: 1

Technology

High Speed Internet: 1

Security

Other: Gated

Sold Info

Seller Concessions: 0

Landscape – Front

Low Care: 1

Landscape – Rear

Low Care: 1

Patio/Deck

Deck: 1

Enclosed: 1

Patio: 1

Utilities Paid

Cable TV: Tenant

Electric: Tenant

Gas: Owner

Insurance: Tenant

Landscaping: Owner

Sewer: Owner

Taxes: Owner

Trash: Owner

Water: Owner

Pool

None: 1

Property Disclosures

Seller Prop Disclosure: 1

Spa

None: 1

Special Conditions

None: 1

Driveway

None: 1

RV Parking

Other: NONE

Exterior Feature

Courtyard: 1

Subdivision Restrict

Age Restrictions: No

CC&Rs: No

Deed Restrictions: Yes

Home Protection

Offered: No

Remarks Misc

Geo Lat: 32.230885

Geo Lon: -110.924086

Property Features

Construction: Frame – Stucco

Style: Contemporary

Roof: Built-Up

Living Areas: Family Room; Great Room; Living Room; Off Kitchen

Dining Areas: Breakfast Nook; Dining in LR/GR; Eat-In Kitchen

Dining Room: Area

Breakfast: Area; Eat-In; Nook

Kitchen Features: Breakfast Bar; Electric Range; Kitchen Island; Dishwasher; Refrigerator

Bathroom Features: Shower & Tub/Primary; Shower & Tub/Hall

Laundry: Facility

Extra Room: Storage

Interior Features: Ceiling Fan(s); Smoke Detector; Split Bedroom Plan; Storage; Walk-In Closet(s)

Floor Covering: Carpet; Ceramic Tile; Concrete; Wood

Window Covering: Stay

Technology: High Speed Internet

Main Cooling: Central Air

Main Heating: Electric; Forced Air

Water Heater: Electric

Gas: None

Sewer: Connected

Water: Public

Accessibility Option: Wide Doorways

Pool: None

Spa: None

Fence: Wood

Landscape – Front: Low Care

Landscape – Rear: Low Care

View: Residential

Road Type: Paved

Driveway: None

Exterior Feature: Courtyard

Lot Features: East/West Exposure; North/South Exposure

Neighborhood Features: Gated Community; Paved Street; Sidewalks; Street Lights; Walking Trail

Terms: Cash; Conventional; Owner Carry

Submit With Offer: Loan Pre-Qualifiaction; Proof of Funds

Property Disclosures: Seller Prop Disclosure

Special Conditions: None

Listing Documents

Annual Property Operating Data Sheet

Listing Office: Bright Properties

Last Updated: December – 10 – 2024

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