3717 E Lee Street, Tucson, AZ 85716 (MLS# 22115786)

$1,500,000

3717 E Lee Street
Tucson, AZ 85716
MLS# 22115786
Status: Closed
10608 sqft

1 / 15

All washers and Dryers and Vending machines Owner owned and transfers with sale

Property Description
All of the units have been remodeled, Great Rental mix of 1 and 2 Bedroom units. 100%
occupied, Half of the units are earth tones and half are Grey tones. Renovated laundry room
with 4 new washers and 4 new Dryers, new mini split, (owner owned). Vending Machine in Laundry Rm. (owner owned). New Irrigation system, new gravel and Rock, New Roof coating, Asphalt seal coated parking lot with new strips, done in 2002. 12 covered and 12 uncovered parking spaces. All Stainless Steal Appliance. 6 units have brand new A/C units. Great location in Central Tucson.

Details

Maps

Documents

Address Information

Country: USA

Street #: 3717

Direction: E

Street Name: Lee

Suffix: Street

State/Province: AZ

Zip Code: 85716

County: Pima

Location, Tax & Legal

Tax Year: 2020

Taxes: 8024.74

Assessments: 0

Legal Description: Speedway Park Lot 7 Blk 2

Municipality/Zoning: Tucson – R2

Fire Protection: Included in Taxes

FEMA Flood Zone: No

Municipal Flood Zone: No

Tax Code: 122-18-0570

Area: Central

Contract Information

Method of Title: Fee (Simple)

Short Sale: No

Current Price: $1,500,000

Sold Price: $1,500,000

Listing Date: 2021-06-18

Status: Closed

Status Change Info

Off Market Date: 2021-08-12

Sold Price/SqFt: 141.4

Lot Sz Sold Prc/SqFt: 40.85

Financing: Conventional

Pending Date: 2021-08-12

Sold Date: 2021-10-12

Sold Price: $1,500,000

Showing Information

Directions: North on Alvernon from Speedway to Lee St, West to address

General Property Information

Property Sub-Type: Apartment

Construction Status: Existing

# Units: 12

Lot Dimensions: 120 x 300

Lot Acres: 0.84

Total Parking: 24

Lot Sqft: 36720

Multi-Tenant: Yes

Lot Size Source: Assessor

Source of SqFt: Assessor

List Price/SqFt: 141.4

Lot Size Price/SqFt: 40.85

Year Built: 1962

Combined SqFt: 10608

Electric

Electric Company: TEP

Income

Vacancy Loss: 5712

Other Income: 4000

Adjusted Gross: 112328

Gross Scheduled Rent: 114040

Gas

Natural: 1

Analysis

Gross Rent Multi: 13.35

Vacancy Rate %: 5.01

Cap Rate %: 4.87

Construction

Masonry Stucco: 1

Expenses

Admin Expenses: 992

Captial Expenses: 3000

Figures Presented: Actual

Gas/Electric: 1193

Insurance: 1869

Maintenance Supplies: 7068

Management: 6000

Taxes/Assessments: 8024

Other Expenses: 1624

Sewer

Connected: 1

Unit Information

Apartment: Low Rise

Apartment Unit Information

# of Units/1 BR: 6

Avg Mo Rent/1 BR: 725

# of Units/2 BR: 6

Avg Mo Rent/2 BR: 862

Roof

Built-Up – Reflect: 1

Water

Public: 1

Road Type

Paved: 1

Main Cooling

Central Air: 1

Main Heating

Forced Air: 1

Natural Gas: 1

Water Heater

Natural Gas: 1

Sold Info

Seller Concessions: 0

Remarks Misc

Geo Lat: 32.242097

Geo Lon: -110.913294

Property Features

Construction: Masonry Stucco

Roof: Built-Up – Reflect

Main Cooling: Central Air

Main Heating: Forced Air; Natural Gas

Water Heater: Natural Gas

Gas: Natural

Sewer: Connected

Water: Public

Road Type: Paved

Listing Documents

Listing Office: Long Realty

Last Updated: December – 14 – 2024

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