638 E Lester Street, Tucson, AZ 85705 (MLS# 21713753)

$1,400,000

638 E Lester Street
Tucson, AZ 85705
MLS# 21713753
Status: Closed
9072 sqft

1 / 13

Property Description
Beautiful 6 Plex with 4 bedroom and 3 bedroom units. Built in 2008, well maintained. 5 blocks from UofA, fully leased through 7/28/2018. One of the owners is a licensed real estate broker in AZ.

Details

Maps

Address Information

Country: USA

Street #: 638

Direction: E

Street Name: Lester

Suffix: Street

State/Province: AZ

Zip Code: 85705

County: Pima

Location, Tax & Legal

Comparable Only Listing: No

Tax Year: 2016

Taxes: 7374

Assessments: 0

Legal Description: TUCSON HEIGHTS AMENDED LOTS 1 & 2 BLK 24

Township: 14

Community: None

Range: 13

Section: 1

Municipality/Zoning: Tucson – R2

Fire Protection: Included in Taxes

Tax Code: 115-02-141D

Area: Central

Subdivision: Tucson Heights Amended

Contract Information

Distressed Info: None

Current Price: $1,400,000

Sold Price: $1,400,000

Listing Date: 2017-05-01

Status: Closed

Status Change Info

Off Market Date: 2017-05-20

Sold Price/SqFt: 154.32

Lot Sz Sold Prc/SqFt: 78.39

How Sold: Conventional

Pending Date: 2017-05-20

Sold Date: 2017-05-22

Sold Price: $1,400,000

Showing Information

Directions: From Speedway and Euclid. North to Lester. West to address.

General Property Information

Lot Dimensions: Unknown

Lot Acres: 0.41

Lot Sqft: 17860

Lot Size Source: Assessor

List Price/SqFt: 159.83

Lot Size Price/SqFt: 81.19

Combined SqFt: 9072

Year Built: 2008

Unit Info

Avg Mo Rent/Studios: 0

Avg Mo Rent/1 BR: 0

Avg Mo Rent/2 BR: 0

# of Units/3 BR: 2

Avg Mo Rent/3 BR: 1950

# of Units/Other: 4

Avg Mo Rent/Other: 2600

Income

Vacancy Loss: 0

Other Income: 0

Adjusted Gross: 171600

Total Expenses: 42497

Gross Scheduled Rent: 171600

Net Opp Income: 129103

Analysis

Gross Rent Multi: 8.16

Vacancy Rate %: 0

Exp/SqFt: 4.68

Exp % of Gross: 24.77

Cap Rate %: 9.22

Construction

Frame – Stucco: 1

Expenses

Admin Expenses: 365

Capital Expenses: 3000

Contract Services: 0

Figures Presented: Proforma

Gas/Electric: 0

Insurance: 2016

Maintenance Supplies: 7000

Management: 17160

Resident Manager: 0

Taxes/Assessments: 7394

Water/Sewer: 5312

Other Expenses: 250

Sewer

Connected: 1

Water

Public: 1

Main Cooling

Central Air: 1

Main Heating

Electric: 1

Forced Air: 1

Interior Features

Interior Steps: No

Terms

Cash: 1

Conventional: 1

Security

Window Bars: 1

Sold Info

Seller Concessions: 0

Property Disclosures

Unknown: 1

Remarks Misc

Geo Lat: 32.243319

Geo Lon: -110.961394

Property Features

Construction: Frame – Stucco

Main Cooling: Central Air

Main Heating: Electric; Forced Air

Sewer: Connected

Water: Public

Security: Window Bars

Terms: Cash; Conventional

Property Disclosures: Unknown

Listing Office: Tucson Integrity Realty, LLC

Last Updated: December – 09 – 2024

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