116 W Rillito Street

    Tucson, AZ 85705
    • $525,000
    • STATUS: Active
    • ID#: 21822301
    $525,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,392
      SQFT
    • $82
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1973
    County:
    Area:

    School Ratings & Info

    Courtesy of S J Fowler Real Estate Inc.

    Description

    Eight unit apartment complex comprised of two separately parceled fourplexes. (115-05-1300 & 115-05-1310) All are 2-1 units, 800 sqft with an eat-in kitchen and include, central AC/Heat, ceramic tile in all areas, private fenced patios and ceiling fans. Off street parking and on site laundry facilities. Over the past few years the owner has completed capital improvements to include ceramic tile in all units, ceiling fans in all bedrooms, seven water heaters have been replaced and new laundry equipment has been installed. All kitchens, baths and roofs were replaced approximately twelve years ago. Most tenants have lived there for multiple years and the landlord has kept their rent low. Market rents in the immediate area for similar units are $650. Package is attached.

    Monthly Payment Calculator



    The content relating to real estate for sale on this web site comes in part from the IDX program of the Tucson Association of REALTORS® Multiple Listing Service®. Real estate listings held by brokerage firms other than Long Realty Company are marked with the TARMLS IDX logo and detailed information about those listings includes the name of the listing brokerage. Copyright 2018 Tucson Association of REALTORS® Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Long Realty Company. Each office is independently owned and operated. Data last updated 2018-09-24T00:07:18.81.
    www.arizonahomesearch.com/homes/86633325

    116 W Rillito Street Tucson, AZ 85705

    • Price: $525,000
    • Status: Active
    • ID#: 21822301
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    6,392
    SQFT
    $82
    $/SQFT
    1973
    Built
    Neighborhood:
    Central
    County:
    Pima
    Area:
    Central
    Property Description
    Eight unit apartment complex comprised of two separately parceled fourplexes. (115-05-1300 & 115-05-1310) All are 2-1 units, 800 sqft with an eat-in kitchen and include, central AC/Heat, ceramic tile in all areas, private fenced patios and ceiling fans. Off street parking and on site laundry facilities. Over the past few years the owner has completed capital improvements to include ceramic tile in all units, ceiling fans in all bedrooms, seven water heaters have been replaced and new laundry equipment has been installed. All kitchens, baths and roofs were replaced approximately twelve years ago. Most tenants have lived there for multiple years and the landlord has kept their rent low. Market rents in the immediate area for similar units are $650. Package is attached.
    Exterior Features

    Construction Slump Block Landscape Front Low Care Landscape Rear None Parking Parking LightsShared Roof Shingle

    Interior Features

    Main Cooling Ac Central Main Heating Forced Air - Gas Water Heater Natural Gas

    Property Features

    Analysis Cap Rate Percent 7.11 Analysis Exp Percent Of Gross 32.00 Analysis Gross Rent Multi 9.69 Analysis Vacancy Rate Percent 7.50 Assessments 0.00 Country Usa Expenses Figures Presented Actual Expenses Gas Electric 1582.00 Expenses Insurance 1900.00 Expenses Maintenance Supplies 3578.00 Expenses Taxes Assessments 4204.00 Expenses Water Sewer 5594.00 Fema Flood Zone No Fire Protection Included in Taxes Income Adjusted Gross 54192.00 Income Gross Scheduled Rent 56640.00 Income Net Opp Income 37313.00 Income Other Income 1800.00 Income Vacancy Loss 4248.00 Lot Dimensions 100X150 Lot Sqft 14810.00 Municipal Flood Zone No Municipality Zoning Tucson - O3 Property Sub Type Apartment Sewer Connected Short Sale No Source Of Sqft Assessor Tax Year 2017 Taxes 2102.00 Terms CashConventional Water City



    The content relating to real estate for sale on this web site comes in part from the IDX program of the Tucson Association of REALTORS® Multiple Listing Service®. Real estate listings held by brokerage firms other than Long Realty Company are marked with the TARMLS IDX logo and detailed information about those listings includes the name of the listing brokerage. Copyright 2018 Tucson Association of REALTORS® Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Long Realty Company. Each office is independently owned and operated. Data last updated 2018-09-24T00:07:18.81.
     
    Long Realty Company
    4051 E. Sunrise Dr, Suite 101
    Tucson AZ, 85718
    Courtesy of S J Fowler Real Estate Inc.