3717 E Lee Street

    Tucson, AZ 85716
    • $935,000
    • STATUS: Active
    • ID#: 21904315
    New
    UPDATED: 87 min ago
    $935,000
    • 0
      BEDS
    • 0.83
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,608
      SQFT
    • $88
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    Courtesy of S J Fowler Real Estate Inc.

    Description

    Terrace apartments, a 12 unit apartment complex located in a desirable central Tucson neighborhood within a high demand rental sub-market. The site covers .83 acres of land with three buildings surrounding a spacious courtyard. The property offers large one and two bedroom floor plans, covered parking, central AC/heating, private fenced patios and onsite laundry facilities. The unit mix consists of six 1/1 units approximately 775 sqft, four 2/1 units approximately 900 sqft and two 2/2 units approximately 1000 sqft. There is also a maintenance room of approximately 250 sqft. The property has been owner managed and well maintained since purchased in 2004. All units are currently occupied. Package is attached under the document section.

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    © 2019 MLS of Southern Arizona. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Long Realty Company. Data last updated: 2019-02-15T22:06:43.443.
    www.arizonahomesearch.com/homes/91745103

    3717 E Lee Street Tucson, AZ 85716

    • Price: $935,000
    • Status: Active
    • Updated: 87 min ago
    • ID#: 21904315
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.83
    Acres
    10,608
    SQFT
    $88
    $/SQFT
    1962
    Built
    Neighborhood:
    Central
    County:
    Pima
    Area:
    Central
    Property Description
    Terrace apartments, a 12 unit apartment complex located in a desirable central Tucson neighborhood within a high demand rental sub-market. The site covers .83 acres of land with three buildings surrounding a spacious courtyard. The property offers large one and two bedroom floor plans, covered parking, central AC/heating, private fenced patios and onsite laundry facilities. The unit mix consists of six 1/1 units approximately 775 sqft, four 2/1 units approximately 900 sqft and two 2/2 units approximately 1000 sqft. There is also a maintenance room of approximately 250 sqft. The property has been owner managed and well maintained since purchased in 2004. All units are currently occupied. Package is attached under the document section.
    Exterior Features

    Construction Concrete Block Landscape Front Low Care Parking Number Covered Parking 12 Road Type Paved Roof Built-Up

    Interior Features

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

    Property Features

    Analysis Cap Rate Percent 7.28 Analysis Gross Rent Multi 10.02 Analysis Vacancy Rate Percent 7.00 Assessments 0.00 Country Usa Expenses Figures Presented Actual Expenses Gas Electric 1048.00 Expenses Insurance 3088.00 Expenses Maintenance Supplies 2060.00 Expenses Other Expenses 226.00 Expenses Taxes Assessments 8160.00 Expenses Water Sewer 8619.00 Fema Flood Zone No Fire Protection Included in Taxes Income Adjusted Gross 93302.00 Income Gross Scheduled Rent 99480.00 Income Net Opp Income 68114.00 Income Other Income 785.00 Income Vacancy Loss 6963.00 Lot Dimensions 120 X 300 Lot Sqft 36155.00 Municipal Flood Zone No Municipality Zoning Tucson - R2 Property Sub Type Apartment Sewer Connected Short Sale No Source Of Sqft Assessor Tax Year 2017 Taxes 8159.30 Terms CashExchangeConventional Total Parking 20 Water City

    Listing provided courtesy of S J Fowler Real Estate Inc. Listing information © 2019 MLS of Southern Arizona.




    © 2019 MLS of Southern Arizona. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Long Realty Company. Data last updated: 2019-02-15T22:06:43.443.
     
    Long Realty Company
    4051 E. Sunrise Dr, Suite 101
    Tucson AZ, 85718
    Courtesy of S J Fowler Real Estate Inc.