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    128 N Hoff Avenue

    Tucson, AZ 85705
    • $468,000
    • STATUS: Active Under Contract
    • ID#: 22126236
    Under Contract
    UPDATED: 72 min ago
    $468,000
    • 7
      BEDS
    • 0.09
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 3,005
      SQFT
    • $156
      $/SQFT
    Type:
    Multi-Family
    Built:
    1920
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Courtesy of S J Fowler Real Estate.

    Description

    Tremendous opportunity! 4-plex located 1 block to the 4th Ave underpass to downtown with 5 off street parking spaces . Originally built in the early 1900s and remodeled in the 60s. The city of Tucson owned this building at one time as well. It appears the electrical and plumbing was upgraded sometime in the past. The current owner vacated all tenants and completed repairs/upgrades to include: a new roof, carpet, flooring, interior paint, window blinds etc. All 4 units are vacant and rent ready giving a buyer the ability to choose the tenants or upgrade to high end rentals or ABNB taking advantage of the high demand for luxury apartments in this part of town. Zoned C-3, commercial applications are also possible. Master metered for all utilities. Additional info is under the documents tab.

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    Listing information Copyright 2021 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2021-10-20T14:06:59.803.
    The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. 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. Listings provided by brokerages other than Tucson Property Executives are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
    www.tucsonproperty.com/homes/122284278
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    128 N Hoff Avenue Tucson, AZ 85705

    • Price: $468,000
    • Status: Active Under Contract
    • Updated: 72 min ago
    • ID#: 22126236
    7
    Beds
    5
    Baths
    0
    ½ Baths
    0.09
    Acres
    3,005
    SQFT
    $156
    $/SQFT
    1920
    Built
    Neighborhood:
    Tucson Hoffs Resub Of Blk 85
    County:
    Pima
    Area:
    Central
    Elementary School:
    Roskruge
    Middle School:
    Mansfeld
    High School:
    Tucson
    School District:
    TUSD
    Property Description
    Tremendous opportunity! 4-plex located 1 block to the 4th Ave underpass to downtown with 5 off street parking spaces . Originally built in the early 1900s and remodeled in the 60s. The city of Tucson owned this building at one time as well. It appears the electrical and plumbing was upgraded sometime in the past. The current owner vacated all tenants and completed repairs/upgrades to include: a new roof, carpet, flooring, interior paint, window blinds etc. All 4 units are vacant and rent ready giving a buyer the ability to choose the tenants or upgrade to high end rentals or ABNB taking advantage of the high demand for luxury apartments in this part of town. Zoned C-3, commercial applications are also possible. Master metered for all utilities. Additional info is under the documents tab.
    Exterior Features

    Construction Masonry Stucco Exterior Feature None Fence Wood Landscape Front Low Care Landscape Rear Low Care Patio Deck Balcony Pool None Road Type Paved Roof Built-Up Spa None Unit1 Information Parking On Property Unit2 Information Parking On Property Unit3 Information Parking On Property Unit4 Information Parking On Property View CityMountain(S)

    Interior Features

    Bathroom Features Shower & Tub/Hall Breakfast Area Dining Areas Dining in Lr/Gr Dining Room Area Driveway To Property Line Extra Room None Floor Covering CarpetConcreteVinyl Interior Features Ceiling Fan(S) Kitchen Features Refrigerator Laundry Laundry Room Living Areas Family Room Main Cooling Wall Unit(S) Main Heating Baseboard Technology Cable Tv Unit1 Information Furnished No Unit1 Information Number Half Baths 2 Unit1 Information Sqft 500 Unit2 Information Furnished No Unit2 Information Number Half Baths 0 Unit2 Information Sqft 500 Unit3 Information Furnished No Unit3 Information Number Half Baths 0 Unit3 Information Sqft 850 Unit4 Information Furnished No Unit4 Information Number Half Baths 0 Unit4 Information Sqft 1000 Water Heater Electric

    Property Features

    Accessibility Option None Analysis Cap Rate Percent 6.42 Analysis Exp Percent Of Gross 33.90 Analysis Exp Sqft 5.13 Analysis Gross Rent Multi 10.30 Analysis Vacancy Rate Percent 4.00 Assessments 0.00 Association And Fees Hoa No Attached Detached Attached Community None Contingent Active Contingent Country Usa Distressed Info None Dwelling Type 4 Plex Electric Electric Company Tep Expenses Admin Expenses 0.00 Expenses Capital Expenses 0.00 Expenses Contract Services 0.00 Expenses Figures Presented Proforma Expenses Gas Electric 1540.00 Expenses Insurance 1250.00 Expenses Maintenance Supplies 3600.00 Expenses Management 3181.00 Expenses Other Expenses 0.00 Expenses Resident Manager 0.00 Expenses Taxes Assessments 2034.00 Expenses Water Sewer 3800.00 Fema Flood Zone No Fire Protection Included in Taxes Gas None Horse Facilities No Horse Property No Income Adjusted Gross 45447.00 Income Gross Scheduled Rent 47340.00 Income Net Opp Income 30042.00 Income Other Income 0.00 Income Total Expenses 15405.00 Income Vacancy Loss 1893.00 Lot Dimensions 43' X 89' Lot Features Cul-De-Sac Lot Size Source Assessor Lot Sqft 3877.00 Municipal Flood Zone No Municipality Zoning Tucson - Hc3 Neighborhood Features Historic Property Disclosures Seller Prop Disclosure Road Maintenance City Section 12 Security None Sewer Connected Special Conditions None Subdivision Restrict Age Restrictions No Subdivision Restrict Cc Andrs No Subdivision Restrict Deed Restrictions No Tax Year 2020 Taxes 2034.28 Taxes For Dwelling & Land Terms CashConventional Total Parking 5 Township 14 Unit1 Information Floor 1st Unit1 Information Monthly Rent 875 Unit1 Information Stories Single Unit2 Information Floor 1st Unit2 Information Monthly Rent 875 Unit2 Information Stories Single Unit3 Information Floor Basement Unit3 Information Monthly Rent 995 Unit3 Information Stories Single Unit4 Information Floor 3rd Unit4 Information Monthly Rent 1200 Unit4 Information Stories Single Utilities Paid Cable Tv Tenant Utilities Paid Electric Owner Utilities Paid Gas Owner Utilities Paid Insurance Owner Utilities Paid Sewer Owner Utilities Paid Taxes Owner Utilities Paid Trash Owner Utilities Paid Water Owner Water City Water

    Listing provided courtesy of S J Fowler Real Estate. Listing information © 2021 MLS of Southern Arizona.


    Listing information Copyright 2021 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2021-10-20T14:06:59.803.
    The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. 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. Listings provided by brokerages other than Tucson Property Executives are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
     
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    Tucson Property Executives
    7355 N Oracle Rd, Suite 111
    Tucson AZ, 85704
    Courtesy of S J Fowler Real Estate.