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    1421 N Louis Avenue

    Tucson, AZ 85712
    • $550,000
    • STATUS: Active
    • ID#: 22114710
    $550,000
    • 7
      BEDS
    • 0.5
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 3,802
      SQFT
    • $145
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1979
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Courtesy of By Design Realty.

    Description

    Midtown Tri-plex with recent remodel work on all 3 units sitting on .50 acres of R-2 Zoned Land. Front Duplex has a 1600 SQ FT 3 Bed 2 Bath with partial basement and 1079 SQ FT 2 Bed 2 Bath. Stand Alone 1123 SQ FT SFR in back is a remodeled 2 Bed 2 Bath. Full description on each property in additional documents. Room to raise rents on all 3 units. 5.34% Cap Rate with current under-market rents, proforma rents could push the Cap Rate above 6.0%

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    Listing information Copyright 2021 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2021-06-25T00:06:24.473.
    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/118030819
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    1421 N Louis Avenue Tucson, AZ 85712

    • Price: $550,000
    • Status: Active
    • ID#: 22114710
    7
    Beds
    6
    Baths
    0
    ½ Baths
    0.5
    Acres
    3,802
    SQFT
    $145
    $/SQFT
    1979
    Built
    Neighborhood:
    Unsubdivided
    County:
    Pima
    Area:
    Central
    Elementary School:
    Wright
    Middle School:
    Doolen
    High School:
    Catalina
    School District:
    TUSD
    Property Description
    Midtown Tri-plex with recent remodel work on all 3 units sitting on .50 acres of R-2 Zoned Land. Front Duplex has a 1600 SQ FT 3 Bed 2 Bath with partial basement and 1079 SQ FT 2 Bed 2 Bath. Stand Alone 1123 SQ FT SFR in back is a remodeled 2 Bed 2 Bath. Full description on each property in additional documents. Room to raise rents on all 3 units. 5.34% Cap Rate with current under-market rents, proforma rents could push the Cap Rate above 6.0%
    Exterior Features

    Construction Masonry Stucco Driveway Paved Gravel Exterior Feature Storage Shed Fence Wood Landscape Front Low Care Landscape Rear Low Care Pool None Road Type Gravel Roof Shingle Rv Parking Space Available Spa None Unit1 Information Parking On Property Unit2 Information Parking On Property Unit3 Information Parking On Property View None

    Interior Features

    Bathroom Features None Breakfast None Dining Areas Dining in Lr/Gr Dining Room Area Interior Features Ceiling Fan(S)Dual Pane WindowsSmoke DetectorStorageWalk In Closets Interior Features Interior Steps No Kitchen Features DishwasherDouble SinkElectric RangeGas RangeIslandRefrigerator Main Cooling Ac CentralAc ZonedCeiling Fans Main Heating Forced Air - GasZoned - Elec Technology High Speed Internet Unit1 Information Furnished No Unit1 Information Number Half Baths 0 Unit1 Information Sqft 1079 Unit2 Information Furnished No Unit2 Information Number Half Baths 0 Unit2 Information Sqft 1600 Unit3 Information Furnished No Unit3 Information Number Half Baths 0 Unit3 Information Sqft 1123

    Property Features

    Accessibility Option None Analysis Cap Rate Percent 5.34 Analysis Exp Percent Of Gross 22.34 Analysis Exp Sqft 2.22 Analysis Gross Rent Multi 14.55 Analysis Vacancy Rate Percent 0.00 Assessments 0.00 Association And Fees Hoa No Attached Detached Detached Community None Country Usa Distressed Info None Dwelling Type 3 Plex Electric Electric Company Tep Expenses Admin Expenses 0.00 Expenses Capital Expenses 0.00 Expenses Contract Services 0.00 Expenses Figures Presented Actual Expenses Gas Electric 0.00 Expenses Insurance 1000.00 Expenses Maintenance Supplies 3600.00 Expenses Management 0.00 Expenses Other Expenses 0.00 Expenses Resident Manager 0.00 Expenses Taxes Assessments 1744.94 Expenses Water Sewer 2100.00 Fema Flood Zone No Fire Protection Included in Taxes Gas Natural Horse Facilities No Horse Property No Income Adjusted Gross 37800.00 Income Gross Scheduled Rent 37800.00 Income Net Opp Income 29355.05 Income Other Income 0.00 Income Total Expenses 8444.94 Income Vacancy Loss 0.00 Lot Dimensions 179X121x179x121 Lot Features East/West Exposure Lot Size Source Assessor Lot Sqft 21780.00 Municipal Flood Zone No Municipality Zoning Tucson - R2 Neighborhood Features None Property Disclosures Lead Based PaintLeasesMilitary Airport VctSeller Prop Disclosure Road Maintenance City Section 3 Security None Sewer Connected Special Conditions Property Sold As-Is Style Ranch Subdivision Restrict Age Restrictions No Subdivision Restrict Cc Andrs No Subdivision Restrict Deed Restrictions Yes Tax Year 2020 Taxes 1744.94 Taxes For Dwelling & Land Terms CashConventionalSubmit Total Parking 10 Township 14 Unit1 Information Floor 1st Unit1 Information Monthly Rent 1100 Unit1 Information Stories Single Unit2 Information Floor 1st Unit2 Information Monthly Rent 1200 Unit2 Information Stories Single Unit3 Information Floor 1st Unit3 Information Monthly Rent 850 Unit3 Information Stories Single Utilities Paid Cable Tv Tenant Utilities Paid Electric Tenant Utilities Paid Gas Tenant Utilities Paid Insurance Owner Utilities Paid Landscaping Owner Utilities Paid Sewer Owner Utilities Paid Taxes Owner Utilities Paid Trash Owner Utilities Paid Water Owner Water City Water

    Listing provided courtesy of By Design Realty. Listing information © 2021 MLS of Southern Arizona.


    Listing information Copyright 2021 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2021-06-25T00:06:24.473.
    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 By Design Realty.