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2461 N Alvernon Way

Tucson, AZ 85712
  • $230,000
  • STATUS: Active
  • ID#: 22414576
UPDATED: 60 min ago
$230,000
  • 2
    BEDS
  • 0.28
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,190
    SQFT
  • $193
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1954
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Courtesy of Realty Executives Arizona Territory.

Description

This property features two casitas, each with its own backyard with O-3 zoning, it provides a versatile opportunity for immediate rental income and long-term development. Located in an Opportunity Zone, the property offers attractive tax incentives for investors. The strategic location enhances its appeal, being close to key amenities and commercial centers. Most units are ripe for improvements, presenting substantial opportunities to boost rental income. This property is a prime candidate for both income generation and future growth. Range $230,000-$250,000. Must be sold with MLS#22414577

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MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2024-07-18T18:07:11.803.
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/151555094
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2461 N Alvernon Way Tucson, AZ 85712

  • Price: $230,000
  • Status: Active
  • On Site: Days
  • Updated: 60 min ago
  • ID#: 22414576
2
Beds
2
Baths
0
½ Baths
0.28
Acres
1,190
SQFT
$193
$/SQFT
1954
Built
Neighborhood:
Catalina Farms Annex
County:
Pima
Area:
Central
Elementary School:
Wright
Middle School:
Doolen
High School:
Catalina
School District:
TUSD
Property Description
This property features two casitas, each with its own backyard with O-3 zoning, it provides a versatile opportunity for immediate rental income and long-term development. Located in an Opportunity Zone, the property offers attractive tax incentives for investors. The strategic location enhances its appeal, being close to key amenities and commercial centers. Most units are ripe for improvements, presenting substantial opportunities to boost rental income. This property is a prime candidate for both income generation and future growth. Range $230,000-$250,000. Must be sold with MLS#22414577
Exterior Features

Construction Brick Exterior Feature Dog Run Fence Wood Landscape Front Decorative GravelLow Care Landscape Rear Low Care Patio Deck Covered Pool None Road Type Paved Roof Built-Up Rv Parking Space Available Spa None Unit1 Information Parking On Property Unit2 Information Parking On Property View Mountain(s)

Interior Features

Bathroom Features Shower Only/Primary Breakfast None Dining Areas Eat-In Kitchen Dining Room None Driveway Circular Extra Room None Floor Covering Ceramic TileConcrete Interior Features Ceiling Fan(s) Kitchen Features Gas RangeRefrigerator Kitchen Features Countertops Concrete overlay Laundry Outside Living Areas Living RoomOff Kitchen Main Cooling Evaporative Cooling Main Heating Floor FurnaceWall Technology High Speed Internet Unit1 Information Furnished No Unit1 Information Number Half Baths 0 Unit1 Information Sqft 500 Unit2 Information Furnished No Unit2 Information Number Half Baths 0 Unit2 Information Sqft 690 Water Heater Natural Gas

Property Features

Accessibility Option None Analysis Cap Rate Percent 5.50 Analysis Exp Percent Of Gross 35.93 Analysis Exp Sqft 5.96 Analysis Gross Rent Multi 11.65 Analysis Vacancy Rate Percent 4.34 Assessments 0.00 Association And Fees Hoa No Attached Detached Detached Community None Country USA Distressed Info None Dwelling Type 2 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 1482.00 Expenses Maintenance Supplies 359.00 Expenses Management 1800.00 Expenses Other Expenses 0.00 Expenses Resident Manager 0.00 Expenses Taxes Assessments 2128.88 Expenses Water Sewer 1324.80 Fema Flood Zone No Fire Protection Included in Taxes Gas Natural Horse Facilities No Horse Property No Income Adjusted Gross 19745.00 Income Gross Scheduled Rent 20640.00 Income Net Opp Income 12650.32 Income Other Income 0.00 Income Total Expenses 7094.68 Income Vacancy Loss 895.00 Lot Dimensions See new Assesors Map Lot Features East/West Exposure Lot Size Source Assessor Lot Sqft 12328.00 Municipal Flood Zone No Municipality Zoning Tucson - O3 Neighborhood Features None Property Disclosures Insurance Claims History ReportLead Based PaintSeller Prop Disclosure Road Maintenance City Section 33 Security None Sewer Connected Special Conditions None Style BungalowSouthwestern Subdivision Restrict Age Restrictions No Subdivision Restrict Cc Andrs No Subdivision Restrict Deed Restrictions Yes Tax Year 2023 Taxes 2128.88 Taxes For Dwelling & Land Terms CashConventional Total Parking 8 Township 13 Unit1 Information Floor 1st Unit1 Information Monthly Rent 825 Unit1 Information Stories Single Unit2 Information Floor 1st Unit2 Information Monthly Rent 895 Unit2 Information Stories Single Utilities Paid Cable Tv Tenant Utilities Paid Electric Tenant Utilities Paid Gas Tenant 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 by Realty Executives Arizona Territory: (520) 877-4940. Listing information © 2024 MLS of Southern Arizona.


MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2024-07-18T18:07:11.803.
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
180 W Magee Rd #110
Tucson AZ, 85704
Courtesy of Realty Executives Arizona Territory.