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    2607 N Geronimo Avenue

    Tucson, AZ 85705
    • $149,000
    • STATUS: Active Under Contract
    • ID#: 22023371
    Under Contract
    $149,000
    • 2
      BEDS
    • 0.14
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 913
      SQFT
    • $163
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Courtesy of Tierra Antigua Realty.

    Description

    Run the numbers. 25% down on your loan at todays rates with $1300-1400 total rents should net about 6-7% on your invested cash with the cash flow just from rents. Add the anticipated yearly growth, asset appreciation, and this one is a definitely a winner. Owner recently acquired this property and has not rented these units so rent numbers are estimated. Some updates have been made to both units. Property is sold as is, owner will make no repairs.

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    Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2020-10-24T00:06:32.61.
    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/110370884
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    2607 N Geronimo Avenue Tucson, AZ 85705

    • Price: $149,000
    • Status: Active Under Contract
    • ID#: 22023371
    2
    Beds
    2
    Baths
    0
    ½ Baths
    0.14
    Acres
    913
    SQFT
    $163
    $/SQFT
    1956
    Built
    Neighborhood:
    Coronado Heights
    County:
    Pima
    Area:
    Central
    Elementary School:
    Keeling
    Middle School:
    Amphitheater
    High School:
    Amphitheater
    School District:
    Amphitheater
    Property Description
    Run the numbers. 25% down on your loan at todays rates with $1300-1400 total rents should net about 6-7% on your invested cash with the cash flow just from rents. Add the anticipated yearly growth, asset appreciation, and this one is a definitely a winner. Owner recently acquired this property and has not rented these units so rent numbers are estimated. Some updates have been made to both units. Property is sold as is, owner will make no repairs.
    Exterior Features

    Construction Masonry Stucco Driveway Paved Gravel Exterior Feature None Fence Chain Link Landscape Front Trees Landscape Rear Trees Patio Deck Uncovered Slab Pool None Road Type Paved Roof Built-Up - Reflect Spa None Unit1 Information Parking On Property Unit2 Information Parking On Property View None

    Interior Features

    Bathroom Features Pedestal Sink(S)Shower Only/HallShower Only/Master Breakfast None Dining Areas Dining in Lr/Gr Dining Room Area Extra Room None Floor Covering Ceramic TileConcrete Interior Features Ceiling Fan(S)Smoke Detector Interior Features Interior Steps No Kitchen Features Electric RangeRefrigerator Laundry Outside Living Areas Great Room Main Cooling Evap Central Main Heating Wall Technology Cable TvHigh Speed InternetTelephone Unit1 Information Furnished No Unit1 Information Number Half Baths 1 Unit1 Information Sqft 500 Unit2 Information Furnished No Unit2 Information Number Half Baths 1 Unit2 Information Sqft 413 Water Heater Electric

    Property Features

    Accessibility Option None Analysis Cap Rate Percent 3.88 Analysis Exp Percent Of Gross 27.57 Analysis Exp Sqft 2.41 Analysis Gross Rent Multi 18.67 Analysis Vacancy Rate Percent 5.00 Assessments 0.00 Association And Fees Hoa No Attached Detached Attached Community None Contingent Active Contingent 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 Proforma Expenses Gas Electric 0.00 Expenses Insurance 600.00 Expenses Maintenance Supplies 0.00 Expenses Management 0.00 Expenses Other Expenses 0.00 Expenses Resident Manager 0.00 Expenses Taxes Assessments 880.06 Expenses Water Sewer 720.00 Fema Flood Zone No Fire Protection Included in Taxes Gas None Horse Facilities No Horse Property No Income Adjusted Gross 7980.00 Income Gross Scheduled Rent 8400.00 Income Net Opp Income 5779.94 Income Other Income 0.00 Income Total Expenses 2200.06 Income Vacancy Loss 420.00 Lot Dimensions 60 X 99 X 58 X 99 Lot Features Subdivided Lots Lot Size Source Assessor Lot Sqft 6098.00 Municipal Flood Zone No Municipality Zoning Tucson - R2 Neighborhood Features SidewalksStreet Lights Property Disclosures Floor PlanLead Based PaintUnknown Road Maintenance City Section 36 Security None Sewer Connected Special Conditions None Style Ranch Subdivision Restrict Age Restrictions No Subdivision Restrict Cc Andrs No Subdivision Restrict Deed Restrictions No Tax Year 2019 Taxes 880.06 Taxes For Dwelling & Land Terms CashConventionalSubmit Total Parking 4 Township 13 Unit1 Information Floor 1st Unit1 Information Monthly Rent 700 Unit1 Information Stories Single Unit2 Information Floor 1st Unit2 Information Monthly Rent 700 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 courtesy of Tierra Antigua Realty. Listing information © 2020 MLS of Southern Arizona.


    Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2020-10-24T00:06:32.61.
    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 Tierra Antigua Realty.