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50 N Mountain Avenue

Tucson, AZ 85719
  • $3,250,000
  • STATUS: Active
  • ID#: 22410347
$3,250,000
  • 32
    BEDS
  • 0.43
    ACRES
  • 12
    BATHS
  • 0
    1/2 BATHS
  • 9,598
    SQFT
  • $339
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2015
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Courtesy of Pinnacle Realty and Investment Advisors LLC.

Description

Rare opportunity to purchase newer construction within 3 blocks of UofA around a 8.06% Cap rate (proforma)! Seller Financing Available @6% for up to 5 years OAC with 30% downpayment. This newer building integrates metal roofing with block and stucco finishes for a really neat modern look that the students love. 4-plex, with 8bds/3.5bths per unit. Large units with huge common areas, all tile throughout, hardwood cabinets, corian counters, and ample appliances. Floorplan designed by afor students. Huge Picture windows in front frame nice mountain and city views. Large enclosed common area with Turf. Parking lot w 14 parking spots, 4 on street parking spots available, basketball hoops. This property is zoned for group homes and could be ideal for a variety of non-student housing needs.

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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: 2024-05-26T22:07:03.82.
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/149906101
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50 N Mountain Avenue Tucson, AZ 85719

  • Price: $3,250,000
  • Status: Active
  • On Site: Days
  • ID#: 22410347
32
Beds
12
Baths
0
½ Baths
0.43
Acres
9,598
SQFT
$339
$/SQFT
2015
Built
Neighborhood:
Drakes Addition
County:
Pima
Area:
Central
Elementary School:
Cragin
Middle School:
Mansfeld
High School:
Tucson
School District:
TUSD
Property Description
Rare opportunity to purchase newer construction within 3 blocks of UofA around a 8.06% Cap rate (proforma)! Seller Financing Available @6% for up to 5 years OAC with 30% downpayment. This newer building integrates metal roofing with block and stucco finishes for a really neat modern look that the students love. 4-plex, with 8bds/3.5bths per unit. Large units with huge common areas, all tile throughout, hardwood cabinets, corian counters, and ample appliances. Floorplan designed by afor students. Huge Picture windows in front frame nice mountain and city views. Large enclosed common area with Turf. Parking lot w 14 parking spots, 4 on street parking spots available, basketball hoops. This property is zoned for group homes and could be ideal for a variety of non-student housing needs.
Exterior Features

Construction Concrete BlockMasonry StuccoMetal Driveway Paved Asphalt Exterior Feature BBQCourtyard Fence BlockWrought Iron Landscape Front Low Care Landscape Rear Low Care Patio Deck BalconyCovered Pool None Road Type Paved Roof Metal Spa None Unit1 Information Parking On Property Unit2 Information Parking On Property Unit3 Information Parking On Property Unit4 Information Parking On Property View Mountain(s)

Interior Features

Bathroom Features Shower Only/Hall Breakfast Bar Dining Areas Dining in LR/GR Dining Room Area Extra Room None Floor Covering Ceramic Tile Interior Features Ceiling Fan(s)Dual Pane WindowsFire SprinklersFurnishedSmoke DetectorVaulted Ceilings Interior Features Interior Steps No Kitchen Features Breakfast BarDishwasherDouble SinkElectric RangeGarbage DisposalRefrigerator Kitchen Features Countertops Corian Kitchen Features Pantry Walk-In Laundry Dryer IncludedLaundry RoomWasher Included Living Areas Great Room Main Cooling Zoned Main Heating Zoned Technology Cable TVHigh Speed Internet Unit1 Information Furnished Partially Unit1 Information Number Half Baths 1 Unit1 Information Sqft 2398 Unit2 Information Furnished Partially Unit2 Information Number Half Baths 1 Unit2 Information Sqft 2398 Unit3 Information Furnished Partially Unit3 Information Number Half Baths 1 Unit3 Information Sqft 2394 Unit4 Information Furnished Partially Unit4 Information Number Half Baths 1 Unit4 Information Sqft 2394 Water Heater Electric

Property Features

Accessibility Option Door LeversRoll-In ShowerWide Doorways Analysis Cap Rate Percent 8.06 Analysis Exp Percent Of Gross 21.52 Analysis Exp Sqft 7.48 Analysis Gross Rent Multi 9.74 Analysis Vacancy Rate Percent 0.00 Assessments 0.00 Association And Fees Hoa No Attached Detached Attached Community None Country USA Distressed Info None Dwelling Type 4 Plex Electric Electric Company TEP Expenses Admin Expenses 698.00 Expenses Capital Expenses 8000.00 Expenses Contract Services 400.00 Expenses Figures Presented Proforma Expenses Gas Electric 0.00 Expenses Insurance 5800.00 Expenses Maintenance Supplies 7500.00 Expenses Management 33363.00 Expenses Other Expenses 250.00 Expenses Resident Manager 0.00 Expenses Taxes Assessments 15794.00 Expenses Water Sewer 0.00 Fema Flood Zone No Fire Protection Included in Taxes Gas None Horse Facilities No Horse Property No Income Adjusted Gross 333628.00 Income Gross Scheduled Rent 326400.00 Income Net Opp Income 261823.00 Income Other Income 7228.00 Income Total Expenses 71805.00 Income Vacancy Loss 0.00 Lot Dimensions 125 X 150 X 125 X 151 Lot Features Adjacent to AlleyCorner LotNorth/South Exposure Lot Size Source Assessor Lot Sqft 18750.00 Municipal Flood Zone No Municipality Zoning Tucson - R3 Neighborhood Features SidewalksStreet Lights Property Disclosures Military Airport VctSeller Prop Disclosure Road Maintenance City Section 7 Security Security LightsWindow Bars Sewer Connected Special Conditions None Style Modern Subdivision Restrict Age Restrictions No Subdivision Restrict Cc Andrs Yes Subdivision Restrict Deed Restrictions Yes Tax Year 2023 Taxes 15795.00 Taxes For Dwelling & Land Terms CashConventional Total Parking 14 Township 14 Unit1 Information Floor 1st Unit1 Information Monthly Rent 6800 Unit1 Information Stories Single Unit2 Information Floor 1st Unit2 Information Monthly Rent 6800 Unit2 Information Stories Single Unit3 Information Floor 2nd Unit3 Information Monthly Rent 6800 Unit3 Information Stories Two Unit4 Information Floor 2nd Unit4 Information Monthly Rent 6800 Unit4 Information Stories Two Utilities Paid Cable Tv Tenant Utilities Paid Electric Tenant Utilities Paid Gas Tenant Utilities Paid Insurance Owner Utilities Paid Landscaping Owner Utilities Paid Pool Spa Maintenance Tenant Utilities Paid Sewer Tenant Utilities Paid Taxes Owner Utilities Paid Trash Tenant Utilities Paid Water Tenant Water City Water

Listing provided by Pinnacle Realty and Investment Advisors LLC: (520) 331-8050. 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: 2024-05-26T22:07:03.82.
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 Pinnacle Realty and Investment Advisors LLC.