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3060 N Cherry Avenue

Tucson, AZ 85719
  • $335,000
  • STATUS: Active Under Contract
  • ID#: 22211682
Under Contract
UPDATED: 51 min ago
$335,000
  • 5
    BEDS
  • 0.14
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,080
    SQFT
  • $161
    $/SQFT
Type:
Multi-Family
Built:
1975
County:
Area:

School Information

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

Description

Highly desirable duplex setup with 3bed/2ba+2bed/1ba. Landlord perks to optimize rental income include individual onsite laundry hookups, covered parking & individual storage sheds! New carpet and tons of replaced wear-and-tear capital improvements have already been done. Est cap rate of 6.38%. Must sell [3056, 3058] and [3060,3062] together as a group (see MLS#22211681/22211682). Ask about the 3rd parcel that has encumbered title (not ready for sale yet). Missing most appliances but otherwise could be move-in ready. Estate has no additional funds so property is in AS IS condition. Priced well below comps to account for remaining (optional) improvements you could make to maximize rental income potential. See attached proforma documents.

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MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2022 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2022-07-04T17:08:03.583.
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 The Crown Team | KMS Realty are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
www.azcrownteam.com/homes/128461668
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3060 N Cherry Avenue Tucson, AZ 85719

  • Price: $335,000
  • Status: Active Under Contract
  • On Site: Days
  • Updated: 51 min ago
  • ID#: 22211682
5
Beds
2
Baths
0
½ Baths
0.14
Acres
2,080
SQFT
$161
$/SQFT
1975
Built
Neighborhood:
Hedrick Acreage Tract No 3
County:
Pima
Area:
Central
Elementary School:
Holaway
Middle School:
Amphitheater
High School:
Amphitheater
School District:
Amphitheater
Property Description
Highly desirable duplex setup with 3bed/2ba+2bed/1ba. Landlord perks to optimize rental income include individual onsite laundry hookups, covered parking & individual storage sheds! New carpet and tons of replaced wear-and-tear capital improvements have already been done. Est cap rate of 6.38%. Must sell [3056, 3058] and [3060,3062] together as a group (see MLS#22211681/22211682). Ask about the 3rd parcel that has encumbered title (not ready for sale yet). Missing most appliances but otherwise could be move-in ready. Estate has no additional funds so property is in AS IS condition. Priced well below comps to account for remaining (optional) improvements you could make to maximize rental income potential. See attached proforma documents.
Exterior Features

Construction Brick Driveway Paved Gravel Exterior Feature Shed Fence Wood Landscape Front None Landscape Rear Trees Patio Deck None Pool None Road Type DirtGravel Roof Built-Up - Reflect Spa None Unit1 Information Parking Carport Unit2 Information Parking Carport View None

Interior Features

Bathroom Features None Breakfast None Dining Areas Eat-In Kitchen Dining Room None Extra Room None Floor Covering CarpetCeramic Tile Interior Features Smoke Detector Living Areas Living Room Main Cooling Central Air Main Heating Forced AirNatural Gas Technology Cable Tv Unit1 Information Furnished No Unit1 Information Number Half Baths 1 Unit1 Information Sqft 1085 Unit2 Information Furnished No Unit2 Information Number Half Baths 0 Unit2 Information Sqft 995 Water Heater Natural Gas

Property Features

Accessibility Option None Analysis Cap Rate Percent 6.62 Analysis Exp Percent Of Gross 21.33 Analysis Exp Sqft 2.89 Analysis Gross Rent Multi 11.88 Analysis Vacancy Rate Percent 0.00 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 0.00 Expenses Maintenance Supplies 0.00 Expenses Management 2820.00 Expenses Other Expenses 0.00 Expenses Resident Manager 0.00 Expenses Taxes Assessments 1894.00 Expenses Water Sewer 1300.00 Fema Flood Zone No Fire Protection Included in Taxes Gas Natural Horse Facilities No Horse Property No Income Adjusted Gross 28200.00 Income Gross Scheduled Rent 28200.00 Income Net Opp Income 22186.00 Income Other Income 0.00 Income Total Expenses 6014.00 Income Vacancy Loss 0.00 Lot Dimensions Irregular Lot Features North/South Exposure Lot Size Source Assessor Lot Sqft 5900.00 Municipal Flood Zone No Municipality Zoning Tucson - R2 Neighborhood Features None Property Disclosures Lead Based Paint Road Maintenance Owner Maintenance Section 31 Security None Sewer Connected Special Conditions Court Approval Required Style Ranch Subdivision Restrict Age Restrictions No Subdivision Restrict Cc Andrs Yes Subdivision Restrict Deed Restrictions No Tax Year 2021 Taxes 1717.79 Taxes For Dwelling & Land Terms CashConventional Total Parking 4 Township 13 Unit1 Information Floor 1st Unit1 Information Monthly Rent 1275 Unit1 Information Stories Single Unit2 Information Floor 1st Unit2 Information Monthly Rent 1075 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 Tierra Antigua Realty: (520) 318-5290. Listing information © 2022 MLS of Southern Arizona.


MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2022 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2022-07-04T17:08:03.583.
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 The Crown Team | KMS Realty are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
 
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The Crown Team | KMS Realty
5225 E Pima St.
Tucson AZ, 85712
Courtesy of Tierra Antigua Realty.