222-236 W Roger Road, Tucson, AZ 85705

$1,900,000
Property Type: Multi-Family Square Footage: 3,638 Lot Size (sq. ft.): 43,895 Status: Closed
Current Price: $1,900,000 List Date: 8/25/2023 Last Modified: 12/22/2024

Overview

Description

FULLY OCCUPIED!! NO HOA!! Four parcels, each with a 4-plex (16 units). 236 is zoned O-3, 222, 228, and 230 are R-2. Great Rental Units only 1/2 Block from Oracle. Bus Lines, Shopping, Employment. Tucson Mall Easy Walking Distance. 8 Units have new A/C!! Tenants Pay: Electric, Water, Sewer Value add opportunity! See attachments;

Supplements: 05.22.23 update: Owner is receiving bids for replacing the roof on one of the building's.

Listing Details MLS# 22309317

Address Information

Street #
222-236
Direction
W
Street Name
Roger
Suffix
Road
State/Province
AZ
Zip Code
85705
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
105-12-036J
Area
Central
Subdivision
Unsubdivided

General Property Information

Dwelling Type
Quadruplex
Attached/Detached
Attached
Construction Status
Existing
Lot Dimensions
Irreg long legal
Lot Acres
1.01
Lot Sqft
43895
Lot Size Source
Assessor
Combined SqFt
3638
Year Built
2000
Total Parking
16
School District
Pima Unified
Elementary School
Pima
Middle School
Pima Junior High
High School
Pima High School
Horse Property
No
Horse Facilities
No
List Price/SqFt
548.38
Lot Size Price/SqFt
45.45

Property Features

Construction: Frame - Stucco Style: Ranch Roof: Shingle Living Areas: Living Room; Off Kitchen Dining Areas: Dining in LR/GR Dining Room: Area Breakfast: None Kitchen Features: Dishwasher; Disposal; Refrigerator Bathroom Features: Shower & Tub/Primary; Shower & Tub/Hall Extra Room: None Interior Features: Ceiling Fan(s); Smoke Detector Floor Covering: Ceramic Tile Window Covering: Some Technology: Cable TV Main Cooling: Heat Pump Main Heating: Electric Water Heater: Electric Gas: None Sewer: Connected Water: Public Accessibility Option: None Security: None Pool: None Spa: None Fence: None Landscape - Front: Low Care Landscape - Rear: None View: None Road Type: Paved Road Maintenance: None Driveway: None Exterior Feature: None Lot Features: East/West Exposure Neighborhood Features: None Terms: Cash; Conventional; Exchange Submit With Offer: Lender Pre-Approval; Proof of Funds Property Disclosures: Seller Prop Disclosure Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Distressed Info
None

Status Change Info

Off Market Date
2023-08-25
Pending Date
2023-08-24
Sold Date
2023-09-01
Sold Price/SqFt
522.26
Lot Sz Sold Prc/SqFt
43.29
How Sold
Exchange

More Information

Showing Information

Directions
From Oracle, East on Roger to units on north.

Unit Info

# of Units/2 BR
4
Avg Mo Rent/2 BR
749
# of Units/3 BR
4
Avg Mo Rent/3 BR
875

Unit 1 Information

Monthly Rent
3169
# Beds
10
# Full Baths
8
SqFt
3800
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 2 Information

Monthly Rent
3610
# Beds
10
# Full Baths
8
SqFt
3300
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 3 Information

Monthly Rent
3200
# Beds
10
# Full Baths
8
Occupancy
Yes
Stories
Single
Furnished
No
Parking
On Property

Unit 4 Information

Monthly Rent
3000
# Beds
10
# Full Baths
8
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Analysis

Cap Rate %
5.28
Gross Rent Multi
12.2
Exp/SqFt
15.24
Exp % of Gross
35.59

Income

Gross Scheduled Rent
155748
Adjusted Gross
155748
Total Expenses
55434
Net Opp Income
100314

Expenses

Capital Expenses
35095
Contract Services
420
Gas/Electric
527
Insurance
2210
Maintenance Supplies
4490
Management
11236
Taxes/Assessments
1132
Water/Sewer
324
Figures Presented
Actual

Laundry

Other
Hook-ups

Electric

Electric Company
Tucson Electric Powe

Utilities Paid

Cable TV
Tenant
Electric
Tenant
Gas
Tenant
Insurance
Owner
Sewer
Tenant
Taxes
Owner
Trash
Tenant
Water
Tenant

RV Parking

Other
none

Subdivision Restrict

Age Restrictions
No
Deed Restrictions
No
CC&Rs
No

Home Protection

Offered
No

Sold Info

Down Payment
30000
Seller Concessions
30000
IDX
Listing Office: Fort Lowell Realty & Prop Mgmt
Last Updated: December - 22 - 2024
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