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    5425 E 30Th Street , #10

    Tucson, AZ 85711
    • $619,000
    • STATUS: Active
    • ID#: 22013174
    UPDATED: 78 min ago
    $619,000
    • 0
      BEDS
    • 0.42
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,226
      SQFT
    • $99
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1964
    County:
    Area:

    School Ratings & Info

    Courtesy of Keller Williams Southern Arizona.

    Description

    The income and expense figures are as ACTUAL as we can make them, including since the property is self managed I've factored in 8% for the property management fee to give a buyer a more fair approximation of the cash flow one can expect to have the first year. This property is 100% occupied and has been for at least two years ongoing. The owner is somewhat altruistic and has been keeping long term tenants on who he likes for what are well below the current market rate rents. The property is secure and quiet and considered above average compared to those like it nearby, which explains why there are almost never vacancies.The owner is getting additional income of $275/mo. including $200/mo. from the onsite laundry facility and $75/mo. for three storage rooms that get $25/mo. each. NOI = $48,420 ($48,100/yr. Rent + $3,300/yr Additional Income - $22,980 of '20 Expenses)

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    Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2020-07-06T00:06:27.54.
    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 Local Real Estate Group | Realty Executives are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
    www.thelocalrealestategroup.com/homes/106224295
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    5425 E 30Th Street , #10 Tucson, AZ 85711

    • Price: $619,000
    • Status: Active
    • Updated: 78 min ago
    • ID#: 22013174
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.42
    Acres
    6,226
    SQFT
    $99
    $/SQFT
    1964
    Built
    Neighborhood:
    Central
    County:
    Pima
    Area:
    Central
    Property Description
    The income and expense figures are as ACTUAL as we can make them, including since the property is self managed I've factored in 8% for the property management fee to give a buyer a more fair approximation of the cash flow one can expect to have the first year. This property is 100% occupied and has been for at least two years ongoing. The owner is somewhat altruistic and has been keeping long term tenants on who he likes for what are well below the current market rate rents. The property is secure and quiet and considered above average compared to those like it nearby, which explains why there are almost never vacancies.The owner is getting additional income of $275/mo. including $200/mo. from the onsite laundry facility and $75/mo. for three storage rooms that get $25/mo. each. NOI = $48,420 ($48,100/yr. Rent + $3,300/yr Additional Income - $22,980 of '20 Expenses)
    Exterior Features

    Construction Brick

    Interior Features

    Main Cooling Ac Central

    Property Features

    Analysis Cap Rate Percent 7.87 Analysis Gross Rent Multi 8.61 Analysis Vacancy Rate Percent 0.00 Assessments 0.00 Country Usa Expenses Figures Presented Actual Expenses Insurance 4200.00 Expenses Maintenance Supplies 4000.00 Expenses Management 4000.00 Expenses Resident Manager 5448.00 Expenses Taxes Assessments 3714.00 Expenses Water Sewer 5700.00 Fire Protection Included in Taxes Income Gross Scheduled Rent 71400.00 Income Net Opp Income 48420.00 Income Other Income 3300.00 Lot Dimensions 146X125x145x125 Lot Sqft 18295.00 Municipality Zoning Tucson - R3 Property Sub Type Apartment Sewer Connected Short Sale No Source Of Sqft Assessor Tax Year 2019 Taxes 3713.35 Total Parking 10 Water City

    Listing provided courtesy of Keller Williams Southern Arizona. Listing information © 2020 MLS of Southern Arizona.


    Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2020-07-06T00:06:27.54.
    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 Local Real Estate Group | Realty Executives are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
     
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    The Local Real Estate Group | Realty Executives
    6760 N Oracle Road Suite 130
    Tucson AZ, 85704
    Courtesy of Keller Williams Southern Arizona.