$650,000
$650,000
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SOLD DATE : 11/16/2020
Key Details
Sold Price $650,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Grantland Acres
MLS Listing ID 6127833
Sold Date 11/16/20
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1970
Annual Tax Amount $4,833
Tax Year 2019
Lot Dimensions 120x150
Property Description
Six unit apartment complex located on a large corner lot of almost a half an acre. Great location near Glenn & Dodge roads. Comprised of three duplex buildings with all 2/2 units approximately 1050 sqft each. property is well laid out with a central courtyard and a covered parking structure on the north side of the lot. Tremendous value add opportunity to substantially increase rents with upgrades. Listing income and expenses are based on current rent roll and 2019 expenses. Three new leases have been signed this year. One unit is currently vacant receiving renovations and will be rented at $1000 per month. The property is owner managed. Two & a half years financials and rent roll attached under the document tab.
Location
State AZ
County Pima
Community Grantland Acres
Zoning Tucson-R2
Direction Glenn & Dodge south to the property. On the NW corner of Dodge & Bermuda.
Interior
Heating Other, See Remarks
Cooling Other, See Remarks
Flooring Other
Appliance BI OvenRange
Exterior
Parking Features Common
Community Features No Pool
Roof Type Other, See Remarks
Total Parking Spaces 11
Building
Sewer Sewer-In & Connected, Public Sewer
Water City Franchise
New Construction No
Schools
School District Out Of Area
Others
Senior Community No
Tax ID 111-08-025
Acceptable Financing Conventional
Listing Terms Conventional
Financing Other
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