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    1601 N Louis Lane

    Tucson, AZ 85712
    • $490,000
    • STATUS: Active
    • ID#: 22018201
    Price Reduced
    UPDATED: 40 min ago
    $490,000
    • 7
      BEDS
    • 0.33
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 4,000
      SQFT
    • $123
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Courtesy of Realty Executives Arizona Territory.

    Description

    Great 5-unit well maintained investment property. Four 2bed/1bath with central AC and a charming detached house 1bed/1bath with evap cooling. Each unit has its own fenced backyard. Additional income from Community Laundry includes 2 coin operated washer and dryers. Separately metered for gas & electric. 7 parking spaces on premises. Wonderful courtyard oasis with shade trees. Quiet neighborhood while centrally located close to shopping, bus lines and much more. Excellent opportunity for investors to add value with increased rents. Shown with an accepted offer.

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    Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2020-09-19T10:06:39.21.
    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 eXp Realty are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
    www.paragontucson.com/homes/108225873
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    1601 N Louis Lane Tucson, AZ 85712

    • Price: $490,000
    • Status: Active
    • Updated: 40 min ago
    • ID#: 22018201
    7
    Beds
    4
    Baths
    0
    ½ Baths
    0.33
    Acres
    4,000
    SQFT
    $123
    $/SQFT
    1953
    Built
    Neighborhood:
    Speedway Addition No. 1
    County:
    Pima
    Area:
    Central
    Elementary School:
    Wright
    Middle School:
    Doolen
    High School:
    Catalina
    School District:
    TUSD
    Property Description
    Great 5-unit well maintained investment property. Four 2bed/1bath with central AC and a charming detached house 1bed/1bath with evap cooling. Each unit has its own fenced backyard. Additional income from Community Laundry includes 2 coin operated washer and dryers. Separately metered for gas & electric. 7 parking spaces on premises. Wonderful courtyard oasis with shade trees. Quiet neighborhood while centrally located close to shopping, bus lines and much more. Excellent opportunity for investors to add value with increased rents. Shown with an accepted offer.
    Exterior Features

    Construction Frame - StuccoMasonry Stucco Exterior Feature None Fence BlockWood Landscape Front Desert PlantingsNatural DesertTrees Landscape Rear None Patio Deck CoveredPatio Pool None Road Type Paved Roof Built-UpShingle Spa None Unit1 Information Parking On Property Unit2 Information Parking On Property Unit3 Information Parking On Property Unit4 Information Parking On Property View None

    Interior Features

    Bathroom Features Shower & Tub/Hall Breakfast None Dining Areas Eat-In Kitchen Dining Room None Driveway To Property Line Extra Room None Floor Covering CarpetCeramic TileVinyl Interior Features SkylightsSmoke Detector Kitchen Features Double SinkElectric RangeRefrigerator Laundry Dryer IncludedFacilityWasher Included Living Areas Living Room Main Cooling Ac CentralEvap Central Main Heating Forced Air - GasWall Technology Cable TvHigh Speed InternetTelephone Unit1 Information Furnished No Unit1 Information Number Half Baths 0 Unit1 Information Sqft 700 Unit2 Information Furnished No Unit2 Information Number Half Baths 0 Unit2 Information Sqft 825 Unit3 Information Furnished No Unit3 Information Number Half Baths 0 Unit3 Information Sqft 825 Unit4 Information Furnished No Unit4 Information Number Half Baths 0 Unit4 Information Sqft 825 Water Heater Natural Gas

    Property Features

    Accessibility Option None Analysis Cap Rate Percent 5.39 Analysis Exp Percent Of Gross 26.37 Analysis Exp Sqft 2.77 Analysis Gross Rent Multi 13.67 Analysis Vacancy Rate Percent 0.00 Assessments 0.00 Association And Fees Hoa No Attached Detached Detached Community None Country Usa Distressed Info None Dwelling Type 4 Plex Electric Electric Company Tep Expenses Admin Expenses 0.00 Expenses Capital Expenses 0.00 Expenses Contract Services 0.00 Expenses Figures Presented Actual Expenses Gas Electric 0.00 Expenses Insurance 1942.00 Expenses Maintenance Supplies 0.00 Expenses Management 0.00 Expenses Other Expenses 0.00 Expenses Resident Manager 0.00 Expenses Taxes Assessments 3752.00 Expenses Water Sewer 5400.00 Fema Flood Zone No Fire Protection Included in Taxes Gas Natural Horse Facilities No Horse Property No Income Adjusted Gross 42064.00 Income Gross Scheduled Rent 40860.00 Income Net Opp Income 30970.00 Income Other Income 1204.00 Income Total Expenses 11094.00 Income Vacancy Loss 0.00 Lot Dimensions 72X199x72x199 Lot Features Corner LotEast/West ExposureSubdivided Lots Lot Size Source Assessor Lot Sqft 14375.00 Municipal Flood Zone No Municipality Zoning Tucson - R2 Neighborhood Features None Property Disclosures Lead Based PaintSeller Prop Disclosure Road Maintenance City Section 3 Security None Sewer Connected Special Conditions None Style Ranch Subdivision Restrict Age Restrictions No Subdivision Restrict Cc Andrs Yes Subdivision Restrict Deed Restrictions Yes Tax Year 2019 Taxes 3751.55 Taxes For Dwelling & Land Terms CashConventional Total Parking 7 Township 14 Unit1 Information Floor 1st Unit1 Information Monthly Rent 635 Unit1 Information Stories Single Unit2 Information Floor 1st Unit2 Information Monthly Rent 700 Unit2 Information Stories Single Unit3 Information Floor 1st Unit3 Information Monthly Rent 635 Unit3 Information Stories Single Unit4 Information Floor 1st Unit4 Information Monthly Rent 800 Unit4 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 courtesy of Realty Executives Arizona Territory. Listing information © 2020 MLS of Southern Arizona.


    Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2020-09-19T10:06:39.21.
    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 eXp Realty are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
     
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    eXp Realty
    7454 E. Broadway Blvd
    Tucson AZ, 85710
    Courtesy of Realty Executives Arizona Territory.