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FULLY OCCUPIED 6 UNIT STUDIO MULTI · TUCSON AZ · 6 STUDIOS · 1,512 SQFT · BUILT 1948 E 34th St, Tucson, AZ 85713
PURCHASE PRICE:
$449,000
Net to Seller
ARV 550K + Depending on Scope of Work
Financials: Available Upon Request
PROPERTY TYPE: Commercial Multifamily · 6 Units · Studios
ROOMS: 6 Studios · 6 BA
SQFT: 1,512
LOT: 6,581 sqft · 0.15 acres
YEAR BUILT: 1948
PARCEL: Pima County 118252640
TERMS: Cash or Hard Money · 5K Non Refundable EMD
CALL FOR ACCESS: Occupied · Do Not Disturb Tenants
DETAILS:
Six studio units in the City of South Tucson, minutes from downtown and Interstate 10. All six occupied on month to month leases, Buyer takes over income on day one with no lease terms to wait out before repositioning rents. Every unit is separately metered for water and electric and tenants pay their own utilities, which keeps the expense load off the owner. Per seller trailing 12 month P&L, rents run 650 to 875 with one turnover in the last year and no increases in 12 months. Per seller, roof, water heaters, and AC units have been replaced. Property is on city sewer. Plumbing inside the walls is original. Interiors are dated and unrenovated, which is where the spread sits: renovate as units turn and bring the low end of the rent roll up toward current South Tucson studio rates. Fenced yard on the south side offers potential parking or storage income, buyer to verify permitted use. Zoned SR2 under City of South Tucson code, buyer to verify allowable density and any additional unit potential with South Tucson Planning. Prior listings reference an Opportunity Zone designation, buyer to verify current status and any available benefit independently. Buyer to perform own due diligence.
Disclaimer: Buyer to verify all information including square footage, lot size, room count, zoning, short term rental regulations, lease terms and tenant rights, utility connections, permitting, mechanical systems, and property condition prior to closing.
CALL or TEXT FOR MORE INFO
(623) 283 2623
COMPARABLE SALES:
2603 S 7th Ave, Tucson, AZ 85713 · Sold 560K
(623) 283-2623
[email protected]
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TERMS OF THE SALE
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THIS IS AN OFF MARKET WHOLESALE PROPERTY, NOT A POCKET LISTING. THERE IS NO REALTOR OR BROKER AGENCY REPRESENTATION EITHER EXPRESSED OR IMPLIED, BETWEEN SELLER(s), BUYER(s) and PULSE CAPITAL LLC OR ANY OF IT’S MEMBERS, DIRECTORS OR EMPLOYEES.
The Seller of this property either owns or has equitable interest in the properties marketed.
Price is NET TO SELLER based on quick closing of 10 days or less.
Buyer to Pay All closing Costs.
Seller has exclusively relied upon the information listed within the Local MLS listings, County Assessor’s office, and Property Tax office to determine all measurements including lot size, square footage, number of bathrooms, number of bedrooms, number of total rooms, zoning, permitted and prohibited uses, construction materials, parking, year of construction, and all other pertinent data relating to the physical improvements and land area of the subject property.
Buyer acknowledges and accepts that Seller makes no representations and warranties of any kind, whatsoever, as to the actual conditions that may exist within or around the property, and Buyer acknowledges that it has conducted its own investigation of these facts, and is purchasing the subject property based upon its own conclusions.
Buyer expressly acknowledges that it is purchasing the property in "AS IS, WHERE IS" condition.
ll properties Subject to errors, omissions, deletions, additions, cancellation. All properties sold as is, where is with absolutely no representations written or oral.
Buyer is to do their own independent due diligence. Buyer to verify all material facts including square footage.
Property will not be considered under contract until signed contract and $5,000.00 Non-Refundable Ernest money deposit is received by the title company assigned in the purchase agreement with all contingencies removed.
DISCLOSURES
PulsePropertyHub.com is a domain owned and controlled by Pulse Capital, LLC and all homes listed herein are owned or under contract by Pulse Capital, LLC.
Pulse Capital LLC is the business of acquiring properties as real estate investments and selling them or the equitable interest for a profit to the general public or other investors.
Properties are acquired through a variety of sources. All prices are net amount to seller; buyer pays all closing costs. Prices are based on a quick closing in 10 days or less. Opinion of value is given as a courtesy. our opinion is just an opinion and seller makes no guarantees or warranties, expressed or implied, as to the value or condition of the home. Properties are being sold "as-is" and "where-is". Buyer is responsible for their own due diligence. Pulse Capital, LLC may or may not currently own all of the properties listed on this site and may be marketing the equitable interest however great or small in the given properties. Some of the properties listed on this site are under contract such that the buyer is Pulse Capital, LLC. As to those properties, Pulse Capital, LLC may not be selling the subject property on this site; rather, Pulse Capital, LLC, is only selling (without any warranty or representation other than it is the buyer under the subject contract) its contract rights as buyer of such property.
One or more of the members of Pulse Capital LLC holds an active Real Estate License.
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