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]