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3201 N Cherry Avenue

Tucson, AZ 85719
  • $695,000
  • STATUS: Active Under Contract
  • ID#: 22112713
Under Contract
UPDATED: 12 min ago
$695,000
  • 5
    BEDS
  • 0.24
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,804
    SQFT
  • $248
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1973
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Courtesy of Homesmart Advantage Group.

Description

Impeccable, fully remodeled and fully furnished turn-key triplex with a Mid-Century Modern vibe in a fantastic Central location. The property has all of the three units already being booked as short term rentals with quality management in place, in case the next owner desires to keep the current use and continue receiving short term rental income. Projected revenues based on current occupancy are expected to be $80,000 with a potential NOI of around $48,000. All of the units have private yards, high ceilings, new central A/C, new water heaters, new windows and doors, upgraded electric panels, new appliances, new luxury vinyl flooring, custom kitchen cabinets and new bathroom finishes and fixtures. Exterior includes new paint throughout, dedicated parking, laundry facility, storageand desert landscaping with decorative rock. The complex is just minutes away from the "Rillito River" and the Campbell/River intersection, The University of Arizona and Downtown Tucson. Owner is a licensed Realtor in AZ. Rents are based on short term rentals. All utilities are currently paid by owner for short term rentals but each unit is individually metered for long terms rentals to be paid by tenants.

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Listing information Copyright 2021 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2021-10-16T14:06:21.863.
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 AZ Power Team | Realty One Group Integrity are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
www.tucsonrealestate.net/homes/117292778
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3201 N Cherry Avenue Tucson, AZ 85719

  • Price: $695,000
  • Status: Active Under Contract
  • Updated: 12 min ago
  • ID#: 22112713
5
Beds
4
Baths
0
½ Baths
0.24
Acres
2,804
SQFT
$248
$/SQFT
1973
Built
Neighborhood:
Richland Heights
County:
Pima
Area:
Central
Elementary School:
Holaway
Middle School:
Amphitheater
High School:
Amphitheater
School District:
Amphitheater
Property Description
Impeccable, fully remodeled and fully furnished turn-key triplex with a Mid-Century Modern vibe in a fantastic Central location. The property has all of the three units already being booked as short term rentals with quality management in place, in case the next owner desires to keep the current use and continue receiving short term rental income. Projected revenues based on current occupancy are expected to be $80,000 with a potential NOI of around $48,000. All of the units have private yards, high ceilings, new central A/C, new water heaters, new windows and doors, upgraded electric panels, new appliances, new luxury vinyl flooring, custom kitchen cabinets and new bathroom finishes and fixtures. Exterior includes new paint throughout, dedicated parking, laundry facility, storageand desert landscaping with decorative rock. The complex is just minutes away from the "Rillito River" and the Campbell/River intersection, The University of Arizona and Downtown Tucson. Owner is a licensed Realtor in AZ. Rents are based on short term rentals. All utilities are currently paid by owner for short term rentals but each unit is individually metered for long terms rentals to be paid by tenants.
Exterior Features

Construction Concrete Block Driveway Paved Gravel Exterior Feature None Fence Block Landscape Front Decorative GravelDesert Plantings Landscape Rear Decorative Gravel Patio Deck EnclosedPatio Pool None Road Type Paved Roof Built-Up Spa None Unit1 Information Parking Carport Unit2 Information Parking Carport Unit3 Information Parking Carport View None

Interior Features

Bathroom Features Shower & Tub/Hall Breakfast Bar Dining Areas Breakfast BarEat-In Kitchen Dining Room None Extra Room None Floor Covering Vinyl Interior Features Dual Pane WindowsFurnishedStorage Interior Features Interior Steps No Kitchen Features Breakfast BarElectric RangeRefrigerator Laundry Facility Living Areas Living Room Main Cooling Central Air Main Heating Forced AirNatural Gas Technology Cable TvHigh Speed Internet Unit1 Information Furnished Yes Unit1 Information Number Half Baths 0 Unit1 Information Sqft 586 Unit2 Information Furnished Yes Unit2 Information Number Half Baths 0 Unit2 Information Sqft 935 Unit3 Information Furnished Yes Unit3 Information Number Half Baths 0 Unit3 Information Sqft 1283 Water Heater Natural Gas

Property Features

Accessibility Option None Analysis Cap Rate Percent 7.58 Analysis Exp Percent Of Gross 24.27 Analysis Exp Sqft 6.02 Analysis Gross Rent Multi 10.00 Analysis Vacancy Rate Percent 0.00 Assessments 0.00 Association And Fees Hoa No Attached Detached Attached Community None Contingent Active Contingent Country Usa Distressed Info None Dwelling Type 3 Plex Electric Electric Company Tep Expenses Admin Expenses 0.00 Expenses Capital Expenses 0.00 Expenses Contract Services 0.00 Expenses Figures Presented Proforma Expenses Gas Electric 1359.00 Expenses Insurance 1009.00 Expenses Maintenance Supplies 0.00 Expenses Management 10429.00 Expenses Other Expenses 0.00 Expenses Resident Manager 0.00 Expenses Taxes Assessments 2311.00 Expenses Water Sewer 1764.00 Fema Flood Zone Tbd Fire Protection Included in Taxes Gas Natural Horse Facilities No Horse Property No Income Adjusted Gross 69528.00 Income Gross Scheduled Rent 69528.00 Income Net Opp Income 52656.00 Income Other Income 0.00 Income Total Expenses 16872.00 Income Vacancy Loss 0.00 Lot Dimensions 90X117X83X110 Lot Features Corner Lot Lot Size Source Assessor Lot Sqft 10454.00 Municipal Flood Zone Tbd Municipality Zoning Tucson - R2 Neighborhood Features None Property Disclosures Insurance Claims History ReportLead Based PaintSeller Prop DisclosureUnknown Road Maintenance City Section 30 Security None Sewer Connected Special Conditions None Style Ranch Subdivision Restrict Age Restrictions No Subdivision Restrict Cc Andrs No Subdivision Restrict Deed Restrictions Yes Tax Year 2020 Taxes 2311.34 Taxes For Dwelling & Land Terms CashConventional Total Parking 3 Township 13 Unit1 Information Floor 1st Unit1 Information Monthly Rent 1487 Unit1 Information Stories Single Unit2 Information Floor 1st Unit2 Information Monthly Rent 2123 Unit2 Information Stories Single Unit3 Information Monthly Rent 2183 Unit3 Information Stories Single Utilities Paid Cable Tv Owner Utilities Paid Electric Owner Utilities Paid Gas Owner 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 Homesmart Advantage Group. Listing information © 2021 MLS of Southern Arizona.


Listing information Copyright 2021 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2021-10-16T14:06:21.863.
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 AZ Power Team | Realty One Group Integrity are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
 
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AZ Power Team | Realty One Group Integrity
7445 N Oracle Rd., Suite 201
Tucson AZ, 85704
Courtesy of Homesmart Advantage Group.