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1663 E 9th St, Tucson, AZ 85719

$1,744,000
Last sold 05/03/2022 for $527K
5
bed
4
bath
2,019
Sqft ($261/Sqft)

Multi-family not for sale

70 homes bought nearby with Movoto recently

About 1663 E 9th St

Property type Multi-family

Neighborhood

Year built 1948

HOA fee $0/month

Lot size 0.34 Acre

Movoto estimate

Rental estimate

Property description

NO SHOWINGS UNTILL ACCEPTED CONTRACT!! DO NOT DISTURB TENANTS! Excellent multi-family income property for sale! 5 total rental units on this property. Units range from 1 bedroom & 1 bath to 2 bedroom & 1 bath. Large corner lot at .34 acres gives lots of additional potential for a buyer. 1948 built an 2,467 sq/ft. Has onsite laundry & off street parking. Just south of UofA! Rents currently below market value with room to improve! Actual CAP rate is 3.8%. Estimated Proforma CAP Rate is 5.9% when adjusting rents to estimated current market value.

Listed by

Listing Agent - Jeremy Groch

Listing Office - Tierra Antigua Realty

Source: MLSSAZ

MLS#22207504 • last updated 1 year ago

Movoto checked MLSSAZ for data 9 hours ago

Overview
Heating	Forced Air
Levels/Style	Bungalow
SqFt (Combined)	2467
MLS #	22207504
Status	Closed
Lot Size (Acres)	0.34
Lot Size (SqFt)	14985
Taxes $	3139.27
Tax Year	2021
Taxes For	Dwelling & Land
Year Built	1948
Construction Status	Existing
Short Sale (Y/N)	None

Interior
Master Bathroom: Countertops	Laminate
Dining Room	None
Extra Room	Office
Living Areas	Living Room
Kitchen: Appliance Color	Almond
Kitchen: Oven	Gas
Dining Areas	Breakfast Nook
Breakfast	Nook
Interior Features	No
Window Covering	Stay
Accessibility Features	None

Exterior
Construction	Masonry Stucco
Exterior Feature	None
RV Parking Desc	NONE
# Parking Spaces	5
Landscape: Rear	None
Driveway	Gravel
Patio/ Deck	Patio
Landscape: Front	None

Amenities / Utilities
Water Heater	Natural Gas
Gas	Natural
Electricity: Company	TEP
Water	City Water
Sewer/ Septic	Connected
Pool	None
Spa	None
Security Features	None
Horse Amenities	No

Location
County	Pima
View	Residential
	None
Area	Central
Subdivision	Bingham Addition
Community Features	None
Elementary School	Sam Hughes
Middle School	Mansfeld
School District	TUSD
High School	Tucson
Zoning	Tucson - R2
Directions	From Campbell Ave And 6th St South Until 9th Street Then West On 9th St Till Warren Ave. On The Corner Of 9th & Warren.

Multifamily Details
Unit 3: # Stories	Single
Unit 4: # Stories	Single
Unit 2: Floor	1st
Unit 1: # Stories	Single
Unit 4: Parking	On Property
Unit 4: Furnished	No
Unit 1: Monthly Rent	475
Unit 2: Monthly Rent	900
Unit 3: # Beds	1
Unit 1: Occupancy	Yes
Unit 3: Monthly Rent	450
Unit 2: # Full Baths	1
Unit 3: Furnished	No
Unit 2: # Stories	Single
Unit 2: # Beds	2
Unit 1: # Full Baths	1
Unit 1: Parking	On Property
Unit 2: Occupancy	Yes
Unit 1: Floor	1st
Unit 1: Furnished	No
Unit 4: Floor	1st
Unit 1: # Beds	1
Unit 3: Occupancy	Yes
Unit 4: # Full Baths	1
Unit 2: SqFt	667
Unit 2: Furnished	No
Unit 3: Parking	On Property
Unit 4: Occupancy	Yes
Unit 1: SqFt	312
Unit 4: SqFt	478
Unit 3: # Full Baths	1
Unit 4: Monthly Rent	450
Unit 2: Parking	On Property
Unit 3: SqFt	562
Unit 4: # Beds	1
Analysis: Exp % of Gross	32.72
Utilities Paid: Trash	Owner
Expenses: Taxes/Assessments	3139.27
Expenses: Insurance	1096.94
Expenses: Figures Presented	Proforma
Utilities Paid: Taxes	Owner
Expenses: Water/Sewer	2272.22
Expenses: Gas/Electric	784.63
Expenses: Management	3210
Income: Adjusted Gross	32100
Income: Net Opp Income	21596.94
Analysis: Gross Rent Multi	16.44
Utilities Paid: Cable TV	Tenant
Utilities Paid: Landscaping	Owner
Utilities Paid: Insurance	Owner
Income: Total Expenses	10503.06
Utilities Paid: Sewer	Owner
Income: Gross Scheduled Rent	32100
Utilities Paid: Electric	Tenant
Utilities Paid: Gas	Owner
Analysis: Exp/SqFt	4.26
Analysis: Cap Rate %	4.09
Utilities Paid: Water	Owner