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409 E Thoroughbred St, Tucson, AZ 85706

$480,000
Last sold 02/11/2020 for $261K
8
bed
4
bath
1,526
Sqft ($171/Sqft)

Multi-family not for sale

70 homes bought nearby with Movoto recently

About 409 E Thoroughbred St

Property type Multi-family

Neighborhood

Year built 1985

HOA fee $0/month

Lot size 8,712 Sqft

Movoto estimate

Property description

This 4 plex property was recently renovated and is very turn key. It is also in an area with quickly increasing rents, thus making it perfect for an out of area investor. This is in a very attractive area to renters with a major park close by to it and with quick access to the I-10, I-19, downtown, shopping and dining. It's major systems were upgraded including new AC's, roof, as well as plumbing and electrical system. It was also given upgraded interiors such as new flooring, paint and stackable washer / dryers to help increase possible rents received. The units can now rent out for $775-800 given the improvements made plus with stackable washer and dryers added. All are 2/1's at about 773/sq. ft. each, with private front patios.

Listed by

Listing Agent - Danny A Roth

Listing Office - Keller Williams Southern Arizona

Source: MLSSAZ

MLS#21931393 • last updated 1 year ago

Movoto checked MLSSAZ for data 8 hours ago

Overview
Levels/Style	Contemporary
SqFt (Combined)	3290
MLS #	21931393
Status	Closed
Lot Size (Acres)	0.2
Lot Size (SqFt)	8712
Taxes $	1464.2
Tax Year	2018
Taxes For	Dwelling & Land
Year Built	1985
Construction Status	Existing
Short Sale (Y/N)	None

Interior
Bathroom Features	None
Kitchen	Refrigerator
Dining Room	None
Extra Room	None
Living Areas	Living Room
Dining Areas	Eat-In Kitchen
Laundry	None
Breakfast	None
Floor Covering	Ceramic Tile
Window Covering	Stay
Accessibility Features	None
Interior Features	No

Exterior
Roof	Unknown
Construction	Frame
Exterior Feature	None
RV Parking Desc	None
Landscape: Rear	Low Care
Lot Desc	Subdivided
Fence	Stucco Finish
Patio/ Deck	Patio
Landscape: Front	Low Care
Driveway	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	None
	None
Area	South
Subdivision	Rodeo Industrial Park
Community Features	None
Elementary School	Drexel
Middle School	Apollo
School District	Sunnyside
High School	Sunnyside
Zoning	Tucson - O3
Directions	Irvington To 6th Ave South To Thoroughbred East To Address

Multifamily Details
Unit 2: Floor	1st
Unit 1: # Stories	Single
Unit 1: Monthly Rent	725
Unit 2: Monthly Rent	775
Unit 3: # Beds	2
Unit 1: Occupancy	Yes
Unit 3: Monthly Rent	725
Unit 2: # Full Baths	1
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 1: # Beds	2
Unit 4: # Full Baths	1
Unit 2: SqFt	763
Unit 2: Furnished	No
Unit 1: SqFt	763
Unit 3: # Full Baths	1
Unit 4: Monthly Rent	685
Unit 2: Parking	On Property
Unit 4: # Beds	2
Expenses: Other Expenses	1000
Analysis: Exp % of Gross	27.92
Utilities Paid: Trash	Owner
Expenses: Taxes/Assessments	1464
Expenses: Insurance	1284
Expenses: Figures Presented	Proforma
Utilities Paid: Taxes	Owner
Expenses: Water/Sewer	3600
Expenses: Management	2400
Income: Adjusted Gross	34920
Income: Net Opp Income	25172
Analysis: Gross Rent Multi	7.47
Utilities Paid: Cable TV	Tenant
Utilities Paid: Insurance	Owner
Income: Total Expenses	9748
Utilities Paid: Sewer	Tenant
Income: Gross Scheduled Rent	34920
Utilities Paid: Electric	Tenant
Utilities Paid: Gas	Tenant
Analysis: Exp/SqFt	2.96
Analysis: Cap Rate %	9.64
Utilities Paid: Water	Tenant