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502 E 2nd St, Tucson, AZ 85705

$539,000
Last sold 05/17/2024 for $503K
5
bed
3
bath
2,786
Sqft ($181/Sqft)

Multi-family not for sale

70 homes bought nearby with Movoto recently

About 502 E 2nd St

Property type Multi-family

Neighborhood

Year built 1937

HOA fee $0/month

Lot size 8,407 Sqft

Movoto estimate

Rental estimate

Property description

Great Location near 4th avenue and downtown Tucson. One block from 4th Ave, street car, groceries, restaurants, theaters, bar/clubs and pickle ball courts. Ride the street car to the Mercado, downtown, MSA Annex, U of A main gate and more.. Two 2 bedroom units in main building. One 1 bedroom in separate building. All 3 units share washer/dryer outside back patio. Add a little TLC to this property and it should appraise for around $550K. 848 N 3rd Ave is on same tax record. Allow 48 hours for trustee to respond. Limited SPDS and No Insurance letter. No showings without accepted contract. Do NOT Disturb Tenants. Tenant Leases are Month to Month. Trustee will look at all offers Tuesday AM May 7th.

Listed by

Listing Agent - Tony Ray Baker

Listing Office - RE/MAX Professionals

Source: MLSSAZ

MLS#22411009 • last updated 5 months ago

Movoto checked MLSSAZ for data 1 minute ago

Overview
Cooling/AC	Central Air
Levels/Style	Bungalow
SqFt (Combined)	2472
MLS #	22411009
Status	Closed
Lot Size (Acres)	0.19
Lot Size (SqFt)	8407
Taxes $	2429.75
Tax Year	2023
Taxes For	Dwelling & Land
Year Built	1937
Construction Status	Existing
Short Sale (Y/N)	None

Interior
Bathroom Features	Shower & Tub/Primary
Dining Room	Area
Extra Room	None
Living Areas	Great Room
Dining Areas	Dining In LR/GR
Laundry	Outside
Breakfast	None
Interior Features	Ceiling Fan(s), No
Window Covering	Some
Accessibility Features	None

Exterior
Roof	Shingle
Construction	Stucco Finish
Exterior Feature	None
RV Parking Desc	No
Landscape: Rear	Low Care
Lot Desc	Corner Lot
Fence	Wood
Patio/ Deck	Covered
Landscape: Front	Low Care
Driveway	None

Amenities / Utilities
Water Heater	Natural Gas
Gas	Natural
Electricity: Company	TEP
Water	Public
Sewer/ Septic	Connected
Technology	Cable TV
Pool	None
Security Features	Iron Security Door
Spa	None
Horse Amenities	No

Location
County	Pima
View	Residential
	None
Area	Central
Subdivision	City Of Tucson
Community Features	Paved Street
Elementary School	Roskruge
Middle School	Roskruge Bilingual Magnet
School District	TUSD
High School	Tucson
Zoning	Tucson - HR3
Directions	Speedway/Euclid, West To 3rd Ave, South To 2nd St, Property Is On The Corner Of 3rd Ave And 2nd St

Multifamily Details
Unit 3: # Stories	Single
Unit 2: Floor	1st
Unit 1: # Stories	Single
Unit 1: Monthly Rent	900
Unit 2: Monthly Rent	750
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 Street
Unit 2: Occupancy	Yes
Unit 1: Floor	1st
Unit 1: Furnished	No
Unit 1: # Beds	2
Unit 3: Occupancy	Yes
Unit 2: SqFt	991
Unit 2: Furnished	No
Unit 3: Parking	On Street
Unit 1: SqFt	1039
Unit 3: # Full Baths	1
Unit 2: Parking	On Street
Unit 3: SqFt	756
Analysis: Exp % of Gross	115.7
Utilities Paid: Trash	Tenant
Expenses: Taxes/Assessments	2429.75
Expenses: Figures Presented	Proforma
Utilities Paid: Taxes	Owner
Income: Adjusted Gross	2100
Income: Net Opp Income	-329.75
Analysis: Gross Rent Multi	239.52
Utilities Paid: Cable TV	Tenant
Utilities Paid: Insurance	Tenant
Income: Total Expenses	2429.75
Utilities Paid: Sewer	Tenant
Income: Gross Scheduled Rent	2100
Utilities Paid: Electric	Tenant
Utilities Paid: Gas	Tenant
Analysis: Exp/SqFt	0.98
Analysis: Cap Rate %	-0.07
Utilities Paid: Water	Tenant