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1024 N Herbert Avenue

Tucson, AZ 85705
  • $899,999
  • STATUS: Active
  • ID#: 22427063
$899,999
  • 5
    BEDS
  • 0.18
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,534
    SQFT
  • $355
    $/SQFT
Neighborhood:
N/A
Type:
Multi-Family
Built:
2008
County:
Pima
Area:
Central

School Information

Elementary School:
Roskruge
Middle School:
Mansfeld
High School:
Tucson
School District:
TUSD
School Ratings & Info
Courtesy of Realty Executives Arizona Terr.

Description

Amazing opportunity to add third unit in existing garage! To be sold with front home 1033 N 4th Ave MLS 22427030. Savvy investors will take advantage of the huge garage ready for build out to maximize investment potential. Positioned in a highly desirable area, this property is conveniently close to UOFA, ensuring high demand from both students and professionals close to vibrant city amenities, cultural landmarks, and educational institutions. There is a detached guest home that has 3 bedrooms and 3 bathrooms for amazing income potential whether AirBnb or student housing. The attached garage presents a unique opportunity for additional income and can be built out for additional living space for higher return. It already has plumbing and electrical and is ready for finishing touches.

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MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2024-12-06T00:06:43.543.
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 Tierra Antigua Realty are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
www.kinoabrams.com/homes/157422921
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1024 N Herbert Avenue Tucson, AZ 85705

  • Price: $899,999
  • Status: Active
  • On Site: Days
  • ID#: 22427063
5
Beds
5
Baths
0
½ Baths
0.18
Acres
2,534
SQFT
$355
$/SQFT
2008
Built
Neighborhood:
N/A
County:
Pima
Area:
Central
Elementary School:
Roskruge
Middle School:
Mansfeld
High School:
Tucson
School District:
TUSD
Property Description
Amazing opportunity to add third unit in existing garage! To be sold with front home 1033 N 4th Ave MLS 22427030. Savvy investors will take advantage of the huge garage ready for build out to maximize investment potential. Positioned in a highly desirable area, this property is conveniently close to UOFA, ensuring high demand from both students and professionals close to vibrant city amenities, cultural landmarks, and educational institutions. There is a detached guest home that has 3 bedrooms and 3 bathrooms for amazing income potential whether AirBnb or student housing. The attached garage presents a unique opportunity for additional income and can be built out for additional living space for higher return. It already has plumbing and electrical and is ready for finishing touches.
Exterior Features

Construction Frame - StuccoStucco Finish Driveway Paved Concrete Exterior Feature Courtyard Fence Block Landscape Front Decorative GravelDesert PlantingsLow CareNatural DesertTrees Landscape Rear Decorative GravelDesert PlantingsLow CareTrees Patio Deck BalconyDeckPatioSlab Pool Community Road Type Paved Roof Shingle Rv Parking Space Available Spa None Unit1 Information Parking On Property Unit2 Information Parking On Property View City

Interior Features

Bathroom Features 2 Primary BathsDual Sinks/PrimaryShower & Tub/HallShower Only/Primary Breakfast Area Dining Areas Breakfast Bar Dining Room None Driveway Car(s) Pad Extra Room DenLoftStorageWorkshop Floor Covering CarpetCeramic TileWood Interior Features Ceiling Fan(s)Dual Pane WindowsFurnishedSmoke Detector Interior Features Interior Steps Yes Kitchen Features Breakfast BarDishwasherElectric RangeFreezerGarbage DisposalGas RangeIslandRefrigerator Kitchen Features Countertops Granite/Tile Kitchen Features Pantry Cabinet Laundry Dryer IncludedWasher Included Living Areas Family RoomOff Kitchen Main Cooling Ceiling Fan(s)Central Air Main Heating Forced Air Technology High Speed Internet Unit1 Information Furnished Yes Unit1 Information Number Half Baths 0 Unit1 Information Sqft 1151 Unit2 Information Furnished No Unit2 Information Number Half Baths 0 Unit2 Information Sqft 1383 Water Heater Natural Gas

Property Features

Accessibility Option None Analysis Cap Rate Percent 3.58 Analysis Exp Percent Of Gross 28.43 Analysis Exp Sqft 5.05 Analysis Gross Rent Multi 20.00 Analysis Vacancy Rate Percent 0.00 Assessments 0.00 Association And Fees Hoa No Attached Detached Attached Community None Country USA Distressed Info None Dwelling Type 2 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 2000.00 Expenses Insurance 2000.00 Expenses Maintenance Supplies 1500.00 Expenses Management 0.00 Expenses Other Expenses 0.00 Expenses Resident Manager 0.00 Expenses Taxes Assessments 6094.72 Expenses Water Sewer 1200.00 Fema Flood Zone No Fire Protection Included in Taxes Gas Natural Horse Facilities No Horse Property No Income Adjusted Gross 45000.00 Income Gross Scheduled Rent 45000.00 Income Net Opp Income 32205.28 Income Other Income 0.00 Income Total Expenses 12794.72 Income Vacancy Loss 0.00 Lot Dimensions 41.5'X184.8 Lot Features Adjacent to AlleyEast/West Exposure Lot Size Source Assessor Lot Sqft 7841.00 Municipal Flood Zone No Municipality Zoning Tucson - HR2 Neighborhood Features ParkSidewalks Property Disclosures None Road Maintenance City Section 12 Security None Sewer Connected Special Conditions None Style Bungalow Subdivision Restrict Age Restrictions No Subdivision Restrict Cc Andrs No Subdivision Restrict Deed Restrictions No Tax Year 2024 Taxes 6094.72 Taxes For Dwelling & Land Terms CashConventionalExchangeVA Loan Total Parking 2 Township 14 Unit1 Information Floor 1st Unit1 Information Monthly Rent 2500 Unit1 Information Stories Single Unit2 Information Floor 1st Unit2 Information Monthly Rent 1875 Unit2 Information Stories Two Utilities Paid Cable Tv Tenant Utilities Paid Electric Tenant Utilities Paid Gas Tenant 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 by Realty Executives Arizona Terr: (520) 877-4940. Listing information © 2024 MLS of Southern Arizona.


MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2024-12-06T00:06:43.543.
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 Tierra Antigua Realty are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
 
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Tierra Antigua Realty
1650 E River Road, Suite 202
Tucson AZ, 85718
Courtesy of Realty Executives Arizona Terr.