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4012 E Fairmount Street

Tucson, AZ 85712
  • $500,000
  • STATUS: Active
  • ID#: 22220910
UPDATED: 65 min ago
$500,000
  • 4
    BEDS
  • 0.2
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,972
    SQFT
  • $254
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1971
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Courtesy of Better Homes & Gardens Real Estate-Sj Fowler.

Description

One unit going vacant, perfect for an owner occupant. Seller will pay for two discount points for the buyers loan. Beautifully updated duplex. Both units leased 12 month term, $1625 & $1825, 5.2% cap (actual income and expenses). These are beautiful luxury apartments with all the amenities and and location quality tenants are seeking. Large 2/2 floor plans, central AC/gas heat, in unit W&D, covered parking and fenced private yards. Just completed remodel with all new kitchens & baths, stainless appliances, hard surface countertops, electrical and plumbing fixtures, interior and exterior paint and durable plank vinyl flooring. One new AC unit installed in 2021, one rebuilt in 2020. Both water heaters are two years old. The roof was re-coated this years with a premium 10 year product.

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MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2022 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2022-10-05T16:07:19.943.
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 Kino Abrams brokered by Tierra Antigua Realty are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
www.kinoabrams.com/homes/131990645
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4012 E Fairmount Street Tucson, AZ 85712

  • Price: $500,000
  • Status: Active
  • On Site: Days
  • Updated: 65 min ago
  • ID#: 22220910
4
Beds
3
Baths
0
½ Baths
0.2
Acres
1,972
SQFT
$254
$/SQFT
1971
Built
Neighborhood:
Speedway Addition No. 1
County:
Pima
Area:
Central
Elementary School:
Wright
Middle School:
Doolen
High School:
Catalina
School District:
TUSD
Property Description
One unit going vacant, perfect for an owner occupant. Seller will pay for two discount points for the buyers loan. Beautifully updated duplex. Both units leased 12 month term, $1625 & $1825, 5.2% cap (actual income and expenses). These are beautiful luxury apartments with all the amenities and and location quality tenants are seeking. Large 2/2 floor plans, central AC/gas heat, in unit W&D, covered parking and fenced private yards. Just completed remodel with all new kitchens & baths, stainless appliances, hard surface countertops, electrical and plumbing fixtures, interior and exterior paint and durable plank vinyl flooring. One new AC unit installed in 2021, one rebuilt in 2020. Both water heaters are two years old. The roof was re-coated this years with a premium 10 year product.
Exterior Features

Construction Concrete Block Driveway Paved Asphalt Exterior Feature None Fence Wood Landscape Front Low Care Landscape Rear Low Care Patio Deck Patio Pool None Road Type Paved Roof Built-Up Spa None Unit1 Information Parking Carport Unit2 Information Parking Carport View None

Interior Features

Bathroom Features 2 Primary BathsShower & Tub/HallShower Only/Primary Breakfast Eat-In Dining Areas Eat-In Kitchen Dining Room Area Extra Room Storage Interior Features Ceiling Fan(S)Smoke DetectorWalk In Closets Kitchen Features Breakfast BarDishwasherRefrigerator Laundry In Bathroom Living Areas Family Room Main Cooling Central Air Main Heating Gas Pac Technology Cable TvHigh Speed Internet Unit1 Information Furnished No Unit1 Information Number Half Baths 0 Unit1 Information Sqft 1000 Unit2 Information Furnished No Unit2 Information Number Half Baths 1 Unit2 Information Sqft 972 Water Heater Natural Gas

Property Features

Accessibility Option None Analysis Cap Rate Percent 5.59 Analysis Exp Percent Of Gross 28.97 Analysis Exp Sqft 5.78 Analysis Gross Rent Multi 12.71 Analysis Vacancy Rate Percent 5.00 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 600.00 Expenses Figures Presented Actual Expenses Gas Electric 0.00 Expenses Insurance 1200.00 Expenses Maintenance Supplies 2000.00 Expenses Management 3146.00 Expenses Other Expenses 400.00 Expenses Resident Manager 0.00 Expenses Taxes Assessments 2048.00 Expenses Water Sewer 2000.00 Fema Flood Zone No Fire Protection Included in Taxes Gas Natural Horse Facilities No Horse Property No Income Adjusted Gross 39330.00 Income Gross Scheduled Rent 41400.00 Income Net Opp Income 27936.00 Income Other Income 0.00 Income Total Expenses 11394.00 Income Vacancy Loss 2070.00 Lot Dimensions 62' X 100' Lot Features North/South Exposure Lot Size Source Assessor Lot Sqft 9017.00 Municipal Flood Zone No Municipality Zoning Tucson - R2 Neighborhood Features None Property Disclosures Seller Prop Disclosure Road Maintenance City Section 3 Security Window Bars Sewer Connected Special Conditions None Style Ranch Subdivision Restrict Age Restrictions No Subdivision Restrict Cc Andrs No Subdivision Restrict Deed Restrictions No Tax Year 2021 Taxes 2047.91 Taxes For Dwelling & Land Terms CashConventional Total Parking 4 Township 14 Unit1 Information Floor 1st Unit1 Information Monthly Rent 1625 Unit1 Information Stories Single Unit2 Information Floor 1st Unit2 Information Monthly Rent 1825 Unit2 Information Stories Single 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 Better Homes & Gardens Real Estate-Sj Fowler: (480) 649-3536. Listing information © 2022 MLS of Southern Arizona.


MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2022 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2022-10-05T16:07:19.943.
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 Kino Abrams brokered by Tierra Antigua Realty are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
 
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Kino Abrams brokered by Tierra Antigua Realty
1650 E River Road, Suite 202
Tucson AZ, 85718
Courtesy of Better Homes & Gardens Real Estate-Sj Fowler.