NO SHOWINGS UNTIL ACCEPTED CONTRACT!! DO NOT DISTURB TENANTS. Excellent multi-family income property for sale! 5 total rental units on this property. There is 2 buildings. 1.) 1980 3-plex at 1,802 sq/ft 2.) 1940 2-plex 792 sq/ft. There is 2 studios, 1 (1 bedroom & 1 bath) & 2 (2 bedroom & 1 bath) units. Large lot at .33 acres gives lots of additional potential for a buyer. Off street parking too! Just south of UofA! Rents currently below market value with room to improve! Actual CAP rate is 5%. Estimated Proforma CAP Rate is 6.9% when adjusting rents to estimated current market value.
Off market
Zestimate®
$569,800
227 N Warren Ave, Tucson, AZ 85719
2beds
1,353sqft
Triplex
Built in 1940
-- sqft lot
$569,800 Zestimate®
$421/sqft
$1,861 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 17, 2024 at 01:03pm
Listed by:
Jeremy Groch 520-440-0986,
Tierra Antigua Realty,
Jackie M Groch 520-240-8844
Bought with:
Jeremy Groch
Tierra Antigua Realty
Jackie M Groch
Source: MLS of Southern Arizona,MLS#: 22207505
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 3
Primary bathroom
- Description: Countertops: Cultered Marble
- Features: Shower & Tub/Primary, Shower Only/Primary
Bathroom
- Features: Pedestal Sink(s)
Dining room
- Features: None, Breakfast Nook
Kitchen
- Description: Pantry: Cabinet,Countertops: Tile, Laminate
Heating
- Forced Air, Natural Gas, Radiant
Cooling
- Central Air, Window Unit(s)
Appliances
- Included: Electric Range, Gas Range, Refrigerator, Water Heater: Electric, Natural Gas, Appliance Color: Almond, Oven: Gas And Electric
- Laundry: None
Features
- Beamed Ceilings, Ceiling Fan(s), Family Room, Breakfast: Nook, Dining Areas: Breakfast Nook
- Flooring: Ceramic Tile, Concrete, Mexican Tile
- Windows: Skylights, Window Covering: None
Interior area
- Total structure area: 2,594
- Total interior livable area: 1,353 sqft
Property
Parking
- Total spaces: 5
- Parking features: On Property, On Street, Gravel
- Has uncovered spaces: Yes
- Details: RV Parking (Other): None
Accessibility
- Accessibility features: None
Features
- Levels: Unit 1 Stories: Single,Unit 2 Stories: Single,Unit 3 Stories: Single
- Stories: 1
- Patio & porch: Covered, Deck
- Exterior features: None
- Pool features: None
- Spa features: None
- Fencing: Stucco Finish
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 0.33 Acres
- Dimensions: 184 x 74 x 184 x 74
- Features: Adjacent to Alley, Adjacent to Wash, North/South Exposure, Landscape - Front: None, Landscape - Rear: None
Details
- Parcel number: 12409012A
- Zoning: R2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subtype: Triplex
Materials
- Masonry Stucco
- Roof: Foam,Shingle
Condition
- Existing
- New construction: No
- Year built: 1940
Utilities & green energy
- Electric: Tep
- Gas: Natural
- Water: Public
- Utilities for property: Cable Connected, Phone Connected, Sewer Connected
Community & neighborhood
Security
- Security features: Window Bars
Community
- Community features: None
Location
- Region: Tucson
- Subdivision: Bingham Addition
HOA & financial
HOA
- Has HOA: No
Other financial information
- Total actual rent: 1750
Other
Other facts
- Listing terms: Cash,Conventional
- Ownership type: Investor
- Road surface type: Paved
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Estimated market value
$569,800