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Off market
    • $393,500

    528 S Cherry Ave, Tucson, AZ 85719

    4beds
    1,388sqft
    MultiFamily
    Built in 1994
    -- sqft lot
    $393,500 Zestimate®
    $284/sqft
    $1,472 Estimated rent

    Owner options

    List your home for rent

    $1,472/mo

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    $1,472/mo

    Rent Zestimate®

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    $2,270/mo

    Est. payment

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    $2,270/mo

    Est. payment

    What's special

    Fantastic Investment Opportunity at 8.0% Cap Rate!! Newer construction in UofA area rented through 7/26/2020 at $3,000 a month! Leased for 8/1/2020 - 7/26/2021 at $2,800 a month. House remodeled in 2019 with new tile throughout, updated bathrooms, new ceiling fans, new kitchen counter tops! Large living areas and bedrooms. House located on cul-de-sac lot with one of the best backyards near the UofA boasting huge pool and spa! Property backs up to common area! Nice bathrooms and perfect floorplan for communal living. HUGE yard, with NEW POOL, Turf, Spa (2017) and lots of potential for this R-2 lot. Home has been professionally managed and management would stay on if desired. PLEASE DO NOT DISTURB TENANTS. One of the Members of Seller is licensed to Sell Real Estate in Arizona.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced air, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Garbage disposal, Refrigerator
    • Laundry: Laundry Closet
    Features
    • Ceiling Fan(s), Walk-In Closet(s), Formal Dining Room, Family Room
    • Flooring: Tile
    • Windows: Double Pane Windows, Window Coverings
    Interior area
    • Total interior livable area: 1,388 sqft

    Property

    Parking
    • Parking features: Carport
    • Details: On Property
    Features
    • Entry level: 1st,1st
    • Patio & porch: Covered
    • Exterior features: Stucco
    • Pool features: Community
    • Has spa: Yes
    • Spa features: Community
    • Fencing: Wood, Block
    • Has view: Yes
    • View description: Mountain
    Lot
    • Size: 10,018 sqft
    • Residential vegetation: Brush, Low Care, Decorative Gravel, Shrubs, Trees
    Details
    • Parcel number: 12414003E
    • Zoning: R2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Contemporary
    Materials
    • Roof: Other
    Condition
    • Year built: 1994

    Utilities & green energy

    • Electric: TEP
    • Gas: Natural
    • Sewer: Connected
    • Water: Public
    • Utilities for property: Cable Available, Natural Gas Available, Sewer Connected

    Community & neighborhood

    Security
    • Security features: Window Bars
    Location
    • Region: Tucson

    Other

    Other facts
    • ViewYN: true
    • WaterSource: Public
    • RoadSurfaceType: Paved
    • Zoning: R2
    • Appliances: Dishwasher, Refrigerator, Disposal, Gas Water Heater
    • InteriorFeatures: Ceiling Fan(s), Walk-In Closet(s), Formal Dining Room, Family Room
    • Roof: Shingle
    • SpaYN: true
    • CarportYN: true
    • HeatingYN: true
    • Utilities: Cable Available, Natural Gas Available, Sewer Connected
    • CoolingYN: true
    • Heating: Natural Gas, Forced Air - Gas
    • TenantPays: Cable TV, Electricity, Gas, Sewer, Water, Trash Collection
    • PropertyAttachedYN: true
    • WindowFeatures: Double Pane Windows, Window Coverings
    • ArchitecturalStyle: Contemporary
    • OwnerPays: Grounds Care, Insurance, Taxes, Pool Maintenance
    • Flooring: Ceramic Tile
    • OperatingExpenseIncludes: Other, New Tax, Insurance, Supplies, Staff, Contract Services
    • SpecialListingConditions: Standard
    • WaterSewerExpense: 0.00
    • ParkingFeatures: Driveway, Carport, On Property
    • LotSizeSource: Assessor
    • Fencing: Wood, Block
    • PoolFeatures: Community
    • PatioAndPorchFeatures: Covered
    • View: Mountain(s), Sunrise
    • LaundryFeatures: Laundry Closet
    • SpaFeatures: Community
    • RoadResponsibility: Public Maintained Road
    • GrossIncome: 36000.00
    • CapRate: 8.06
    • Vegetation: Brush, Low Care, Decorative Gravel, Shrubs, Trees
    • ProfessionalManagementExpense: 0.00
    • Gas: Natural
    • ConstructionMaterials: Frame - Stucco
    • ManagerExpense: 0.00
    • SecurityFeatures: Window Bars
    • VacancyAllowance: 0.00
    • VacancyAllowanceRate: 0.00
    • CommunityFeatures: Paved Street
    • OtherParking: On Property
    • GrossScheduledIncome: 36000.00
    • RoomDiningRoomFeatures: Area
    • Sewer: Connected
    • Electric: TEP
    • EntryLevel: 1st,1st
    • RoomBathroomFeatures: Shower & Tub/Hall, Shower & Tub/Master
    • RoomMasterBathroomFeatures: Shower & Tub/Master
    • Cooling: AC Central
    • RoomKitchenFeatures: Appliance Color / White, Oven / gas, Countertops / Vynal, Microwave / Conventional
    • MlsStatus: Active Contingent
    • InsuranceExpense: 543.00
    • NetOperatingIncome: 28216.00
    • NewTaxesExpense: 1889.00
    • OperatingExpense: 7784.00
    • OtherExpense: 345.00
    • SuppliesExpense: 3967.00
    • Road surface type: Paved
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    Estimated market value
    $393,500

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