$625,000
$660,000
5.3%For more information regarding the value of a property, please contact us for a free consultation.
3107 N Chapel Avenue Tucson, AZ 85716
Key Details
Sold Price $625,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Binghampton
MLS Listing ID 6143163
Sold Date 02/10/21
Maintenance Fees $3,720
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1980
Annual Tax Amount $3,288
Tax Year 2019
Lot Dimensions 124x148
Property Description
This is a well located six unit property (north central sub-market) comprised of two separately parceled triplexes. Well laid out complex located on a corner lot of almost a half acre with solid masonry construction and concrete paved parking lots. Parcel one is a detached 4/2 house with a duplex comprised of two 2/1 units. Parcel two is comprised of a triplex with three 2/1 units. All units have off street paved parking and private fenced back yards. Several tenants are mo-mo and rents can easily be raised. Average rental rate in this area for a 2/1 is $900. Figures shown are actual from 2019, recent rent increases for 2020 are not reflected. Based on the current rent role the property is a 8% cap rate. This is an owner managed property. Financials under documents tab
Location
State AZ
County Pima
Community Binghampton
Zoning R-2
Direction Traveling east on E Fort Lowell Rd, turn right (South) on N Chapel Ave, property will be on the corner of N Chapel Ave & E Presidio Rd.
Interior
Heating Natural Gas
Cooling Central A/C, Evaporative Cooling, Wall/Window Unit(s)
Flooring Wood
Appliance FS OvenRange, BI OvenRange
Exterior
Garage Paved Parking
Community Features No Pool
Waterfront No
Roof Type Composition, Built-Up
Parking Type Paved Parking
Total Parking Spaces 12
Building
Sewer Sewer-In & Connected, Public Sewer
Water City Franchise
Schools
School District Out Of Area
Others
Senior Community No
Tax ID 111-05-283-A
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Bought with Non-MLS Office
Bob Nathan
Global Private Office Advisor & Associate Broker | License ID: BR006110000
GET MORE INFORMATION