$623,750
$640,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
602 E Lester Street Tucson, AZ 85705
3,808 SqFt
Key Details
Sold Price $623,750
Property Type Commercial
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 3,808 sqft
Price per Sqft $163
MLS Listing ID 22027188
Sold Date 01/22/21
Year Built 1979
Annual Tax Amount $3,512
Tax Year 2019
Lot Size 0.400 Acres
Acres 0.4
Property Description
Prime Location! Five unit well maintained apartment complex located in the north University sub-market. The property is comprised of two buildings with a courtyard on a .4 acre corner lot completely walled with off street parking and covered patios. All units are 2/1 floor plans and include central AC/heat, in unit washer and dryer, plank vinyl and ceramic flooring and fire places in each unit. All tenants are on leases through 7/31/2021. Four or the five tenants are long term with an occupancy of 3-5 years paying under market rents. Rents can easily be raised on the next lease term. Similar units in the immediate area are a minimum of $950 per month. Financials and rent roll under documents tab.
Location
State AZ
County Pima
Area Central
Zoning Tucson - R2
Exterior
Garage Spaces 10.0
Roof Type Built-Up
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Copyright 2024 MLS of Southern Arizona
Bought with Long Realty Company