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1821-1827 S Jefferson Avenue

Tucson, AZ 85711
  • $2,345,000
  • STATUS: Active Under Contract
  • ID#: 22321976
Under Contract
UPDATED: 33 min ago
$2,345,000
  • 0
    BEDS
  • 0.91
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,394
    SQFT
  • $226
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2001
County:
Area:

School Ratings & Info

Courtesy of OMNI Homes International.

Description

Jefferson Village presents a unique investment opportunity with its combination of 5 duplexes and two single-family homes on a one-acre lot in central Tucson. Here are some key aspects of this investment opportunity:Location and Lot Size:Situated in central Tucson, the location is likely to be advantageous for attracting tenants or potential buyers due to its proximity to various amenities and services.The one-acre lot provides ample space and potentially desirable privacy for residents within a central location.Property Features:Private entrance and a spacious interior parking area enhance the privacy and convenience for residents.Individual front and backyard spaces for each unit can attract tenants looking for a more residential, private feel.Laundry closets in all units.Solar Panels: Having paid-for solar on all units is a significant advantage, potentially reducing operating expenses and attracting environmentally conscious tenants. Low Maintenance and Well-Maintained: The low-care and well-maintained aspect of the property is appealing to investors as it suggests lower ongoing maintenance costs and higher tenant satisfaction. Diversification of Units: The combination of duplexes and single-family homes provides diversification in terms of the type of units available, potentially appealing to a broader range of renters or buyers. Investment Potential: With the combination of solar panels, low maintenance, and a desirable location, Jefferson Village may offer strong investment potential with good cash flow and potential appreciation over time. Tenant Attraction: Emphasizing the private entrance, ample parking, individual outdoor spaces, and energy-saving solar panels can attract tenants seeking a comfortable, eco-friendly living environment. Financial Considerations: Before making any investment decisions, it's crucial to conduct a thorough financial analysis, including cash flow projections, expenses, financing options, and potential returns on investment. In considering this investment opportunity, potential investors should conduct due diligence, evaluate the local real estate market, assess the property's condition, financials, and potential for rental income or resale value. Consulting with a real estate professional and financial advisor is advisable to ensure a well-informed investment decision.

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MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2024-07-19T22:07:46.833.
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 Tucson Real Estate Group | Long Realty are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
www.tucsonrealestategroup.com/homes/144234708
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1821-1827 S Jefferson Avenue Tucson, AZ 85711

  • Price: $2,345,000
  • Status: Active Under Contract
  • On Site: Days
  • Updated: 33 min ago
  • ID#: 22321976
0
Beds
0
Baths
0
½ Baths
0.91
Acres
10,394
SQFT
$226
$/SQFT
2001
Built
Neighborhood:
Central
County:
Pima
Area:
Central
Property Description
Jefferson Village presents a unique investment opportunity with its combination of 5 duplexes and two single-family homes on a one-acre lot in central Tucson. Here are some key aspects of this investment opportunity:Location and Lot Size:Situated in central Tucson, the location is likely to be advantageous for attracting tenants or potential buyers due to its proximity to various amenities and services.The one-acre lot provides ample space and potentially desirable privacy for residents within a central location.Property Features:Private entrance and a spacious interior parking area enhance the privacy and convenience for residents.Individual front and backyard spaces for each unit can attract tenants looking for a more residential, private feel.Laundry closets in all units.Solar Panels: Having paid-for solar on all units is a significant advantage, potentially reducing operating expenses and attracting environmentally conscious tenants. Low Maintenance and Well-Maintained: The low-care and well-maintained aspect of the property is appealing to investors as it suggests lower ongoing maintenance costs and higher tenant satisfaction. Diversification of Units: The combination of duplexes and single-family homes provides diversification in terms of the type of units available, potentially appealing to a broader range of renters or buyers. Investment Potential: With the combination of solar panels, low maintenance, and a desirable location, Jefferson Village may offer strong investment potential with good cash flow and potential appreciation over time. Tenant Attraction: Emphasizing the private entrance, ample parking, individual outdoor spaces, and energy-saving solar panels can attract tenants seeking a comfortable, eco-friendly living environment. Financial Considerations: Before making any investment decisions, it's crucial to conduct a thorough financial analysis, including cash flow projections, expenses, financing options, and potential returns on investment. In considering this investment opportunity, potential investors should conduct due diligence, evaluate the local real estate market, assess the property's condition, financials, and potential for rental income or resale value. Consulting with a real estate professional and financial advisor is advisable to ensure a well-informed investment decision.
Exterior Features

Construction Frame - Stucco Fence Block Landscape Front Desert PlantingsLow CareShrubsTrees Landscape Rear Decorative GravelLow CareNatural DesertTrees Parking Paved ParkingPrivate ParkingPublic ParkingShared Road Type Paved Roof Shingle

Interior Features

Main Cooling Central Air Main Heating Electric Space Information Ceiling Height 8ft Space Information Door Height 8 ft Water Heater Electric

Property Features

Analysis Cap Rate Percent 3.48 Analysis Exp Percent Of Gross 37.80 Analysis Exp Sqft 4.89 Analysis Gross Rent Multi 17.86 Analysis Vacancy Rate Percent 0.00 Assessments 0.00 Contingent Active Contingent Country USA Electric Electric Company TEP Expenses Admin Expenses 0.00 Expenses Captial Expenses 0.00 Expenses Contract Services 0.00 Expenses Figures Presented Proforma Expenses Gas Electric 10252.00 Expenses Insurance 21600.00 Expenses Maintenance Supplies 0.00 Expenses Management 0.00 Expenses Other Expenses 0.00 Expenses Resident Manager 0.00 Expenses Taxes Assessments 11314.00 Expenses Water Sewer 7637.00 Fema Flood Zone No Fire Protection Included in Taxes Freeway Highway Over 5.1 Miles Gas None Green Features Energy Smart Home RtgEnergy Star ApplianceEnergy Star QualifiedEnergy Star WindowsLow E DP WindowsLow Flow FaucetsLow Flow ShowerheadsSolar PV System Income Adjusted Gross 134400.00 Income Gross Scheduled Rent 134400.00 Income Net Opp Income 83597.00 Income Other Income 0.00 Income Total Expenses 50803.00 Income Vacancy Loss 0.00 Lot Dimensions 157x251x157x251 Lot Features Subdivided Lot Sqft 39407.00 Multi Tenant Yes Municipal Flood Zone No Municipality Zoning Tucson - R2 Property Disclosures Deed RestrictionsEasementsPublic Airport VctySeller Prop DisclosureSurveyed Plat Property Features Smoke DetectorStorage Property Features ADACompliant Yes Property Sub Type Other Restrictions CC&R Security Cameras Sewer Connected Short Sale No Source Of Sqft Assessor Special Conditions None Tax Year 2022 Taxes 11342.00 Terms CashConventional Total Parking 16 Traffic Count Unknown Water City

Listing provided by OMNI Homes International: (520) 275-4077. Listing information © 2024 MLS of Southern Arizona.


MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2024-07-19T22:07:46.833.
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 Tucson Real Estate Group | Long Realty are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
 
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Tucson Real Estate Group | Long Realty
4051 E. Sunrise Drive, Suite 101
Tucson AZ, 85718
Courtesy of OMNI Homes International.