Tucson, AZ 85705,602 E LESTER Street
Tucson, AZ 85705,602 E LESTER Street
Tucson, AZ 85705,602 E LESTER Street
20
$623,750
$640,000
2.5%
Est.Price: ?

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602 E LESTER Street Tucson, AZ 85705

Est. payment /mo
SOLD DATE : 01/22/2021

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Key Details

Sold Price $623,750

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Tucson Heights

MLS Listing ID 6153664

Sold Date 01/22/21

Maintenance Fees $2,400

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1979

Annual Tax Amount $3,825

Tax Year 2014

Lot Dimensions 120 x 154

Property Description

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, 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. Similar units in the immediate are are a minimum of $950 per month. Out of state owner manages the property with an onsite tenant/resident manager with a $200 per month rent decrease. numbers shown area based on 2020 expenses and current rent roll. Financials under documents tab.

Location

State AZ

County Pima

Community Tucson Heights

Zoning R2

Direction Euclid & Speedway north to Lester west to the property

Interior

Heating Central

Cooling Central A/C

Appliance FS OvenRange, Refrigerator, WasherDryer

Exterior

Community Features No Pool

Waterfront No

Roof Type Built-Up

Total Parking Spaces 10

Building

Sewer Public Sewer

Water City Franchise

Schools

School District Out Of Area

Others

Senior Community No

Tax ID 115-02-145-C

Acceptable Financing Conventional, FHA, VA Loan

Listing Terms Conventional, FHA, VA Loan

Financing Conventional

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Arizona Regional MLS (ARMLS)
Listed by Better Homes & Gardens Real Estate SJ Fowler
Bought with Non-MLS Office

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Alexander Prewitt

Team Leader | License ID: SA641140000

+1(520) 237-8411

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