531 S Main Avenue
Tucson, AZ 85701

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Description

Two detached homes on One lot in downtown historic neighborhood. There is a shared backyard and parking is on-street.Home #531. 1075 sqft Zoned AC/Heat, 2 flex-use rooms, washer hookup in the laundry room, secluded patio, covered front porch, recently painted exterior, updated sewer and water lines. Currently leased at $1295/mo until 2/28/25. Home #529, 637 sqft, Central AC/forced air heat, washer hookup on covered back porch, recently painted exterior, updated sewer and water lines, on-street parking. Currently leased at $995/mo until 3/31/2025 Both homes offer different amenities and rental rates providing varied investment strategies. If you are interested in viewing the properties, showings can be scheduled upon accepted offer.

Features

• Property Type: Residential Income
• Sub Type: 2 Plex
• Listing Status: Active
• County/Area: Pima County
• Zip Code: 85701
• Year Built: 1920
• Subdivision/Neighborhood: City Of Tucson
• Elementary School: Carrillo
• Middle School: Drachman
• High School: Tucson
• Lot Size: 0.76 acres
• Analysis: Cap Rate %: 3.74
• Construction: Mud Adobe, Stucco Finish
• Construction Status: Existing
• Country: USA
• Directions: From Broadway/Stone go South to Cushing West to Main Ave South to address
• Expenses: Gas/Electric: 352.00
• Fire Protection: Included in Taxes
• Gross SqFt: 1712.00
• Income: Net Opp Income: 22252.00
• List Price/SqFt: 347.55
• Lot Dimensions: 42 x78 x44 x80
• Lot Size Price/SqFt: 179.70
• Lot Size Source: Assessor
• Lot Sqft: 3311.00
• Main Cooling: Central Air, Zoned
• Main Heating: Electric, Natural Gas, Zoned
• Municipality/Zoning: Tucson - HO3
• Sewer: Connected
• Terms: Cash, Conventional, FHA Loan
• Township: 14
• Water: City Water