Distinctive, historic brick 5-Plex in highly desirable West University neighborhood. Perfectly located, a few blocks from both the University of Arizona campus and downtown Tucson. Attributed to famous early Southwest architect, Henry Trost. Completely renovated, 2018-2021. All new plumbing, electric, sewer, HVAC, tankless water heaters, roofs, kitchens, baths, doors and many windows. Stylishly-remodeled interiors with exposed brick walls, refinished oak and straight grain fir floors, stamped tin fascia, refurbished leaded windows and antique clawfoot tub. New upscale kitchen cabinets, quartz countertops, stainless appliances, attractive lighting fixtures, hand-hewn wood open shelving with copper tubing, rolling barn doors, and numerous other designer finishes and accents. Washer/dryer in each unit. Ample, gated off-street parking. Above average rents, though room for increases with current lease expirations. Low expense ratio. Since practically new, very little maintenance required. Units lease immediately. Virtually no vacancy loss. Fifth unit in rear is architecturally matching, restored brick cottage with addition (kitchen) in 2021. This unit would be perfect for an owner/occupant. Gross Current Rent: $72,000/yr 2021 Expenses (Taxes, Insurance, Utilities, Repairs/Maintenance): $11,000 Net Income (Projected, 2022): $61,000/yr Buyer's Agent Welcome Call, email or text for more information
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