NOT LISTED FOR SALE

602 E Lester St Tucson, AZ 85705

Jefferson Park Neighborhood
10 Beds
5 Baths
762 Sq Ft
1979 Built

Last Sold January 22, 2021

Last sale price $623,750 $819 Per Sq Ft

28 Days on Market

About This Home

As of January 2021

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.

Last Listed By

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 10/28/2020

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,825

Year Built

  • Built in 1979

Home Design

  • Built-Up Roof
  • Block Exterior

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 00006 / 024
  • Assessor Parcel Number 115-02-145-C

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Building Dimensions are 120 x 154
  • Tucson Heights Subdivision

Building Details

  • Operating Expense $14,158
  • Gross Income $51,084
  • Net Operating Income $37,517

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,825

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: Euclid & Speedway
  • Legal Info Range: 13
  • Property Type: Multiple Dwellings
  • Zoning: R2
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1979
  • Tax Year: 2014
  • Directions: Euclid & Speedway north to Lester west to the property
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2400.0
  • Subdivision Name: TUCSON HEIGHTS
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central A/C
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 3403.0

Lot Info

  • Lot Size: 120 x 154
  • Additional Parcels: No
  • Parcel #: 115-02-145-C

Multi Family

  • Owner Pays: Other
  • Tenant Pays: See Remarks
  • Number Of Units Total: 5
  • Annual Gross Income: 51084.0
  • Insurance Expense: 2130.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 37517.0
  • Annual Operating Expense: 14158.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 3825.0
  • Tax Block: 024
  • Tax Book Number: 115.00
  • Tax Lot: 00006

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2021 01/22/21 Sold $623,750 -2.5% $819 / Sq Ft
10/28/2020 10/28/20 For Sale $640,000 -- $840 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steve Fowler

    Seller's Agent in 2021

    Steve Fowler

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 430-5843

    2 in this area

    67 Total Sales

    Steve Fowler
    Section Image

  • N

    Buyer's Agent in 2021

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6153664

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Pima County Tucson 85705 Jefferson Park

602 E Lester St, Tucson, AZ

Homes for Sale in Tucson, AZ

This home is located at 602 E Lester St, Tucson, AZ 85705 since 28 October 2020. This property was built in 1979. 602 E Lester St is a home located in Pima County with nearby schools including Blenman Elementary School, Doolen Middle School, and Catalina High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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