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644 Tombstone Canyon, Bisbee, AZ 85603

$440,000
Property Type: Multi-Family Square Footage: 1,429 Lot Size (sq. ft.): 72 Status: Active
Current Price: $440,000 List Date: 9/28/2024 Last Modified: 1/10/2025

Description

Gorgeous historic home being used currently as a duplex, this property can be converted back into a single family home. New mini splits, new fridge in the upstairs unit & new electrical, new flooring downstairs in the kitchen & bedroom. Located across the street from the original fire house in Old Bisbee, within walking distance of shops, & restaurants. Currently both units being used as an Airbnb, fantastic location with large yard & off street parking! Storage shed & 2 patios upstairs, you can't beat the location. Now available! Owner/Agent

More Information MLS# 22424137

Address Information

Street #: 644 Street Name: Tombstone Canyon State/Province: AZ Zip Code: 85603 County: Cochise Country: USA

Location Tax Legal

Tax Code: 103-60-032C Area: Cochise Subdivision: Out Of Pima County

Contract Information

Current Price: $440,000 List Price: $440,000 Listing Date: 2024-09-19 Status: Active Method of Title: Fee (Simple) Distressed Info: None

Showing Information

Directions: Up Tombstone Canyon across from fire house on the left.

General Property Information

Dwelling Type: 2 Plex Attached/Detached: Attached Construction Status: Existing Lot Dimensions: IRREGULAR Lot Acres: 0.14 Lot Sqft: 6098 Lot Size Source: Assessor Combined SqFt: 1429 Year Built: 1900 Total Parking: 1 School District: Bisbee Elementary School: Greenway Middle School: Lowell High School: Bisbee Horse Property: No Horse Facilities: No List Price/SqFt: 307.91 Lot Size Price/SqFt: 72.15

Remarks Misc

Geo Lat: 31.447896 Geo Lon: -109.928769

Unit Info

# of Units/1 BR: 2 Avg Mo Rent/1 BR: 1200

Unit 1 Information

Monthly Rent: 1200 # Beds: 1 # Full Baths: 1 SqFt: 715 Occupancy: No Stories: Single Floor: 1st Furnished: No Parking: On Street

Unit 2 Information

Monthly Rent: 1200 # Beds: 1 # Full Baths: 1 SqFt: 715 Occupancy: No Stories: Single Floor: 2nd Furnished: No Parking: On Street

Analysis

Cap Rate %: 5.39 Gross Rent Multi: 15.45 Exp/SqFt: 3.37 Exp % of Gross: 16.7

Income

Gross Scheduled Rent: 28800 Vacancy Loss: 0.2 Adjusted Gross: 28799.8 Total Expenses: 4810.08 Net Opp Income: 23989.72

Expenses

Gas/Electric: 2300 Taxes/Assessments: 2360.08 Water/Sewer: 150 Figures Presented: Proforma

Kitchen Features

Oven: only upper unit

Laundry

Other: Only upper unit

Extra Room

Other: Kitchenett in bottom

Interior Features

Interior Steps: Yes

Main Cooling

Other: Mini-Splits

Main Heating

Other: Mini-Splits

Electric

Electric Company: APS

Utilities Paid

Cable TV: Tenant Electric: Owner Gas: Owner Insurance: Owner Sewer: Owner Taxes: Owner Trash: Owner Water: Owner

RV Parking

Other: None

Subdivision Restrict

Age Restrictions: No Deed Restrictions: No CC&Rs: No

Home Protection

Offered: Yes Plan By: 2-10 <= $650

Property Features

Construction: Wood Frame Style: Contemporary Roof: Metal Living Areas: Living Room Dining Areas: Formal Dining Room Dining Room: Area; None Breakfast: None Kitchen Features: Electric Range; Dishwasher; Garbage Disposal; Refrigerator Bathroom Features: Shower & Tub/Primary; Shower Only/Primary Laundry: In Kitchen; Dryer Included; Washer Included Interior Features: Ceiling Fan(s); Skylights; Smoke Detector Floor Covering: Carpet; Ceramic Tile; Wood Window Covering: Stay Technology: High Speed Internet Main Cooling: Evaporative Cooling Main Heating: Natural Gas Water Heater: Natural Gas Gas: Natural Sewer: Connected Water: City Water Accessibility Option: None Security: None Pool: None Spa: None Fence: Chain Link Landscape - Front: Shrubs; Trees Landscape - Rear: Shrubs; Trees View: Mountain(s) Road Type: Paved Driveway: Car(s) Pad Exterior Feature: Shed Lot Features: East/West Exposure Neighborhood Features: None Terms: Cash; Conventional; FHA Loan; VA Loan Submit With Offer: Lender Pre-Approval; Proof of Funds Property Disclosures: Lead Based Paint; Seller Prop Disclosure Special Conditions: None

Documents

Listing Office: West USA Realty
Last Updated: January - 10 - 2025
644 Tombstone Canyon, Bisbee, AZ 85603- MLS# 22424137
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