#C2

Tucson, AZ 85713

$84,000

For Sale by Owner is this 2 Bedroom, 1.5 Bath sunny corner townhouse with a large, private backyard and many recent renovations. The unit is located in a well-managed cooperative community one block from Reid Park/Zoo/Golf Course, and near shopping and bus lines.

Great for snowbirds seeking a second home or anyone wishing to escape rising rent prices. Cash sale only and the coop does not permit rentals. Monthly HOA is $294. Water, sewer, trash, and real estate taxes are covered by the coop, as are the grounds and building maintenance. Pool and laundry room onsite. One covered, assigned parking spot.

Unit Features

• Two-story
• Corner unit
• South-facing
• Brick construction
• 720 Square Feet
  • Living Room: 12.5 x 18′
  • 1st Bedroom: 10 x 11.5′
  • 2nd Bedroom: 8 x 10.5′
• Beautifully landscaped private yard with pergola and shed
• Double-paned, tinted windows & sliding glass front entry
• Newer electric range / microwave
• Laminate wood flooring
• Downstairs half-bath with washer hookup
• Ceiling Fans
• Evaporative Cooler
• Electric water heater
• Monthly HOA only $294

Co-Op Features

• Water, sewer, trash, real estate taxes covered by coop
• Covered, assigned parking space
• Recently updated sparkling swimming pool
• All building exteriors recently painted
• Pets allowed (some exclusions apply)
• One block to Reid Park / Zoo / Golf Course and bus lines
• Proximity to shopping on 22nd Street and El Con Mall on Broadway
• Onsite laundry room with coin- or app-operated washers and dryers
• Responsive board of directors
• Friendly community
• Online payments available through property management website

Qualification

This co-op requires buyers to meet certain criteria. To purchase a unit, all of the following qualifications must be met. These are non-negotiable.

• Minimum FICO score of 700
• Monthly net income of at least $1,758 (6 times the monthly HOA fee)
• No foreclosures, evictions, or bankruptcies in the last 7 years
• No criminal felony or drug arrest record

Application Process

The steps for buying a unit in a co-op are a bit different from buying a traditional home. After a purchase offer is accepted, the buyer must go through the following steps:

1. Buyer submits an application and Application Fee ($150) to the coop’s property management company.
2. The property management company performs a background and financial check on the applicant.
3. Once the application is approved, the applicant meets with the Board of Directors for an interview.
4. The Board of Directors approves (or denies) the applicant.
5. If the applicant is approved, the applicant pays the New Member Fee ($500) and (depending on terms of the purchase) the Cooperative Stock Transfer Fee ($300).
6. The sale can now move forward.