$1,000,000
Tucson, AZ 85719
MLS# 21822197
Status: Closed
10572 sqft
1 / 4
Property Description
GREAT PROPERTY. 31 STUDIO UNITS NEAR PARK AND GRANT. NEAR THE U OF A.
Details
Documents
Address Information
Country: USA
Street #: 2497
Direction: N
Street Name: Park
Suffix: Avenue
State/Province: AZ
Zip Code: 85719
County: Pima
Location, Tax & Legal
Tax Year: 2017
Taxes: 10553.22
Assessments: 0
Legal Description: N215' OF S624.07' OF W160' M/L OF E212' OF SE4SW4 SW4 .79 AC SEC 31-13-14(11018/595)
Municipality/Zoning: Tucson - R3
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Tax Code: 113-09-089A
Area: Central
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $1,000,000
Sold Price: $1,000,000
Listing Date: 2018-08-14
Status: Closed
Status Change Info
Off Market Date: 2018-09-10
Sold Price/SqFt: 94.59
Lot Sz Sold Prc/SqFt: 29.07
Financing: Cash
Pending Date: 2018-10-02
Sold Date: 2018-11-26
Sold Price: $1,000,000
Showing Information
Directions: FROM GRANT AND PARK NORTH TO ADDRESS
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 31
Lot Dimensions: N/A
Lot Acres: 0.79
Total Parking: 31
Lot Sqft: 34400
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
Leasable SqFt: 10240
List Price/SqFt: 104.05
Lot Size Price/SqFt: 31.98
Year Built: 1977
Combined SqFt: 10572
Electric
Electric Company: TEP
Income
Vacancy Loss: 6789
Other Income: 0
Adjusted Gross: 128991
Gross Scheduled Rent: 135780
Net Opp Income: 64208
Gas
None: 1
Analysis
Gross Rent Multi: 7.75
Vacancy Rate %: 5
Cap Rate %: 5.84
Construction
Concrete Block: 1
Expenses
Admin Expenses: 4227
Contract Services: 3870
Figures Presented: Proforma
Gas/Electric: 0
Insurance: 6200
Maintenance Supplies: 12899
Management: 9674
Resident Manager: 0
Taxes/Assessments: 10553
Water/Sewer: 11160
Other Expenses: 6200
Sewer
Connected: 1
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/Studios: 31
Avg Mo Rent/Studios: 365
Roof
Built-Up: 1
Water
Public: 1
Fence
Chain Link: 1
Space Information
Ceiling Height: 8ft
Road Type
Paved: 1
Fenced Storage
No: 1
Lot Features
North/South Exposure: 1
Main Cooling
Zoned: 1
Main Heating
Electric: 1
Zoned: 1
Water Heater
Electric: 1
Terms
Cash: 1
Submit With Offer
Earnest Check: 1
Income Property Addendum: 1
Lender Pre-Approval: 1
Proof of Funds: 1
Accessibility Option
None: 1
Security
Window Bars: 1
Other: DOORS
Sold Info
Seller Concessions: 0
Landscape - Front
Low Care: 1
Landscape - Rear
Low Care: 1
Parking
Paved Parking: 1
Business Location
Free Standing Bldg: 1
Property Disclosures
None: 1
Remarks Misc
Geo Lat: 32.251697
Geo Lon: -110.95721
Property Features
Construction: Concrete Block
Roof: Built-Up
Fenced Storage: No
Main Cooling: Zoned
Main Heating: Electric; Zoned
Water Heater: Electric
Gas: None
Sewer: Connected
Water: Public
Accessibility Option: None
Security: Window Bars
Fence: Chain Link
Landscape - Front: Low Care
Landscape - Rear: Low Care
Road Type: Paved
Parking: Paved Parking
Lot Features: North/South Exposure
Business Location: Free Standing Bldg
Terms: Cash
Submit With Offer: Earnest Check; Income Property Addendum; Lender Pre-Approval; Proof of Funds
Property Disclosures: None
2017 P & L 
Listing Office: Long Realty Company
Last Updated: December - 10 - 2024
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