$995,000
Tucson, AZ 85716
MLS# 21518493
Status: Closed
15950 sqft
1 / 6
Property Description
A great investment opportunity ''Pride of Ownership'' 24 Unit apartment complex in central location. Situated just north of Grant Rd, and west of Dodge. Strong rental market are with access to shopping conveniences and public transportation. Property shows history of long term tenants, lush landscaping and privacy. Each unit has a fenced yard and the pool is centrally located within the complex. All units have been well maintained and several have been remodeled.
Details
Address Information
Country: USA
Street #: 3623
Direction: E
Street Name: Flower
Suffix: Street
State/Province: AZ
Zip Code: 85716
County: Pima
Location, Tax & Legal
Tax Year: 2014
Taxes: 16244
Assessments: 0
Legal Description: Grant Land Acres Lot 7
Township: 13
Community: None
Range: 14
Section: 33
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
Tax Code: 111-08-0900
Area: Central
Subdivision: Grantland Acres
Contract Information
Distressed Info: None
Current Price: $995,000
Sold Price: $995,000
Listing Date: 2015-06-27
Status: Closed
Status Change Info
Off Market Date: 2015-09-02
Sold Price/SqFt: 62.38
Lot Sz Sold Prc/SqFt: 13.83
How Sold: Conventional
Pending Date: 2015-09-01
Sold Date: 2015-12-31
Sold Price: $995,000
Showing Information
Directions: North on Alvernon from Grant, west on Flower to address.
General Property Information
Lot Dimensions: 240 x 300
Lot Acres: 1.65
Lot Sqft: 71962
Lot Size Source: Assessor
List Price/SqFt: 68.97
Lot Size Price/SqFt: 15.29
Combined SqFt: 15950
Year Built: 1962
Unit Info
# of Units/Studios: 1
Avg Mo Rent/Studios: 435
# of Units/1 BR: 16
Avg Mo Rent/1 BR: 525
# of Units/2 BR: 6
Avg Mo Rent/2 BR: 625
# of Units/3 BR: 1
Avg Mo Rent/3 BR: 750
Avg Mo Rent/Other: 0
Income
Vacancy Loss: 4811
Other Income: 1735
Adjusted Gross: 157364
Total Expenses: 57917
Gross Scheduled Rent: 160440
Net Opp Income: 99447
Analysis
Gross Rent Multi: 6.32
Vacancy Rate %: 3
Exp/SqFt: 3.63
Exp % of Gross: 36.8
Cap Rate %: 9.99
Expenses
Admin Expenses: 0
Capital Expenses: 0
Contract Services: 0
Figures Presented: Proforma
Gas/Electric: 0
Insurance: 7700
Maintenance Supplies: 5360
Management: 0
Resident Manager: 7500
Taxes/Assessments: 16244
Water/Sewer: 9130
Other Expenses: 11983
Sewer
Connected: 1
Water
Public: 1
Main Heating
Forced Air: 1
Natural Gas: 1
Terms
Cash: 1
Security
None: 1
Sold Info
Seller Concessions: 0
Property Disclosures
Unknown: 1
Miscellaneous
Master Water Meter: Yes
Package Available: Yes
Remarks Misc
Geo Lat: 32.25464
Geo Lon: -110.915542
Property Features
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Security: None
Terms: Cash
Property Disclosures: Unknown
Listing Office: Hartmann Commercial Real Estate LLC
Last Updated: December - 08 - 2024
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