$975,000
Tucson, AZ 85719
MLS# 21224120
Status: Closed
8613 sqft
1 / 9
Property Description
Gorgeously remodeled 15 unit BRICK apartment complex, 3blks from the UofA! Seven 2bd/1bth units and eight 1bd/1bth units. Easy to prelease on 12 month leases. Always rented! New Parking lot, Central AC/Heating units, tile, paint, ceiling fans, circuit breakers and electrical upgrade to 100Amp, etc in 2008. Several units have private backyards. Roof coated in 2011. Three blocks to campus and two blocks to the Rec center. Great Student Rental Property. Owner licensed to sell real estate in Arizona.
Details
Address Information
Street #: 1211
Direction: E
Street Name: 9Th
Suffix: Street
Apt/Unit #: 1-15
State/Province: AZ
Zip Code: 85719
County: Pima
Country: USA
Location Tax Legal
Tax Code: 124-06-0970
Area: Central
Subdivision: Buells Add
Contract Information
Current Price: $975,000
Sold Price: $975,000
Listing Date: 2012-10-02
Status: Closed
Distressed Info: None
Status Change Info
Off Market Date: 2012-10-12
Pending Date: 2012-10-30
Sold Date: 2012-11-30
Sold Price: $975,000
Sold Price/SqFt: 113.2
Lot Sz Sold Prc/SqFt: 27.08
How Sold: Cash
General Property Information
Lot Dimensions: 225 x 160.25'
Lot Acres: 0.83
Lot Sqft: 36000
Lot Size Source: Assessor
Combined SqFt: 8613
Year Built: 1953
List Price/SqFt: 136.42
Lot Size Price/SqFt: 32.64
Remarks Misc
Geo Lat: 32.224167
Geo Lon: -110.952747
Showing Information
Directions: From Campbell and Speedway. South on Campbell to 9th Street. West to Property located on Northside of rd between Mountain and Santa Rita Streets.
Unit Info
# of Units/1 BR: 8
Avg Mo Rent/1 BR: 650
# of Units/2 BR: 7
Avg Mo Rent/2 BR: 850
Analysis
Cap Rate %: 7.96
Gross Rent Multi: 8.82
Vacancy Rate %: 1
Exp/SqFt: 4.61
Exp % of Gross: 29.79
Income
Gross Scheduled Rent: 133800
Vacancy Loss: 1338
Other Income: 723
Adjusted Gross: 133185
Total Expenses: 39679
Net Opp Income: 93506
Expenses
Admin Expenses: 386
Contract Services: 554
Gas/Electric: 1305
Insurance: 5357
Maintenance Supplies: 11220
Management: 6066
Taxes/Assessments: 9331
Water/Sewer: 4744
Other Expenses: 716
Figures Presented: Actual
Interior Features
Interior Steps: No
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Package Available: Yes
Property Features
Construction: Brick
Main Cooling: Central Air
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Security: Window Bars
Terms: Cash; Conventional
Property Disclosures: Flood Plain
Listing Office: Tucson Integrity Realty, LLC
Last Updated: December - 07 - 2024
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