$1,307,000
Tucson, AZ 85713
MLS# 2303370
Status: Closed
27716 sqft
Property Description
Garden Style Apartments. All rents and operating numbers are estimates based on a stabilized proforma. This is a fixup opportunity offered at a low $20,536/unit. Complexes along Ajo have strong occupancy. This could be a sweetheart with some work!
Details
Address Information
Street #: 1240
Direction: W
Street Name: Ajo
Suffix: Way
State/Province: AZ
Zip Code: 85713
County: Pima
Country: USA
Location Tax Legal
Tax Code: 119-18-029F
Area: West
Subdivision: Unsubdivided
Contract Information
Current Price: $1,307,000
Sold Price: $1,307,000
Listing Date: 2003-02-03
Status: Closed
Status Change Info
Off Market Date: 2003-07-08
Pending Date: 2003-05-08
Sold Date: 2003-07-08
Sold Price: $1,307,000
Sold Price/SqFt: 47.15
Lot Sz Sold Prc/SqFt: 16.85
How Sold: Cash
General Property Information
Lot Acres: 1.78
Lot Sqft: 77537
Combined SqFt: 27716
Year Built: 1981
List Price/SqFt: 41.49
Lot Size Price/SqFt: 14.83
Remarks Misc
Geo Lat: 32.178521
Geo Lon: -110.991762
Showing Information
Directions: West of I-19 on Ajo (north side od road)
Unit Info
# of Units/1 BR: 40
Avg Mo Rent/1 BR: 375
# of Units/2 BR: 16
Avg Mo Rent/2 BR: 495
Analysis
Cap Rate %: 10.41
Gross Rent Multi: 4.49
Vacancy Rate %: 8.17
Exp/SqFt: 4.91
Exp % of Gross: 53.24
Income
Gross Scheduled Rent: 269340
Vacancy Loss: 22003
Other Income: 8732
Adjusted Gross: 256069
Total Expenses: 136334
Net Opp Income: 119735
Expenses
Admin Expenses: 4600
Capital Expenses: 14000
Contract Services: 10400
Gas/Electric: 1500
Insurance: 7741
Maintenance Supplies: 40600
Management: 10243
Resident Manager: 16000
Taxes/Assessments: 16250
Water/Sewer: 15000
Interior Features
Interior Steps: No
Sold Info
Selling Comments: Amount contributed b
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Package Available: Yes
Property Features
Construction: Frame - Stucco
Sewer: Connected
Water: Public
Security: None
Terms: Cash; Conventional
Property Disclosures: Unknown
Sold Info: Financing
Listing Office: Schulte Company
Last Updated: October - 25 - 2024
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