$1,350,000
Tucson, AZ 85705
MLS# 21532748
Status: Closed
2222 sqft
1 / 14
Property Description
The Flamingo Palms MHP is situated on a 2.57 acre lot with 47 mobile home spaces and 4 small houses. The park is centrally located in Tucson close to bus lines and shopping. This is a turn key investment opportunity that offers immediate cash flow. Lots of upside with property values and rents steadily rising in Tucson. Tenants pay for all utilities including water. Please do no disturb tenants.
Details
Address Information
Street #: 1455
Direction: W
Street Name: Prince
Suffix: Road
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA
Location Tax Legal
Tax Code: 106-12-0080
Area: Central
Subdivision: Unsubdivided
Contract Information
Current Price: $1,350,000
Sold Price: $1,350,000
Listing Date: 2015-12-07
Status: Closed
Distressed Info: None
Status Change Info
Off Market Date: 2016-03-02
Pending Date: 2016-04-29
Sold Date: 2016-05-04
Sold Price: $1,350,000
Sold Price/SqFt: 607.56
Lot Sz Sold Prc/SqFt: 12.06
How Sold: Conventional
General Property Information
Lot Dimensions: 230x488 approx.
Lot Acres: 2.57
Lot Sqft: 111949
Lot Size Source: Assessor
Combined SqFt: 2222
Year Built: 1952
List Price/SqFt: 607.56
Lot Size Price/SqFt: 12.06
Remarks Misc
Geo Lat: 32.271383
Geo Lon: -110.997289
Showing Information
Directions: PRINCE/ FLOWING WELLS- WEST TO ADDRESS
Unit Info
# of Units/1 BR: 1
Avg Mo Rent/1 BR: 310
# of Units/2 BR: 2
Avg Mo Rent/2 BR: 550
# of Units/3 BR: 1
Avg Mo Rent/3 BR: 595
# of Units/Other: 47
Avg Mo Rent/Other: 315
Analysis
Cap Rate %: 11.6
Gross Rent Multi: 4.76
Vacancy Rate %: 5.46
Exp/SqFt: 57.07
Exp % of Gross: 44.74
Income
Gross Scheduled Rent: 201600
Vacancy Loss: 11000
Other Income: 92826
Adjusted Gross: 283426
Total Expenses: 126800
Net Opp Income: 156626
Expenses
Capital Expenses: 1400
Gas/Electric: 48285
Insurance: 3877
Maintenance Supplies: 30262
Resident Manager: 5552
Taxes/Assessments: 9768
Water/Sewer: 21627
Other Expenses: 6029
Figures Presented: Actual
Water
Water Company: Flowing Wells
Property Features
Construction: Other
Sewer: Connected
Security: None
Terms: Cash; Conventional; Owner Carry
Property Disclosures: Lead Based Paint; Unknown
Listing Office: Realty Executives Arizona Territory
Last Updated: December - 09 - 2024
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