$975,000
Tucson, AZ 85712
MLS# 22019405
Status: Closed
7280 sqft
1 / 16
Property Description
Classic double red brick garden style apartments. Pride of ownership is evident in this well maintained 14 unit complex. 12- one bedrooms and 2- two bedrooms. Current Rents are well below market, Majority of tenants are month to month. Paved parking, upgraded exterior electrical panels. Close Proximity to TMC. Property benefited from Government program to abate all lead in the property, Seller can provide documentation. Plenty of upside with this property. Seller will only consider owner carry back offers, inquire listing agent for terms and and questions.
Details
Documents
Address Information
Street #: 1634
Direction: N
Street Name: Beverly
Suffix: Avenue
State/Province: AZ
Zip Code: 85712
County: Pima
Country: USA
Location Tax Legal
Tax Code: 121-12-399F
Area: Central
Contract Information
Current Price: $975,000
Sold Price: $975,000
Listing Date: 2020-08-07
Status: Closed
Method of Title: Fee (Simple)
Short Sale: No
Status Change Info
Off Market Date: 2020-10-28
Pending Date: 2020-12-03
Sold Date: 2020-12-30
Sold Price: $975,000
Sold Price/SqFt: 133.93
Lot Sz Sold Prc/SqFt: 40.63
Financing: Cash Owner Carryback
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 14
Total Parking: 14
Multi-Tenant: Yes
Year Built: 1959
Lot Dimensions: 100*240
Lot Acres: 0.55
Lot Sqft: 24000
Lot Size Source: Assessor
Combined SqFt: 7280
Source of SqFt: Assessor
List Price/SqFt: 164.84
Lot Size Price/SqFt: 50
Remarks Misc
Geo Lat: 32.242661
Geo Lon: -110.87934
Showing Information
Directions: Pima & Craycroft, West to Beverly, South to Address
Income
Gross Scheduled Rent: 111600
Analysis
Cap Rate %: 6.87
Vacancy Rate %: 2
Expenses
Figures Presented: Proforma
Insurance: 3976
Maintenance Supplies: 7000
Taxes/Assessments: 5548
Water/Sewer: 8100
Other Expenses: 2400
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/1 BR: 12
Avg Mo Rent/1 BR: 625
# of Units/2 BR: 2
Avg Mo Rent/2 BR: 800
Electric
Electric Company: tep
Sold Info
Down Payment: 235000
Seller Paid Repairs: 5000
Property Features
Construction: Brick
Roof: Built-Up - Reflect
Fenced Storage: No
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Wall Furnace
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Security: None
Fence: None
Landscape - Front: None
Landscape - Rear: None
Road Type: Paved
Parking: Paved Parking
Lot Features: North/South Exposure; Subdivided
Terms: Owner Carry
Property Disclosures: Lead Based Paint; Military Airport Vct; Seller Prop Disclosure; Unknown
Special Conditions: None
Restrictions: Deed
LBPD 
Listing Office: Harvey Mordka Realty
Last Updated: December - 13 - 2024
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