$1,150,000
Tucson, AZ 85716
MLS# 2430872
Status: Closed
14592 sqft
1 / 11
Property Description
TERRIFIC CENTRAL LOCATION-CLOSE TO U OF A & BUS LINES-CASITA-LIKE COMPLEX-18- 2 BEDROOMS UNITS 4-1 BEDROOM UNITS, LOTS OF PARKING- NICE CURB APPEAL. INCLUDES EMPTY LOT (CAN BUILD ON IT) EXPENSES ARE ACTUAL.
Details
Documents
Address Information
Street #: 2114
Direction: N
Street Name: Forgeus
Suffix: Avenue
State/Province: AZ
Zip Code: 85716
County: Pima
Country: USA
Location Tax Legal
Tax Code: 123-02-1140
Area: Central
Subdivision: New Deal Acres
Contract Information
Current Price: $1,150,000
Sold Price: $1,150,000
Listing Date: 2004-12-12
Status: Closed
Status Change Info
Off Market Date: 2005-07-29
Pending Date: 2005-04-14
Sold Date: 2005-07-29
Sold Price: $1,150,000
Sold Price/SqFt: 78.81
Lot Sz Sold Prc/SqFt: 16.7
How Sold: Conventional
General Property Information
Lot Dimensions: 230X300
Lot Acres: 1.58
Lot Sqft: 68825
Lot Size Source: Assessor
Combined SqFt: 14592
Year Built: 1948
List Price/SqFt: 85.66
Lot Size Price/SqFt: 18.16
Remarks Misc
Geo Lat: 32.247424
Geo Lon: -110.932659
Showing Information
Directions: FROM TUCSON & GRANT, EAST TO FORGEUS, SOUTH TO ADDRESS.
Unit Info
# of Units/1 BR: 4
Avg Mo Rent/1 BR: 440
# of Units/2 BR: 18
Avg Mo Rent/2 BR: 525
Analysis
Cap Rate %: 7.61
Gross Rent Multi: 9.4
Vacancy Rate %: 4.98
Exp/SqFt: 2.58
Exp % of Gross: 28.38
Income
Gross Scheduled Rent: 133500
Vacancy Loss: 6650
Other Income: 6027
Adjusted Gross: 132877
Total Expenses: 37722
Net Opp Income: 95155
Expenses
Admin Expenses: 248
Gas/Electric: 5980
Insurance: 6932
Maintenance Supplies: 7838
Taxes/Assessments: 8156
Water/Sewer: 3984
Other Expenses: 4584
Interior Features
Interior Steps: Yes
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Package Available: Yes
Property Features
Construction: Brick
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Wall Furnace
Sewer: Connected
Water: Public
Security: None
Terms: Conventional
Property Disclosures: Military Airport Vct
Sold Info: Financing
Lead Paint Discl 
Listing Office: Rich Realty, Inc.
Last Updated: October - 26 - 2024
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