$1,350,000
Tucson, AZ 85719
MLS# 20741905
Status: Closed
14197 sqft
1 / 2
Property Description
Super Income Opportunity! 26 spacious 1-BD units in 7 single-story bldgs. 100% Occupied! Strong rental history. Low unit density (14 Units/Acre). Superb curb appeal. Each unit approx. 540s.f. equipped with screened evap. cooling, built-in dresser, refrig., cable hookup, kitchen pantry and rare private patio. Select units are equipped with ceiling fans. Albertson's, Ace, Casa Molina, Sauce, Beyond Bread, Pastiche, Chicago Pizza, & Rubios nearby.
Details
Documents
Address Information
Street #: 2850
Direction: N
Street Name: Park
Suffix: Avenue
State/Province: AZ
Zip Code: 85719
County: Pima
Country: USA
Location Tax Legal
Tax Code: 113-08-0540
Area: Central
Subdivision: Catalina Poultry Acres NO 1
Contract Information
Current Price: $1,350,000
Sold Price: $1,350,000
Listing Date: 2007-10-15
Status: Closed
Status Change Info
Off Market Date: 2008-02-06
Pending Date: 2007-10-26
Sold Date: 2008-02-06
Sold Price: $1,350,000
Sold Price/SqFt: 95.09
Lot Sz Sold Prc/SqFt: 16.88
How Sold: Cash
General Property Information
Lot Dimensions: 314.80 X 254.00
Lot Acres: 1.84
Lot Sqft: 79976
Lot Size Source: Assessor
Combined SqFt: 14197
Year Built: 1983
List Price/SqFt: 98.26
Lot Size Price/SqFt: 17.44
Remarks Misc
Geo Lat: 32.259155
Geo Lon: -110.956253
Showing Information
Directions: Park and Glenn, 1 Block N to address.
Unit Info
# of Units/1 BR: 26
Avg Mo Rent/1 BR: 455
Analysis
Cap Rate %: 6.65
Gross Rent Multi: 10.34
Vacancy Rate %: 5
Exp/SqFt: 2.96
Exp % of Gross: 31.18
Income
Gross Scheduled Rent: 141960
Vacancy Loss: 7098
Adjusted Gross: 134862
Total Expenses: 42060
Net Opp Income: 92802
Expenses
Contract Services: 4096
Gas/Electric: 1366
Insurance: 2404
Maintenance Supplies: 6763
Management: 9440
Taxes/Assessments: 7341
Water/Sewer: 3500
Other Expenses: 7150
Interior Features
Interior Steps: No
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Package Available: Yes
Property Features
Construction: Frame - Stucco
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Baseboard
Sewer: Connected
Water: Public
Security: None
Terms: Cash; Conventional; Owner Carry; Submit
Property Disclosures: Lead Based Paint; Unknown
Sold Info: Financing
Lead Paint Discl 
Listing Office: Buette DeRousseCommercial R.E.
Last Updated: October - 26 - 2024
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