$835,000
Tucson, AZ 85716
MLS# 20830766
Status: Closed
381 sqft
1 / 1
Property Description
Do not disturb tenant/Call listing agent for showing/additional info. 16 park owned units, 16 space only rentals, and 18,000 sf of extra land not used by MHP with development potential. On-site laundry. Master metered gas/electric/water. NOI is pro forma. Seller will carry financing with a minimum 20% downpayment at market interest rate. Submit all offers. On-site manager lives rent free. Must escrow with Paula Trimmer, Title Security.
Details
Documents
Address Information
Street #: 3730
Direction: E
Street Name: Lee
Suffix: Street
State/Province: AZ
Zip Code: 85716
County: Pima
Country: USA
Location Tax Legal
Tax Code: 122-18-114A
Area: Central
Subdivision: Speedway Park Addition
Contract Information
Current Price: $835,000
Sold Price: $835,000
Listing Date: 2008-09-10
Status: Closed
Status Change Info
Off Market Date: 2009-04-01
Pending Date: 2009-03-31
Sold Date: 2009-04-01
Sold Price: $835,000
Sold Price/SqFt: 2191.6
Lot Sz Sold Prc/SqFt: 7.75
How Sold: Cash Owner Carryback
General Property Information
Lot Dimensions: 240 x 450
Lot Acres: 2.47
Lot Sqft: 107610
Lot Size Source: Assessor
Combined SqFt: 381
Year Built: 1950
List Price/SqFt: 3149.61
Lot Size Price/SqFt: 11.15
Remarks Misc
Geo Lat: 32.240991
Geo Lon: -110.912683
Showing Information
Directions: Alvernon north from Speedway, west on Lee Street to address
Unit Info
# of Units/1 BR: 9
Avg Mo Rent/1 BR: 463
# of Units/2 BR: 7
Avg Mo Rent/2 BR: 578
# of Units/Other: 16
Avg Mo Rent/Other: 214
Analysis
Cap Rate %: 6.79
Gross Rent Multi: 6.98
Vacancy Rate %: 5
Exp/SqFt: 236.56
Exp % of Gross: 52.49
Income
Gross Scheduled Rent: 139740
Vacancy Loss: 6987
Other Income: 38950
Adjusted Gross: 171703
Total Expenses: 90130
Net Opp Income: 81573
Expenses
Admin Expenses: 2500
Capital Expenses: 1600
Contract Services: 631
Gas/Electric: 28909
Insurance: 4348
Maintenance Supplies: 20000
Management: 10620
Resident Manager: 3000
Taxes/Assessments: 7431
Water/Sewer: 8591
Other Expenses: 2500
Interior Features
Interior Steps: No
Sold Info
Down Payment: 200000
Est. Closing Date: 2009-04-01
Miscellaneous
Master Elec Meter: Yes
Master Gas Meter: Yes
Master Water Meter: Yes
Package Available: Yes
Property Features
Construction: Brick
Main Heating: None
Sewer: Connected
Water: Public
Security: None
Terms: Cash; Owner Carry; Submit
Property Disclosures: Lead Based Paint; Unknown
Sold Info: Financing
Lead Paint Discl 
Listing Office: DBC Real Estate Group, LLC
Last Updated: November - 27 - 2024
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