$1,200,000
Tucson, AZ 85705
MLS# 21040529
Status: Closed
2988 sqft
1 / 1
Property Description
One owner, carefully maintained, operated and managed for 25 years. Located in the heart of the city,mid-way between downtown and Tucson Mall, with easy access to all employment centers and shopping, and frequent bus service.
Details
Address Information
Street #: 41
Direction: W
Street Name: Delano
Suffix: Street
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA
Location Tax Legal
Tax Code: 107-11-177A
Area: Central
Subdivision: Coronado Heights
Contract Information
Current Price: $1,200,000
Sold Price: $1,200,000
Listing Date: 2010-12-06
Status: Closed
Distressed Info: None
Status Change Info
Off Market Date: 2011-07-16
Pending Date: 2011-08-08
Sold Date: 2011-08-09
Sold Price: $1,200,000
Sold Price/SqFt: 401.61
Lot Sz Sold Prc/SqFt: 22.58
How Sold: Cash Owner Carryback
General Property Information
Lot Dimensions: 210.23 X 240
Lot Acres: 1.22
Lot Sqft: 53143
Lot Size Source: Assessor
Combined SqFt: 2988
Year Built: 1958
List Price/SqFt: 421.69
Lot Size Price/SqFt: 23.71
Remarks Misc
Geo Lat: 32.262613
Geo Lon: -110.972702
Showing Information
Directions: Stone/Ft Lowell--S 1 block to Delano, then W to 41 and 51 W Delano. Circular drive thru property.
Unit Info
# of Units/Studios: 8
Avg Mo Rent/Studios: 333.38
# of Units/1 BR: 8
Avg Mo Rent/1 BR: 450
# of Units/2 BR: 8
Avg Mo Rent/2 BR: 608.38
# of Units/Other: 5
Avg Mo Rent/Other: 597
Analysis
Cap Rate %: 8.13
Gross Rent Multi: 7.95
Vacancy Rate %: 8.14
Exp/SqFt: 18.76
Exp % of Gross: 35.36
Income
Gross Scheduled Rent: 169428
Vacancy Loss: 13785
Other Income: 2880
Adjusted Gross: 158523
Total Expenses: 56054
Net Opp Income: 102469
Expenses
Admin Expenses: 4704
Capital Expenses: 5800
Gas/Electric: 13416
Insurance: 5127
Maintenance Supplies: 8614
Management: 7840
Taxes/Assessments: 9208
Other Expenses: 1345
Figures Presented: Actual
Interior Features
Interior Steps: No
Sold Info
Down Payment: 240000
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Property Features
Sewer: Connected
Water: Public
Security: None
Terms: Cash; Conventional; Owner Carry; Submit
Property Disclosures: Unknown
Listing Office: Keller Williams Southern Arizona
Last Updated: December - 06 - 2024
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