$1,350,000
Tucson, AZ 85712
MLS# 21928730
Status: Closed
8375 sqft
1 / 7
Property Description
Unique ability to initiate an Opportunity Zone purchase and development on a property that will provide immediate and ongoing cash flow. Currently a 20 unit complex with 5 separate buildings spread over 2 acres of land with the ability with the ability to add 10 more units.
Details
Documents
Address Information
Street #: 4253
Direction: E
Street Name: Flower
Suffix: Street
State/Province: AZ
Zip Code: 85712
County: Pima
Country: USA
Location Tax Legal
Tax Code: 110-07-1590
Area: Central
Contract Information
Current Price: $1,350,000
Sold Price: $1,350,000
Listing Date: 2019-11-06
Status: Closed
Method of Title: Fee (Simple)
Short Sale: No
Status Change Info
Off Market Date: 2020-04-01
Pending Date: 2020-05-15
Sold Date: 2020-05-15
Sold Price: $1,350,000
Sold Price/SqFt: 161.19
Lot Sz Sold Prc/SqFt: 17.89
Financing: Conventional
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 20
Total Parking: 40
Multi-Tenant: Yes
Year Built: 1959
Lot Dimensions: 75,459.00F
Lot Acres: 1.76
Lot Sqft: 75459
Lot Size Source: Assessor
Combined SqFt: 8375
Source of SqFt: Assessor
List Price/SqFt: 161.19
Lot Size Price/SqFt: 17.89
Remarks Misc
Geo Lat: 32.255346
Geo Lon: -110.902104
Showing Information
Directions: From Grant Road to Columbus Blvd. N to Flower street W to address. Property on North side of street.
Income
Gross Scheduled Rent: 109748
Other Income: 5302
Net Opp Income: 97800
Expenses
Admin Expenses: 1648
Figures Presented: Actual
Gas/Electric: 6082
Maintenance Supplies: 2938
Taxes/Assessments: 7085
Water/Sewer: 7993
Apartment Unit Information
# of Units/1 BR: 20
Avg Mo Rent/1 BR: 468
Electric
Electric Company: TEP
Property Features
Property Features: Smoke Detector
Construction: Brick
Roof: Built-Up
Main Cooling: Wall Unit(s)
Main Heating: Other
Water Heater: Electric; Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Fence: Chain Link
Landscape - Front: Natural Desert
Landscape - Rear: Low Care; Trees
Road Type: Dirt; Gravel
Parking: Private Parking
Terms: Submit
Property Disclosures: Lead Based Paint
Lead based paint 
Listing Office: Equilibrium Realty
Last Updated: December - 12 - 2024
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