$1,025,000
Tucson, AZ 85712
MLS# 21710095
Status: Closed
15428 sqft
1 / 6
Property Description
Coronado Vista Apartments. Great Central Location near Swan & Speedway. Close to transportation, shopping, library. OWNER WILL CARRY! great INVESTMENT OPPURTUNITY! Currently 100% occupied. 12 spacious 2 bedroom units, 8 one bedroom units with large walk in closet. 1 studio with evap cooling. All 20 A/C (heat pump) units have been replaced. off street parking, quiet setting. Laundry facilities.
Details
Address Information
Street #: 4424
Direction: E
Street Name: Bellevue
Suffix: Street
State/Province: AZ
Zip Code: 85712
County: Pima
Country: USA
Location Tax Legal
Tax Code: 122-12-0340
Area: Central
Subdivision: Speedway Addition NO. 1
Contract Information
Current Price: $1,025,000
Sold Price: $1,025,000
Listing Date: 2017-04-12
Status: Closed
Distressed Info: None
Status Change Info
Off Market Date: 2017-04-17
Pending Date: 2017-05-26
Sold Date: 2017-06-30
Sold Price: $1,025,000
Sold Price/SqFt: 66.44
Lot Sz Sold Prc/SqFt: 35.12
How Sold: Cash Owner Carryback
General Property Information
Lot Dimensions: irregular
Lot Acres: 0.67
Lot Sqft: 29185
Lot Size Source: Assessor
Combined SqFt: 15428
Year Built: 1978
List Price/SqFt: 74.54
Lot Size Price/SqFt: 39.4
Remarks Misc
Geo Lat: 32.237536
Geo Lon: -110.898328
Showing Information
Directions: North on Columbus form Speedway, East on Bellevue to address 4424 on right. Coronado Vista Apartments.
Unit Info
# of Units/Studios: 1
Avg Mo Rent/Studios: 365
# of Units/1 BR: 8
Avg Mo Rent/1 BR: 485
# of Units/2 BR: 12
Avg Mo Rent/2 BR: 595
Analysis
Cap Rate %: 7.44
Gross Rent Multi: 8.2
Vacancy Rate %: 10
Exp/SqFt: 3.15
Exp % of Gross: 38.94
Income
Gross Scheduled Rent: 136620
Vacancy Loss: 13662
Other Income: 2000
Adjusted Gross: 124958
Total Expenses: 48654
Net Opp Income: 76304
Expenses
Gas/Electric: 2865
Insurance: 6308
Maintenance Supplies: 8853
Management: 6730
Taxes/Assessments: 10804
Water/Sewer: 7655
Other Expenses: 5439
Figures Presented: Proforma
Miscellaneous
Master Water Meter: Yes
Package Available: Yes
Property Features
Construction: Frame - Stucco
Main Cooling: Central Air; Evaporative Cooling; Heat Pump
Main Heating: Heat Pump
Sewer: Connected
Water: Public
Security: None
Terms: Owner Carry
Property Disclosures: Flood Plain; Military Airport Vct
Listing Office: Long Realty
Last Updated: December - 09 - 2024
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