$1,315,000
Tucson, AZ 85706
MLS# 22229380
Status: Closed
9174 sqft
1 / 16
Property Description
Tucson has low vacancies, high rent growth, and high population growth with many industries moving jobs to the area. Two story 3 four plexes - total of 12 units. This listing includes also 4959 S Park Ave APN 140180380 and 4961 S Park Ave APN 140180370. All units have been remodeled with laminate counter tops and white kitchen cabinets. Recently painted exterior. Recently installed security cameras. Private off street parking. Low to no vacancies.
Details
Address Information
Street #: 4957
Direction: S
Street Name: Park
Suffix: Avenue
State/Province: AZ
Zip Code: 85706
County: Pima
Country: USA
Location Tax Legal
Tax Code: 140-18-0390
Area: South
Contract Information
Current Price: $1,315,000
Sold Price: $1,315,000
Listing Date: 2022-11-18
Status: Closed
Method of Title: Fee (Simple)
Short Sale: No
Status Change Info
Off Market Date: 2023-02-21
Pending Date: 2023-02-21
Sold Date: 2023-03-15
Sold Price: $1,315,000
Sold Price/SqFt: 143.34
Lot Sz Sold Prc/SqFt: 51.44
Financing: Cash
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 12
Multi-Tenant: Yes
Year Built: 1985
Lot Dimensions: 130 x 67
Lot Acres: 0.58
Lot Sqft: 25566
Lot Size Source: Owner
Combined SqFt: 9174
Source of SqFt: Owner
List Price/SqFt: 158.06
Lot Size Price/SqFt: 56.72
Remarks Misc
Geo Lat: 32.161797
Geo Lon: -110.955808
Showing Information
Directions: From Park Ave and Irvington Rd, S on Park Ave to four plexes on E side of street
Income
Gross Scheduled Rent: 128952
Vacancy Loss: 5
Adjusted Gross: 128947
Net Opp Income: 85204.24
Analysis
Gross Rent Multi: 10.2
Expenses
Insurance: 2296
Maintenance Supplies: 10785
Management: 10316.16
Taxes/Assessments: 3303
Other Expenses: 10600
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/2 BR: 12
Avg Mo Rent/2 BR: 895.5
Electric
Electric Company: Tucson
Property Features
Property Features: Smoke Detector
Construction: Stucco Finish
Roof: Built-Up
Main Cooling: Central Air
Main Heating: Electric
Water Heater: Electric
Sewer: Connected
Water: Public
Security: Closed Circuit Camera(s)
Fence: None
Landscape - Front: Decorative Gravel
Landscape - Rear: Decorative Gravel
Road Type: Paved
Parking: Private Parking
Lot Features: East/West Exposure
Business Location: Free Standing Bldg
Terms: Cash; Owner Carry
Possession: Recording
Submit With Offer: Lender Pre-Approval; Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures: Seller Prop Disclosure
Special Conditions: None
Listing Office: RCP Real Estate LLC
Last Updated: December - 20 - 2024
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