$1,263,000
Tucson, AZ 85711
MLS# 2320697
Status: Closed
24779 sqft
1 / 2
Property Description
GREAT CASH FLOW POTENTIAL. CLEAN,EASY TO MANAGE UNITS. OWNER COLLECTS MONTHLY WATER BILLS FROM EACH UNIT. OWNER HAS REPLACED POOL PUMP,MOST REFRIDGE W/FROST FREE,STOVES & RECOATED ROOF IN 2002. EXPENSES LOW,CASH FLOW HIGH.
Details
Documents
Address Information
Street #: 5540
Direction: E
Street Name: 26th
Suffix: Street
State/Province: AZ
Zip Code: 85711
County: Pima
Country: USA
Location Tax Legal
Tax Code: 131-09-2140
Area: Central
Subdivision: Craycroft
Contract Information
Current Price: $1,263,000
Sold Price: $1,263,000
Listing Date: 2003-08-27
Status: Closed
Status Change Info
Off Market Date: 2004-06-25
Pending Date: 2004-06-18
Sold Date: 2004-06-25
Sold Price: $1,263,000
Sold Price/SqFt: 50.97
How Sold: Conventional
General Property Information
Lot Dimensions: 00
Lot Size Source: Assessor
Combined SqFt: 24779
Year Built: 1951
List Price/SqFt: 52.46
Remarks Misc
Geo Lat: 32.202058
Geo Lon: -110.87381
Showing Information
Directions: CRAYCROFT,E-26TH ST TO ADDRESS.
Unit Info
# of Units/Studios: 24
Avg Mo Rent/Studios: 310
# of Units/1 BR: 24
Avg Mo Rent/1 BR: 360
# of Units/2 BR: 4
Avg Mo Rent/2 BR: 500
# of Units/3 BR: 1
Avg Mo Rent/3 BR: 700
Analysis
Cap Rate %: 14.67
Gross Rent Multi: 5.93
Vacancy Rate %: 5
Exp/SqFt: 1.13
Exp % of Gross: 12.84
Income
Gross Scheduled Rent: 225360
Vacancy Loss: 11268
Other Income: 4800
Adjusted Gross: 218892
Total Expenses: 28109
Net Opp Income: 190783
Expenses
Gas/Electric: 3000
Insurance: 3800
Maintenance Supplies: 5000
Resident Manager: 1200
Taxes/Assessments: 9746
Water/Sewer: 5363
Interior Features
Interior Steps: No
Miscellaneous
Master Elec Meter: Yes
Master Gas Meter: No
Master Water Meter: Yes
Package Available: No
Property Features
Construction: Slump Block
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Security: None
Terms: Cash; Submit
Property Disclosures: Unknown
Sold Info: Financing
Lead Paint Discl 
Listing Office: Long Realty
Last Updated: October - 25 - 2024
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