$1,100,000
Tucson, AZ 85705
MLS# 2627387
Status: Closed
20824 sqft
1 / 3
Property Description
Large 2 story bldg. with 2 long term tenants w/street frontage on Stone & Fifth St. also full ally access. Located on new improved Stone Ave. Convenient to downtown. 4 rear parcels w/3 bldgs. Great potential growth area w/all the downtown redevelopment.
Details
Address Information
Street #: 601
Direction: N
Street Name: Stone
Suffix: Avenue
Apt/Unit #: 2
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA
Location Tax Legal
Tax Code: 117-04-141A
Area: Central
Contract Information
Current Price: $1,100,000
Sold Price: $1,100,000
Listing Date: 2006-07-10
Status: Closed
Status Change Info
Off Market Date: 2007-03-27
Pending Date: 2007-02-28
Sold Date: 2007-03-27
Sold Price: $1,100,000
Sold Price/SqFt: 52.82
Lot Sz Sold Prc/SqFt: 23.6
Financing: Conventional
General Property Information
Property Sub-Type: Retail
# Units: 2
Year Built: 1968
Lot Dimensions: 252x185x252x185
Lot Acres: 1.07
Lot Sqft: 46609
Lot Size Source: Assessor
Combined SqFt: 20824
Source of SqFt: Assessor
List Price/SqFt: 67.23
Lot Size Price/SqFt: 30.03
Remarks Misc
Geo Lat: 32.229295
Geo Lon: -110.972181
Showing Information
Directions: Broadway & Stone N-Stone to 601, Corner of Fifth Street.Rear bldg. fronts on Ninth & Fifth.
Income
Gross Scheduled Rent: 125400
Adjusted Gross: 125400
Total Expenses: 26800
Net Opp Income: 98600
Analysis
Cap Rate %: 7.04
Gross Rent Multi: 11.16
Exp/SqFt: 1.28
Exp % of Gross: 21.37
Expenses
Figures Presented: Actual
Insurance: 12300
Taxes/Assessments: 14500
Property Features
A.D.A. Compliant: No
Phase 1 Report: No
Electric
3 Phase Power: Yes
Amps: 440
Master Meter: No
Property Features
Main Cooling: Central Air
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Terms: Cash; Conventional
Property Disclosures: Unknown
Listing Office: RE/MAX All Executives
Last Updated: December - 19 - 2024
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