$2,750,000
Tucson, AZ 85705
MLS# 2611287
Status: Closed
28170 sqft
1 / 1
Property Description
Very well maintained apartment located between UofA & Pima College near downtown. Occupancy above 95% for 2005 and 100% today, individually metered except water & hot water.
Details
Documents
Address Information
Street #: 1240
Direction: N
Street Name: 7th
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA
Location Tax Legal
Tax Code: 115-05-0890
Area: Central
Subdivision: Highland Park Addition
Contract Information
Current Price: $2,750,000
Sold Price: $2,750,000
Listing Date: 2006-03-20
Status: Closed
Status Change Info
Off Market Date: 2006-06-01
Pending Date: 2006-03-31
Sold Date: 2006-06-01
Sold Price: $2,750,000
Sold Price/SqFt: 97.62
Lot Sz Sold Prc/SqFt: 35.07
How Sold: Conventional
Showing Information
Directions: Speedway and Stone east to 7th North to address
General Property Information
Lot Dimensions: 425 x 185
Lot Acres: 1.8
Lot Sqft: 78408
Lot Size Source: Assessor
Combined SqFt: 28170
Year Built: 1955
List Price/SqFt: 102.95
Lot Size Price/SqFt: 36.98
Unit Info
# of Units/Studios: 65
Avg Mo Rent/Studios: 370
# of Units/1 BR: 4
Avg Mo Rent/1 BR: 450
# of Units/2 BR: 3
Avg Mo Rent/2 BR: 540
Analysis
Cap Rate %: 6.59
Gross Rent Multi: 8.58
Vacancy Rate %: 5
Exp/SqFt: 5.19
Exp % of Gross: 43.34
Income
Gross Scheduled Rent: 329640
Vacancy Loss: 16482
Other Income: 24689
Adjusted Gross: 337847
Total Expenses: 146455
Net Opp Income: 191392
Expenses
Gas/Electric: 8922
Insurance: 1617
Maintenance Supplies: 72109
Management: 16892
Resident Manager: 16892
Taxes/Assessments: 16046
Water/Sewer: 13977
Interior Features
Interior Steps: No
Miscellaneous
Master Elec Meter: No
Master Gas Meter: Yes
Master Water Meter: Yes
Package Available: Yes
Property Features
Construction: Brick
Main Cooling: Wall Unit(s)
Main Heating: Electric; Zoned
Sewer: Connected
Water: Public
Security: None
Terms: Conventional
Property Disclosures: Unknown
Sold Info: Financing
Lead Paint Discl 
Listing Office: Long Realty Company
Last Updated: October - 26 - 2024
Warning: Undefined array key "CompensationDisclaimer" in /srv/users/ems/apps/ems-website/public/wp-content/plugins/flexmls-idx/pages/listing-details.php on line 711
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.