$1,505,000
Tucson, AZ 85719
MLS# 2430596
Status: Closed
26626 sqft
1 / 9
Property Description
MOUNTAIN VIEW APTS:BLDS 1337,1339&1341. VERY ATTRACTIVE APARTMENT COMPLEX LOCATED IN IDEAL AREA FOR UA & BUS LINES. COMPLEX IS SURROUNDED BY NICE QUIET SFR'S NEIGHBORHOODS AND HAS AN OPEN SPACIOUS LANDSCAPED CENTRAL COURTYARD WITH PLAYGROUND AND POOL AREA. MANY OF THE UNITS HAVE BEEN UPDATED. STUDIO IS CURRENTLY BEING USED AS AN OFFICE AND COULD BE RENTED TO GENERATE AN ADDITIONAL $5,000 PER YEAR. 5%ON-SITE MGMT FEE ADDED TO EXPENSE.OWNER MANAGED
Details
Maps
Documents
Address Information
Street #: 1337
Direction: E
Street Name: Allen
Suffix: Road
State/Province: AZ
Zip Code: 85719
County: Pima
Country: USA
Location Tax Legal
Tax Code: 113-01-055B
Area: Central
Subdivision: Other/Unknown
Contract Information
Current Price: $1,505,000
Sold Price: $1,505,000
Listing Date: 2004-12-10
Status: Closed
Status Change Info
Off Market Date: 2005-05-16
Pending Date: 2005-03-30
Sold Date: 2005-05-16
Sold Price: $1,505,000
Sold Price/SqFt: 56.52
Lot Sz Sold Prc/SqFt: 16.49
How Sold: Cash to Loan
Showing Information
Directions: CAMPBELL & PRINCE NORTH TO ALLEN RD-WEST TO MOUNTAIN and Mountain View Apts...[NOTE:SEE MLS#2430608 AND 2430599 FOR MULTIPLE OFFERS]
General Property Information
Lot Dimensions: unknown
Lot Acres: 2.1
Lot Sqft: 91266
Lot Size Source: Assessor
Combined SqFt: 26626
Year Built: 1973
List Price/SqFt: 60.62
Lot Size Price/SqFt: 17.68
Remarks Misc
Geo Lat: 32.276881
Geo Lon: -110.951579
Unit Info
# of Units/Studios: 1
# of Units/2 BR: 33
Avg Mo Rent/2 BR: 510
Analysis
Cap Rate %: 7.84
Gross Rent Multi: 8.28
Vacancy Rate %: 5
Exp/SqFt: 2.56
Exp % of Gross: 35
Income
Gross Scheduled Rent: 201960
Vacancy Loss: 10098
Other Income: 3000
Adjusted Gross: 194862
Total Expenses: 68202
Net Opp Income: 126660
Expenses
Contract Services: 2000
Gas/Electric: 9500
Insurance: 7800
Maintenance Supplies: 9744
Resident Manager: 9743
Taxes/Assessments: 10665
Water/Sewer: 6435
Other Expenses: 12315
Interior Features
Interior Steps: No
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Package Available: Yes
Property Features
Construction: Frame - Stucco
Main Cooling: Central Air
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Security: None
Terms: Conventional
Property Disclosures: Unknown
Sold Info: Financing
Lead Paint Discl 
Listing Office: Long Realty
Last Updated: October - 26 - 2024
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