$1,300,000
Tucson, AZ 85705
MLS# 2608503
Status: Closed
18199 sqft
1 / 2
Property Description
Great Fixer-Upper Apartments encompassing 48 units, 3 bed-room house, and Retail Store on 1.1 + acres near UofA and downtown Tucson. Huge Upside Potential!!!
Details
Maps
Documents
Address Information
Street #: 1742
Direction: N
Street Name: Oracle
Suffix: Road
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA
Location Tax Legal
Tax Code: 115-07-0750
Area: Central
Subdivision: Bronx Park Addition
Contract Information
Current Price: $1,300,000
Sold Price: $1,300,000
Listing Date: 2006-03-01
Status: Closed
Status Change Info
Off Market Date: 2006-04-28
Pending Date: 2006-03-14
Sold Date: 2006-04-28
Sold Price: $1,300,000
Sold Price/SqFt: 71.43
Lot Sz Sold Prc/SqFt: 26.74
How Sold: Other
Showing Information
Directions: Speedway/Oracle N on Oracle to address
General Property Information
Lot Dimensions: 150X324
Lot Acres: 1.12
Lot Sqft: 48600
Lot Size Source: Assessor
Combined SqFt: 18199
Year Built: 1956
List Price/SqFt: 87.92
Lot Size Price/SqFt: 32.92
Remarks Misc
Geo Lat: 32.243232
Geo Lon: -110.97753
Unit Info
# of Units/1 BR: 37
Avg Mo Rent/1 BR: 520
# of Units/2 BR: 11
Avg Mo Rent/2 BR: 560
# of Units/3 BR: 1
Avg Mo Rent/3 BR: 1000
# of Units/Other: 1
Avg Mo Rent/Other: 1000
Analysis
Cap Rate %: 9.83
Gross Rent Multi: 5.35
Vacancy Rate %: 10
Exp/SqFt: 7.78
Exp % of Gross: 47.37
Income
Gross Scheduled Rent: 328800
Vacancy Loss: 32880
Other Income: 3000
Adjusted Gross: 298920
Total Expenses: 141601
Net Opp Income: 157319
Expenses
Admin Expenses: 1500
Capital Expenses: 20000
Contract Services: 2500
Gas/Electric: 34000
Insurance: 8500
Maintenance Supplies: 20000
Management: 21000
Taxes/Assessments: 23751
Other Expenses: 10350
Interior Features
Interior Steps: No
Miscellaneous
Master Elec Meter: Yes
Master Gas Meter: Yes
Master Water Meter: Yes
Package Available: No
Property Features
Construction: Concrete Block
Interior Features: Furnished
Main Cooling: Wall Unit(s)
Main Heating: Wall Furnace
Sewer: Connected
Water: Public
Neighborhood Features: Gated Community
Terms: Conventional; Owner Carry
Property Disclosures: Unknown
Sold Info: Financing
Lead Paint Discl 
Listing Office: S.J. Fowler/GMAC Real Estate
Last Updated: October - 26 - 2024
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