$1,400,000
Tucson, AZ 85713
MLS# 2509483
Status: Closed
15365 sqft
1 / 6
Property Description
Parcel #s 118-18-1800, 118-18-1880, 118-18-1930, 118-181940. Motel - 32 rooms with kitchenettes. Mobile Home Park - 25 Spaces.
Details
Maps
Documents
Address Information
Street #: 1749
Direction: S
Street Name: 6th
Suffix: Avenue
State/Province: AZ
Zip Code: 85713
County: Pima
Country: USA
Location Tax Legal
Tax Code: 118-18-1800
Area: South
Subdivision: Chattmans Add
Contract Information
Current Price: $1,400,000
Sold Price: $1,400,000
Listing Date: 2005-03-30
Status: Closed
Status Change Info
Off Market Date: 2005-10-31
Pending Date: 2005-10-01
Sold Date: 2005-10-31
Sold Price: $1,400,000
Sold Price/SqFt: 91.11
Lot Sz Sold Prc/SqFt: 18.29
How Sold: Cash
Showing Information
Directions: South on 6th Avenue from 22nd Street.
General Property Information
Lot Dimensions: 180x200x150x130x300x330x30x85
Lot Acres: 1.76
Lot Sqft: 76518
Lot Size Source: Assessor
Combined SqFt: 15365
Year Built: 1939
List Price/SqFt: 106.74
Lot Size Price/SqFt: 21.43
Remarks Misc
Geo Lat: 32.201348
Geo Lon: -110.967251
Unit Info
# of Units/1 BR: 15
Avg Mo Rent/1 BR: 870
# of Units/2 BR: 13
Avg Mo Rent/2 BR: 1080
# of Units/3 BR: 4
Avg Mo Rent/3 BR: 1230
# of Units/Other: 25
Avg Mo Rent/Other: 160
Analysis
Cap Rate %: 11.59
Gross Rent Multi: 4.8
Vacancy Rate %: 20
Exp/SqFt: 9.82
Exp % of Gross: 44.24
Income
Gross Scheduled Rent: 370000
Vacancy Loss: 74000
Other Income: 45000
Adjusted Gross: 341000
Total Expenses: 150888
Net Opp Income: 190112
Expenses
Admin Expenses: 62000
Gas/Electric: 10389
Insurance: 5641
Maintenance Supplies: 30965
Taxes/Assessments: 12261
Water/Sewer: 11794
Other Expenses: 17838
Interior Features
Interior Steps: Yes
Sold Info
Down Payment: 15000
Miscellaneous
Master Elec Meter: Yes
Master Gas Meter: Yes
Master Water Meter: Yes
Package Available: Yes
Property Features
Construction: Masonry Stucco
Interior Features: Furnished
Main Cooling: Evaporative Cooling; Wall Unit(s); Zoned
Main Heating: Wall Furnace
Sewer: Connected
Water: Public
Security: None
Property Disclosures: Lead Based Paint
Sold Info: Financing
Lead Paint Discl 
Listing Office: MH&K Realty
Last Updated: October - 26 - 2024
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