$1,400,000
Tucson, AZ 85713
MLS# 2513570
Status: Closed
15365 sqft
1 / 6
Property Description
Parcel #s 118-18-1800, 118-18-1880, 118-18-1930, 118-18-1940. Motel - 32 rooms most with kitchenettes, Gross Rents Monthly $30,800. Mobile Home Park - 25 Spaces, Monthly Rents $4,200
Details
Maps
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
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
Financing: Cash
Showing Information
Directions: South on 6th Ave from 22nd Street.
General Property Information
Property Sub-Type: Other
# Units: 32
Year Built: 1939
Lot Dimensions: 180x200x150x130x300x330x30x85
Lot Acres: 1.76
Lot Sqft: 76518
Lot Size Source: Assessor
Combined SqFt: 15365
Source of SqFt: Assessor
List Price/SqFt: 106.74
Lot Size Price/SqFt: 21.43
Remarks Misc
Geo Lat: 32.201348
Geo Lon: -110.967251
Income
Gross Scheduled Rent: 370000
Vacancy Loss: 74000
Other Income: 45000
Adjusted Gross: 341000
Total Expenses: 167484
Net Opp Income: 173516
Analysis
Cap Rate %: 10.58
Gross Rent Multi: 4.8
Vacancy Rate %: 20
Exp/SqFt: 10.9
Exp % of Gross: 49.11
Expenses
Admin Expenses: 62000
Figures Presented: Actual
Gas/Electric: 26985
Insurance: 5641
Maintenance Supplies: 30965
Taxes/Assessments: 12261
Water/Sewer: 11794
Other Expenses: 17838
Property Features
A.D.A. Compliant: Yes
Phase 1 Report: No
Electric
3 Phase Power: No
Master Meter: Yes
Sold Info
Down Payment: 15000
Est. Closing Date: 2005-10-31
Property Features
Construction: Masonry Stucco
Main Cooling: Evaporative Cooling; Wall Unit(s); Zoned
Main Heating: Wall Furnace
Sewer: Connected
Water: Public
Terms: Cash
Property Disclosures: Lead Based Paint
Listing Office: MH&K Realty
Last Updated: October - 25 - 2024
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