$1,575,000
Tucson, AZ 85711
MLS# 22108140
Status: Closed
15808 sqft
1 / 8
Property Description
A must see! Twenty 2 bed/1 bath 790 square foot units fully renovated with a modern look. Renovations did not end at cosmetic. Current owner replaced roof (all new plywood and up) No more swamp coolers here. All new Trane Central HVAC. New electrical panels were also installed. Property has been completely turned around since acquisition; perfect for any investor looking for easy and steady income.
Details
Maps
Documents
Address Information
Street #: 1841
Direction: S
Street Name: Irving
Suffix: Avenue
State/Province: AZ
Zip Code: 85711
County: Pima
Country: USA
Location Tax Legal
Tax Code: 130-17-1840
Area: Central
Contract Information
Current Price: $1,575,000
Sold Price: $1,575,000
Listing Date: 2021-03-29
Status: Closed
Method of Title: Fee (Simple)
Short Sale: No
Status Change Info
Off Market Date: 2021-04-08
Pending Date: 2021-04-08
Sold Date: 2021-04-30
Sold Price: $1,575,000
Sold Price/SqFt: 99.63
Lot Sz Sold Prc/SqFt: 82.18
Financing: Other
Showing Information
Directions: From I-10 head East on 22nd. When you reach Alvernon turn right heading south. From Alvernon you will turn left onto 29th heading East. Approximately a block down the property will be on your left the North side of the street.
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 20
Multi-Tenant: Yes
Year Built: 1964
Lot Dimensions: 117'x112'x60'x159'x152'
Lot Acres: 0.44
Lot Sqft: 19166
Lot Size Source: Assessor
Combined SqFt: 15808
Source of SqFt: Assessor
List Price/SqFt: 106.28
Lot Size Price/SqFt: 87.66
Remarks Misc
Geo Lat: 32.200498
Geo Lon: -110.904668
Income
Gross Scheduled Rent: 13964
Net Opp Income: 9774.8
Analysis
Cap Rate %: 7
Apartment Unit Information
# of Units/2 BR: 20
Space Information
Ceiling Height: 8ft
Electric
Electric Company: TEP
Security
Other: security gates
Property Features
Property Features: Smoke Detector
Construction: Slump Block
Roof: Built-Up
Fenced Storage: No
Main Cooling: Central Air
Main Heating: Electric; Forced Air
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: Level
Security: Security Lights
Fence: Wrought Iron
Landscape - Front: Decorative Gravel; Low Care; Trees
Landscape - Rear: Low Care
Road Type: Paved
Parking: Free; Parking Lights; Private Parking
Lot Features: Adjacent to Alley
Business Location: Free Standing Bldg
Traffic Count: Unknown
Terms: Cash; Conventional
Submit With Offer: Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures: Seller Prop Disclosure
Special Conditions: None
Seller Disclosure 
Listing Office: Realty Executives Arizona Territory
Last Updated: December - 13 - 2024
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