$1,550,000
Tucson, AZ 85714
MLS# 22126413
Status: Closed
8850 sqft
1 / 35
Property Description
22 units near i10 just minutes from downtown, close to the airport, shopping, dining and entertainment. Solid masonry constructed units ready to cash flow for a new owner. Additional parking income from neighboring dispensary and historic signage income from the city of Tucson. Priced to sell, this listing will not last! 132-19-0060 PC 125'X300' ON NE SIDE OF BENSON HWY BEG 690.78' SE FROM E LINE OF CAMPBELL AVE .70 AC -32-14-14 132-19-0070 SE125' OF NW940.78' OF SW300' OF THAT PT OF SW4 LYG NE OF BENSON HWY & E OF CAMPBELL AVE LESS WIDENED RD .70 AC SEC 32-14-14
Details
Maps
Address Information
Street #: 2015 &2027
Direction: E
Street Name: Benson
Suffix: Highway
State/Province: AZ
Zip Code: 85714
County: Pima
Country: USA
Location Tax Legal
Tax Code: 132-19-0060
Area: South
Contract Information
Current Price: $1,550,000
Sold Price: $1,550,000
Listing Date: 2021-10-12
Status: Closed
Method of Title: Fee (Simple)
Short Sale: No
Status Change Info
Off Market Date: 2021-12-29
Pending Date: 2022-02-24
Sold Date: 2022-03-04
Sold Price: $1,550,000
Sold Price/SqFt: 175.14
Lot Sz Sold Prc/SqFt: 24.88
Financing: Conventional
Showing Information
Directions: From Kino, east on Benson Hwy to The Owl Lodge
General Property Information
Property Sub-Type: Apartment
# Units: 22
Total Parking: 35
Multi-Tenant: Yes
Year Built: 1948
Lot Dimensions: irregular
Lot Acres: 1.43
Lot Sqft: 62291
Lot Size Source: Assessor
Combined SqFt: 8850
Source of SqFt: Assessor
List Price/SqFt: 175.14
Lot Size Price/SqFt: 24.88
Remarks Misc
Geo Lat: 32.167527
Geo Lon: -110.941079
Income
Gross Scheduled Rent: 158400
Vacancy Loss: 7920
Other Income: 37200
Adjusted Gross: 187680
Net Opp Income: 111921
Analysis
Cap Rate %: 9
Gross Rent Multi: 8.26
Vacancy Rate %: 5
Expenses
Admin Expenses: 9600
Figures Presented: Proforma
Gas/Electric: 30000
Management: 9500
Taxes/Assessments: 5362
Water/Sewer: 12000
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/Studios: 21
Avg Mo Rent/Studios: 600
# of Units/1 BR: 1
Avg Mo Rent/1 BR: 700
Electric
Electric Company: TEP
Property Features
Construction: Concrete Block
Roof: Tile
Sewer: Connected
Water: Public
Accessibility Option: Level
Landscape - Front: Low Care
Landscape - Rear: Low Care
Road Type: Paved
Parking: Free; Private Parking
Terms: Cash; Conventional; Owner Carry
Submit With Offer: Digital Signature Accepted; Proof of Funds
Property Disclosures: Lead Based Paint; Unknown
Special Conditions: None
Listing Office: Realty Executives Arizona Territory
Last Updated: December - 15 - 2024
Warning: Undefined array key "CompensationDisclaimer" in /srv/users/ems/apps/ems-website/public/wp-content/plugins/flexmls-idx/pages/listing-details.php on line 711
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.