$1,110,000
Unknown, AZ 85718
MLS# 9409194
Status: Closed
44600 sqft
Property Description
This Complex Has Had Extensive Renovation, & Now Operates At 95% Occup The Income & Expenses Are Projected At The Current Rental Rates,The Expenses Protect A 3.5% Increase Over 1993.The Owner Will Carry At 9.25% Term & Amort Are Negotiable.
Details
Maps
Address Information
Street #: 2230
Direction: E
Street Name: Ft Lowell
State/Province: AZ
Zip Code: 85718
County: Unknown
Country: USA
Location Tax Legal
Tax Code: 112050016
Area: Central
Subdivision: Campbell Ave. Acres
Contract Information
Current Price: $1,110,000
Sold Price: $1,110,000
Listing Date: 1994-07-10
Status: Closed
Status Change Info
Off Market Date: 1995-01-26
Pending Date: 1994-09-13
Sold Date: 1995-01-26
Sold Price: $1,110,000
Sold Price/SqFt: 24.88
How Sold: Cash Owner Carryback
General Property Information
Combined SqFt: 44600
Year Built: 1971
List Price/SqFt: 26.79
Remarks Misc
Geo Lat: 32.264406
Geo Lon: -110.938046
Showing Information
Directions: Ft Lowell To Address
Unit Info
# of Units/1 BR: 10
Avg Mo Rent/1 BR: 405
# of Units/2 BR: 48
Avg Mo Rent/2 BR: 485
Analysis
Cap Rate %: 12.57
Gross Rent Multi: 3.87
Vacancy Rate %: 8
Exp/SqFt: 3.54
Exp % of Gross: 51.29
Income
Gross Scheduled Rent: 327960
Vacancy Loss: 26236
Other Income: 6800
Adjusted Gross: 308524
Total Expenses: 158250
Net Opp Income: 150274
Expenses
Admin Expenses: 741
Capital Expenses: 5205
Contract Services: 3500
Gas/Electric: 79104
Insurance: 3500
Maintenance Supplies: 16700
Resident Manager: 20200
Taxes/Assessments: 15500
Water/Sewer: 13800
Figures Presented: Actual
Interior Features
Interior Steps: No
Miscellaneous
Master Elec Meter: Yes
Master Gas Meter: No
Master Water Meter: No
Package Available: Yes
Property Features
Construction: Masonry Stucco
Main Cooling: Central Air
Sewer: Connected
Water: Public
Terms: Cash; Conventional; Exchange; Owner Carry
Sold Info: Financing
Listing Office: Coldwell Banker Realty
Last Updated: October - 26 - 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.