$1,850,000
Tucson, AZ 85719
MLS# 21409516
Status: Closed
32673 sqft
1 / 3
Property Description
47 UNITS ON THE CAMPBELL CORRIDOR LESS THAN A MILE FROM THE U OF A MEDICAL CAMPUS UNIT MIX 12 1 BEDROOM 1 BATH, 489 SF UNITS 34 2 BEDROOM 1 BATH, 730 SF UNITS THIS PROPERTY HAS NEW ROOFS, NEW PAINT., 100% OCCUPANCY AND THERE IS GREAT UPSIDE POTENTIAL IN THE RENTS
Details
Maps
Address Information
Street #: 2333
Direction: E
Street Name: Glenn
State/Province: AZ
Zip Code: 85719
County: Pima
Country: USA
Location Tax Legal
Tax Code: 112-05-2790
Area: Central
Subdivision: Shaheen Estates
Contract Information
Current Price: $1,850,000
Sold Price: $1,850,000
Listing Date: 2014-04-01
Status: Closed
Distressed Info: None
Status Change Info
Off Market Date: 2014-04-17
Pending Date: 2014-05-20
Sold Date: 2014-06-30
Sold Price: $1,850,000
Sold Price/SqFt: 56.62
Lot Sz Sold Prc/SqFt: 39.7
How Sold: Conventional
Showing Information
Directions: S on Campbell E on Glenn to address
General Property Information
Lot Dimensions: 160' x 290'
Lot Acres: 1.06
Lot Sqft: 46600
Lot Size Source: Assessor
Combined SqFt: 32673
Year Built: 1963
List Price/SqFt: 60.45
Lot Size Price/SqFt: 42.38
Remarks Misc
Geo Lat: 32.258118
Geo Lon: -110.936633
Unit Info
# of Units/1 BR: 12
Avg Mo Rent/1 BR: 439
# of Units/2 BR: 34
Avg Mo Rent/2 BR: 533
Analysis
Cap Rate %: 8.07
Gross Rent Multi: 6.86
Vacancy Rate %: 6.14
Exp/SqFt: 3.69
Exp % of Gross: 44.65
Income
Gross Scheduled Rent: 280680
Vacancy Loss: 17223
Other Income: 6374
Adjusted Gross: 269831
Total Expenses: 120480
Net Opp Income: 149351
Expenses
Contract Services: 16190
Gas/Electric: 6837
Insurance: 8438
Maintenance Supplies: 21586
Management: 16190
Taxes/Assessments: 21347
Water/Sewer: 18392
Other Expenses: 11500
Figures Presented: Proforma
Interior Features
Interior Steps: No
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Package Available: Yes
Property Features
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Security: None
Terms: Cash; Conventional
Property Disclosures: Flood Plain
Listing Office: Long Realty Company
Last Updated: December - 08 - 2024
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