$2,050,000
Tucson, AZ 85712
MLS# 2303130
Status: Closed
65544 sqft
1 / 1
Property Description
Great units in central Tucson location. 48- 1BR/1BA 677 sq.ft.; 24- 2BR/1BA 839 sq. ft.; 8-2BR/2BA 940 sq.ft. Tenants are sub-metered for gas & separately metered for electricity. Property is carrying both on site & off site management. Owners proforma is fairly accurate for future projections. Actual numbers will show a lot of capital expenses.
Details
Maps
Documents
Address Information
Street #: 4399
Direction: E
Street Name: Pima
Suffix: Street
State/Province: AZ
Zip Code: 85712
County: Pima
Country: USA
Location Tax Legal
Tax Code: 122-06-0490
Area: Central
Subdivision: Sierra Vista
Contract Information
Current Price: $2,050,000
Sold Price: $2,050,000
Listing Date: 2003-01-31
Status: Closed
Status Change Info
Off Market Date: 2003-11-30
Pending Date: 2003-08-27
Sold Date: 2003-11-30
Sold Price: $2,050,000
Sold Price/SqFt: 31.27
Lot Sz Sold Prc/SqFt: 253.02
How Sold: Conventional
Showing Information
Directions: Columbus, East on Pima to address - Desert Garden Apartments
General Property Information
Lot Dimensions: 300 X 270
Lot Acres: 0.19
Lot Sqft: 8102
Lot Size Source: Other
Combined SqFt: 65544
Year Built: 1963
List Price/SqFt: 33.57
Lot Size Price/SqFt: 271.53
Remarks Misc
Geo Lat: 32.243928
Geo Lon: -110.899887
Unit Info
# of Units/1 BR: 48
Avg Mo Rent/1 BR: 350
# of Units/2 BR: 24
Avg Mo Rent/2 BR: 450
# of Units/Other: 8
Avg Mo Rent/Other: 495
Analysis
Cap Rate %: 6.85
Gross Rent Multi: 6.64
Vacancy Rate %: 14.65
Exp/SqFt: 2.74
Exp % of Gross: 54.45
Income
Gross Scheduled Rent: 387720
Vacancy Loss: 56808
Adjusted Gross: 330912
Total Expenses: 180197
Net Opp Income: 150715
Expenses
Capital Expenses: 25000
Gas/Electric: 8858
Insurance: 11620
Maintenance Supplies: 62614
Management: 13500
Resident Manager: 13422
Taxes/Assessments: 14441
Water/Sewer: 20742
Other Expenses: 10000
Interior Features
Interior Steps: Yes
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Package Available: No
Property Features
Construction: Concrete Block
Main Cooling: Central Air
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Security: None
Terms: Cash; Conventional; Owner Carry
Property Disclosures: Lead Based Paint; Military Airport Vct
Sold Info: Financing
Lead Paint Discl 
Listing Office: Berkshire Hathaway Homeservices Premier Properties
Last Updated: October - 25 - 2024
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