$1,250,200
Tucson, AZ 85712
MLS# 9801555
Status: Closed
65544 sqft
1 / 1
Property Description
* + 122060500 ** Of L7 & Less Sts Bl4. Turn This Property Around Needs Tlc Great Location 48 - 1 Br, 700 Sf, 24 - 2 Br, 1 Ba 900 Sf ($395/Mo) 8 - 2br 2 Ba (1,000 Sf) 2 Pools $17,187/Unit $20.98/Sf 4 X Gross 9.6% Cap Rate, New Roofs '92 & '93. Owner Carry 2nd @ 10% 30 Yr. Amort Negotiate Balloon.
Details
Maps
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: $1,250,200
Sold Price: $1,250,200
Listing Date: 1998-01-21
Status: Closed
Status Change Info
Off Market Date: 1998-07-09
Pending Date: 1998-03-19
Sold Date: 1998-07-09
Sold Price: $1,250,200
Sold Price/SqFt: 19.07
How Sold: Cash Owner Carryback
General Property Information
Lot Dimensions: 300 X 270
Combined SqFt: 65544
Year Built: 1963
List Price/SqFt: 20.98
Remarks Misc
Geo Lat: 32.243928
Geo Lon: -110.899887
Showing Information
Directions: E - Of Columbus On Pima
Unit Info
# of Units/1 BR: 48
Avg Mo Rent/1 BR: 320
# of Units/2 BR: 32
Avg Mo Rent/2 BR: 409
Analysis
Cap Rate %: 7.86
Gross Rent Multi: 4.7
Vacancy Rate %: 15
Exp/SqFt: 2.81
Exp % of Gross: 63.04
Income
Gross Scheduled Rent: 344160
Vacancy Loss: 51624
Adjusted Gross: 292536
Total Expenses: 184437
Net Opp Income: 108099
Expenses
Admin Expenses: 1500
Capital Expenses: 20000
Contract Services: 10350
Gas/Electric: 29300
Insurance: 5502
Maintenance Supplies: 44000
Management: 14688
Resident Manager: 19740
Taxes/Assessments: 16557
Water/Sewer: 22800
Figures Presented: Actual
Interior Features
Interior Steps: Yes
Sold Info
Selling Comments: $1,015,000 Cash To S
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Package Available: Yes
Property Features
Construction: Concrete Block
Main Cooling: Central Air
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Security: None
Terms: Cash; Owner Carry
Property Disclosures: Unknown
Sold Info: Financing
Listing Office: Long Realty
Last Updated: October - 26 - 2024
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