$1,320,000
Tucson, AZ 85711
MLS# 2423051
Status: Closed
24779 sqft
1 / 11
Property Description
Single level masonary complex.Fully fenced.Pool and coin op laundry.Excellent entry level property.Operated under leases but could be set up for weekly retals for higher cash flow.Financials include 10% mgt w/10% vacancy.Proforma is sellers 2004/2005 fiscal budget.Priced just above $30k per unit. 12 new stoves wk. of 9/17/2004. Seller just had all iron fencing repaired and replaced 10 in wall A/C units 8/24/2004. Pool recently reconditioned.
Details
Maps
Documents
Address Information
Street #: 5540
Direction: E
Street Name: 26th
Suffix: Street
State/Province: AZ
Zip Code: 85711
County: Pima
Country: USA
Location Tax Legal
Tax Code: 131-09-2140
Area: Central
Subdivision: Craycroft
Contract Information
Current Price: $1,320,000
Sold Price: $1,320,000
Listing Date: 2004-09-03
Status: Closed
Status Change Info
Off Market Date: 2005-03-25
Pending Date: 2005-02-17
Sold Date: 2005-03-25
Sold Price: $1,320,000
Sold Price/SqFt: 53.27
Lot Sz Sold Prc/SqFt: 66
How Sold: Other
General Property Information
Lot Dimensions: 200x100
Lot Acres: 0.46
Lot Sqft: 20000
Lot Size Source: Owner
Combined SqFt: 24779
Year Built: 1963
List Price/SqFt: 58.52
Lot Size Price/SqFt: 72.5
Remarks Misc
Geo Lat: 32.202058
Geo Lon: -110.87381
Showing Information
Directions: 22nd & Craycroft south to 26th east to address.
Unit Info
# of Units/Studios: 24
Avg Mo Rent/Studios: 310
# of Units/1 BR: 24
Avg Mo Rent/1 BR: 350
# of Units/2 BR: 4
Avg Mo Rent/2 BR: 550
# of Units/3 BR: 1
Avg Mo Rent/3 BR: 700
Analysis
Cap Rate %: 10.84
Gross Rent Multi: 6.89
Vacancy Rate %: 10
Exp/SqFt: 2.14
Exp % of Gross: 25.25
Income
Gross Scheduled Rent: 224880
Vacancy Loss: 22488
Other Income: 8000
Adjusted Gross: 210392
Total Expenses: 53143
Net Opp Income: 157249
Expenses
Contract Services: 1595
Gas/Electric: 3000
Insurance: 3950
Maintenance Supplies: 6550
Management: 20239
Resident Manager: 1200
Taxes/Assessments: 9746
Water/Sewer: 5363
Other Expenses: 1500
Interior Features
Interior Steps: No
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Package Available: Yes
Property Features
Construction: Slump Block
Main Cooling: Central Air; Evaporative Cooling
Sewer: Connected
Water: Public
Security: Window Bars
Neighborhood Features: Gated Community
Terms: Conventional
Property Disclosures: Lead Based Paint; Military Airport Vct
Sold Info: Financing
Lead Paint Discl 
Listing Office: Long Realty Company
Last Updated: October - 26 - 2024
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