$1,500,000
Tucson, AZ 85710
MLS# 20718284
Status: Closed
30000 sqft
1 / 2
Property Description
New Price reduction of $450,000. 10 individual condo units (one split into 2 for a total of 11 rentable units) and common area being offered together in one sale. spacious homes ranging in size from 2,600 sf to 3,400 sf, up to 5 bedrooms, garage parking, courtyard and pool. Great Eastside location. Unique investment opportunity to collect rent income while you renovate other units for sale. Great assumable financing. Owner/Agent
Details
Maps
Address Information
Street #: 720
Direction: N
Street Name: Kolb
Suffix: Road
State/Province: AZ
Zip Code: 85710
County: Pima
Country: USA
Location Tax Legal
Tax Code: 133-23-1700
Area: East
Subdivision: Regal Manor Condominiums Units 1-10
Contract Information
Current Price: $1,500,000
Sold Price: $1,500,000
Listing Date: 2007-05-11
Status: Closed
Status Change Info
Off Market Date: 2008-03-14
Pending Date: 2008-01-14
Sold Date: 2008-03-14
Sold Price: $1,500,000
Sold Price/SqFt: 50
Lot Sz Sold Prc/SqFt: 36.17
How Sold: Exchange
General Property Information
Lot Dimensions: Irregular
Lot Acres: 0.95
Lot Sqft: 41463
Lot Size Source: Other
Combined SqFt: 30000
Year Built: 1981
List Price/SqFt: 50
Lot Size Price/SqFt: 36.17
Remarks Misc
Geo Lat: 32.229671
Geo Lon: -110.840614
Showing Information
Directions: Kolb Road between Broadway and Speedway, East side of the road.
Unit Info
# of Units/Studios: 1
Avg Mo Rent/Studios: 450
# of Units/1 BR: 1
Avg Mo Rent/1 BR: 800
# of Units/3 BR: 4
Avg Mo Rent/3 BR: 1250
# of Units/Other: 5
Avg Mo Rent/Other: 1300
Analysis
Cap Rate %: 7.25
Gross Rent Multi: 9.8
Exp/SqFt: 1.47
Exp % of Gross: 28.95
Income
Gross Scheduled Rent: 153000
Adjusted Gross: 153000
Total Expenses: 44304
Net Opp Income: 108696
Expenses
Contract Services: 8328
Gas/Electric: 6856
Insurance: 8500
Maintenance Supplies: 1000
Taxes/Assessments: 13820
Water/Sewer: 4800
Other Expenses: 1000
Interior Features
Interior Steps: Yes
Sold Info
Selling Comments: Exchange property fo
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Package Available: Yes
Property Features
Construction: Frame - Stucco
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Heat Pump
Sewer: Connected
Water: Public
Security: Prewired
Terms: Cash; Conventional; Owner Carry; Submit
Property Disclosures: Military Airport Vct; Unknown
Sold Info: Financing
Listing Office: Terrion Realty, LLC
Last Updated: October - 26 - 2024
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