$2,000,000
Tucson, AZ 85719
MLS# 21507510
Status: Closed
20104 sqft
1 / 10
Property Description
University Manor's 58 units serve the University of Arizona student housing market. 5 blocks from the University. All units refurbished. No differed maintenance. Property has extensive parking, high speed internet and sparkling pool. On site laundry facilities & leasing office.
Details
Maps
Documents
Address Information
Street #: 742
Direction: E
Street Name: Lee
Suffix: Street
State/Province: AZ
Zip Code: 85719
County: Pima
Country: USA
Location Tax Legal
Tax Code: 123-15-101A
Area: Central
Subdivision: University Home Addition
Contract Information
Current Price: $2,000,000
Sold Price: $2,000,000
Listing Date: 2015-03-10
Status: Closed
Distressed Info: None
Status Change Info
Off Market Date: 2015-05-13
Pending Date: 2015-06-19
Sold Date: 2015-07-31
Sold Price: $2,000,000
Sold Price/SqFt: 99.48
Lot Sz Sold Prc/SqFt: 30.97
How Sold: Conventional
General Property Information
Lot Dimensions: Irregular
Lot Acres: 1.48
Lot Sqft: 64585
Lot Size Source: Assessor
Combined SqFt: 20104
Year Built: 1978
List Price/SqFt: 109.43
Lot Size Price/SqFt: 34.06
Remarks Misc
Geo Lat: 32.241264
Geo Lon: -110.960245
Showing Information
Directions: North on Euclid from Speedway West on Lee to address
Unit Info
# of Units/Studios: 56
Avg Mo Rent/Studios: 454
# of Units/1 BR: 2
Avg Mo Rent/1 BR: 650
Analysis
Cap Rate %: 7.69
Gross Rent Multi: 6.41
Vacancy Rate %: 10
Exp/SqFt: 7.88
Exp % of Gross: 50.73
Income
Gross Scheduled Rent: 317436
Vacancy Loss: 31744
Other Income: 26380
Adjusted Gross: 312072
Total Expenses: 158323
Net Opp Income: 153749
Expenses
Admin Expenses: 2399
Contract Services: 2135
Insurance: 9000
Maintenance Supplies: 21985
Management: 13827
Resident Manager: 42126
Taxes/Assessments: 20402
Water/Sewer: 46449
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
Construction: Slump Block
Main Cooling: Wall Unit(s)
Main Heating: Electric; Forced Air
Sewer: Connected
Water: Public
Security: None
Terms: Cash; Conventional
Property Disclosures: Unknown
Flyer 
Listing Office: Long Realty Company
Last Updated: December - 08 - 2024
Warning: Undefined array key "CompensationDisclaimer" in /srv/users/ems/apps/ems-website/public/wp-content/plugins/flexmls-idx/pages/listing-details.php on line 711
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.