$2,375,000
Tucson, AZ 85711
MLS# 2532656
Status: Closed
45211 sqft
1 / 3
Property Description
Great unit mix and very high occupancy located in central Tucson close to University of Arizona and shopping. Security gated, laundry facilities, two pools and air conditioned. Extra 37,998 of R3land adjoins property and is included in the price. Could be developed for many uses enhancing the overall value of the property. Excellent opportunity! Complete financials available to qualified parties. Please do not disturb Manager or Tenants!!!
Details
Documents
Address Information
Street #: 811
Direction: N
Street Name: Alvernon
Suffix: Way
Apt/Unit #: 835
State/Province: AZ
Zip Code: 85711
County: Pima
Country: USA
Location Tax Legal
Tax Code: 125-11-191C
Area: Central
Subdivision: Speedway View Addition
Contract Information
Current Price: $2,375,000
Sold Price: $2,375,000
Listing Date: 2005-11-04
Status: Closed
Status Change Info
Off Market Date: 2006-04-20
Pending Date: 2006-02-08
Sold Date: 2006-04-20
Sold Price: $2,375,000
Sold Price/SqFt: 52.53
Lot Sz Sold Prc/SqFt: 22.42
How Sold: Conventional
Showing Information
Directions: Broadway/Alvernon North to Address
General Property Information
Lot Dimensions: 240x378x300x126x60x315
Lot Acres: 2.43
Lot Sqft: 105918
Lot Size Source: Assessor
Combined SqFt: 45211
Year Built: 1958
List Price/SqFt: 55.3
Lot Size Price/SqFt: 23.6
Unit Info
# of Units/Studios: 5
Avg Mo Rent/Studios: 395
# of Units/1 BR: 32
Avg Mo Rent/1 BR: 500
# of Units/2 BR: 20
Avg Mo Rent/2 BR: 637
# of Units/3 BR: 4
Avg Mo Rent/3 BR: 725
Analysis
Cap Rate %: 7.94
Gross Rent Multi: 6.19
Vacancy Rate %: 5
Exp/SqFt: 4.53
Exp % of Gross: 50.82
Income
Gross Scheduled Rent: 412860
Vacancy Loss: 20643
Other Income: 11465
Adjusted Gross: 403682
Total Expenses: 205160
Net Opp Income: 198522
Expenses
Admin Expenses: 1500
Capital Expenses: 6300
Contract Services: 25600
Gas/Electric: 68162
Insurance: 4900
Maintenance Supplies: 12600
Management: 20643
Resident Manager: 28500
Taxes/Assessments: 20273
Water/Sewer: 15482
Other Expenses: 1200
Interior Features
Interior Steps: No
Miscellaneous
Master Elec Meter: No
Master Gas Meter: Yes
Master Water Meter: Yes
Package Available: Yes
Property Features
Construction: Slump Block
Sewer: Connected
Water: Public
Neighborhood Features: Gated Community
Terms: Cash; Exchange; Submit
Property Disclosures: Unknown
Sold Info: Financing
Lead Paint Discl 
Listing Office: Arizona First Properties, LLC
Last Updated: October - 26 - 2024
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