$1,100,000
Tucson, AZ 85710
MLS# 2223015
Status: Closed
20064 sqft
1 / 3
Property Description
Prime quiet eastside apt complex. Well maintained with excellent occupancy rates. Individually metered for heating and cooling.Property sits 300' back from Broadway and is just east of DM Credit Union. New financing required.One owner licensed. Do not disturb on-site mgr. Make offer subject to inspection.
Details
Address Information
Street #: 8477
Direction: E
Street Name: Broadway
State/Province: AZ
Zip Code: 85710
County: Pima
Country: USA
Location Tax Legal
Tax Code: 133-29-011R
Area: East
Subdivision: Unsubdivided
Contract Information
Current Price: $1,100,000
Sold Price: $1,100,000
Listing Date: 2002-09-25
Status: Closed
Status Change Info
Off Market Date: 2004-02-11
Pending Date: 2003-01-07
Sold Date: 2004-02-11
Sold Price: $1,100,000
Sold Price/SqFt: 54.82
Lot Sz Sold Prc/SqFt: 18.96
How Sold: Conventional
General Property Information
Lot Dimensions: 290 x 200
Lot Acres: 1.33
Lot Sqft: 58000
Combined SqFt: 20064
Year Built: 1981
List Price/SqFt: 59.56
Lot Size Price/SqFt: 20.6
Showing Information
Directions: East on Broadway from Pantano, past Sarnoff to 8477 - on north side of Broadway
Unit Info
# of Units/1 BR: 48
Avg Mo Rent/1 BR: 304
# of Units/2 BR: 1
Avg Mo Rent/2 BR: 450
Analysis
Cap Rate %: 8.89
Gross Rent Multi: 7.09
Vacancy Rate %: 8
Exp/SqFt: 3.1
Exp % of Gross: 36.86
Income
Gross Scheduled Rent: 180504
Vacancy Loss: 14440
Other Income: 2400
Adjusted Gross: 168464
Total Expenses: 62110
Net Opp Income: 106354
Expenses
Gas/Electric: 6355
Insurance: 2260
Maintenance Supplies: 19600
Resident Manager: 13800
Taxes/Assessments: 12159
Water/Sewer: 4736
Other Expenses: 3200
Interior Features
Interior Steps: No
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Package Available: Yes
Property Features
Construction: Frame - Stucco
Main Cooling: Wall Unit(s)
Main Heating: Wall Furnace
Sewer: Connected
Water: Public
Security: None
Terms: Cash; Conventional
Property Disclosures: Unknown
Sold Info: Financing
Listing Office: REALCO
Last Updated: October - 25 - 2024
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