$1,085,000
Tucson, AZ 85710
MLS# 22319334
Status: Closed
6344 sqft
1 / 20
Property Description
Rare garden apartment complex, with lush courtyard, ideally located on the east-side of Tucson, on Camino Seco near Speedway. Amenities include carports, private fenced yards, individual storage rooms for all 2 bedroom units, and community laundry. There are very few small apartment complexes in this desirable area of Tucson and very little vacant land to build new apartments. A short walk to highly acclaimed Sahuaro High School. When a vacancy occurs, these units often pre-lease, prior to the existing Tenant vacating. Excellent access to Tucson's Amazon Distribution Center, Davis Monthan AFB, shopping & restaurants. One Owner is licensed Real Estate Broker in Arizona. Contact Listing Agent for OM.
Details
Maps
Address Information
Street #: 916-922
Direction: N
Street Name: Camino Seco
State/Province: AZ
Zip Code: 85710
County: Pima
Country: USA
Location Tax Legal
Tax Code: 133-35-025P
Area: East
Contract Information
Current Price: $1,085,000
Sold Price: $1,085,000
Listing Date: 2023-09-08
Status: Closed
Method of Title: Fee (Simple)
Short Sale: No
Status Change Info
Off Market Date: 2023-11-02
Pending Date: 2023-12-07
Sold Date: 2023-12-14
Sold Price: $1,085,000
Sold Price/SqFt: 171.03
Lot Sz Sold Prc/SqFt: 42.58
Financing: Conventional
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 10
Total Parking: 10
Multi-Tenant: Yes
Year Built: 1976
Lot Dimensions: 25,483 Sq. ft
Lot Acres: 0.58
Lot Sqft: 25483
Lot Size Source: Assessor
Combined SqFt: 6344
Source of SqFt: Assessor
List Price/SqFt: 181.27
Lot Size Price/SqFt: 45.13
Remarks Misc
Geo Lat: 32.232689
Geo Lon: -110.806213
Showing Information
Directions: Speedway/Camino Seco S-to frontage Rd on eastside of Camino Seco. Sign reads Alps View Apartments. Carports are in front and lush courtyard and apartments are not visible from street.
Income
Gross Scheduled Rent: 133440
Vacancy Loss: 5338
Other Income: 10539
Adjusted Gross: 138641
Net Opp Income: 86980
Analysis
Cap Rate %: 7
Gross Rent Multi: 7.83
Vacancy Rate %: 4
Exp % of Gross: 37.3
Expenses
Admin Expenses: 500
Figures Presented: Proforma
Gas/Electric: 5436
Insurance: 2907
Maintenance Supplies: 3950
Management: 13000
Taxes/Assessments: 5539
Water/Sewer: 5555
Other Expenses: 14774
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/1 BR: 4
Avg Mo Rent/1 BR: 856
# of Units/2 BR: 6
Avg Mo Rent/2 BR: 1168
Electric
Electric Company: TEP
Security
Other: Lights
Parking
# Covered Parking: 6
Submit With Offer
Seller Title Company: Stewart Title
Sold Info
Est. Closing Date: 2023-12-14
Property Features
Property Features: Storage
Construction: Other
Roof: Foam
Fenced Storage: No
Main Cooling: Ceiling Fan(s); Central Air; Evaporative Cooling
Main Heating: Forced Air; Gas Pac
Water Heater: Electric
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Fence: Wood
Landscape - Front: Decorative Gravel; Desert Plantings; Natural Desert
Landscape - Rear: Decorative Gravel; Grass; Shrubs; Trees
Road Type: Paved
Parking: Paved Parking
Lot Features: Adjacent to Alley; North/South Exposure
Business Location: Free Standing Bldg
Traffic Count: Unknown
Terms: Cash; Conventional
Possession: Immediate
Submit With Offer: Digital Signature Accepted; Earnest Check
Property Disclosures: Inventory List; Lead Based Paint; Leases; Military Airport Vct; Seller Prop Disclosure
Special Conditions: None
Listing Office: Tierra Antigua Realty
Last Updated: December - 23 - 2024
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