$1,145,000
Tucson, AZ 85719
MLS# 21619224
Status: Closed
8613 sqft
Property Description
Gorgeously remodeled 15 unit BRICK apartment complex, 3blks from the UofA! Seven 2bd/1bth units and eight 1bd/1bth units. Easy to prelease on 12 month leases. Always rented! New Parking lot, Central AC/Heating units, tile, paint, ceiling fans, circuit breakers and electrical upgrade to 100Amp. Great Investment!!!
Details
Maps
Address Information
Country: USA
Street #: 1211
Direction: E
Street Name: 9Th
Suffix: Street
State/Province: AZ
Zip Code: 85719
County: Pima
Location, Tax & Legal
Tax Year: 2015
Taxes: 8757.59
Assessments: 0
Legal Description: Buells Lots 1 2 3 4 5 Blk 28
Township: 14
Community: None
Range: 14
Section: 7
Municipality/Zoning: Tucson - R1
Fire Protection: Included in Taxes
Tax Code: 124-06-0970
Area: Central
Subdivision: Buells Add
Contract Information
Distressed Info: None
Current Price: $1,145,000
Sold Price: $1,145,000
Listing Date: 2016-07-12
Status: Closed
Status Change Info
Off Market Date: 2016-07-12
Sold Price/SqFt: 132.94
Lot Sz Sold Prc/SqFt: 31.67
How Sold: Cash
Pending Date: 2016-07-22
Sold Date: 2016-07-29
Sold Price: $1,145,000
General Property Information
Lot Dimensions: 225 X 160.25
Lot Acres: 0.83
Lot Sqft: 36155
Lot Size Source: Assessor
List Price/SqFt: 132.94
Lot Size Price/SqFt: 31.67
Combined SqFt: 8613
Year Built: 1953
Showing Information
Directions: From Campbell and Speedway. South on Campbell to 9th Street. West to Property located on Northside of rd between Mountain and Santa Rita Streets.
Unit Info
Avg Mo Rent/Studios: 0
# of Units/1 BR: 8
Avg Mo Rent/1 BR: 650
# of Units/2 BR: 7
Avg Mo Rent/2 BR: 850
Avg Mo Rent/3 BR: 0
Avg Mo Rent/Other: 0
Income
Vacancy Loss: 1338
Other Income: 723
Adjusted Gross: 133185
Total Expenses: 39679
Gross Scheduled Rent: 133800
Net Opp Income: 93506
Analysis
Gross Rent Multi: 8.6
Vacancy Rate %: 1
Exp/SqFt: 4.61
Exp % of Gross: 29.79
Cap Rate %: 8.17
Construction
Brick: 1
Expenses
Admin Expenses: 386
Capital Expenses: 0
Contract Services: 554
Figures Presented: Actual
Gas/Electric: 1305
Insurance: 5357
Maintenance Supplies: 11220
Management: 6066
Resident Manager: 0
Taxes/Assessments: 9331
Water/Sewer: 4744
Other Expenses: 716
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Central Air: 1
Main Heating
Forced Air: 1
Natural Gas: 1
Terms
Cash: 1
Conventional: 1
Security
Window Bars: 1
Property Disclosures
Flood Plain: 1
Miscellaneous
Master Water Meter: Yes
Remarks Misc
Geo Lat: 32.224168
Geo Lon: -110.952747
Property Features
Construction: Brick
Main Cooling: Central Air
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Security: Window Bars
Terms: Cash; Conventional
Property Disclosures: Flood Plain
Listing Office: Keller Williams Southern Arizona
Last Updated: December - 09 - 2024
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