$485,000
Tucson, AZ 85701
MLS# 21509625
Status: Closed
9032 sqft
1 / 9
Property Description
Lushly landscaped 14 unit complex near Alvernon and Speedway. Most of the units are ground floor garden units with charming private walled-in yards. Building was constructed in two phases 1968 & 1972. 8 units have AC (2 newer units) & 6 units have evaporative cooling. Coin laundry on property + 2 units have in-unit washer/dryers. Rents are actual & expenses are a mix of actual/performa. Large half acre plus lot with ample parking. Great access to the University of Arizona, El Con Mall & Reid Park. Convenient to public transportation, restaurants & shopping.
Details
Maps
Address Information
Country: USA
Street #: 1417
Direction: N
Street Name: Alvernon
Suffix: Way
State/Province: AZ
Zip Code: 85701
County: Pima
Location, Tax & Legal
Tax Year: 2014
Taxes: 7889
Assessments: 4
Legal Description: Speedway Park Lot 3 Blk. 8 Exc. E30'
Township: 14
Community: None
Range: 14
Section: 4
Municipality/Zoning: Tucson - R3
Fire Protection: Included in Taxes
Tax Code: 122-18-139B
Area: Central
Subdivision: Speedway Park
Contract Information
Distressed Info: None
Current Price: $485,000
Sold Price: $485,000
Listing Date: 2015-04-01
Status: Closed
Status Change Info
Off Market Date: 2015-04-02
Sold Price/SqFt: 53.7
Lot Sz Sold Prc/SqFt: 19.53
How Sold: Cash
Pending Date: 2015-05-20
Sold Date: 2015-05-20
Sold Price: $485,000
General Property Information
Lot Dimensions: 120x207.2
Lot Acres: 0.57
Lot Sqft: 24829
Lot Size Source: Assessor
List Price/SqFt: 54.81
Lot Size Price/SqFt: 19.94
Combined SqFt: 9032
Year Built: 1968
Showing Information
Directions: Speedway/Alvernon - N to address
Unit Info
# of Units/Studios: 1
Avg Mo Rent/Studios: 295
# of Units/1 BR: 10
Avg Mo Rent/1 BR: 443
# of Units/2 BR: 3
Avg Mo Rent/2 BR: 495
Avg Mo Rent/3 BR: 0
Avg Mo Rent/Other: 0
Income
Vacancy Loss: 3726
Other Income: 604
Adjusted Gross: 71398
Total Expenses: 30636
Gross Scheduled Rent: 74520
Net Opp Income: 40762
Analysis
Gross Rent Multi: 6.79
Vacancy Rate %: 5
Exp/SqFt: 3.39
Exp % of Gross: 42.91
Cap Rate %: 8.4
Construction
Concrete Block: 1
Expenses
Admin Expenses: 200
Capital Expenses: 0
Contract Services: 0
Figures Presented: Proforma
Gas/Electric: 3374
Insurance: 4302
Maintenance Supplies: 1800
Management: 5289
Resident Manager: 0
Taxes/Assessments: 7889
Water/Sewer: 7782
Other Expenses: 0
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Central Air: 1
Evaporative Cooling: 1
Terms
Cash: 1
Conventional: 1
Security
None: 1
Sold Info
Selling Comments: AS IS Sale
Property Disclosures
Military Airport Vct: 1
Miscellaneous
Master Water Meter: Yes
Package Available: Yes
Remarks Misc
Geo Lat: 32.240707
Geo Lon: -110.910276
Property Features
Construction: Concrete Block
Main Cooling: Central Air; Evaporative Cooling
Sewer: Connected
Water: Public
Security: None
Terms: Cash; Conventional
Property Disclosures: Military Airport Vct
Listing Office: Tierra Antigua Realty
Last Updated: September - 09 - 2026
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