$1,350,000
Tucson, AZ 85705
MLS# 21532748
Status: Closed
2222 sqft
1 / 14
Property Description
The Flamingo Palms MHP is situated on a 2.57 acre lot with 47 mobile home spaces and 4 small houses. The park is centrally located in Tucson close to bus lines and shopping. This is a turn key investment opportunity that offers immediate cash flow. Lots of upside with property values and rents steadily rising in Tucson. Tenants pay for all utilities including water. Please do no disturb tenants.
Details
Maps
Address Information
Country: USA
Street #: 1455
Direction: W
Street Name: Prince
Suffix: Road
State/Province: AZ
Zip Code: 85705
County: Pima
Location, Tax & Legal
Tax Year: 2015
Taxes: 8124.06
Assessments: 0
Legal Description: W230.48' E809.48' S488' N533' NE4 SE4
2.51 AC FW 2.82 AC SEC 27-13-13
Township: 13
Community: None
Range: 13
Section: 27
Municipality/Zoning: Tucson - C1
Fire Protection: Included in Taxes
Tax Code: 106-12-0080
Area: Central
Subdivision: Unsubdivided
Contract Information
Distressed Info: None
Current Price: $1,350,000
Sold Price: $1,350,000
Listing Date: 2015-12-07
Status: Closed
Status Change Info
Off Market Date: 2016-03-02
Sold Price/SqFt: 607.56
Lot Sz Sold Prc/SqFt: 12.06
How Sold: Conventional
Pending Date: 2016-04-29
Sold Date: 2016-05-04
Sold Price: $1,350,000
General Property Information
Lot Dimensions: 230x488 approx.
Lot Acres: 2.57
Lot Sqft: 111949
Lot Size Source: Assessor
List Price/SqFt: 607.56
Lot Size Price/SqFt: 12.06
Combined SqFt: 2222
Year Built: 1952
Showing Information
Directions: PRINCE/ FLOWING WELLS- WEST TO ADDRESS
Unit Info
Avg Mo Rent/Studios: 0
# of Units/1 BR: 1
Avg Mo Rent/1 BR: 310
# of Units/2 BR: 2
Avg Mo Rent/2 BR: 550
# of Units/3 BR: 1
Avg Mo Rent/3 BR: 595
# of Units/Other: 47
Avg Mo Rent/Other: 315
Income
Vacancy Loss: 11000
Other Income: 92826
Adjusted Gross: 283426
Total Expenses: 126800
Gross Scheduled Rent: 201600
Net Opp Income: 156626
Analysis
Gross Rent Multi: 4.76
Vacancy Rate %: 5.46
Exp/SqFt: 57.07
Exp % of Gross: 44.74
Cap Rate %: 11.6
Construction
Other: 1
Expenses
Admin Expenses: 0
Capital Expenses: 1400
Contract Services: 0
Figures Presented: Actual
Gas/Electric: 48285
Insurance: 3877
Maintenance Supplies: 30262
Management: 0
Resident Manager: 5552
Taxes/Assessments: 9768
Water/Sewer: 21627
Other Expenses: 6029
Sewer
Connected: 1
Water
Water Company: Flowing Wells
Terms
Cash: 1
Conventional: 1
Owner Carry: 1
Security
None: 1
Property Disclosures
Lead Based Paint: 1
Unknown: 1
Remarks Misc
Geo Lat: 32.271383
Geo Lon: -110.997289
Property Features
Construction: Other
Sewer: Connected
Security: None
Terms: Cash; Conventional; Owner Carry
Property Disclosures: Lead Based Paint; Unknown
Listing Office: Realty Executives Arizona Territory
Last Updated: December - 09 - 2024
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