$975,000
Tucson, AZ 85712
MLS# 22019405
Status: Closed
7280 sqft
1 / 16
Property Description
Classic double red brick garden style apartments. Pride of ownership is evident in this well maintained 14 unit complex. 12- one bedrooms and 2- two bedrooms. Current Rents are well below market, Majority of tenants are month to month. Paved parking, upgraded exterior electrical panels. Close Proximity to TMC. Property benefited from Government program to abate all lead in the property, Seller can provide documentation. Plenty of upside with this property. Seller will only consider owner carry back offers, inquire listing agent for terms and and questions.
Details
Maps
Documents
Address Information
Country: USA
Street #: 1634
Direction: N
Street Name: Beverly
Suffix: Avenue
State/Province: AZ
Zip Code: 85712
County: Pima
Location, Tax & Legal
Tax Year: 2019
Taxes: 5547.15
Assessments: 0
Taxes For: Building & Land
Legal Description: Avondale s100' lots 6 & 7 blk 15
Municipality/Zoning: Tucson - C1
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Tax Code: 121-12-399F
Area: Central
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $975,000
Sold Price: $975,000
Listing Date: 2020-08-07
Status: Closed
Status Change Info
Off Market Date: 2020-10-28
Sold Price/SqFt: 133.93
Lot Sz Sold Prc/SqFt: 40.63
Financing: Cash Owner Carryback
Pending Date: 2020-12-03
Sold Date: 2020-12-30
Sold Price: $975,000
Showing Information
Directions: Pima & Craycroft, West to Beverly, South to Address
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 14
Lot Dimensions: 100*240
Lot Acres: 0.55
Total Parking: 14
Lot Sqft: 24000
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 164.84
Lot Size Price/SqFt: 50
Year Built: 1959
Combined SqFt: 7280
Electric
Electric Company: tep
Gas
Natural: 1
Analysis
Vacancy Rate %: 2
Cap Rate %: 6.87
Construction
Brick: 1
Expenses
Figures Presented: Proforma
Insurance: 3976
Maintenance Supplies: 7000
Taxes/Assessments: 5548
Water/Sewer: 8100
Other Expenses: 2400
Sewer
Connected: 1
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/1 BR: 12
Avg Mo Rent/1 BR: 625
# of Units/2 BR: 2
Avg Mo Rent/2 BR: 800
Roof
Built-Up - Reflect: 1
Water
Public: 1
Fence
None: 1
Road Type
Paved: 1
Fenced Storage
No: 1
Lot Features
North/South Exposure: 1
Subdivided: 1
Main Cooling
Central Air: 1
Evaporative Cooling: 1
Main Heating
Wall Furnace: 1
Water Heater
Natural Gas: 1
Terms
Owner Carry: 1
Accessibility Option
None: 1
Security
None: 1
Sold Info
Down Payment: 235000
Seller Concessions: 0
Seller Paid Repairs: 5000
Landscape - Front
None: 1
Landscape - Rear
None: 1
Parking
Paved Parking: 1
Restrictions
Deed: 1
Property Disclosures
Lead Based Paint: 1
Military Airport Vct: 1
Seller Prop Disclosure: 1
Unknown: 1
Special Conditions
None: 1
Remarks Misc
Geo Lat: 32.242661
Geo Lon: -110.87934
Income
Gross Scheduled Rent: 111600
Property Features
Construction: Brick
Roof: Built-Up - Reflect
Fenced Storage: No
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Wall Furnace
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Security: None
Fence: None
Landscape - Front: None
Landscape - Rear: None
Road Type: Paved
Parking: Paved Parking
Lot Features: North/South Exposure; Subdivided
Terms: Owner Carry
Property Disclosures: Lead Based Paint; Military Airport Vct; Seller Prop Disclosure; Unknown
Special Conditions: None
Restrictions: Deed
LBPD 
Listing Office: Harvey Mordka Realty
Last Updated: December - 13 - 2024
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