$520,000
Tucson, AZ 85705
MLS# 21308456
Status: Closed
7295 sqft
1 / 10
Property Description
A gated community apartment compound total renovation in 2006 including new roof, parking lot asphalt, stucco, , A/C, and new kitchens. Easy to rent units with cash flow.Many Long term tenants and stabilized property showing pride of ownership. Masonry construction, dual pane windows, laundry room, space to build 3 more units (per owner). Located in Gem Show corridor, close to booming downtown Tucson , U of A and Pima College. short sale approved . Built over multiple years.
Details
Maps
Address Information
Country: USA
Street #: 2115
Direction: N
Street Name: Oracle
Suffix: Road
State/Province: AZ
Zip Code: 85705
County: Pima
Location, Tax & Legal
Tax Year: 2011
Taxes: 6330.13
Assessments: 0
Legal Description: El Sahuaro lots 3,4,5 and N7 lot 6 Blk 3
Township: 14
Community: None
Range: 13
Section: 2
Municipality/Zoning: Tucson - C2
Fire Protection: Included in Taxes
Tax Code: 115-15-029A
Area: Central
Subdivision: El Sahuaro Addition
Contract Information
Distressed Info: Short Sale
Current Price: $520,000
Sold Price: $520,000
Listing Date: 2013-03-30
Status: Closed
Status Change Info
Off Market Date: 2013-04-13
Sold Price/SqFt: 71.28
Lot Sz Sold Prc/SqFt: 12.06
How Sold: Conventional
Pending Date: 2014-08-23
Sold Date: 2014-08-23
Sold Price: $520,000
General Property Information
Lot Dimensions: 161x244x158x243
Lot Acres: 0.99
Lot Sqft: 43124
Lot Size Source: Assessor
List Price/SqFt: 72.65
Lot Size Price/SqFt: 12.29
Combined SqFt: 7295
Year Built: 1983
Showing Information
Directions: Grant/Oracle S to address
Unit Info
# of Units/Studios: 10
Avg Mo Rent/Studios: 430
# of Units/1 BR: 5
Avg Mo Rent/1 BR: 520
# of Units/2 BR: 1
Avg Mo Rent/2 BR: 650
Avg Mo Rent/3 BR: 0
Avg Mo Rent/Other: 0
Income
Vacancy Loss: 6000
Other Income: 1600
Adjusted Gross: 82420
Total Expenses: 20810
Gross Scheduled Rent: 86820
Net Opp Income: 61610
Analysis
Gross Rent Multi: 6.31
Vacancy Rate %: 6.91
Exp/SqFt: 2.85
Exp % of Gross: 25.25
Cap Rate %: 11.85
Construction
Masonry Stucco: 1
Expenses
Admin Expenses: 0
Capital Expenses: 0
Contract Services: 0
Figures Presented: Proforma
Gas/Electric: 2400
Insurance: 1550
Maintenance Supplies: 575
Management: 0
Resident Manager: 5400
Taxes/Assessments: 6370
Water/Sewer: 4515
Other Expenses: 0
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Wall Unit(s): 1
Neighborhood Features
Gated Community: 1
Main Heating
None: 1
Terms
Conventional: 1
Security
None: 1
Sold Info
Down Payment: 130000
Seller Concessions: 0
Seller Paid Repairs: 0
Property Disclosures
Unknown: 1
Miscellaneous
Master Water Meter: Yes
Remarks Misc
Geo Lat: 32.247481
Geo Lon: -110.978667
Property Features
Construction: Masonry Stucco
Main Cooling: Wall Unit(s)
Main Heating: None
Sewer: Connected
Water: Public
Security: None
Neighborhood Features: Gated Community
Terms: Conventional
Property Disclosures: Unknown
Listing Office: Realty Executives Arizona Territory
Last Updated: June - 05 - 2026
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