$250,000
South Tucson, AZ 85713
MLS# 21601438
Status: Closed
4998 sqft
1 / 3
Property Description
Existing 18 unit apartment complex with approximately 9 units rentable on .30 acre lot zoned SB1 on S. 6th Avenue. No effort has been made to rent any units in over 6 months. Fix-up. Perfect for owner/manager or non-profit buyer. Great potential. Please see attached floorplan. Seller may carry with 30% down, 6% interest 30 yr. amortization 7 yr. balloon with personal liability.
Details
Maps
Address Information
Country: USA
Street #: 2411
Direction: S
Street Name: 6th
Suffix: Avenue
State/Province: AZ
Zip Code: 85713
County: Pima
Location, Tax & Legal
Tax Year: 2015
Taxes: 2305
Assessments: 0
Legal Description: Home No. 2 Lot 7 Exc W50' N47.5' & all Lot 8
Township: 14
Community: None
Range: 13
Section: 24
Municipality/Zoning: South Tucson - SB1
Fire Protection: Included in Taxes
Tax Code: 11825-2670
Area: South
Subdivision: Home
Contract Information
Distressed Info: None
Current Price: $250,000
Sold Price: $250,000
Listing Date: 2016-01-12
Status: Closed
Status Change Info
Off Market Date: 2016-04-07
Sold Price/SqFt: 50.02
Lot Sz Sold Prc/SqFt: 19.39
How Sold: Cash Owner Carryback
Pending Date: 2016-05-02
Sold Date: 2016-05-02
Sold Price: $250,000
General Property Information
Lot Dimensions: Irregular
Lot Acres: 0.3
Lot Sqft: 12892
Lot Size Source: Assessor
List Price/SqFt: 50.02
Lot Size Price/SqFt: 19.39
Combined SqFt: 4998
Year Built: 1965
Showing Information
Directions: 22nd St/6th Ave. - S to address
Unit Info
# of Units/Studios: 11
Avg Mo Rent/Studios: 300
# of Units/1 BR: 2
Avg Mo Rent/1 BR: 345
# of Units/2 BR: 6
Avg Mo Rent/2 BR: 450
Avg Mo Rent/3 BR: 0
Avg Mo Rent/Other: 0
Income
Vacancy Loss: 8028
Other Income: 0
Adjusted Gross: 72252
Total Expenses: 30650
Gross Scheduled Rent: 80280
Net Opp Income: 41602
Analysis
Gross Rent Multi: 3.46
Vacancy Rate %: 10
Exp/SqFt: 6.13
Exp % of Gross: 42.42
Cap Rate %: 16.64
Construction
Concrete Block: 1
Expenses
Admin Expenses: 400
Capital Expenses: 3000
Contract Services: 940
Figures Presented: Proforma
Gas/Electric: 1450
Insurance: 5503
Maintenance Supplies: 6320
Management: 3900
Resident Manager: 3835
Taxes/Assessments: 2305
Water/Sewer: 2997
Other Expenses: 0
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Central Air: 1
Evaporative Cooling: 1
Main Heating
None: 1
Terms
Cash: 1
Security
None: 1
Miscellaneous
Master Water Meter: Yes
Package Available: Yes
Remarks Misc
Geo Lat: 32.1941
Geo Lon: -110.967987
Property Features
Construction: Concrete Block
Main Cooling: Central Air; Evaporative Cooling
Main Heating: None
Sewer: Connected
Water: Public
Security: None
Terms: Cash
Listing Office: Tierra Antigua Realty
Last Updated: September - 09 - 2026
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