$1,170,000
Tucson, AZ 85716
MLS# 22308492
Status: Closed
5284 sqft
1 / 5
Property Description
Introducing a fantastic investment opportunity - an 8 unit apartment complex! This property features a mix of 3 upgraded 2 bedroom 1 bathroom units and 5 cozy 1 bedroom 1 bathroom units, offering a range of options for potential tenants. The complex is well-maintained and located in a desirable central area. Each unit boasts modern amenities and plenty of natural light, providing a comfortable living experience for tenants.This is the perfect opportunity for investors looking to expand their real estate portfolio or first-time investors looking to get started in the industry. Don't miss out on this incredible chance to own a profitable 8 unit apartment complex.
Details
Maps
Address Information
Country: USA
Street #: 2540
Direction: E
Street Name: Copper
Suffix: Street
State/Province: AZ
Zip Code: 85716
County: Pima
Location, Tax & Legal
Tax Year: 2022
Taxes: 4410.81
Assessments: 0
Taxes For: Building & Land
Legal Description: From Parcel:112071710 /Grant Road Park No 2 N99' Lot 3 Blk 6
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
FEMA Flood Zone: TBD
Municipal Flood Zone: TBD
Tax Code: 112-07-1710
Area: Central
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $1,170,000
Sold Price: $1,170,000
Listing Date: 2023-04-18
Status: Closed
Status Change Info
Off Market Date: 2023-04-18
Sold Price/SqFt: 221.42
Lot Sz Sold Prc/SqFt: 83.24
Financing: Cash
Pending Date: 2023-04-18
Sold Date: 2023-05-03
Sold Price: $1,170,000
Showing Information
Directions: Grant/Tucson Blvd N To Copper, E To Address
General Property Information
Property Sub-Type: Apartment
Lot Dimensions: Irregular
Lot Acres: 0.53
Lot Sqft: 14056
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 227.1
Lot Size Price/SqFt: 85.37
Year Built: 1950
Combined SqFt: 5284
Income
Vacancy Loss: 5388
Other Income: 7380
Adjusted Gross: 109752
Gross Scheduled Rent: 107760
Net Opp Income: 79040
Analysis
Gross Rent Multi: 10.66
Vacancy Rate %: 5
Cap Rate %: 6.58
Expenses
Management: 8620
Water/Sewer: 5940
Other Expenses: 21539
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/1 BR: 5
# of Units/2 BR: 3
Sold Info
Seller Concessions: 0
Remarks Misc
Geo Lat: 32.253756
Geo Lon: -110.93413
Property Features
Listing Office: Realty Executives Arizona Territory
Last Updated: December - 22 - 2024
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