$499,000
Tucson, AZ 85716
MLS# 21209529
Status: Closed
8640 sqft
1 / 4
Property Description
OWNER WILL CONSIDER BACK UP OFFER. 12 one story masonry units in desirable Tucson Blvd/Glenn area w/ beamed ceilings & charm! Minutes to the U of A & UMC. Seller financing with 20% down payment at 6% interest. $3,375.43 PI 15 year amortization. Actual gross rents $6,786 mo.+. Expenses projected. Owner/manager retiring. Cash flow cow with excellent seller financing in GREAT location.
Details
Maps
Address Information
Country: USA
Street #: 2750
Direction: N
Street Name: Forgeus
Suffix: Street
State/Province: AZ
Zip Code: 85716
County: Pima
Location, Tax & Legal
Tax Year: 2011
Taxes: 5445
Assessments: 0
Legal Description: Grant Road Park Lots 4, 5, 6 EXC N120 Blk 1.
Township: 13
Community: None
Range: 14
Section: 32
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
Tax Code: 112-07-0070
Area: Central
Subdivision: Grant Road Park
Contract Information
Distressed Info: None
Current Price: $499,000
Sold Price: $499,000
Listing Date: 2012-04-12
Status: Closed
Status Change Info
Off Market Date: 2012-04-30
Sold Price/SqFt: 57.75
Lot Sz Sold Prc/SqFt: 13.64
How Sold: Cash Owner Carryback
Pending Date: 2012-05-23
Sold Date: 2012-05-23
Sold Price: $499,000
General Property Information
Lot Dimensions: 122x300
Lot Acres: 0.84
Lot Sqft: 36590
Lot Size Source: Assessor
List Price/SqFt: 57.75
Lot Size Price/SqFt: 13.64
Combined SqFt: 8640
Year Built: 1960
Showing Information
Directions: Tucson Blvd/Glenn East, Forgeus S to address.
Unit Info
Avg Mo Rent/Studios: 0
# of Units/1 BR: 10
Avg Mo Rent/1 BR: 554.6
# of Units/2 BR: 2
Avg Mo Rent/2 BR: 620
Avg Mo Rent/3 BR: 0
Avg Mo Rent/Other: 0
Income
Vacancy Loss: 4072
Other Income: 0
Adjusted Gross: 77360
Total Expenses: 28501
Gross Scheduled Rent: 81432
Net Opp Income: 48859
Analysis
Gross Rent Multi: 6.45
Vacancy Rate %: 5
Exp/SqFt: 3.29
Exp % of Gross: 36.84
Cap Rate %: 9.79
Construction
Concrete Block: 1
Expenses
Admin Expenses: 0
Capital Expenses: 3515
Contract Services: 612
Figures Presented: Proforma
Gas/Electric: 1499
Insurance: 3327
Maintenance Supplies: 3515
Management: 7800
Resident Manager: 0
Taxes/Assessments: 5445
Water/Sewer: 2788
Other Expenses: 0
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Central Air: 1
Evaporative Cooling: 1
Wall Unit(s): 1
Main Heating
Forced Air: 1
Natural Gas: 1
Interior Features
Interior Steps: No
Terms
Owner Carry: 1
Security
None: 1
Sold Info
Down Payment: 100000
Seller Concessions: 0
Seller Paid Repairs: 0
Selling Comments: Sold 'As Is'
Property Disclosures
Lead Based Paint: 1
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Remarks Misc
Geo Lat: 32.25704
Geo Lon: -110.932591
Property Features
Construction: Concrete Block
Main Cooling: Central Air; Evaporative Cooling; Wall Unit(s)
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Security: None
Terms: Owner Carry
Property Disclosures: Lead Based Paint
Listing Office: Tierra Antigua Realty
Last Updated: September - 09 - 2026
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