1218 E Blacklidge Drive, Tucson, AZ 85719
$2,850,000
Property Type:
Commercial
Square Footage:
22,217
Lot Size (sq. ft.):
86
Status:
Closed
Current Price:
$2,850,000
List Date:
9/18/2018
Last Modified:
12/10/2024
Description
Brand New Condo community consisting of 13 3-bed/3-bath Units in Central Tucson. Next to The UofA campus and would be perfect for student housing. All units will have granite countertops and stainless steel appliances, covered patios and 2 car garages, Laundry area in each unit. Separately metered utilities. Compare other New construction apartment rents which are selling out at twice as higher rents than on this pro forma. Easy to rent. Student housing rents per bedroom. Please call listing agents to view since under construction. Completion is estimated in FEB. Bring your 1031 exchange. Best opportunity in Tucson for this price. Interior Pictures shown are not of the completed project but are an indication of the finishes. New pictures will be uploaded once complete.
More Information MLS# 21825274
Address Information
Country: USA
Street #: 1218
Direction: E
Street Name: Blacklidge
Suffix: Drive
State/Province: AZ
Zip Code: 85719
County: Pima
Location, Tax & Legal
Tax Year: 2017
Taxes: 3207.62
Assessments: 0
Taxes For: Only for Land
Legal Description: CATALINA POULTRY ACRES UNIT NO 2 LOT 18
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Tax Code: 113-08-1060
Area: Central
Contract Information
Short Sale: No
Current Price: $2,850,000
Sold Price: $2,850,000
Listing Date: 2018-09-18
Status: Closed
Status Change Info
Off Market Date: 2019-03-29
Sold Price/SqFt: 128.28
Lot Sz Sold Prc/SqFt: 77.16
Financing: Conventional
Pending Date: 2019-05-21
Sold Date: 2019-05-30
Sold Price: $2,850,000
Showing Information
Directions: From Mountain & Glenn, North to Blacklidge, West to address.
General Property Information
Property Sub-Type: Apartment
Construction Status: New Construction
# Units: 13
Lot Dimensions: irregular
Lot Acres: 0.85
Total Parking: 52
Lot Sqft: 36934
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Builder
List Price/SqFt: 144.03
Lot Size Price/SqFt: 86.64
Year Built: 2018
Combined SqFt: 22217
Electric
Electric Company: TEP
Income
Vacancy Loss: 16380
Adjusted Gross: 311220
Gross Scheduled Rent: 327600
Net Opp Income: 77036
Gas
None: 1
Analysis
Vacancy Rate %: 5
Cap Rate %: 8.08
Construction
Frame - Stucco: 1
Expenses
Figures Presented: Proforma
Insurance: 15000
Management: 26208
Taxes/Assessments: 26000
Sewer
Connected: 1
Unit Information
Other: Student Housing
Apartment Unit Information
# of Units/3 BR: 13
Avg Mo Rent/3 BR: 1950
Roof
Tile: 1
Water
Public: 1
Property Features
Interior Steps: 1
Smoke Detector: 1
Fence
Block: 1
Road Type
Paved: 1
Fenced Storage
No: 1
Main Cooling
Central Air: 1
Main Heating
Electric: 1
Forced Air: 1
Water Heater
Electric: 1
Terms
Cash: 1
Conventional: 1
Accessibility Option
None: 1
Security
None: 1
Sold Info
Seller Concessions: 0
Landscape - Front
Low Care: 1
Landscape - Rear
Low Care: 1
Traffic Count
Unknown: 1
Possession
See Remarks: 1
Remarks Misc
Geo Lat: 32.260758
Geo Lon: -110.953139
Property Features
Property Features: Interior Steps; Smoke Detector
Construction: Frame - Stucco
Roof: Tile
Fenced Storage: No
Main Cooling: Central Air
Main Heating: Electric; Forced Air
Water Heater: Electric
Gas: None
Sewer: Connected
Water: Public
Accessibility Option: None
Security: None
Fence: Block
Landscape - Front: Low Care
Landscape - Rear: Low Care
Road Type: Paved
Traffic Count: Unknown
Terms: Cash; Conventional
Possession: See Remarks
Listing Office: Keller Williams Southern Arizona
Last Updated: December - 10 - 2024
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