1240 E Fort Lowell Road, Tucson, AZ 85719
$1,110,000
Property Type:
Multi-Family
Square Footage:
12,492
Lot Size (sq. ft.):
24
Status:
Closed
Current Price:
$1,110,000
List Date:
10/15/2002
Last Modified:
10/25/2024
Description
Great property, most units have been rehabbed, always rented.
More Information MLS# 2224785
Address Information
Country: USA
Street #: 1240
Direction: E
Street Name: Fort Lowell
Suffix: Road
State/Province: AZ
Zip Code: 85719
County: Pima
Location, Tax & Legal
Tax Year: 2002
Taxes: 9037
Assessments: 0
Legal Description: Catalina Poultry Acres Unit No. 4 Lot 41 thru 44 exc N22.5' & exc E100' of N149.89' thereof.
Township: 13
Community: None
Range: 14
Section: 31
Municipality/Zoning: Tucson - C1
Fire Protection: None
Tax Code: 113-08-200D
Area: Central
Subdivision: Catalina Poultry Acres NO 4
Status Change Info
Off Market Date: 2003-01-08
Sold Price/SqFt: 88.85
Lot Sz Sold Prc/SqFt: 22.55
How Sold: Conventional
Pending Date: 2002-11-08
Sold Date: 2003-01-08
Sold Price: $1,110,000
Showing Information
Directions: SW corner of Mountain and Ft Lowell
General Property Information
Lot Dimensions: Irregular
Lot Acres: 1.13
Lot Sqft: 49210
Lot Size Source: Assessor
List Price/SqFt: 96.06
Lot Size Price/SqFt: 24.38
Combined SqFt: 12492
Year Built: 1985
Unit Info
# of Units/1 BR: 12
Avg Mo Rent/1 BR: 425
# of Units/2 BR: 16
Avg Mo Rent/2 BR: 525
Income
Vacancy Loss: 11340
Other Income: 7319
Adjusted Gross: 157979
Total Expenses: 57390
Gross Scheduled Rent: 162000
Net Opp Income: 100589
Analysis
Gross Rent Multi: 7.59
Vacancy Rate %: 7
Exp/SqFt: 4.59
Exp % of Gross: 36.32
Cap Rate %: 8.38
Construction
Frame - Stucco: 1
Expenses
Admin Expenses: 5683
Gas/Electric: 7456
Insurance: 4186
Maintenance Supplies: 13444
Management: 12285
Taxes/Assessments: 9036
Water/Sewer: 5300
Sewer
Connected: 1
Water
Public: 1
Main Heating
Electric: 1
Forced Air: 1
Interior Features
Interior Steps: No
Terms
Cash: 1
Conventional: 1
Security
None: 1
Sold Info
Financing: 1
Property Disclosures
Unknown: 1
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Package Available: Yes
Contract Information
Current Price: $1,110,000
Sold Price: $1,110,000
Listing Date: 2002-10-14
Status: Closed
Remarks Misc
Geo Lat: 32.264064
Geo Lon: -110.952784
Property Features
Construction: Frame - Stucco
Main Heating: Electric; Forced Air
Sewer: Connected
Water: Public
Security: None
Terms: Cash; Conventional
Property Disclosures: Unknown
Sold Info: Financing
Listing Office: Long Realty Company
Last Updated: October - 25 - 2024
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