1240 W Ajo Way, Tucson, AZ 85713
$1,307,000
Property Type:
Multi-Family
Square Footage:
27,716
Lot Size (sq. ft.):
14
Status:
Closed
Current Price:
$1,307,000
List Date:
2/03/2003
Last Modified:
10/25/2024
Description
Garden Style Apartments. All rents and operating numbers are estimates based on a stabilized proforma. This is a fixup opportunity offered at a low $20,536/unit. Complexes along Ajo have strong occupancy. This could be a sweetheart with some work!
More Information MLS# 2303370
Address Information
Country: USA
Street #: 1240
Direction: W
Street Name: Ajo
Suffix: Way
State/Province: AZ
Zip Code: 85713
County: Pima
Location, Tax & Legal
Tax Year: 2002
Taxes: 15849
Assessments: 4019
Legal Description: PT OF E289.65' W1056.74' N323.84'S398.84' OF SW4 SW4 1.78 AC SEC 26-14-13
Township: 14
Community: None
Range: 13
Section: 26
Municipality/Zoning: Tucson - R3
Fire Protection: Included in Taxes
Tax Code: 119-18-029F
Area: West
Subdivision: Unsubdivided
Status Change Info
Off Market Date: 2003-07-08
Sold Price/SqFt: 47.15
Lot Sz Sold Prc/SqFt: 16.85
How Sold: Cash
Pending Date: 2003-05-08
Sold Date: 2003-07-08
Sold Price: $1,307,000
Showing Information
Directions: West of I-19 on Ajo (north side od road)
General Property Information
Lot Acres: 1.78
Lot Sqft: 77537
List Price/SqFt: 41.49
Lot Size Price/SqFt: 14.83
Combined SqFt: 27716
Year Built: 1981
Unit Info
# of Units/1 BR: 40
Avg Mo Rent/1 BR: 375
# of Units/2 BR: 16
Avg Mo Rent/2 BR: 495
Income
Vacancy Loss: 22003
Other Income: 8732
Adjusted Gross: 256069
Total Expenses: 136334
Gross Scheduled Rent: 269340
Net Opp Income: 119735
Analysis
Gross Rent Multi: 4.49
Vacancy Rate %: 8.17
Exp/SqFt: 4.91
Exp % of Gross: 53.24
Cap Rate %: 10.41
Construction
Frame - Stucco: 1
Expenses
Admin Expenses: 4600
Capital Expenses: 14000
Contract Services: 10400
Gas/Electric: 1500
Insurance: 7741
Maintenance Supplies: 40600
Management: 10243
Resident Manager: 16000
Taxes/Assessments: 16250
Water/Sewer: 15000
Sewer
Connected: 1
Water
Public: 1
Interior Features
Interior Steps: No
Terms
Cash: 1
Conventional: 1
Security
None: 1
Sold Info
Financing: 1
Selling Comments: Amount contributed b
Property Disclosures
Unknown: 1
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Package Available: Yes
Contract Information
Current Price: $1,307,000
Sold Price: $1,307,000
Listing Date: 2003-02-03
Status: Closed
Remarks Misc
Geo Lat: 32.178521
Geo Lon: -110.991762
Property Features
Construction: Frame - Stucco
Sewer: Connected
Water: Public
Security: None
Terms: Cash; Conventional
Property Disclosures: Unknown
Sold Info: Financing
Listing Office: Schulte Company
Last Updated: October - 25 - 2024
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo.
All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.