126 E Mohave Road, Tucson, AZ 85705
$985,000
Property Type:
Multi-Family
Square Footage:
14,796
Lot Size (sq. ft.):
36
Status:
Closed
Current Price:
$985,000
List Date:
10/13/2005
Last Modified:
10/26/2024
Description
Mohave Gardens - Excellent investment potential 24 unit complex of 1 and 2 bdrm apts. with large pool and laundry room. Mature trees in a garden - like setting make this a great place for tenants with pride of ownership for the new owner. Room to raise rents make this a good buy for any residential income investor property can be purchased with adjoining 20 unit complex at a special price, may have condo conversion potential.
More Information MLS# 2529526
Address Information
Country: USA
Street #: 126
Direction: E
Street Name: Mohave
Suffix: Road
State/Province: AZ
Zip Code: 85705
County: Pima
Location, Tax & Legal
Tax Year: 2004
Taxes: 7287
Assessments: 0
Legal Description: Sawtelle Place Lot 9 Blk 3
Township: 13
Community: None
Range: 13
Section: 25
Municipality/Zoning: Tucson - R3
Fire Protection: Included in Taxes
Tax Code: 106-03-0490
Area: Central
Subdivision: Sawtelle Place
Status Change Info
Off Market Date: 2006-03-14
Sold Price/SqFt: 66.57
Lot Sz Sold Prc/SqFt: 32.3
How Sold: Conventional
Pending Date: 2005-12-16
Sold Date: 2006-03-14
Sold Price: $985,000
Showing Information
Directions: North from Grant and Stone ave past Fort Lowell; Mohave Road is second street on right.
General Property Information
Lot Dimensions: 122 x 250
Lot Acres: 0.7
Lot Sqft: 30492
Lot Size Source: Other
List Price/SqFt: 74.34
Lot Size Price/SqFt: 36.07
Combined SqFt: 14796
Year Built: 1984
Unit Info
# of Units/1 BR: 16
Avg Mo Rent/1 BR: 375
# of Units/2 BR: 8
Avg Mo Rent/2 BR: 500
Income
Vacancy Loss: 11550
Other Income: 2563
Adjusted Gross: 106513
Total Expenses: 46663
Gross Scheduled Rent: 115500
Net Opp Income: 59850
Analysis
Gross Rent Multi: 10.32
Vacancy Rate %: 10
Exp/SqFt: 3.15
Exp % of Gross: 43.8
Cap Rate %: 5.44
Expenses
Capital Expenses: 5090
Contract Services: 710
Gas/Electric: 7106
Insurance: 2943
Maintenance Supplies: 5794
Resident Manager: 10752
Taxes/Assessments: 7202
Water/Sewer: 5329
Other Expenses: 1737
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Central Air: 1
Main Heating
Electric: 1
Forced Air: 1
Interior Features
Interior Steps: No
Terms
Conventional: 1
Security
None: 1
Sold Info
Financing: 1
Property Disclosures
Flood Plain: 1
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Package Available: Yes
Contract Information
Current Price: $985,000
Sold Price: $985,000
Listing Date: 2005-10-11
Status: Closed
Remarks Misc
Geo Lat: 32.267562
Geo Lon: -110.970152
Property Features
Main Cooling: Central Air
Main Heating: Electric; Forced Air
Sewer: Connected
Water: Public
Security: None
Terms: Conventional
Property Disclosures: Flood Plain
Sold Info: Financing
Listing Office: Tierra Antigua Realty
Last Updated: October - 26 - 2024
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