127 W Lester Street, 157, Tucson, AZ 85705
$1,105,000
Property Type:
Multi-Family
Square Footage:
12,070
Lot Size (sq. ft.):
29
Status:
Closed
Current Price:
$1,105,000
List Date:
1/22/2004
Last Modified:
10/25/2024
Description
New construction to be built in spring of 2004. 10 detached houses on 5 lots - separate tax codes allow easy financing. Ten units each have 4 BR/2 BA. Potential student housing or Sec. 8 available. Four additional tax codes are 115-07-0440, 115-07-0450, 115-07-0460, 115-07-0470. For individual duplex see MLS# 2402350. Picture of SFR built previously by same builder. See attached documents to view package. www.invest-tucson.com
More Information MLS# 2402348
Address Information
Apt/Unit #: 157
Country: USA
Street #: 127
Direction: W
Street Name: Lester
Suffix: Street
State/Province: AZ
Zip Code: 85705
County: Pima
Location, Tax & Legal
Tax Year: 2003
Taxes: 2023
Assessments: 0
Legal Description: Bronx Park Lots 1 2 3 4 & 5 Blk 40.
Township: 14
Community: None
Range: 13
Section: 1
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
Tax Code: 115-07-043A
Area: Central
Subdivision: Bronx Park Addition
Status Change Info
Off Market Date: 2004-11-19
Sold Price/SqFt: 91.54
Lot Sz Sold Prc/SqFt: 29.47
How Sold: Conventional
Pending Date: 2004-08-02
Sold Date: 2004-11-19
Sold Price: $1,105,000
Showing Information
Directions: From Grant/Stone, south to Lester, west to SE corner of Lester/10th Ave.
General Property Information
Lot Dimensions: 247.5x125app.
Lot Acres: 0.86
Lot Sqft: 37486
Lot Size Source: Assessor
List Price/SqFt: 91.55
Lot Size Price/SqFt: 29.47
Combined SqFt: 12070
Year Built: 2004
Unit Info
# of Units/Other: 10
Avg Mo Rent/Other: 1050
Income
Vacancy Loss: 6300
Adjusted Gross: 119700
Total Expenses: 29620
Gross Scheduled Rent: 126000
Net Opp Income: 90080
Analysis
Gross Rent Multi: 9.23
Vacancy Rate %: 5
Exp/SqFt: 2.45
Exp % of Gross: 24.74
Cap Rate %: 8.15
Construction
Frame - Stucco: 1
Expenses
Insurance: 4800
Maintenance Supplies: 2500
Management: 9520
Taxes/Assessments: 8000
Water/Sewer: 3000
Other Expenses: 1800
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Central Air: 1
Main Heating
Forced Air: 1
Natural Gas: 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: No
Contract Information
Current Price: $1,105,000
Sold Price: $1,105,000
Listing Date: 2004-01-20
Status: Closed
Remarks Misc
Geo Lat: 32.243484
Geo Lon: -110.974722
Property Features
Construction: Frame - Stucco
Main Cooling: Central Air
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Security: None
Terms: Cash; Conventional
Property Disclosures: Unknown
Sold Info: Financing
Listing Office: RE/MAX All Executives
Last Updated: October - 25 - 2024
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