1401 E Adelaide Drive, Tucson, AZ 85719
$1,547,500
Property Type:
Multi-Family
Square Footage:
21,465
Lot Size (sq. ft.):
20
Status:
Closed
Current Price:
$1,547,500
List Date:
12/11/2006
Last Modified:
10/26/2024
Description
Pride of Ownership Apartments, great location. The Apartments have large fenced yards, central courtyards with mature landscaping, a swimming pool and laundry facilities. Recent upgrades include new roofs, many new A/C units, resealed/restriped parking lot and new paint. One unit was previously 3 bd/2 bath and has been converted to a 2 bd and studio. Seller will convert back to a 3 bd/2 bath if requested by buyer. Please do not disturb tenants.
More Information MLS# 2635883
Address Information
Country: USA
Street #: 1401
Direction: E
Street Name: Adelaide
Suffix: Drive
State/Province: AZ
Zip Code: 85719
County: Pima
Location, Tax & Legal
Tax Year: 2005
Taxes: 10147
Assessments: 0
Legal Description: Hedrick Acreage Tract Number 3, lots 17 & 18, Block G
Township: 13
Community: None
Range: 14
Section: 31
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
Tax Code: 113-07-2370
Area: Central
Subdivision: Hedrick Acreage Tract NO 3
Status Change Info
Off Market Date: 2008-04-08
Sold Price/SqFt: 72.09
Lot Sz Sold Prc/SqFt: 20.28
How Sold: Other
Pending Date: 2006-12-28
Sold Date: 2008-04-08
Sold Price: $1,547,500
Showing Information
Directions: Glenn/Mountain, North to Adelaide, east to Address
General Property Information
Lot Dimensions: 253x300x249x300
Lot Acres: 1.75
Lot Sqft: 76285
Lot Size Source: Assessor
List Price/SqFt: 74.49
Lot Size Price/SqFt: 20.96
Combined SqFt: 21465
Year Built: 1952
Unit Info
# of Units/Studios: 1
Avg Mo Rent/Studios: 400
# of Units/2 BR: 24
Avg Mo Rent/2 BR: 535
Income
Vacancy Loss: 7944
Other Income: 1500
Adjusted Gross: 152436
Total Expenses: 48647
Gross Scheduled Rent: 158880
Net Opp Income: 103789
Analysis
Gross Rent Multi: 10.48
Vacancy Rate %: 5
Exp/SqFt: 2.26
Exp % of Gross: 31.91
Cap Rate %: 6.49
Construction
Concrete Block: 1
Expenses
Admin Expenses: 1000
Contract Services: 3000
Gas/Electric: 6000
Insurance: 7500
Maintenance Supplies: 7500
Resident Manager: 6000
Taxes/Assessments: 10147
Water/Sewer: 7500
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Central Air: 1
Main Heating
Heat Pump: 1
Interior Features
Interior Steps: No
Security
None: 1
Sold Info
Financing: 1
Property Disclosures
Lead Based Paint: 1
Unknown: 1
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Package Available: Yes
Contract Information
Current Price: $1,547,500
Sold Price: $1,547,500
Listing Date: 2006-09-07
Status: Closed
Remarks Misc
Geo Lat: 32.259941
Geo Lon: -110.951117
Property Features
Construction: Concrete Block
Main Cooling: Central Air
Main Heating: Heat Pump
Sewer: Connected
Water: Public
Security: None
Property Disclosures: Lead Based Paint; Unknown
Sold Info: Financing
Documents
Lead Paint Discl ›Listing Office: Diversified Equity Corporation
Last Updated: October - 26 - 2024
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