1414 N 1st Avenue, Tucson, AZ 85719
$1,150,000
Property Type:
Multi-Family
Square Footage:
5,000
Lot Size (sq. ft.):
147
Status:
Closed
Current Price:
$1,150,000
List Date:
8/31/2015
Last Modified:
12/08/2024
Description
Unique Student rental opportunity within 4 blocks of the University of Arizona. Completely remodeled building (2012) that includes 5 HD TV`s in modern warehouse style layout with backyard patio! 17 Bedrooms, 9 bathrooms, built in booths, huge breakfast bar area, large covered porch and walled in back yard. LEASED THROUGH JULY 2016! House was designed to accommodate large group of students wanting to live together. All tile, Zoned AC, corian counters in kitchen, cultured marbled wayne's coated bathrooms. Actual numbers from 2014. Management can be retained. Packet available upon request. One of the Selling Members of the LLC is licensed to sale real estate in Arizona.
More Information MLS# 21524027
Address Information
Country: USA
Street #: 1414
Direction: N
Street Name: 1st
Suffix: Avenue
State/Province: AZ
Zip Code: 85719
County: Pima
Location, Tax & Legal
Tax Year: 2014
Taxes: 4681
Assessments: 0
Legal Description: UNIVERSITY HOMES LOT 10 & N81.35' LOT 9 BLK 10
Township: 14
Community: None
Range: 14
Section: 6
Municipality/Zoning: Tucson - C1
Fire Protection: Included in Taxes
Tax Code: 123-15-1110
Area: Central
Subdivision: University Home Addition
Contract Information
Distressed Info: None
Current Price: $1,150,000
Sold Price: $1,150,000
Listing Date: 2015-08-31
Status: Closed
Status Change Info
Off Market Date: 2015-11-02
Sold Price/SqFt: 230
Lot Sz Sold Prc/SqFt: 141.36
How Sold: Conventional
Pending Date: 2015-12-07
Sold Date: 2015-12-09
Sold Price: $1,150,000
Showing Information
Directions: From Speedway and Euclid. North on Euclid. West (L)onto Drachman. North (R) onto 1st, to second property on East (R) side of street. Look for Wrought Iron Canopy and you are in the right spot!
General Property Information
Lot Dimensions: 81 x 100.4
Lot Acres: 0.19
Lot Sqft: 8135
Lot Size Source: Assessor
List Price/SqFt: 240
Lot Size Price/SqFt: 147.51
Combined SqFt: 5000
Year Built: 1948
Unit Info
Avg Mo Rent/Studios: 0
Avg Mo Rent/1 BR: 0
Avg Mo Rent/2 BR: 0
Avg Mo Rent/3 BR: 0
# of Units/Other: 1
Avg Mo Rent/Other: 14450
Income
Vacancy Loss: 0
Other Income: 0
Adjusted Gross: 173400
Total Expenses: 65668
Gross Scheduled Rent: 173400
Net Opp Income: 107732
Analysis
Gross Rent Multi: 6.63
Vacancy Rate %: 0
Exp/SqFt: 13.13
Exp % of Gross: 37.87
Cap Rate %: 9.37
Expenses
Admin Expenses: 492
Capital Expenses: 0
Contract Services: 6000
Figures Presented: Actual
Gas/Electric: 20400
Insurance: 4296
Maintenance Supplies: 11754
Management: 17340
Resident Manager: 0
Taxes/Assessments: 4681
Water/Sewer: 0
Other Expenses: 705
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Zoned: 1
Main Heating
Electric: 1
Zoned: 1
Interior Features
Interior Steps: Yes
Terms
Cash: 1
Conventional: 1
Security
Alarm Installed: 1
Property Disclosures
Unknown: 1
Miscellaneous
Master Elec Meter: Yes
Master Water Meter: Yes
Package Available: Yes
Remarks Misc
Geo Lat: 32.239921
Geo Lon: -110.960768
Property Features
Main Cooling: Zoned
Main Heating: Electric; Zoned
Sewer: Connected
Water: Public
Security: Alarm Installed
Terms: Cash; Conventional
Property Disclosures: Unknown
Listing Office: Tucson Integrity Realty, LLC
Last Updated: December - 08 - 2024
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