2015 &2027 E Benson Highway, Tucson, AZ 85714
$1,550,000
Property Type:
Commercial
Square Footage:
8,850
Lot Size (sq. ft.):
24
Status:
Closed
Current Price:
$1,550,000
List Date:
11/22/2021
Last Modified:
12/15/2024
Description
22 units near i10 just minutes from downtown, close to the airport, shopping, dining and entertainment. Solid masonry constructed units ready to cash flow for a new owner. Additional parking income from neighboring dispensary and historic signage income from the city of Tucson. Priced to sell, this listing will not last!
132-19-0060
PC 125'X300' ON NE SIDE OF BENSON HWY BEG
690.78' SE FROM E LINE OF CAMPBELL AVE
.70 AC -32-14-14
132-19-0070
SE125' OF NW940.78' OF SW300' OF THAT PT OF SW4
LYG NE OF BENSON HWY & E OF CAMPBELL AVE LESS
WIDENED RD .70 AC SEC 32-14-14
More Information MLS# 22126413
Address Information
Country: USA
Street #: 2015 &2027
Direction: E
Street Name: Benson
Suffix: Highway
State/Province: AZ
Zip Code: 85714
County: Pima
Location, Tax & Legal
Tax Year: 2020
Taxes: 5363
Assessments: 0
Legal Description: 2 legals, see property description.
Municipality/Zoning: Tucson - C2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Tax Code: 132-19-0060
Area: South
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $1,550,000
Sold Price: $1,550,000
Listing Date: 2021-10-12
Status: Closed
Status Change Info
Off Market Date: 2021-12-29
Sold Price/SqFt: 175.14
Lot Sz Sold Prc/SqFt: 24.88
Financing: Conventional
Pending Date: 2022-02-24
Sold Date: 2022-03-04
Sold Price: $1,550,000
Showing Information
Directions: From Kino, east on Benson Hwy to The Owl Lodge
General Property Information
Property Sub-Type: Apartment
# Units: 22
Lot Dimensions: irregular
Lot Acres: 1.43
Total Parking: 35
Lot Sqft: 62291
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 175.14
Lot Size Price/SqFt: 24.88
Year Built: 1948
Combined SqFt: 8850
Electric
Electric Company: TEP
Income
Vacancy Loss: 7920
Other Income: 37200
Adjusted Gross: 187680
Gross Scheduled Rent: 158400
Net Opp Income: 111921
Analysis
Gross Rent Multi: 8.26
Vacancy Rate %: 5
Cap Rate %: 9
Construction
Concrete Block: 1
Expenses
Admin Expenses: 9600
Figures Presented: Proforma
Gas/Electric: 30000
Management: 9500
Resident Manager: 0
Taxes/Assessments: 5362
Water/Sewer: 12000
Sewer
Connected: 1
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/Studios: 21
Avg Mo Rent/Studios: 600
# of Units/1 BR: 1
Avg Mo Rent/1 BR: 700
Roof
Tile: 1
Water
Public: 1
Road Type
Paved: 1
Terms
Cash: 1
Conventional: 1
Owner Carry: 1
Submit With Offer
Digital Signature Accepted: 1
Proof of Funds: 1
Accessibility Option
Level: 1
Sold Info
Seller Concessions: 0
Landscape - Front
Low Care: 1
Landscape - Rear
Low Care: 1
Parking
Free: 1
Private Parking: 1
Freeway/Highway
1.1 - 2 Miles: 1
Access: 1
Property Disclosures
Lead Based Paint: 1
Unknown: 1
Special Conditions
None: 1
Remarks Misc
Geo Lat: 32.167527
Geo Lon: -110.941079
Property Features
Construction: Concrete Block
Roof: Tile
Sewer: Connected
Water: Public
Accessibility Option: Level
Landscape - Front: Low Care
Landscape - Rear: Low Care
Road Type: Paved
Parking: Free; Private Parking
Terms: Cash; Conventional; Owner Carry
Submit With Offer: Digital Signature Accepted; Proof of Funds
Property Disclosures: Lead Based Paint; Unknown
Special Conditions: None
Listing Office: Realty Executives Arizona Territory
Last Updated: December - 15 - 2024
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