2230 E Ft Lowell, Unknown, AZ 85718
$1,110,000
Property Type:
Multi-Family
Square Footage:
44,600
Status:
Closed
Current Price:
$1,110,000
List Date:
7/10/1994
Last Modified:
10/26/2024
Description
This Complex Has Had Extensive Renovation, & Now Operates At 95% Occup The Income & Expenses Are Projected At The Current Rental Rates,The Expenses Protect A 3.5% Increase Over 1993.The Owner Will Carry At 9.25% Term & Amort Are Negotiable.
More Information MLS# 9409194
Address Information
Country: USA
Street #: 2230
Direction: E
Street Name: Ft Lowell
State/Province: AZ
Zip Code: 85718
County: Unknown
Location, Tax & Legal
Tax Year: 1993
Taxes: 15259
Assessments: 0
Legal Description: Long Legal In Office
Township: 13
Community: None
Range: 14
Section: 32
Municipality/Zoning: Tucson - R3
Tax Code: 112050016
Area: Central
Subdivision: Campbell Ave. Acres
Status Change Info
Off Market Date: 1995-01-26
Sold Price/SqFt: 24.88
How Sold: Cash Owner Carryback
Pending Date: 1994-09-13
Sold Date: 1995-01-26
Sold Price: $1,110,000
Showing Information
Directions: Ft Lowell To Address
General Property Information
List Price/SqFt: 26.79
Combined SqFt: 44600
Year Built: 1971
Unit Info
# of Units/1 BR: 10
Avg Mo Rent/1 BR: 405
# of Units/2 BR: 48
Avg Mo Rent/2 BR: 485
Income
Vacancy Loss: 26236
Other Income: 6800
Adjusted Gross: 308524
Total Expenses: 158250
Gross Scheduled Rent: 327960
Net Opp Income: 150274
Analysis
Gross Rent Multi: 3.87
Vacancy Rate %: 8
Exp/SqFt: 3.54
Exp % of Gross: 51.29
Cap Rate %: 12.57
Construction
Masonry Stucco: 1
Expenses
Admin Expenses: 741
Capital Expenses: 5205
Contract Services: 3500
Figures Presented: Actual
Gas/Electric: 79104
Insurance: 3500
Maintenance Supplies: 16700
Resident Manager: 20200
Taxes/Assessments: 15500
Water/Sewer: 13800
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Central Air: 1
Interior Features
Interior Steps: No
Terms
Cash: 1
Conventional: 1
Exchange: 1
Owner Carry: 1
Sold Info
Financing: 1
Miscellaneous
Master Elec Meter: Yes
Master Gas Meter: No
Master Water Meter: No
Package Available: Yes
Contract Information
Current Price: $1,110,000
Sold Price: $1,110,000
Listing Date: 1994-07-10
Status: Closed
Remarks Misc
Geo Lat: 32.264406
Geo Lon: -110.938046
Property Features
Construction: Masonry Stucco
Main Cooling: Central Air
Sewer: Connected
Water: Public
Terms: Cash; Conventional; Exchange; Owner Carry
Sold Info: Financing
Listing Office: Coldwell Banker Realty
Last Updated: October - 26 - 2024
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