2333 E Glenn, Tucson, AZ 85719
$1,850,000
Property Type:
Multi-Family
Square Footage:
32,673
Lot Size (sq. ft.):
42
Status:
Closed
Current Price:
$1,850,000
List Date:
4/01/2014
Last Modified:
12/08/2024
Description
47 UNITS ON THE CAMPBELL CORRIDOR
LESS THAN A MILE FROM THE U OF A MEDICAL CAMPUS
UNIT MIX 12 1 BEDROOM 1 BATH, 489 SF UNITS
34 2 BEDROOM 1 BATH, 730 SF UNITS
THIS PROPERTY HAS NEW ROOFS, NEW PAINT., 100% OCCUPANCY AND THERE IS GREAT UPSIDE POTENTIAL IN THE RENTS
More Information MLS# 21409516
Address Information
Country: USA
Street #: 2333
Direction: E
Street Name: Glenn
State/Province: AZ
Zip Code: 85719
County: Pima
Location, Tax & Legal
Tax Year: 2013
Taxes: 22941
Assessments: 0
Legal Description: W160' of E490' of N290' of S330' of SE4 NW 4 1.06
Township: 13
Community: None
Range: 14
Section: 32
Municipality/Zoning: Tucson - R3
Fire Protection: Included in Taxes
Tax Code: 112-05-2790
Area: Central
Subdivision: Shaheen Estates
Contract Information
Distressed Info: None
Current Price: $1,850,000
Sold Price: $1,850,000
Listing Date: 2014-04-01
Status: Closed
Status Change Info
Off Market Date: 2014-04-17
Sold Price/SqFt: 56.62
Lot Sz Sold Prc/SqFt: 39.7
How Sold: Conventional
Pending Date: 2014-05-20
Sold Date: 2014-06-30
Sold Price: $1,850,000
Showing Information
Directions: S on Campbell E on Glenn to address
General Property Information
Lot Dimensions: 160' x 290'
Lot Acres: 1.06
Lot Sqft: 46600
Lot Size Source: Assessor
List Price/SqFt: 60.45
Lot Size Price/SqFt: 42.38
Combined SqFt: 32673
Year Built: 1963
Unit Info
Avg Mo Rent/Studios: 0
# of Units/1 BR: 12
Avg Mo Rent/1 BR: 439
# of Units/2 BR: 34
Avg Mo Rent/2 BR: 533
Avg Mo Rent/3 BR: 0
Avg Mo Rent/Other: 0
Income
Vacancy Loss: 17223
Other Income: 6374
Adjusted Gross: 269831
Total Expenses: 120480
Gross Scheduled Rent: 280680
Net Opp Income: 149351
Analysis
Gross Rent Multi: 6.86
Vacancy Rate %: 6.14
Exp/SqFt: 3.69
Exp % of Gross: 44.65
Cap Rate %: 8.07
Expenses
Admin Expenses: 0
Capital Expenses: 0
Contract Services: 16190
Figures Presented: Proforma
Gas/Electric: 6837
Insurance: 8438
Maintenance Supplies: 21586
Management: 16190
Resident Manager: 0
Taxes/Assessments: 21347
Water/Sewer: 18392
Other Expenses: 11500
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Central Air: 1
Evaporative Cooling: 1
Main Heating
Forced Air: 1
Natural Gas: 1
Interior Features
Interior Steps: No
Terms
Cash: 1
Conventional: 1
Security
None: 1
Property Disclosures
Flood Plain: 1
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Package Available: Yes
Remarks Misc
Geo Lat: 32.258118
Geo Lon: -110.936633
Property Features
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Security: None
Terms: Cash; Conventional
Property Disclosures: Flood Plain
Listing Office: Long Realty Company
Last Updated: December - 08 - 2024
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