2540 E Copper Street, Tucson, AZ 85716
$1,170,000
Property Type:
Commercial
Square Footage:
5,284
Lot Size (sq. ft.):
85
Status:
Closed
Current Price:
$1,170,000
List Date:
4/18/2023
Last Modified:
12/22/2024
Description
Introducing a fantastic investment opportunity - an 8 unit apartment complex! This property features a mix of 3 upgraded 2 bedroom 1 bathroom units and 5 cozy 1 bedroom 1 bathroom units, offering a range of options for potential tenants.
The complex is well-maintained and located in a desirable central area. Each unit boasts modern amenities and plenty of natural light, providing a comfortable living experience for tenants.This is the perfect opportunity for investors looking to expand their real estate portfolio or first-time investors looking to get started in the industry. Don't miss out on this incredible chance to own a profitable 8 unit apartment complex.
More Information MLS# 22308492
Address Information
Country: USA
Street #: 2540
Direction: E
Street Name: Copper
Suffix: Street
State/Province: AZ
Zip Code: 85716
County: Pima
Location, Tax & Legal
Tax Year: 2022
Taxes: 4410.81
Assessments: 0
Taxes For: Building & Land
Legal Description: From Parcel:112071710 /Grant Road Park No 2 N99' Lot 3 Blk 6
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
FEMA Flood Zone: TBD
Municipal Flood Zone: TBD
Tax Code: 112-07-1710
Area: Central
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $1,170,000
Sold Price: $1,170,000
Listing Date: 2023-04-18
Status: Closed
Status Change Info
Off Market Date: 2023-04-18
Sold Price/SqFt: 221.42
Lot Sz Sold Prc/SqFt: 83.24
Financing: Cash
Pending Date: 2023-04-18
Sold Date: 2023-05-03
Sold Price: $1,170,000
Showing Information
Directions: Grant/Tucson Blvd N To Copper, E To Address
General Property Information
Property Sub-Type: Apartment
Lot Dimensions: Irregular
Lot Acres: 0.53
Lot Sqft: 14056
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 227.1
Lot Size Price/SqFt: 85.37
Year Built: 1950
Combined SqFt: 5284
Income
Vacancy Loss: 5388
Other Income: 7380
Adjusted Gross: 109752
Gross Scheduled Rent: 107760
Net Opp Income: 79040
Analysis
Gross Rent Multi: 10.66
Vacancy Rate %: 5
Cap Rate %: 6.58
Expenses
Management: 8620
Water/Sewer: 5940
Other Expenses: 21539
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/1 BR: 5
# of Units/2 BR: 3
Sold Info
Seller Concessions: 0
Remarks Misc
Geo Lat: 32.253756
Geo Lon: -110.93413
Listing Office: Realty Executives Arizona Territory
Last Updated: December - 22 - 2024
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo.
All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.