2850 N Park Avenue, Tucson, AZ 85719
$1,350,000
Property Type:
Multi-Family
Square Footage:
14,197
Lot Size (sq. ft.):
17
Status:
Closed
Current Price:
$1,350,000
List Date:
10/15/2007
Last Modified:
10/26/2024
Description
Super Income Opportunity! 26 spacious 1-BD units in 7 single-story bldgs. 100% Occupied! Strong rental history. Low unit density (14 Units/Acre). Superb curb appeal. Each unit approx. 540s.f. equipped with screened evap. cooling, built-in dresser, refrig., cable hookup, kitchen pantry and rare private patio. Select units are equipped with ceiling fans. Albertson's, Ace, Casa Molina, Sauce, Beyond Bread, Pastiche, Chicago Pizza, & Rubios nearby.
More Information MLS# 20741905
Address Information
Country: USA
Street #: 2850
Direction: N
Street Name: Park
Suffix: Avenue
State/Province: AZ
Zip Code: 85719
County: Pima
Location, Tax & Legal
Tax Year: 2007
Taxes: 7341
Assessments: 0
Legal Description: To be provided by Title Company.
Township: 13
Community: None
Range: 14
Section: 31
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
Tax Code: 113-08-0540
Area: Central
Subdivision: Catalina Poultry Acres NO 1
Status Change Info
Off Market Date: 2008-02-06
Sold Price/SqFt: 95.09
Lot Sz Sold Prc/SqFt: 16.88
How Sold: Cash
Pending Date: 2007-10-26
Sold Date: 2008-02-06
Sold Price: $1,350,000
Showing Information
Directions: Park and Glenn, 1 Block N to address.
General Property Information
Lot Dimensions: 314.80 X 254.00
Lot Acres: 1.84
Lot Sqft: 79976
Lot Size Source: Assessor
List Price/SqFt: 98.26
Lot Size Price/SqFt: 17.44
Combined SqFt: 14197
Year Built: 1983
Unit Info
# of Units/1 BR: 26
Avg Mo Rent/1 BR: 455
Income
Vacancy Loss: 7098
Adjusted Gross: 134862
Total Expenses: 42060
Gross Scheduled Rent: 141960
Net Opp Income: 92802
Analysis
Gross Rent Multi: 10.34
Vacancy Rate %: 5
Exp/SqFt: 2.96
Exp % of Gross: 31.18
Cap Rate %: 6.65
Construction
Frame - Stucco: 1
Expenses
Contract Services: 4096
Gas/Electric: 1366
Insurance: 2404
Maintenance Supplies: 6763
Management: 9440
Taxes/Assessments: 7341
Water/Sewer: 3500
Other Expenses: 7150
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Central Air: 1
Evaporative Cooling: 1
Main Heating
Baseboard: 1
Interior Features
Interior Steps: No
Terms
Cash: 1
Conventional: 1
Owner Carry: 1
Submit: 1
Security
None: 1
Sold Info
Financing: 1
Property Disclosures
Lead Based Paint: 1
Unknown: 1
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Package Available: Yes
Contract Information
Current Price: $1,350,000
Sold Price: $1,350,000
Listing Date: 2007-10-15
Status: Closed
Remarks Misc
Geo Lat: 32.259155
Geo Lon: -110.956253
Property Features
Construction: Frame - Stucco
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Baseboard
Sewer: Connected
Water: Public
Security: None
Terms: Cash; Conventional; Owner Carry; Submit
Property Disclosures: Lead Based Paint; Unknown
Sold Info: Financing
Documents
Lead Paint Discl ›Listing Office: Buette DeRousseCommercial R.E.
Last Updated: October - 26 - 2024
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