315 - 335 N Park Avenue, Tucson, AZ 85719
$1,300,000
Property Type:
Multi-Family
Square Footage:
6,087
Lot Size (sq. ft.):
35
Status:
Closed
Current Price:
$1,300,000
List Date:
3/28/2017
Last Modified:
12/09/2024
Description
RARE FIND.....Special opportunity for redevelopment of R2 zoned property 1 block from the University of Arizona. Assemblage of 8 parcels, almost 1 acre, with some existing rental units. UofA's growth plan already includes 6th Street, so someday this property could be less than one block from campus. One of the Members of the Seller is licensed to sell real estate in Arizona.
More Information MLS# 21708476
Address Information
Country: USA
Street #: 315 - 335
Direction: N
Street Name: Park
Suffix: Avenue
State/Province: AZ
Zip Code: 85719
County: Pima
Location, Tax & Legal
Comparable Only Listing: No
Tax Year: 2016
Taxes: 9530
Assessments: 0
Taxes For: Dwelling & Land
Legal Description: Mulitiple legals, full legal available upon request.
Township: 14
Community: None
Range: 14
Section: 7
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
FEMA Flood Zone: TBD
Municipal Flood Zone: Yes
Tax Code: Multiple#
Area: Central
Subdivision: Buells
Contract Information
Method of Title: Fee (Simple)
Distressed Info: None
Current Price: $1,300,000
Sold Price: $1,300,000
Listing Date: 2017-03-28
Status: Closed
Status Change Info
Off Market Date: 2017-08-29
Sold Price/SqFt: 213.57
Lot Sz Sold Prc/SqFt: 30.45
How Sold: Conventional
Pending Date: 2017-09-16
Sold Date: 2017-09-29
Sold Price: $1,300,000
Showing Information
Directions: From Euclid and 6th. East to Park Ave. South to Addresses on west side of Park Ave.
General Property Information
Attached/Detached: Detached
Construction Status: Existing
Lot Dimensions: Irregular
Lot Acres: 0.98
Total Parking: 0
Lot Sqft: 42688
Lot Size Source: Assessor
Horse Property: No
School District: TUSD
Elementary School: Blenman
Middle School: Doolen
High School: Tucson
Horse Facilities: No
List Price/SqFt: 246.43
Lot Size Price/SqFt: 35.14
Combined SqFt: 6087
Year Built: 1925
Unit Info
# of Units/Studios: 2
Avg Mo Rent/Studios: 312
# of Units/1 BR: 4
Avg Mo Rent/1 BR: 784
Avg Mo Rent/2 BR: 0
Avg Mo Rent/3 BR: 0
Avg Mo Rent/Other: 0
Electric
Electric Company: TEP
Unit 1 Information
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Income
Vacancy Loss: 0
Other Income: 0
Adjusted Gross: 45120
Total Expenses: 21842
Gross Scheduled Rent: 45120
Net Opp Income: 23278
Gas
Natural: 1
Analysis
Gross Rent Multi: 28.81
Vacancy Rate %: 0
Exp/SqFt: 3.59
Exp % of Gross: 48.41
Cap Rate %: 1.79
Construction
Other: 1
Expenses
Admin Expenses: 500
Capital Expenses: 1500
Contract Services: 1250
Figures Presented: Proforma
Gas/Electric: 0
Insurance: 2750
Maintenance Supplies: 1500
Management: 4512
Resident Manager: 0
Taxes/Assessments: 9530
Water/Sewer: 0
Other Expenses: 300
Style
Ranch: 1
Sewer
Connected: 1
Roof
Rolled: 1
Water
Public: 1
Living Areas
Family Room: 1
Dining Areas
Breakfast Bar: 1
Fence
Chain Link: 1
Dining Room
None: 1
View
City: 1
Sunset: 1
Breakfast
Area: 1
Road Type
Dirt: 1
Gravel: 1
Kitchen Features
Breakfast Nook: 1
Dishwasher: 1
Road Maintenance
City: 1
Lot Features
Adjacent to Alley: 1
Main Cooling
Central Air: 1
Wall Unit(s): 1
Laundry
None: 1
Neighborhood Features
None: 1
Main Heating
Baseboard: 1
Forced Air: 1
Natural Gas: 1
Extra Room
Arizona Room: 1
Water Heater
Natural Gas: 1
Association & Fees
HOA: No
Interior Features
Storage: 1
Bathroom Features
Shower Only/Primary: 1
Shower Only/Hall: 1
Terms
Cash: 1
Conventional: 1
Exchange: 1
Floor Covering
Carpet: 1
Vinyl: 1
Submit With Offer
Digital Signatures: Yes
Window Covering
Stay: 1
Accessibility Option
Door Levers: 1
Technology
Cable TV: 1
Security
Window Bars: 1
Sold Info
Seller Concessions: 0
Landscape - Front
Low Care: 1
Landscape - Rear
Low Care: 1
Patio/Deck
None: 1
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Landscaping: Owner
Pool/Spa Maintenance: Tenant
Sewer: Tenant
Taxes: Owner
Trash: Tenant
Water: Owner
Pool
None: 1
Property Disclosures
Unknown: 1
Spa
None: 1
Special Conditions
None: 1
Driveway
None: 1
RV Parking
Other: NONE
Exterior Feature
Shed(s): 1
Subdivision Restrict
Age Restrictions: No
CC&Rs: Yes
Deed Restrictions: Yes
Assoc Amenities
None: 1
Home Protection
Offered: No
Miscellaneous
Package Available: Yes
Remarks Misc
Geo Lat: 32.225434
Geo Lon: -110.956715
Property Features
Construction: Other
Style: Ranch
Roof: Rolled
Living Areas: Family Room
Dining Areas: Breakfast Bar
Dining Room: None
Breakfast: Area
Kitchen Features: Breakfast Nook; Dishwasher
Bathroom Features: Shower Only/Primary; Shower Only/Hall
Laundry: None
Extra Room: Arizona Room
Interior Features: Storage
Floor Covering: Carpet; Vinyl
Window Covering: Stay
Technology: Cable TV
Main Cooling: Central Air; Wall Unit(s)
Main Heating: Baseboard; Forced Air; Natural Gas
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: Door Levers
Security: Window Bars
Pool: None
Spa: None
Fence: Chain Link
Landscape - Front: Low Care
Landscape - Rear: Low Care
View: Sunset
Road Type: Dirt; Gravel
Driveway: None
Exterior Feature: Shed(s)
Lot Features: Adjacent to Alley
Neighborhood Features: None
Assoc Amenities: None
Terms: Cash; Conventional; Exchange
Property Disclosures: Unknown
Special Conditions: None
Listing Office: Tucson Integrity Realty, LLC
Last Updated: December - 09 - 2024
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