4001 E Monte Vista Drive, Tucson, AZ 85712
$1,175,000
Property Type:
Multi-Family
Square Footage:
14,080
Lot Size (sq. ft.):
47
Status:
Closed
Current Price:
$1,175,000
List Date:
9/15/2017
Last Modified:
12/09/2024
Description
This property is now open for bid with a bid deadline of October 16th. The list price is no way reflective of what the seller may be willing to accept and will consider all offers.
32 unit multi-family ripe with potential.
Convert 16 units into full one bedroom units, lease up to stabilization at market rates and purchase at an expected 11% cap rate based on resulting income and expenses central strong rental market location.
More Information MLS# 21700516
Address Information
Country: USA
Street #: 4001
Direction: E
Street Name: Monte Vista
Suffix: Drive
State/Province: AZ
Zip Code: 85712
County: Pima
Location, Tax & Legal
Comparable Only Listing: No
Tax Year: 2016
Taxes: 10308.95
Assessments: 11006080
Taxes For: Dwelling & Land
Legal Description: 110-06-080A
Township: 13
Community: None
Range: 14
Section: 34
Municipality/Zoning: Pima County - R3
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Tax Code: 110-06-080A
Area: Central
Subdivision: N/A
Contract Information
Method of Title: Fee (Simple)
Distressed Info: None
Current Price: $1,175,000
Sold Price: $1,175,000
Listing Date: 2017-01-05
Status: Closed
Status Change Info
Off Market Date: 2017-10-10
Sold Price/SqFt: 83.45
Lot Sz Sold Prc/SqFt: 27.98
How Sold: Cash
Pending Date: 2017-11-08
Sold Date: 2017-11-09
Sold Price: $1,175,000
Showing Information
Directions: from downtown east on Broadway, north (left) on Alvernon then east (right) on Monte Vista to address (property on left)
General Property Information
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: rectangle
Lot Acres: 0.96
Total Parking: 0
Lot Sqft: 42000
Lot Size Source: Assessor
Horse Property: No
School District: Other
Elementary School: Other
Middle School: Other
High School: Other
Horse Facilities: No
List Price/SqFt: 142.05
Lot Size Price/SqFt: 47.62
Combined SqFt: 14080
Year Built: 1978
Unit Info
Avg Mo Rent/Studios: 0
# of Units/1 BR: 32
Avg Mo Rent/1 BR: 450
Avg Mo Rent/2 BR: 0
Avg Mo Rent/3 BR: 0
Avg Mo Rent/Other: 0
Electric
Electric Company: TEP
Unit 1 Information
Monthly Rent: 395
# Full Baths: 1
SqFt: 425
Occupancy: Yes
Stories: Two
Floor: 1st
Furnished: No
Parking: On Property
Income
Vacancy Loss: 8112
Other Income: 3063
Adjusted Gross: 157191
Total Expenses: 30354
Gross Scheduled Rent: 162240
Net Opp Income: 126837
Gas
Natural: 1
Analysis
Gross Rent Multi: 7.47
Vacancy Rate %: 5
Exp/SqFt: 2.16
Exp % of Gross: 19.31
Cap Rate %: 10.79
Construction
Frame: 1
Frame - Stucco: 1
Expenses
Admin Expenses: 2373
Capital Expenses: 0
Contract Services: 0
Figures Presented: Proforma
Gas/Electric: 1800
Insurance: 4813
Maintenance Supplies: 500
Management: 0
Resident Manager: 0
Taxes/Assessments: 9964
Water/Sewer: 10904
Other Expenses: 0
Style
Contemporary: 1
Sewer
Connected: 1
Roof
Shingle: 1
Water
Public: 1
Living Areas
Living Room: 1
Dining Areas
Eat-In Kitchen: 1
Fence
Block: 1
Chain Link: 1
Wrought Iron: 1
Dining Room
None: 1
View
Residential: 1
Breakfast
None: 1
Road Type
Paved: 1
Kitchen Features
Electric Range: 1
Prep Sink: 1
Refrigerator: 1
Road Maintenance
City: 1
Lot Features
Adjacent to Alley: 1
Main Cooling
Central Air: 1
Laundry
Facility: 1
Neighborhood Features
Paved Street: 1
Pool: 1
Main Heating
Electric: 1
Forced Air: 1
Extra Room
None: 1
Water Heater
Electric: 1
Association & Fees
HOA: No
Interior Features
Ceiling Fan(s): 1
Smoke Detector: 1
Walk-In Closet(s): 1
Bathroom Features
Shower & Tub/Hall: 1
Terms
Cash: 1
Conventional: 1
Exchange: 1
Submit: 1
Floor Covering
Carpet: 1
Vinyl: 1
Submit With Offer
Proof of Funds: 1
Window Covering
Some: 1
Accessibility Option
Wide Doorways: 1
Technology
High Speed Internet: 1
Security
None: 1
Sold Info
Seller Concessions: 0
Landscape - Front
Grass: 1
Landscape - Rear
Grass: 1
Shrubs: 1
Sprinkler/Drip: 1
Trees: 1
Patio/Deck
Deck: 1
Ramada: 1
Utilities Paid
Cable TV: Tenant
Electric: Owner
Gas: Owner
Insurance: Owner
Sewer: Owner
Taxes: Owner
Trash: Owner
Water: Owner
Pool
Community: 1
Property Disclosures
Public Report: 1
Unknown: 1
Spa
None: 1
Special Conditions
Public Report: 1
Driveway
Paved: Asphalt
RV Parking
Space Available: 1
Exterior Feature
Built-in Barbecue: 1
Courtyard: 1
Subdivision Restrict
Age Restrictions: No
CC&Rs: No
Deed Restrictions: No
Home Protection
Offered: No
Remarks Misc
Geo Lat: 32.260171
Geo Lon: -110.907627
Property Features
Construction: Frame; Frame - Stucco
Style: Contemporary
Roof: Shingle
Living Areas: Living Room
Dining Areas: Eat-In Kitchen
Dining Room: None
Breakfast: None
Kitchen Features: Electric Range; Prep Sink; Refrigerator
Bathroom Features: Shower & Tub/Hall
Laundry: Facility
Extra Room: None
Interior Features: Ceiling Fan(s); Smoke Detector; Walk-In Closet(s)
Floor Covering: Carpet; Vinyl
Window Covering: Some
Technology: High Speed Internet
Main Cooling: Central Air
Main Heating: Electric; Forced Air
Water Heater: Electric
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: Wide Doorways
Security: None
Pool: Community
Spa: None
Fence: Block; Chain Link; Wrought Iron
Landscape - Front: Grass
Landscape - Rear: Grass; Shrubs; Sprinkler/Drip; Trees
View: Residential
Road Type: Paved
RV Parking: Space Available
Exterior Feature: Built-in Barbecue; Courtyard
Lot Features: Adjacent to Alley
Neighborhood Features: Paved Street; Pool
Terms: Cash; Conventional; Exchange; Submit
Submit With Offer: Proof of Funds
Property Disclosures: Public Report; Unknown
Special Conditions: Public Report
Documents
Rent Roll ›Listing Office: Equilibrium Realty
Last Updated: December - 09 - 2024
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