4240 E Lee Street, Tucson, AZ 85712
$1,100,000
Property Type:
Multi-Family
Square Footage:
1,392
Lot Size (sq. ft.):
15
Status:
Closed
Current Price:
$1,100,000
List Date:
4/17/2007
Last Modified:
10/26/2024
Description
8.8 cap rate 41 space mobile home park with laundry, 1BR/1BA and 2BR/1BA home on SWC Columbus & Lee just off Grant. No park owned trailers. All individually metered for electric, water & gas collection with rent. $29,852 untility reimbursement & $3,448 laundry income 2006. 5% vacancy and 4% R&M allowance for $45,066 expenses. Great rental income property. Please do not disturb tenants. E-mail at recampbell@ccim.net.
More Information MLS# 20716391
Address Information
Country: USA
Street #: 4240
Direction: E
Street Name: Lee
Suffix: Street
State/Province: AZ
Zip Code: 85712
County: Pima
Location, Tax & Legal
Tax Year: 2006
Taxes: 4372
Assessments: 0
Legal Description: Speedway no 1 lots 9 & 10 block 9.
Township: 14
Community: None
Range: 14
Section: 3
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
Tax Code: 122-13-153A
Area: Central
Subdivision: Unsubdivided
Status Change Info
Off Market Date: 2007-07-18
Sold Price/SqFt: 790.22
Lot Sz Sold Prc/SqFt: 15.3
How Sold: Cash
Pending Date: 2007-06-12
Sold Date: 2007-07-18
Sold Price: $1,100,000
Showing Information
Directions: North on Columbus from Speedway or south on Columbus from Grant. Southeast corner of Columbus and Lee. Casa Dulce Moble Park.
General Property Information
Lot Dimensions: 240x300x240x300
Lot Acres: 1.65
Lot Sqft: 71874
Lot Size Source: Assessor
List Price/SqFt: 808.19
Lot Size Price/SqFt: 15.65
Combined SqFt: 1392
Year Built: 1956
Unit Info
# of Units/1 BR: 1
Avg Mo Rent/1 BR: 320
# of Units/2 BR: 1
Avg Mo Rent/2 BR: 600
# of Units/Other: 41
Avg Mo Rent/Other: 218
Income
Vacancy Loss: 7417
Other Income: 33300
Adjusted Gross: 144383
Total Expenses: 45066
Gross Scheduled Rent: 118500
Net Opp Income: 99317
Analysis
Gross Rent Multi: 7.79
Vacancy Rate %: 6.25
Exp/SqFt: 32.37
Exp % of Gross: 31.21
Cap Rate %: 8.82
Construction
Slump Block: 1
Expenses
Gas/Electric: 17081
Insurance: 2090
Maintenance Supplies: 4503
Management: 5925
Taxes/Assessments: 4372
Water/Sewer: 11020
Other Expenses: 75
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: Yes
Terms
Cash: 1
Conventional: 1
Exchange: 1
Sold Info
Financing: 1
Property Disclosures
Lead Based Paint: 1
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: No
Package Available: Yes
Contract Information
Current Price: $1,100,000
Sold Price: $1,100,000
Listing Date: 2007-04-17
Status: Closed
Remarks Misc
Geo Lat: 32.241132
Geo Lon: -110.901688
Property Features
Construction: Slump Block
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Terms: Cash; Conventional; Exchange
Property Disclosures: Lead Based Paint
Sold Info: Financing
Documents
Lead Paint Discl ›Listing Office: Long Realty
Last Updated: October - 26 - 2024
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