4957 S Park Avenue, Tucson, AZ 85706
$1,315,000
Property Type:
Commercial
Square Footage:
9,174
Lot Size (sq. ft.):
56
Status:
Closed
Current Price:
$1,315,000
List Date:
2/10/2023
Last Modified:
12/20/2024
Description
Tucson has low vacancies, high rent growth, and high population growth with many industries moving jobs to the area. Two story 3 four plexes - total of 12 units. This listing includes also 4959 S Park Ave APN 140180380 and 4961 S Park Ave APN 140180370.
All units have been remodeled with laminate counter tops and white kitchen cabinets. Recently painted exterior. Recently installed security cameras. Private off street parking. Low to no vacancies.
More Information MLS# 22229380
Address Information
Country: USA
Street #: 4957
Direction: S
Street Name: Park
Suffix: Avenue
State/Province: AZ
Zip Code: 85706
County: Pima
Location, Tax & Legal
Tax Year: 2021
Taxes: 3303
Assessments: 0
Legal Description: From Parcel:139160390 /Irvington Park Lot 26 Blk 2
Municipality/Zoning: Tucson - C2
Fire Protection: Included in Taxes
Tax Code: 140-18-0390
Area: South
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $1,315,000
Sold Price: $1,315,000
Listing Date: 2022-11-18
Status: Closed
Status Change Info
Off Market Date: 2023-02-21
Sold Price/SqFt: 143.34
Lot Sz Sold Prc/SqFt: 51.44
Financing: Cash
Pending Date: 2023-02-21
Sold Date: 2023-03-15
Sold Price: $1,315,000
Showing Information
Directions: From Park Ave and Irvington Rd, S on Park Ave to four plexes on E side of street
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 12
Lot Dimensions: 130 x 67
Lot Acres: 0.58
Lot Sqft: 25566
Multi-Tenant: Yes
Lot Size Source: Owner
Source of SqFt: Owner
List Price/SqFt: 158.06
Lot Size Price/SqFt: 56.72
Year Built: 1985
Combined SqFt: 9174
Electric
Electric Company: Tucson
Income
Vacancy Loss: 5
Other Income: 0
Adjusted Gross: 128947
Gross Scheduled Rent: 128952
Net Opp Income: 85204.24
Analysis
Gross Rent Multi: 10.2
Vacancy Rate %: 0
Construction
Stucco Finish: 1
Expenses
Insurance: 2296
Maintenance Supplies: 10785
Management: 10316.16
Taxes/Assessments: 3303
Other Expenses: 10600
Sewer
Connected: 1
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/2 BR: 12
Avg Mo Rent/2 BR: 895.5
Roof
Built-Up: 1
Water
Public: 1
Property Features
Smoke Detector: 1
Fence
None: 1
Road Type
Paved: 1
Lot Features
East/West Exposure: 1
Main Cooling
Central Air: 1
Main Heating
Electric: 1
Water Heater
Electric: 1
Terms
Cash: 1
Owner Carry: 1
Submit With Offer
Lender Pre-Approval: 1
Loan Pre-Qualifiaction: 1
Proof of Funds: 1
Security
Closed Circuit Camera(s): 1
Sold Info
Seller Concessions: 0
Landscape - Front
Decorative Gravel: 1
Landscape - Rear
Decorative Gravel: 1
Parking
Private Parking: 1
Business Location
Free Standing Bldg: 1
Possession
Recording: 1
Property Disclosures
Seller Prop Disclosure: 1
Special Conditions
None: 1
Remarks Misc
Geo Lat: 32.161797
Geo Lon: -110.955808
Property Features
Property Features: Smoke Detector
Construction: Stucco Finish
Roof: Built-Up
Main Cooling: Central Air
Main Heating: Electric
Water Heater: Electric
Sewer: Connected
Water: Public
Security: Closed Circuit Camera(s)
Fence: None
Landscape - Front: Decorative Gravel
Landscape - Rear: Decorative Gravel
Road Type: Paved
Parking: Private Parking
Lot Features: East/West Exposure
Business Location: Free Standing Bldg
Terms: Cash; Owner Carry
Possession: Recording
Submit With Offer: Lender Pre-Approval; Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures: Seller Prop Disclosure
Special Conditions: None
Listing Office: RCP Real Estate LLC
Last Updated: December - 20 - 2024
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