50 N Mountain Avenue, Tucson, AZ 85719
$2,850,000
Property Type:
Multi-Family
Square Footage:
9,598
Lot Size (sq. ft.):
152
Status:
Closed
Current Price:
$2,850,000
List Date:
1/16/2018
Last Modified:
12/10/2024
Description
Rare opportunity to purchase newer construction within 3 blocks of UofA around a 8.8% Cap rate! This newer building integrates metal roofing with block and stucco finishes for a really neat modern look that the students love. 4-plex, with 8bds/3.5bths per unit. Large units with huge common areas, all tile throughout, hardwood cabinets, corian counters, and ample appliances. Floorplan designed by and for students. Pool, Large Parking lot, basketball hoops, and fully enclosed yard and common area.Fully leased through July 2018. Full package available.
More Information MLS# 21801663
Address Information
Country: USA
Street #: 50
Direction: N
Street Name: Mountain
Suffix: Avenue
State/Province: AZ
Zip Code: 85719
County: Pima
Location, Tax & Legal
Comparable Only Listing: No
Tax Year: 2017
Taxes: 15711
Assessments: 0
Taxes For: Dwelling & Land
Legal Description: DRAKES LOTS 1 2 3 4 & 5 BLK 27
Township: 14
Community: None
Range: 14
Section: 7
Municipality/Zoning: Tucson - R3
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Tax Code: 124-08-2240
Area: Central
Subdivision: Drakes Resub
Contract Information
Method of Title: Fee (Simple)
Distressed Info: None
Current Price: $2,850,000
Sold Price: $2,850,000
Listing Date: 2018-01-16
Status: Closed
Status Change Info
Off Market Date: 2018-01-18
Sold Price/SqFt: 296.94
Lot Sz Sold Prc/SqFt: 152.15
How Sold: Conventional
Pending Date: 2018-02-12
Sold Date: 2018-03-05
Sold Price: $2,850,000
Showing Information
Directions: From Broadway and Campbell. North to 10th Street. West to Mountain Ave. On Southeast corner of 10th street and Mountain.
General Property Information
Dwelling Type: Quadruplex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: Unknown
Lot Acres: 0.43
Total Parking: 14
Lot Sqft: 18731
Lot Size Source: Assessor
Horse Property: No
School District: TUSD
Elementary School: Cragin
Middle School: Mansfeld
High School: Tucson
Horse Facilities: No
List Price/SqFt: 296.94
Lot Size Price/SqFt: 152.15
Combined SqFt: 9598
Year Built: 2015
Electric
Electric Company: TEP
Unit 1 Information
Monthly Rent: 6800
# Beds: 8
# Full Baths: 3
# Half Baths: 1
SqFt: 2398
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Income
Vacancy Loss: 0
Other Income: 7228
Adjusted Gross: 333628
Total Expenses: 82263
Gross Scheduled Rent: 326400
Net Opp Income: 251365
Gas
None: 1
Unit 2 Information
Monthly Rent: 6800
# Beds: 8
# Full Baths: 3
# Half Baths: 1
SqFt: 2399
Occupancy: Yes
Stories: Multi
Floor: 2nd
Furnished: No
Parking: On Property
Analysis
Gross Rent Multi: 8.54
Vacancy Rate %: 0
Exp/SqFt: 8.57
Exp % of Gross: 24.66
Cap Rate %: 8.82
Construction
Concrete Block: 1
Frame - Stucco: 1
Metal: 1
Unit 3 Information
Monthly Rent: 6800
# Beds: 8
# Full Baths: 3
# Half Baths: 1
SqFt: 2398
Occupancy: Yes
Stories: Single
Furnished: No
Parking: On Property
Expenses
Admin Expenses: 698
Capital Expenses: 2500
Contract Services: 2450
Figures Presented: Actual
Gas/Electric: 0
Insurance: 2424
Maintenance Supplies: 25117
Management: 33363
Resident Manager: 0
Taxes/Assessments: 15711
Water/Sewer: 0
Other Expenses: 0
Style
Contemporary: 1
Sewer
Connected: 1
Unit 4 Information
Monthly Rent: 6800
# Beds: 8
# Full Baths: 3
# Half Baths: 1
SqFt: 2394
Occupancy: Yes
Stories: Multi
Floor: 2nd
Furnished: No
Parking: On Property
Roof
Metal: 1
Water
Public: 1
Living Areas
Great Room: 1
Dining Areas
Breakfast Bar: 1
Fence
Block: 1
Wrought Iron: 1
Dining Room
Area: 1
View
City: 1
Mountain(s): 1
Residential: 1
Sunset: 1
Breakfast
Bar: 1
Road Type
Paved: 1
Kitchen Features
Breakfast Bar: 1
Countertops: Corian
Electric Range: 1
Appliance Color: Black
Microwave: Double Microwave
Oven: Conventional
Dishwasher: 1
Disposal: 1
Refrigerator: 1
Road Maintenance
City: 1
Lot Features
Adjacent to Alley: 1
North/South Exposure: 1
Main Cooling
Zoned: 1
Laundry
In Bathroom: 1
Laundry Room: 1
Neighborhood Features
None: 1
Main Heating
Electric: 1
Zoned: 1
Extra Room
None: 1
Water Heater
Electric: 1
Association & Fees
HOA: No
Interior Features
Ceiling Fan(s): 1
Fire Sprinkler System: 1
Vaulted Ceiling(s): 1
Bathroom Features
Shower Only/Primary: 1
Shower Only/Hall: 1
Countertops/Primary: cultured marble
Countertops/Hall: cultered marble
Terms
Cash: 1
Conventional: 1
Floor Covering
Ceramic Tile: 1
Submit With Offer
Digital Signatures: Yes
Loan Pre-Qualifiaction: 1
Proof of Funds: 1
Seller Title Company: Title Security
Window Covering
Stay: 1
Accessibility Option
Door Levers: 1
Entry: 1
Ramped Main Level: 1
Roll-In Shower: 1
Wide Doorways: 1
Wide Hallways: 1
Window Features
Double Pane Windows: 1
Garden Window(s): 1
Low-Emissivity Windows: 1
Technology
Ceiling Speakers: 1
High Speed Internet: 1
Security
Security Lights: 1
Window Bars: 1
Sold Info
Seller Concessions: 96000
Landscape - Front
Decorative Gravel: 1
Low Care: 1
Landscape - Rear
Decorative Gravel: 1
Low Care: 1
Shrubs: 1
Trees: 1
Patio/Deck
Balcony: 1
Covered: 1
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Tenant
Landscaping: Owner
Sewer: Tenant
Taxes: Owner
Trash: Tenant
Water: Tenant
Pool
Community: 1
Property Disclosures
None: 1
Spa
None: 1
Special Conditions
None: 1
Driveway
Paved: Asphalt
RV Parking
Other: None
Exterior Feature
Courtyard: 1
Subdivision Restrict
Age Restrictions: No
CC&Rs: Yes
Deed Restrictions: Yes
Home Protection
Offered: No
Remarks Misc
Geo Lat: 32.222223
Geo Lon: -110.952119
Property Features
Construction: Concrete Block; Frame - Stucco; Metal
Style: Contemporary
Roof: Metal
Living Areas: Great Room
Dining Areas: Breakfast Bar
Dining Room: Area
Breakfast: Bar
Kitchen Features: Breakfast Bar; Electric Range; Dishwasher; Disposal; Refrigerator
Bathroom Features: Shower Only/Primary; Shower Only/Hall
Laundry: In Bathroom; Laundry Room
Extra Room: None
Interior Features: Ceiling Fan(s); Fire Sprinkler System; Vaulted Ceiling(s)
Floor Covering: Ceramic Tile
Window Covering: Stay
Window Features: Double Pane Windows; Garden Window(s); Low-Emissivity Windows
Technology: Ceiling Speakers; High Speed Internet
Main Cooling: Zoned
Main Heating: Electric; Zoned
Water Heater: Electric
Gas: None
Sewer: Connected
Water: Public
Accessibility Option: Door Levers; Entry; Ramped Main Level; Roll-In Shower; Wide Doorways; Wide Hallways
Security: Security Lights; Window Bars
Pool: Community
Spa: None
Fence: Block; Wrought Iron
Landscape - Front: Decorative Gravel; Low Care
Landscape - Rear: Decorative Gravel; Low Care; Shrubs; Trees
View: Residential; Mountain(s); Sunset
Road Type: Paved
Exterior Feature: Courtyard
Lot Features: Adjacent to Alley; North/South Exposure
Neighborhood Features: None
Terms: Cash; Conventional
Submit With Offer: Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures: None
Special Conditions: None
Listing Office: Tucson Integrity Realty, LLC
Last Updated: December - 10 - 2024
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