5570 E Hampton Street, Tucson, AZ 85712
$2,610,000
Property Type:
Commercial
Square Footage:
28,812
Lot Size (sq. ft.):
47
Status:
Closed
Current Price:
$2,610,000
List Date:
5/31/2019
Last Modified:
12/11/2024
Description
41 unit apartment complex that is fully leased. 1 studio, 8 1 beedrooms, 8 2 bedroom 1 bath, 16 2 bedroom/2bath. 1 bedroom is 600 square feet. 2 bedroom units are over 800 square feet. 37 units have tile floors. All toilets were replaced in 2016 with low flow dual flush toilets. Participant in TEP Multi Family Housing Program. Every unit has low flow shower heads, low flow aerators, led light bulbs. Rents are higher than neighboring properties but there is still room to raise rents $25 to $50. Tenants currently pay for water as a separate charge with their rent. Many long term tenants. Do not Disturb tenants. List owner is related to seller.
More Information MLS# 21901658
Address Information
Country: USA
Street #: 5570
Direction: E
Street Name: Hampton
Suffix: Street
State/Province: AZ
Zip Code: 85712
County: Pima
Location, Tax & Legal
Tax Year: 2017
Taxes: 20091.45
Assessments: 0
Legal Description: NORTHEAST CENTER RESUBDIVISION NO 2
BLK E E20' LOT 1 & W260' LOT 2
Development Name: NORTHEAST CENTER RESUBDIVISION NO 2 BLK E E20' LOT
Municipality/Zoning: Tucson - O3
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Tax Code: 121-05-019B
Area: Central
Contract Information
Short Sale: No
Current Price: $2,610,000
Sold Price: $2,610,000
Listing Date: 2019-01-17
Status: Closed
Status Change Info
Off Market Date: 2019-07-19
Sold Price/SqFt: 90.59
Lot Sz Sold Prc/SqFt: 44.39
Financing: Conventional
Pending Date: 2019-09-09
Sold Date: 2019-09-13
Sold Price: $2,610,000
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 41
Lot Dimensions: unknown
Lot Acres: 1.35
Lot Sqft: 58800
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 97.18
Lot Size Price/SqFt: 47.62
Year Built: 1972
Combined SqFt: 28812
Electric
Electric Company: TEP
Income
Other Income: 2527
Gross Scheduled Rent: 285396
Gas
Natural: 1
Construction
Concrete Block: 1
Expenses
Captial Expenses: 6703
Contract Services: 7100
Gas/Electric: 3500
Insurance: 4745
Taxes/Assessments: 19775
Water/Sewer: 22038
Sewer
Connected: 1
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/Studios: 1
Avg Mo Rent/Studios: 550
# of Units/1 BR: 16
Avg Mo Rent/1 BR: 475
# of Units/2 BR: 24
Avg Mo Rent/2 BR: 675
Roof
Built-Up: 1
Water
Public: 1
Property Features
Smoke Detector: 1
Fence
Wrought Iron: 1
Space Information
Ceiling Height: 8ft
Door Width: 3ft
Road Type
Paved: 1
Lot Features
Adjacent to Alley: 1
Main Cooling
Central Air: 1
Gas: 1
Main Heating
Gas Pac: 1
Water Heater
Electric: 1
Terms
Cash: 1
Conventional: 1
Exchange: 1
Submit: 1
Submit With Offer
Lender Pre-Approval: 1
Loan Status: 1
Proof of Funds: 1
Written Lender Approval: 1
Green Features
Dual-Flush Toilets: 1
Low Flow Faucets: 1
Low Flow Showerheads: 1
Water Sense Shower Head: 1
Sold Info
Seller Concessions: 0
Landscape - Front
Decorative Gravel: 1
Low Care: 1
Landscape - Rear
Low Care: 1
Parking
Free: 1
Public Parking: 1
Freeway/Highway
Over 5.1 Miles: 1
Possession
Negotiable: 1
Property Disclosures
Lead Based Paint: 1
Remarks Misc
Geo Lat: 32.247342
Geo Lon: -110.873116
Analysis
Cap Rate %: 9.8
Property Features
Property Features: Smoke Detector
Construction: Concrete Block
Roof: Built-Up
Main Cooling: Central Air; Gas
Main Heating: Gas Pac
Water Heater: Electric
Gas: Natural
Sewer: Connected
Water: Public
Green Features: Dual-Flush Toilets; Low Flow Faucets; Low Flow Showerheads; Water Sense Shower Head
Fence: Wrought Iron
Landscape - Front: Decorative Gravel; Low Care
Landscape - Rear: Low Care
Road Type: Paved
Parking: Free; Public Parking
Lot Features: Adjacent to Alley
Terms: Cash; Conventional; Exchange; Submit
Possession: Negotiable
Submit With Offer: Lender Pre-Approval; Loan Status; Proof of Funds; Written Lender Approval
Property Disclosures: Lead Based Paint
Listing Office: 520 Realty LLC
Last Updated: December - 11 - 2024
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