701 E Adams Street, Tucson, AZ 85719
$2,330,000
Property Type:
Commercial
Square Footage:
10,174
Lot Size (sq. ft.):
127
Status:
Closed
Current Price:
$2,330,000
List Date:
6/21/2024
Last Modified:
12/25/2024
Description
6, 3 bed 3 bath units- Student housing
More Information MLS# 22415606
Address Information
Country: USA
Street #: 701
Direction: E
Street Name: Adams
Suffix: Street
State/Province: AZ
Zip Code: 85719
County: Pima
Location, Tax & Legal
Tax Year: 2023
Taxes: 7228.09
Assessments: 77415
Taxes For: Building & Land
Legal Description: /University Home S157.5' W116.7' Blk 9 Exc Spndrl
Municipality/Zoning: Tucson - 03
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Tax Code: 123-15-102B
Area: Central
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $2,330,000
Sold Price: $2,330,000
Listing Date: 2024-06-10
Status: Closed
Status Change Info
Off Market Date: 2024-06-21
Sold Price/SqFt: 229.02
Lot Sz Sold Prc/SqFt: 127.36
Financing: Conventional
Pending Date: 2024-06-19
Sold Date: 2024-06-21
Sold Price: $2,330,000
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 6
Lot Dimensions: 114x171
Lot Acres: 0.42
Total Parking: 12
Lot Sqft: 18295
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
Leasable SqFt: 10174
List Price/SqFt: 229.02
Lot Size Price/SqFt: 127.36
Year Built: 2014
Combined SqFt: 10174
Electric
Electric Company: TEP
Analysis
Vacancy Rate %: 0
Cap Rate %: 5.5
Construction
Stucco Finish: 1
Expenses
Figures Presented: Actual
Insurance: 2250
Maintenance Supplies: 26758
Management: 17280
Taxes/Assessments: 7228
Water/Sewer: 0
Other Expenses: 1250
Unit Information
Apartment: Mid Rise
Apartment Unit Information
# of Units/3 BR: 6
Roof
Built-Up - Reflect: 1
Property Features
Interior Steps: 1
Smoke Detector: 1
Main Cooling
Central Air: 1
Main Heating
Forced Air: 1
Water Heater
Electric: 1
Sold Info
Est. Closing Date: 2024-06-21
Seller Concessions: 0
Remarks Misc
Geo Lat: 32.240862
Geo Lon: -110.960746
Income
Gross Scheduled Rent: 172800
Property Features
Property Features: Interior Steps; Smoke Detector
Construction: Stucco Finish
Roof: Built-Up - Reflect
Main Cooling: Central Air
Main Heating: Forced Air
Water Heater: Electric
Listing Office: Realty Executives Arizona Territory
Last Updated: December - 25 - 2024
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