720 N Kolb Road, Tucson, AZ 85710
$1,500,000
Property Type:
Multi-Family
Square Footage:
30,000
Lot Size (sq. ft.):
36
Status:
Closed
Current Price:
$1,500,000
List Date:
11/12/2007
Last Modified:
10/26/2024
Description
New Price reduction of $450,000. 10 individual condo units (one split into 2 for a total of 11 rentable units) and common area being offered together in one sale. spacious homes ranging in size from 2,600 sf to 3,400 sf, up to 5 bedrooms, garage parking, courtyard and pool. Great Eastside location. Unique investment opportunity to collect rent income while you renovate other units for sale. Great assumable financing. Owner/Agent
More Information MLS# 20718284
Address Information
Country: USA
Street #: 720
Direction: N
Street Name: Kolb
Suffix: Road
State/Province: AZ
Zip Code: 85710
County: Pima
Location, Tax & Legal
Tax Year: 2006
Taxes: 13885
Assessments: 0
Legal Description: Regal Manor Condominiums Units 1 through 10, Common Areas A, B, C, and exclusive use area.
Township: 14
Community: None
Range: 15
Section: 8
Municipality/Zoning: Tucson - O3
Fire Protection: Included in Taxes
Tax Code: 133-23-1700
Area: East
Subdivision: Regal Manor Condominiums Units 1-10
Status Change Info
Off Market Date: 2008-03-14
Sold Price/SqFt: 50
Lot Sz Sold Prc/SqFt: 36.17
How Sold: Exchange
Pending Date: 2008-01-14
Sold Date: 2008-03-14
Sold Price: $1,500,000
Showing Information
Directions: Kolb Road between Broadway and Speedway, East side of the road.
General Property Information
Lot Dimensions: Irregular
Lot Acres: 0.95
Lot Sqft: 41463
Lot Size Source: Other
List Price/SqFt: 50
Lot Size Price/SqFt: 36.17
Combined SqFt: 30000
Year Built: 1981
Unit Info
# of Units/Studios: 1
Avg Mo Rent/Studios: 450
# of Units/1 BR: 1
Avg Mo Rent/1 BR: 800
# of Units/3 BR: 4
Avg Mo Rent/3 BR: 1250
# of Units/Other: 5
Avg Mo Rent/Other: 1300
Income
Adjusted Gross: 153000
Total Expenses: 44304
Gross Scheduled Rent: 153000
Net Opp Income: 108696
Analysis
Gross Rent Multi: 9.8
Exp/SqFt: 1.47
Exp % of Gross: 28.95
Cap Rate %: 7.25
Construction
Frame - Stucco: 1
Expenses
Contract Services: 8328
Gas/Electric: 6856
Insurance: 8500
Maintenance Supplies: 1000
Taxes/Assessments: 13820
Water/Sewer: 4800
Other Expenses: 1000
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Central Air: 1
Evaporative Cooling: 1
Main Heating
Heat Pump: 1
Interior Features
Interior Steps: Yes
Terms
Cash: 1
Conventional: 1
Owner Carry: 1
Submit: 1
Security
Prewired: 1
Sold Info
Financing: 1
Selling Comments: Exchange property fo
Property Disclosures
Military Airport Vct: 1
Unknown: 1
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Package Available: Yes
Contract Information
Current Price: $1,500,000
Sold Price: $1,500,000
Listing Date: 2007-05-11
Status: Closed
Remarks Misc
Geo Lat: 32.229671
Geo Lon: -110.840614
Property Features
Construction: Frame - Stucco
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Heat Pump
Sewer: Connected
Water: Public
Security: Prewired
Terms: Cash; Conventional; Owner Carry; Submit
Property Disclosures: Military Airport Vct; Unknown
Sold Info: Financing
Listing Office: Terrion Realty, LLC
Last Updated: October - 26 - 2024
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