737 N Alvernon Way, Tucson, AZ 85711
$1,550,000
Property Type:
Multi-Family
Square Footage:
19,624
Lot Size (sq. ft.):
44
Status:
Closed
Current Price:
$1,550,000
List Date:
6/02/2005
Last Modified:
10/26/2024
Description
Terrific central apt property w/recent rehab. Large units, great occupancy.
More Information MLS# 2514999
Address Information
Country: USA
Street #: 737
Direction: N
Street Name: Alvernon
Suffix: Way
State/Province: AZ
Zip Code: 85711
County: Pima
Location, Tax & Legal
Tax Year: 2005
Taxes: 9827
Assessments: 0
Legal Description: Speedway view Lot 15 Blk 6 Exc Rd.
Township: 14
Community: None
Range: 14
Section: 9
Municipality/Zoning: Tucson - R3
Fire Protection: Included in Taxes
Tax Code: 125-11-192B
Area: Central
Subdivision: Speedway View Addition
Status Change Info
Off Market Date: 2005-08-19
Sold Price/SqFt: 78.98
Lot Sz Sold Prc/SqFt: 43.05
How Sold: Conventional
Pending Date: 2005-06-20
Sold Date: 2005-08-19
Sold Price: $1,550,000
Showing Information
Directions: Between 5th and Speedway on Alvernon.
General Property Information
Lot Dimensions: 120x300x120x300
Lot Acres: 0.83
Lot Sqft: 36000
Lot Size Source: Assessor
List Price/SqFt: 81.48
Lot Size Price/SqFt: 44.41
Combined SqFt: 19624
Year Built: 1961
Unit Info
# of Units/Studios: 16
Avg Mo Rent/Studios: 370
# of Units/1 BR: 24
Avg Mo Rent/1 BR: 470
Income
Vacancy Loss: 16512
Adjusted Gross: 189888
Total Expenses: 63394
Gross Scheduled Rent: 206400
Net Opp Income: 126494
Analysis
Gross Rent Multi: 8.42
Vacancy Rate %: 8
Exp/SqFt: 3.23
Exp % of Gross: 33.38
Cap Rate %: 7.91
Expenses
Gas/Electric: 8980
Insurance: 9756
Maintenance Supplies: 12950
Management: 9494
Resident Manager: 6530
Taxes/Assessments: 9827
Water/Sewer: 5857
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Central Air: 1
Main Heating
Electric: 1
Forced Air: 1
Interior Features
Interior Steps: No
Terms
Conventional: 1
Security
None: 1
Sold Info
Financing: 1
Property Disclosures
Unknown: 1
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Package Available: Yes
Contract Information
Current Price: $1,550,000
Sold Price: $1,550,000
Listing Date: 2005-06-02
Status: Closed
Remarks Misc
Geo Lat: 32.231644
Geo Lon: -110.910247
Property Features
Main Cooling: Central Air
Main Heating: Electric; Forced Air
Sewer: Connected
Water: Public
Security: None
Terms: Conventional
Property Disclosures: Unknown
Sold Info: Financing
Documents
Lead Paint Discl ›Listing Office: Long Realty Company
Last Updated: October - 26 - 2024
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