835 N 6Th Avenue, Tucson, AZ 85705
$1,325,000
Property Type:
Multi-Family
Square Footage:
27,422
Lot Size (sq. ft.):
38
Status:
Closed
Current Price:
$1,325,000
List Date:
5/23/2011
Last Modified:
12/06/2024
Description
Very well maintained masonry apartment complex. Excellent drive-by exposure. Amenities include swimming pool, two laundry rooms, rec room and attractively landscaped central courtyard. All units have good sized kitchens, living rooms, bedrooms and bath. On-site manager's unit includes extra large living room, plus two private offices. Asking price equates to 6.6 times GSI. Rents have good upside potential. Please do not disturb tenants.
More Information MLS# 21114338
Address Information
Country: USA
Street #: 835
Direction: N
Street Name: 6Th
Suffix: Avenue
State/Province: AZ
Zip Code: 85705
County: Pima
Location, Tax & Legal
Tax Year: 2010
Taxes: 14307.7
Assessments: 0
Legal Description: Tucson lots 1, 4 and 5, Block 28
Township: 14
Community: None
Range: 13
Section: 12
Municipality/Zoning: Tucson - HR3
Fire Protection: Included in Taxes
Tax Code: 117-03-0790
Area: Central
Subdivision: Tucson
Contract Information
Distressed Info: None
Current Price: $1,325,000
Sold Price: $1,325,000
Listing Date: 2011-05-23
Status: Closed
Status Change Info
Off Market Date: 2011-05-28
Sold Price/SqFt: 48.32
Lot Sz Sold Prc/SqFt: 36.21
How Sold: Cash Owner Carryback
Pending Date: 2011-07-15
Sold Date: 2011-07-29
Sold Price: $1,325,000
Showing Information
Directions: Univeristy/6th Avenue, North to address
General Property Information
Lot Dimensions: 198X184.8X198X184.8
Lot Acres: 0.84
Lot Sqft: 36590
Lot Size Source: Assessor
List Price/SqFt: 51.02
Lot Size Price/SqFt: 38.23
Combined SqFt: 27422
Year Built: 1963
Unit Info
# of Units/Studios: 12
Avg Mo Rent/Studios: 375
# of Units/1 BR: 19
Avg Mo Rent/1 BR: 475
# of Units/2 BR: 7
Avg Mo Rent/2 BR: 575
Avg Mo Rent/3 BR: 0
Avg Mo Rent/Other: 0
Income
Vacancy Loss: 10530
Other Income: 6710
Adjusted Gross: 206840
Total Expenses: 111115
Gross Scheduled Rent: 210660
Net Opp Income: 95725
Analysis
Gross Rent Multi: 6.76
Vacancy Rate %: 5
Exp/SqFt: 4.05
Exp % of Gross: 53.72
Cap Rate %: 6.84
Construction
Concrete Block: 1
Expenses
Admin Expenses: 4960
Capital Expenses: 0
Contract Services: 4316
Figures Presented: Proforma
Gas/Electric: 12479
Insurance: 7500
Maintenance Supplies: 24505
Management: 10353
Resident Manager: 16925
Taxes/Assessments: 14307
Water/Sewer: 13731
Other Expenses: 2039
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Central Air: 1
Main Heating
Forced Air: 1
Natural Gas: 1
Interior Features
Interior Steps: No
Terms
Cash: 1
Conventional: 1
Security
Window Bars: 1
Property Disclosures
Lead Based Paint: 1
Unknown: 1
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Package Available: No
Remarks Misc
Geo Lat: 32.232543
Geo Lon: -110.969104
Property Features
Construction: Concrete Block
Main Cooling: Central Air
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Security: Window Bars
Terms: Cash; Conventional
Property Disclosures: Lead Based Paint; Unknown
Listing Office: Diversified Equity Corporation
Last Updated: December - 06 - 2024
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