8477 E Broadway, Tucson, AZ 85710
$1,100,000
Property Type:
Multi-Family
Square Footage:
20,064
Lot Size (sq. ft.):
20
Status:
Closed
Current Price:
$1,100,000
List Date:
10/29/2002
Last Modified:
10/25/2024
Description
Prime quiet eastside apt complex. Well maintained with excellent occupancy rates. Individually metered for heating and cooling.Property sits 300' back from Broadway and is just east of DM Credit Union. New financing required.One owner licensed. Do not disturb on-site mgr. Make offer subject to inspection.
More Information MLS# 2223015
Address Information
Country: USA
Street #: 8477
Direction: E
Street Name: Broadway
State/Province: AZ
Zip Code: 85710
County: Pima
Location, Tax & Legal
Tax Year: 2001
Taxes: 12159
Assessments: 0
Legal Description: Long legal in listing office.
Township: 14
Community: None
Range: 15
Section: 9
Municipality/Zoning: Tucson - C1
Fire Protection: Included in Taxes
Tax Code: 133-29-011R
Area: East
Subdivision: Unsubdivided
Status Change Info
Off Market Date: 2004-02-11
Sold Price/SqFt: 54.82
Lot Sz Sold Prc/SqFt: 18.96
How Sold: Conventional
Pending Date: 2003-01-07
Sold Date: 2004-02-11
Sold Price: $1,100,000
Showing Information
Directions: East on Broadway from Pantano, past Sarnoff to 8477 - on north side of Broadway
General Property Information
Lot Dimensions: 290 x 200
Lot Acres: 1.33
Lot Sqft: 58000
List Price/SqFt: 59.56
Lot Size Price/SqFt: 20.6
Combined SqFt: 20064
Year Built: 1981
Unit Info
# of Units/1 BR: 48
Avg Mo Rent/1 BR: 304
# of Units/2 BR: 1
Avg Mo Rent/2 BR: 450
Income
Vacancy Loss: 14440
Other Income: 2400
Adjusted Gross: 168464
Total Expenses: 62110
Gross Scheduled Rent: 180504
Net Opp Income: 106354
Analysis
Gross Rent Multi: 7.09
Vacancy Rate %: 8
Exp/SqFt: 3.1
Exp % of Gross: 36.86
Cap Rate %: 8.89
Construction
Frame - Stucco: 1
Expenses
Gas/Electric: 6355
Insurance: 2260
Maintenance Supplies: 19600
Resident Manager: 13800
Taxes/Assessments: 12159
Water/Sewer: 4736
Other Expenses: 3200
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Wall Unit(s): 1
Main Heating
Wall Furnace: 1
Interior Features
Interior Steps: No
Terms
Cash: 1
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: $1,100,000
Sold Price: $1,100,000
Listing Date: 2002-09-25
Status: Closed
Property Features
Construction: Frame - Stucco
Main Cooling: Wall Unit(s)
Main Heating: Wall Furnace
Sewer: Connected
Water: Public
Security: None
Terms: Cash; Conventional
Property Disclosures: Unknown
Sold Info: Financing
Listing Office: REALCO
Last Updated: October - 25 - 2024
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