916-922 N Camino Seco, Tucson, AZ 85710
$1,085,000
Property Type:
Commercial
Square Footage:
6,344
Lot Size (sq. ft.):
45
Status:
Closed
Current Price:
$1,085,000
List Date:
9/08/2023
Last Modified:
12/23/2024
Description
Rare garden apartment complex, with lush courtyard, ideally located on the east-side of Tucson, on Camino Seco near Speedway. Amenities include carports, private fenced yards, individual storage rooms for all 2 bedroom units, and community laundry. There are very few small apartment complexes in this desirable area of Tucson and very little vacant land to build new apartments. A short walk to highly acclaimed Sahuaro High School. When a vacancy occurs, these units often pre-lease, prior to the existing Tenant vacating. Excellent access to Tucson's Amazon Distribution Center, Davis Monthan AFB, shopping & restaurants. One Owner is licensed Real Estate Broker in Arizona. Contact Listing Agent for OM.
More Information MLS# 22319334
Address Information
Country: USA
Street #: 916-922
Direction: N
Street Name: Camino Seco
State/Province: AZ
Zip Code: 85710
County: Pima
Location, Tax & Legal
Tax Year: 2022
Taxes: 2769.6
Assessments: 0
Taxes For: Building & Land
Legal Description: From Parcel 001010010/Eastern Hills S58' of N356'' of Lot 22 Blk 1 & Eastern
Hills S58' Of N298' lot Lot 22 Blk 1
Development Name: N/A
Municipality/Zoning: Tucson - R3
Fire Protection: Included in Taxes
Tax Code: 133-35-025P
Area: East
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $1,085,000
Sold Price: $1,085,000
Listing Date: 2023-09-08
Status: Closed
Status Change Info
Off Market Date: 2023-11-02
Sold Price/SqFt: 171.03
Lot Sz Sold Prc/SqFt: 42.58
Financing: Conventional
Pending Date: 2023-12-07
Sold Date: 2023-12-14
Sold Price: $1,085,000
Showing Information
Directions: Speedway/Camino Seco S-to frontage Rd on eastside of Camino Seco. Sign reads Alps View Apartments. Carports are in front and lush courtyard and apartments are not visible from street.
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 10
Lot Dimensions: 25,483 Sq. ft
Lot Acres: 0.58
Total Parking: 10
Lot Sqft: 25483
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 181.27
Lot Size Price/SqFt: 45.13
Year Built: 1976
Combined SqFt: 6344
Electric
Electric Company: TEP
Income
Vacancy Loss: 5338
Other Income: 10539
Adjusted Gross: 138641
Gross Scheduled Rent: 133440
Net Opp Income: 86980
Gas
Natural: 1
Analysis
Gross Rent Multi: 7.83
Vacancy Rate %: 4
Exp % of Gross: 37.3
Cap Rate %: 7
Construction
Other: 1
Expenses
Admin Expenses: 500
Figures Presented: Proforma
Gas/Electric: 5436
Insurance: 2907
Maintenance Supplies: 3950
Management: 13000
Taxes/Assessments: 5539
Water/Sewer: 5555
Other Expenses: 14774
Sewer
Connected: 1
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/1 BR: 4
Avg Mo Rent/1 BR: 856
# of Units/2 BR: 6
Avg Mo Rent/2 BR: 1168
Roof
Foam: 1
Water
Public: 1
Property Features
Storage: 1
Fence
Wood: 1
Road Type
Paved: 1
Fenced Storage
No: 1
Lot Features
Adjacent to Alley: 1
North/South Exposure: 1
Main Cooling
Ceiling Fan(s): 1
Central Air: 1
Evaporative Cooling: 1
Main Heating
Forced Air: 1
Gas Pac: 1
Water Heater
Electric: 1
Terms
Cash: 1
Conventional: 1
Submit With Offer
Digital Signature Accepted: 1
Earnest Check: 1
Seller Title Company: Stewart Title
Accessibility Option
None: 1
Security
Other: Lights
Sold Info
Est. Closing Date: 2023-12-14
Seller Concessions: 0
Landscape - Front
Decorative Gravel: 1
Desert Plantings: 1
Natural Desert: 1
Landscape - Rear
Decorative Gravel: 1
Grass: 1
Shrubs: 1
Trees: 1
Parking
# Covered Parking: 6
Paved Parking: 1
Business Location
Free Standing Bldg: 1
Freeway/Highway
Over 5.1 Miles: 1
Traffic Count
Unknown: 1
Possession
Immediate: 1
Property Disclosures
Inventory List: 1
Lead Based Paint: 1
Leases: 1
Military Airport Vct: 1
Seller Prop Disclosure: 1
Special Conditions
None: 1
Remarks Misc
Geo Lat: 32.232689
Geo Lon: -110.806213
Property Features
Property Features: Storage
Construction: Other
Roof: Foam
Fenced Storage: No
Main Cooling: Ceiling Fan(s); Central Air; Evaporative Cooling
Main Heating: Forced Air; Gas Pac
Water Heater: Electric
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Fence: Wood
Landscape - Front: Decorative Gravel; Desert Plantings; Natural Desert
Landscape - Rear: Decorative Gravel; Grass; Shrubs; Trees
Road Type: Paved
Parking: Paved Parking
Lot Features: Adjacent to Alley; North/South Exposure
Business Location: Free Standing Bldg
Traffic Count: Unknown
Terms: Cash; Conventional
Possession: Immediate
Submit With Offer: Digital Signature Accepted; Earnest Check
Property Disclosures: Inventory List; Lead Based Paint; Leases; Military Airport Vct; Seller Prop Disclosure
Special Conditions: None
Listing Office: Tierra Antigua Realty
Last Updated: December - 23 - 2024
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