$2,700,000
Tucson, AZ 85705
MLS# 21617350
Status: Closed
43152 sqft
1 / 18
Property Description
Extremely well maintained property with over $100,000 spent in Capital improvements in the last year. Many long term tenants with high senior population. Large units with great unit mix. Features community wi-fi available, self-service laundry, on-site property manager, social events, pet park, library, courtyard, BBQ grill, picnic area and swimming pool.
Details
Address Information
Street #: 1241
Direction: W
Street Name: Roger
Suffix: Road
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA
Location, Tax & Legal
Tax Code: 106-06-0120
Area: Central
Subdivision: N/A
Contract Information
Current Price: $2,700,000
Sold Price: $2,700,000
Listing Date: 2016-06-21
Status: Closed
Distressed Info: None
Status Change Info
Off Market Date: 2016-08-19
Pending Date: 2016-09-26
Sold Date: 2016-10-27
Sold Price: $2,700,000
Sold Price/SqFt: 62.57
Lot Sz Sold Prc/SqFt: 28.25
How Sold: Conventional
General Property Information
Lot Dimensions: 660 X 144 +/-
Lot Acres: 4.16
Lot Sqft: 95564
Lot Size Source: Other
Combined SqFt: 43152
Year Built: 1964
List Price/SqFt: 68.13
Lot Size Price/SqFt: 30.76
Showing Information
Directions: From Flowing Wells east on Roger Rd to address
Unit Info
# of Units/1 BR: 24
Avg Mo Rent/1 BR: 579.17
# of Units/2 BR: 24
Avg Mo Rent/2 BR: 700
# of Units/3 BR: 8
Avg Mo Rent/3 BR: 875
Income
Gross Scheduled Rent: 452400
Vacancy Loss: 58812
Other Income: 4800
Adjusted Gross: 398388
Total Expenses: 180543
Net Opp Income: 217845
Analysis
Cap Rate %: 8.07
Gross Rent Multi: 6.78
Vacancy Rate %: 13
Exp/SqFt: 4.18
Exp % of Gross: 45.32
Expenses
Contract Services: 7946
Insurance: 8501
Maintenance Supplies: 64356
Management: 10006
Taxes/Assessments: 27936
Water/Sewer: 53398
Other Expenses: 8400
Figures Presented: Actual
Water
Water Company: Flowing Wells
Miscellaneous
Master Gas Meter: Yes
Master Water Meter: Yes
Package Available: Yes
Remarks Misc
Geo Lat: 32.279004
Geo Lon: -110.991908
Property Features
Construction: Concrete Block
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Security: None
Neighborhood Features: Gated Community
Terms: Cash
Property Disclosures: Unknown
Listing Office: Long Realty Company
Last Updated: December - 09 - 2024
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