1211 E 9Th Street 1-15, Tucson, AZ 85719

$975,000
Property Type: Multi-Family Square Footage: 8,613 Lot Size (sq. ft.): 36,000 Status: Closed
Current Price: $975,000 List Date: 10/02/2012 Last Modified: 12/07/2024

Overview

Description

Gorgeously remodeled 15 unit BRICK apartment complex, 3blks from the UofA! Seven 2bd/1bth units and eight 1bd/1bth units. Easy to prelease on 12 month leases. Always rented! New Parking lot, Central AC/Heating units, tile, paint, ceiling fans, circuit breakers and electrical upgrade to 100Amp, etc in 2008. Several units have private backyards. Roof coated in 2011. Three blocks to campus and two blocks to the Rec center. Great Student Rental Property. Owner licensed to sell real estate in Arizona.

Listing Details MLS# 21224120

Address Information

Street #
1211
Direction
E
Street Name
9Th
St Suffix
Street
State
AZ
Zip Code
85719
County
Pima
Apt/Unit #
1-15
Country
USA

Location, Tax & Legal

Assessor #
124-06-0970
Area
Central
Subdivision/Neighborhood
Buells Add
Municipality/Zoning
Tucson - R3

General Property Information

Lot Dimensions
225 x 160.25'
Lot Sqft
36000
Lot Size Source
Assessor
LivingArea
8613
Year Built
1953
Lot Acres
0.83
List Price/SqFt
136.42
Lot Size Price/SqFt
32.64

Property Features

Construction: Brick Main Cooling: Central Air Main Heating: Forced Air Sewer: Connected Security: Window Bars Terms: Cash Property Disclosures: Flood Plain

Contract Information

Listing Price
1175000
Distressed Info
None

Status Change Info

Off Market Date
2012-10-12
Under Contract Date
2012-10-30
Sold Date
2012-11-30
Sold Price/SqFt
113.2
How Sold
Cash
Lot Sz Sold Prc/SqFt
27.08

More Information

Showing Information

Directions
From Campbell and Speedway. South on Campbell to 9th Street. West to Property located on Northside of rd between Mountain and Santa Rita Streets.

Analysis

CAPRate
7.96
Gross Rent Multi
8.82
Vacancy Rate %
Yes
Exp % of Gross
29.79
Exp/SqFt
4.61

Income

GrossScheduledIncome
133800
Vacancy Loss
1338
Other Income
723
Adjusted Gross
133185
Total Expenses
39679
NetOperatingIncome
93506

Expenses

Admin Expenses
386
Contract Services
554
Insurance
5357
Maintenance Supplies
11220
Management
6066
Other Expenses
716
Figures Presented
Actual
Gas/Electric
1305
Taxes/Assessments
9331
Water/Sewer
4744

Interior Features

Interior Steps
No

Miscellaneous

Master Elec Meter
No
Master Gas Meter
No
Master Water Meter
Yes
Package Available
Yes

Unit Info

Avg Mo Rent/Studios
0
# of Units/1 BR
8
Avg Mo Rent/1 BR
650
# of Units/2 BR
7
Avg Mo Rent/2 BR
850
Avg Mo Rent/3 BR
0
Avg Mo Rent/Other
0

Water

Public
Yes

Terms

Conventional
Yes
IDX
Listing Office: Tucson Integrity Realty, LLC
Last Updated: December - 07 - 2024
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