1240 E Fort Lowell Road, Tucson, AZ 85719

$1,110,000
Property Type: Multi-Family Square Footage: 12,492 Lot Size (sq. ft.): 24 Status: Closed
Current Price: $1,110,000 List Date: 10/15/2002 Last Modified: 10/25/2024

Overview

Description

Great property, most units have been rehabbed, always rented.

Listing Details MLS# 2224785

Address Information

Street #
1240
Direction
E
Street Name
Fort Lowell
Suffix
Road
State/Province
AZ
Zip Code
85719
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
113-08-200D
Area
Central
Subdivision
Catalina Poultry Acres NO 4
Tax Year
2002
Taxes
9037
Assessments
0
Legal Description
Catalina Poultry Acres Unit No. 4 Lot 41 thru 44 exc N22.5' & exc E100' of N149.89' thereof.
Township
13
Community
None
Range
14
Section
31
Municipality/Zoning
Tucson - C1
Fire Protection
None

General Property Information

Lot Dimensions
Irregular
Lot Acres
1.13
Lot Sqft
49210
Lot Size Source
Assessor
Combined SqFt
12492
Year Built
1985
List Price/SqFt
96.06
Lot Size Price/SqFt
24.38

Property Features

Construction: Frame - Stucco Main Heating: Electric; Forced Air Sewer: Connected Water: Public Security: None Terms: Cash; Conventional Property Disclosures: Unknown Sold Info: Financing

Status Change Info

Off Market Date
2003-01-08
Pending Date
2002-11-08
Sold Date
2003-01-08
Sold Price/SqFt
88.85
Lot Sz Sold Prc/SqFt
22.55
How Sold
Conventional

More Information

Showing Information

Directions
SW corner of Mountain and Ft Lowell

Unit Info

# of Units/1 BR
12
Avg Mo Rent/1 BR
425
# of Units/2 BR
16
Avg Mo Rent/2 BR
525

Analysis

Cap Rate %
8.38
Gross Rent Multi
7.59
Vacancy Rate %
7
Exp/SqFt
4.59
Exp % of Gross
36.32

Income

Gross Scheduled Rent
162000
Vacancy Loss
11340
Other Income
7319
Adjusted Gross
157979
Total Expenses
57390
Net Opp Income
100589

Expenses

Admin Expenses
5683
Gas/Electric
7456
Insurance
4186
Maintenance Supplies
13444
Management
12285
Taxes/Assessments
9036
Water/Sewer
5300

Interior Features

Interior Steps
No

Miscellaneous

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

Construction

Frame - Stucco
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Heating

Electric
Yes
Forced Air
Yes

Terms

Cash
Yes
Conventional
Yes

Security

None
Yes

Sold Info

Financing
Yes

Property Disclosures

Unknown
Yes
IDX
Listing Office: Long Realty Company
Last Updated: October - 25 - 2024
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