1240 N 7th Avenue 72, Tucson, AZ 85705
$1,700,000
Property Type:
Multi-Family
Square Footage:
30,600
Status:
Closed
Current Price:
$1,700,000
List Date:
7/28/1999
Last Modified:
10/26/2024
Overview
Description
Listing Details MLS# 9913695
Address Information
- Street #
- 1240
- Direction
- N
- Street Name
- 7th
- Suffix
- Avenue
- Apt/Unit #
- 72
- State/Province
- AZ
- Zip Code
- 85705
- County
- Pima
- Country
- USA
Location, Tax & Legal
- Tax Code
- 115-08-0890
- Area
- Central
- Subdivision
- Highland Park Add Amd
- Tax Year
- 2000
- Taxes
- 14466
- Assessments
- 0
- Legal Description
- Lots 1,2,3,4,5,6,7, Block 19 Highland Park Amended
- Township
- 14
- Community
- None
- Range
- 13
- Section
- Yes
- Municipality/Zoning
- Tucson - C1
- Fire Protection
- Included in Taxes
General Property Information
- Lot Dimensions
- 425X185
- Combined SqFt
- 30600
- Year Built
- 1955
- List Price/SqFt
- 58.82
Property Features
Construction:
Slump Block
Main Cooling:
Heat Pump
Main Heating:
Heat Pump
Sewer:
Connected
Water:
Public
Security:
None
Terms:
Cash; Conventional
Property Disclosures:
Unknown
Sold Info:
Financing
Status Change Info
- Off Market Date
- 2002-11-20
- Pending Date
- 2002-06-20
- Sold Date
- 2002-11-20
- Sold Price/SqFt
- 55.55
- How Sold
- Conventional
More Information
Showing Information
- Directions
- E On Speedway From Stone 1 Block Then North 1 Block To Property Blue Agave Apts
Unit Info
- # of Units/Studios
- 66
- Avg Mo Rent/Studios
- 350
- # of Units/1 BR
- 4
- Avg Mo Rent/1 BR
- 410
- # of Units/2 BR
- Yes
- Avg Mo Rent/2 BR
- 500
- # of Units/3 BR
- Yes
- Avg Mo Rent/3 BR
- 650
Analysis
- Cap Rate %
- 7.59
- Gross Rent Multi
- 6.56
- Vacancy Rate %
- 10
- Exp/SqFt
- 4.48
- Exp % of Gross
- 50.13
Income
- Gross Scheduled Rent
- 300000
- Vacancy Loss
- 30000
- Other Income
- 4000
- Adjusted Gross
- 274000
- Total Expenses
- 137368
- Net Opp Income
- 136632
Expenses
- Admin Expenses
- 8211
- Capital Expenses
- 8578
- Contract Services
- 12254
- Gas/Electric
- 11145
- Insurance
- 3095
- Maintenance Supplies
- 33729
- Management
- 8200
- Resident Manager
- 23445
- Taxes/Assessments
- 14466
- Water/Sewer
- 7245
- Other Expenses
- 7000
Interior Features
- Interior Steps
- No
Sold Info
- Down Payment
- 350000
- Financing
- Yes
Miscellaneous
- Master Elec Meter
- No
- Master Gas Meter
- Yes
- Master Water Meter
- Yes
- Package Available
- No
Construction
- Slump Block
- Yes
Sewer
- Connected
- Yes
Water
- Public
- Yes
Main Cooling
- Heat Pump
- Yes
Main Heating
- Heat Pump
- Yes
Terms
- Cash
- Yes
- Conventional
- Yes
Security
- None
- Yes
Property Disclosures
- Unknown
- Yes
Listing Office:
Bright Realty & Development Lt
Last Updated: October - 26 - 2024
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo.
All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.
