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
- St Suffix
- Avenue
- State
- AZ
- Zip Code
- 85705
- County
- Pima
- Apt/Unit #
- 72
- Country
- USA
Location, Tax & Legal
- Assessor #
- 115-08-0890
- Area
- Central
- Subdivision/Neighborhood
- Highland Park Add Amd
- Municipality/Zoning
- Tucson - C1
General Property Information
- Lot Dimensions
- 425X185
- LivingArea
- 30600
- Year Built
- 1955
- List Price/SqFt
- 58.82
Property Features
Construction:
Slump Block
Main Heating:
Heat Pump
Sewer:
Connected
Terms:
Cash
Property Disclosures:
Unknown
Contract Information
- Listing Price
- 1800000
Status Change Info
- Off Market Date
- 2002-11-20
- Under Contract 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
Analysis
- CAPRate
- 7.59
- Gross Rent Multi
- 6.56
- Vacancy Rate %
- 10
- Exp % of Gross
- 50.13
- Exp/SqFt
- 4.48
Income
- GrossScheduledIncome
- 300000
- Vacancy Loss
- 30000
- Other Income
- 4000
- Adjusted Gross
- 274000
- Total Expenses
- 137368
- NetOperatingIncome
- 136632
Expenses
- Admin Expenses
- 8211
- Capital Expenses
- 8578
- Contract Services
- 12254
- Insurance
- 3095
- Maintenance Supplies
- 33729
- Management
- 8200
- Resident Manager
- 23445
- Other Expenses
- 7000
- Gas/Electric
- 11145
- Taxes/Assessments
- 14466
- Water/Sewer
- 7245
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
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
Water
- Public
- Yes
Terms
- Conventional
- 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 2026 MLS of Southern Arizona. All Rights Reserved.
