1241 W Roger Road, Tucson, AZ 85705

$2,700,000
Property Type: Multi-Family Square Footage: 43,152 Lot Size (sq. ft.): 30 Status: Closed
Current Price: $2,700,000 List Date: 6/22/2016 Last Modified: 12/09/2024

Overview

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.

Listing Details MLS# 21617350

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
Tax Year
2015
Taxes
27936.07
Assessments
0
Legal Description
PTN N200.08' E701.4' NW4 NW4 EXC E16' &
Township
13
Community
None
Range
13
Section
26
Municipality/Zoning
Tucson - R3
Fire Protection
Included in Taxes

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

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

Contract Information

Distressed Info
None

Status Change Info

Off Market Date
2016-08-19
Pending Date
2016-09-26
Sold Date
2016-10-27
Sold Price/SqFt
62.57
Lot Sz Sold Prc/SqFt
28.25
How Sold
Conventional

More Information

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
Avg Mo Rent/Studios
0
Avg Mo Rent/Other
0

Analysis

Cap Rate %
8.07
Gross Rent Multi
6.78
Vacancy Rate %
13
Exp/SqFt
4.18
Exp % of Gross
45.32

Income

Gross Scheduled Rent
452400
Vacancy Loss
58812
Other Income
4800
Adjusted Gross
398388
Total Expenses
180543
Net Opp Income
217845

Expenses

Contract Services
7946
Insurance
8501
Maintenance Supplies
64356
Management
10006
Taxes/Assessments
27936
Water/Sewer
53398
Other Expenses
8400
Figures Presented
Actual
Admin Expenses
0
Capital Expenses
0
Gas/Electric
0
Resident Manager
0

Water

Water Company
Flowing Wells

Miscellaneous

Master Gas Meter
Yes
Master Water Meter
Yes
Package Available
Yes

Construction

Concrete Block
Yes

Sewer

Connected
Yes

Main Cooling

Central Air
Yes
Evaporative Cooling
Yes

Neighborhood Features

Gated Community
Yes

Main Heating

Forced Air
Yes
Natural Gas
Yes

Terms

Cash
Yes

Security

None
Yes

Property Disclosures

Unknown
Yes
Listing Office: Long Realty Company
IDX
Last Updated: December - 09 - 2024
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