13035 N Tortolita Road, Marana, AZ 85653 (MLS# 2329492)

13035 N Tortolita Road, Marana, AZ 85653

$1,200,000

Property Type: Multi-Family Square Footage: 17,796 Lot Size (sq. ft.): 121,532 Status: Closed

Current Price: $1,200,000 List Date: 12/15/2003 Last Modified: 10/25/2024

Overview

Description

6 buildings consist of 162 storage units w/$15,360 avg mo rent (all different sizes w/some units being adjustable) + 32 spaces of RV/boat parking and an RV dump station, all on about 3 acres comm land. The property is surrounded by a decorative masonry wall. Almost finished. Over 6000 more homes are scheduled to be built in Dove Mtn with CC&Rs restricting visible RV/boat parking. Most of these homes will have very little storage space. Near I-10.

Listing Details MLS# 2329492

Address Information

Street #: 13035
Direction: N
Street Name: Tortolita
Suffix: Road
State/Province: AZ
Zip Code: 85653
County: Pima
Country: USA

Location, Tax & Legal

Tax Code: 218-44-086F
Area: Northwest
Subdivision: Unsubdivided

General Property Information

Lot Dimensions: Call LA
Lot Acres: 2.79
Lot Sqft: 121532
Lot Size Source: Assessor
Combined SqFt: 17796
Year Built: 2003
List Price/SqFt: 77.26
Lot Size Price/SqFt: 11.31

Property Features

Construction: Frame - Stucco Main Heating: None Sewer: Connected Terms: Cash; Conventional Property Disclosures: Unknown Sold Info: Financing

Status Change Info

Off Market Date: 2004-04-22
Pending Date: 2004-01-16
Sold Date: 2004-04-22
Sold Price/SqFt: 67.43
Lot Sz Sold Prc/SqFt: 9.87
How Sold: Conventional

More Information

Showing Information

Directions: Thornydale/Tangerine West to Dove Mountain, go North to Moore Rd, West to Tortolita, North to sign (next to fire station).

Unit Info

# of Units/Other: 162
Avg Mo Rent/Other: 15360

Analysis

Cap Rate %: 12.73
Gross Rent Multi: 7.85
Vacancy Rate %: 5

Income

Gross Scheduled Rent: 184320
Vacancy Loss: 9216
Adjusted Gross: 175104
Net Opp Income: 175104

Interior Features

Interior Steps: No

Water

Water Company: Marana

Miscellaneous

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

Listing Office: Berkshire Hathaway Homeservices Premier Properties

Last Updated: October - 25 - 2024

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