1401 E Adelaide Drive, Tucson, AZ 85719 (MLS# 2635883)

1401 E Adelaide Drive, Tucson, AZ 85719

$1,547,500

Property Type: Multi-Family Square Footage: 21,465 Lot Size (sq. ft.): 20 Status: Closed

Current Price: $1,547,500 List Date: 12/11/2006 Last Modified: 10/26/2024

Overview

Description

Pride of Ownership Apartments, great location. The Apartments have large fenced yards, central courtyards with mature landscaping, a swimming pool and laundry facilities. Recent upgrades include new roofs, many new A/C units, resealed/restriped parking lot and new paint. One unit was previously 3 bd/2 bath and has been converted to a 2 bd and studio. Seller will convert back to a 3 bd/2 bath if requested by buyer. Please do not disturb tenants.

Listing Details MLS# 2635883

Address Information

Street #: 1401
Direction: E
Street Name: Adelaide
Suffix: Drive
State/Province: AZ
Zip Code: 85719
County: Pima
Country: USA

Location, Tax & Legal

Tax Code: 113-07-2370
Area: Central
Subdivision: Hedrick Acreage Tract NO 3
Tax Year: 2005
Taxes: 10147
Assessments: 0
Legal Description: Hedrick Acreage Tract Number 3, lots 17 & 18, Block G
Township: 13
Community: None
Range: 14
Section: 31
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes

General Property Information

Lot Dimensions: 253x300x249x300
Lot Acres: 1.75
Lot Sqft: 76285
Lot Size Source: Assessor
Combined SqFt: 21465
Year Built: 1952
List Price/SqFt: 74.49
Lot Size Price/SqFt: 20.96

Property Features

Construction: Concrete Block Main Cooling: Central Air Main Heating: Heat Pump Sewer: Connected Water: Public Security: None Property Disclosures: Lead Based Paint; Unknown Sold Info: Financing

Status Change Info

Off Market Date: 2008-04-08
Pending Date: 2006-12-28
Sold Date: 2008-04-08
Sold Price/SqFt: 72.09
Lot Sz Sold Prc/SqFt: 20.28
How Sold: Other

More Information

Showing Information

Directions: Glenn/Mountain, North to Adelaide, east to Address

Unit Info

# of Units/Studios: Yes
Avg Mo Rent/Studios: 400
# of Units/2 BR: 24
Avg Mo Rent/2 BR: 535

Analysis

Cap Rate %: 6.49
Gross Rent Multi: 10.48
Vacancy Rate %: 5
Exp/SqFt: 2.26
Exp % of Gross: 31.91

Income

Gross Scheduled Rent: 158880
Vacancy Loss: 7944
Other Income: 1500
Adjusted Gross: 152436
Total Expenses: 48647
Net Opp Income: 103789

Expenses

Admin Expenses: 1000
Contract Services: 3000
Gas/Electric: 6000
Insurance: 7500
Maintenance Supplies: 7500
Resident Manager: 6000
Taxes/Assessments: 10147
Water/Sewer: 7500

Interior Features

Interior Steps: No

Miscellaneous

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

Construction

Concrete Block: Yes

Sewer

Connected: Yes

Water

Public: Yes

Main Cooling

Central Air: Yes

Main Heating

Heat Pump: Yes

Security

None: Yes

Sold Info

Financing: Yes

Property Disclosures

Lead Based Paint: Yes
Unknown: Yes

Documents

Lead Paint Discl ›

Listing Office: Diversified Equity Corporation

Last Updated: October - 26 - 2024

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