1440 S Craycroft Road, Tucson, AZ 85711

$1,360,600
Property Type: Commercial Square Footage: 28,471 Status: Closed
Current Price: $1,360,600 List Date: 2/07/1996 Last Modified: 10/25/2024

Overview

Description

Cash,Nconv,Submit. 70 Suites Hotel,Central,Near Dm-afb.Well Maint.9.8%cap,W/Upside Potential.56% Occ Rate/'95.Htd Pool. N.I.C.=all Furnishings In Suite 137+4 Paintin Gs In Lobby+coin Op.Laundry Mach's.Owner Is Lic. R.E.Agt In Az.

Listing Details MLS# 9602405

Address Information

Street #
1440
Direction
S
Street Name
Craycroft
Suffix
Road
State/Province
AZ
Zip Code
85711
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
131-01-014H
Area
Central
Tax Year
1995
Taxes
35880
Assessments
0
Legal Description
Sec 23 T14 R14 (Long Legal In -lo, Includes 2 Parcels).
Municipality/Zoning
Tucson - B1

General Property Information

# Units
70
Year Built
1982
Lot Dimensions
373X175X373X175
Combined SqFt
28471
Source of SqFt
Assessor
List Price/SqFt
52.25

Property Features

Construction: Frame - Stucco Main Heating: Wall Furnace Sewer: Connected Water: Public Terms: Owner Carry; Submit

Status Change Info

Off Market Date
1996-07-03
Pending Date
1996-04-11
Sold Date
1996-07-03
Sold Price/SqFt
47.78
Financing
Cash

More Information

Showing Information

Directions
S-craycroft Frm 22nd St

Income

Gross Scheduled Rent
749150
Other Income
23211
Adjusted Gross
772361
Total Expenses
193382
Net Opp Income
578979

Analysis

Cap Rate %
38.91
Gross Rent Multi
1.92
Exp/SqFt
6.79
Exp % of Gross
25.03

Expenses

Contract Services
22063
Gas/Electric
69305
Insurance
13722
Maintenance Supplies
55863
Taxes/Assessments
32429

Property Features

A.D.A. Compliant
No
Phase 1 Report
No

Electric

3 Phase Power
No
Master Meter
No

Construction

Frame - Stucco
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Heating

Wall Furnace
Yes

Terms

Owner Carry
Yes
Submit
Yes
Listing Office: Coldwell Banker Realty
IDX
Last Updated: October - 25 - 2024
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