150 S EASTBOURNE Avenue, Tucson, AZ 85716

$1,100,000
Property Type: Multi-Family Square Footage: 20,439 Lot Size (sq. ft.): 42 Status: Closed
Current Price: $1,100,000 List Date: 1/12/2004 Last Modified: 10/25/2024

Description

ONLY $53/SQFT-29 UNITS- GREAT AREA SELLER HAS RENOVATED MANY OF THE UNITS- VACANCY IS LOW-PLENTY OF UPSIDE ON RENTS-HARD TO FIND CENTRAL APARTMENT COMPLEX- DO NOT ENTER APT OR SPEAK TO TENANTS-CONTACT BROKER TO SHOW.

More Information MLS# 2325445

Address Information

Country: USA Street #: 150 Direction: S Street Name: EASTBOURNE Suffix: Avenue State/Province: AZ Zip Code: 85716 County: Pima

Location, Tax & Legal

Tax Year: 2002 Taxes: 8474 Assessments: 0 Legal Description: BROADMOOR E200' OF LOT 11 EXC N248' BLOCK B Township: 14 Community: None Range: 14 Section: 17 Municipality/Zoning: Tucson - 03 Fire Protection: Included in Taxes Tax Code: 129-02-0520 Area: Central Subdivision: Broadmoor

Status Change Info

Off Market Date: 2004-04-29 Sold Price/SqFt: 53.81 Lot Sz Sold Prc/SqFt: 42.51 How Sold: Conventional Pending Date: 2004-01-26 Sold Date: 2004-04-29 Sold Price: $1,100,000

Showing Information

Directions: BROADWAY & COUNTRY CLUB S TO 1ST RIGHT GO WEST TO ADDRESS

General Property Information

Lot Dimensions: 129X200 Lot Acres: 0.59 Lot Sqft: 25874 Lot Size Source: Assessor List Price/SqFt: 53.82 Lot Size Price/SqFt: 42.51 Combined SqFt: 20439 Year Built: 1959

Unit Info

# of Units/Studios: 1 Avg Mo Rent/Studios: 300 # of Units/1 BR: 20 Avg Mo Rent/1 BR: 428 # of Units/2 BR: 8 Avg Mo Rent/2 BR: 508

Income

Vacancy Loss: 10457 Other Income: 1800 Adjusted Gross: 146539 Total Expenses: 61583 Gross Scheduled Rent: 155196 Net Opp Income: 84956

Analysis

Gross Rent Multi: 7.51 Vacancy Rate %: 6.73 Exp/SqFt: 3.01 Exp % of Gross: 42.02 Cap Rate %: 7.72

Construction

Concrete Block: 1

Expenses

Admin Expenses: 2539 Gas/Electric: 10441 Insurance: 4087 Maintenance Supplies: 14873 Management: 7237 Resident Manager: 5280 Taxes/Assessments: 8474 Water/Sewer: 8652

Sewer

Connected: 1

Water

Public: 1

Main Cooling

Central Air: 1

Main Heating

Forced Air: 1 Natural Gas: 1

Interior Features

Interior Steps: No

Terms

Cash: 1 Conventional: 1

Security

None: 1

Sold Info

Down Payment: 350000 Financing: 1

Property Disclosures

Lead Based Paint: 1 Military Airport Vct: 1

Miscellaneous

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

Contract Information

Current Price: $1,100,000 Sold Price: $1,100,000 Listing Date: 2003-10-20 Status: Closed

Remarks Misc

Geo Lat: 32.220552 Geo Lon: -110.928262

Property Features

Construction: Concrete Block Main Cooling: Central Air Main Heating: Forced Air; Natural Gas Sewer: Connected Water: Public Security: None Terms: Cash; Conventional Property Disclosures: Lead Based Paint; Military Airport Vct Sold Info: Financing
Listing Office: RE/MAX Catalina Foothills
IDX
Last Updated: October - 25 - 2024
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