1503 S Woodland Avenue, Tucson, AZ 85711
$1,075,000
Property Type:
Multi-Family
Square Footage:
14,362
Lot Size (sq. ft.):
34
Status:
Closed
Current Price:
$1,075,000
List Date:
1/12/2006
Last Modified:
10/26/2024
Description
Great apartment priced to sell!!! Property offers court yard setting with pool, security fencing, onsite laundry with six new machines that convey to buyer, large parking lot. Property has been well maintained considering its age. located in a strong rental market, low vacancy. Rents shown are actual and are low for the area, room to raise.
More Information MLS# 2601900
Address Information
Country: USA
Street #: 1503
Direction: S
Street Name: Woodland
Suffix: Avenue
State/Province: AZ
Zip Code: 85711
County: Pima
Location, Tax & Legal
Tax Year: 5
Taxes: 7907
Assessments: 0
Legal Description: supplied in escrow
Township: 14
Community: None
Range: 14
Section: 23
Municipality/Zoning: Tucson - R3
Fire Protection: Included in Taxes
Tax Code: 131-02-157B
Area: Central
Subdivision: Craycroft Terrace
Status Change Info
Off Market Date: 2006-05-19
Sold Price/SqFt: 74.85
Lot Sz Sold Prc/SqFt: 30.52
How Sold: Cash
Pending Date: 2006-03-13
Sold Date: 2006-05-19
Sold Price: $1,075,000
Showing Information
Directions: craycroft to 26th go west to property
General Property Information
Lot Dimensions: 110X310
Lot Acres: 0.81
Lot Sqft: 35218
Lot Size Source: Assessor
List Price/SqFt: 83.55
Lot Size Price/SqFt: 34.07
Combined SqFt: 14362
Year Built: 1980
Unit Info
# of Units/Studios: 8
Avg Mo Rent/Studios: 265
# of Units/1 BR: 12
Avg Mo Rent/1 BR: 325
# of Units/2 BR: 8
Avg Mo Rent/2 BR: 400
Income
Vacancy Loss: 6000
Other Income: 3600
Adjusted Gross: 108240
Total Expenses: 36085
Gross Scheduled Rent: 110640
Net Opp Income: 72155
Analysis
Gross Rent Multi: 11.08
Vacancy Rate %: 5.42
Exp/SqFt: 2.51
Exp % of Gross: 33.33
Cap Rate %: 6.01
Construction
Frame - Stucco: 1
Expenses
Gas/Electric: 5100
Insurance: 4200
Maintenance Supplies: 6200
Management: 6278
Taxes/Assessments: 7907
Water/Sewer: 6400
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Central Air: 1
Evaporative Cooling: 1
Main Heating
Baseboard: 1
Interior Features
Interior Steps: No
Terms
Conventional: 1
Security
None: 1
Sold Info
Financing: 1
Property Disclosures
Unknown: 1
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Package Available: No
Contract Information
Current Price: $1,075,000
Sold Price: $1,075,000
Listing Date: 2006-01-12
Status: Closed
Remarks Misc
Geo Lat: 32.203003
Geo Lon: -110.87615
Property Features
Construction: Frame - Stucco
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Baseboard
Sewer: Connected
Water: Public
Security: None
Terms: Conventional
Property Disclosures: Unknown
Sold Info: Financing
Listing Office:
S.J. Fowler/GMAC Real Estate
Last Updated: October - 26 - 2024
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