1741 W Wetmore Road, Tucson, AZ 85705

$1,172,500
Property Type: Multi-Family Square Footage: 132,858 Lot Size (sq. ft.): 132,858 Status: Closed
Current Price: $1,172,500 List Date: 2/15/2005 Last Modified: 10/26/2024

Overview

Description

Very clean pride of ownership 42 space mobile home park. Property consists of 41 park owned rental units, 1 rented lot. Tenants pay for ALL utilities, NEW Gas line installed in 03,owned & billed by SW Gas. NEW streets in 03. This property is located on 3.05 acres. Owners currently/have managed property since 1998. Small office included, this is a turn key operation and excellent investment opportunity. Seller is licensed real estate agent in AZ.

Listing Details MLS# 2428408

Address Information

Street #
1741
Direction
W
Street Name
Wetmore
Suffix
Road
State/Province
AZ
Zip Code
85705
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
104-07-045A
Area
Central
Subdivision
Unsubdivided

General Property Information

Lot Dimensions
419x315x419x316
Lot Acres
3.05
Lot Sqft
132858
Lot Size Source
Assessor
Combined SqFt
132858
Year Built
1966
List Price/SqFt
9.78
Lot Size Price/SqFt
9.78

Property Features

Construction: Other Main Cooling: Central Air; Evaporative Cooling Main Heating: Forced Air; Natural Gas Sewer: Connected Security: None Terms: Cash; Conventional; Exchange; Submit Property Disclosures: Lead Based Paint Sold Info: Financing

Status Change Info

Off Market Date
2005-07-01
Pending Date
2005-04-11
Sold Date
2005-07-01
Sold Price/SqFt
8.82
Lot Sz Sold Prc/SqFt
8.82
How Sold
Cash Owner Carryback

More Information

Showing Information

Directions
Oracle and Wetmore go west on Wetmore to address on south side of Wetmore. Go south down private drive 300 to property.

Unit Info

# of Units/1 BR
2
Avg Mo Rent/1 BR
380
# of Units/2 BR
11
Avg Mo Rent/2 BR
408
# of Units/3 BR
28
Avg Mo Rent/3 BR
488

Analysis

Cap Rate %
11.41
Gross Rent Multi
5.53
Vacancy Rate %
11.87
Exp/SqFt
0.65
Exp % of Gross
36.85

Income

Gross Scheduled Rent
227280
Vacancy Loss
27000
Other Income
34800
Adjusted Gross
235080
Total Expenses
86647
Net Opp Income
148433

Expenses

Gas/Electric
20108
Insurance
6086
Maintenance Supplies
4643
Resident Manager
13178
Taxes/Assessments
8850
Water/Sewer
6082
Other Expenses
27700

Interior Features

Interior Steps
No

Water

Water Company
Flowing Wells

Miscellaneous

Master Elec Meter
Yes
Master Gas Meter
No
Master Water Meter
Yes
Package Available
Yes
IDX
Listing Office: Coldwell Banker Realty
Last Updated: October - 26 - 2024
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