1742 N Oracle Road, Tucson, AZ 85705

$1,300,000
Property Type: Multi-Family Square Footage: 18,199 Lot Size (sq. ft.): 32 Status: Closed
Current Price: $1,300,000 List Date: 3/01/2006 Last Modified: 10/26/2024

Overview

Description

Great Fixer-Upper Apartments encompassing 48 units, 3 bed-room house, and Retail Store on 1.1 + acres near UofA and downtown Tucson. Huge Upside Potential!!!

Listing Details MLS# 2608503

Address Information

Street #
1742
Direction
N
Street Name
Oracle
Suffix
Road
State/Province
AZ
Zip Code
85705
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
115-07-0750
Area
Central
Subdivision
Bronx Park Addition
Tax Year
2004
Taxes
23751
Assessments
0
Legal Description
Bronx Park Lots 1 2 3 12 13 & 14 Blk 42
Township
14
Community
None
Range
13
Section
Yes
Municipality/Zoning
Tucson - C3
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
150X324
Lot Acres
1.12
Lot Sqft
48600
Lot Size Source
Assessor
Combined SqFt
18199
Year Built
1956
List Price/SqFt
87.92
Lot Size Price/SqFt
32.92

Property Features

Construction: Concrete Block Interior Features: Furnished Main Cooling: Wall Unit(s) Main Heating: Wall Furnace Sewer: Connected Water: Public Neighborhood Features: Gated Community Terms: Conventional; Owner Carry Property Disclosures: Unknown Sold Info: Financing

Status Change Info

Off Market Date
2006-04-28
Pending Date
2006-03-14
Sold Date
2006-04-28
Sold Price/SqFt
71.43
Lot Sz Sold Prc/SqFt
26.74
How Sold
Other

More Information

Showing Information

Directions
Speedway/Oracle N on Oracle to address

Unit Info

# of Units/1 BR
37
Avg Mo Rent/1 BR
520
# of Units/2 BR
11
Avg Mo Rent/2 BR
560
# of Units/3 BR
Yes
Avg Mo Rent/3 BR
1000
# of Units/Other
Yes
Avg Mo Rent/Other
1000

Analysis

Cap Rate %
9.83
Gross Rent Multi
5.35
Vacancy Rate %
10
Exp/SqFt
7.78
Exp % of Gross
47.37

Income

Gross Scheduled Rent
328800
Vacancy Loss
32880
Other Income
3000
Adjusted Gross
298920
Total Expenses
141601
Net Opp Income
157319

Expenses

Admin Expenses
1500
Capital Expenses
20000
Contract Services
2500
Gas/Electric
34000
Insurance
8500
Maintenance Supplies
20000
Management
21000
Taxes/Assessments
23751
Other Expenses
10350

Interior Features

Interior Steps
No
Furnished
Yes

Miscellaneous

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

Construction

Concrete Block
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Wall Unit(s)
Yes

Neighborhood Features

Gated Community
Yes

Main Heating

Wall Furnace
Yes

Terms

Conventional
Yes
Owner Carry
Yes

Sold Info

Financing
Yes

Property Disclosures

Unknown
Yes
Listing Office: S.J. Fowler/GMAC Real Estate
IDX
Last Updated: October - 26 - 2024
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