1749 S 6th Avenue, Tucson, AZ 85713 (MLS# 2513570)

1749 S 6th Avenue, Tucson, AZ 85713

$1,400,000

Continual family operation since 1930. Notable guests have included such people as John Dillinger and Tom Mix. This is a Tucson landmark!

The neon sign lights up at night and is featured in a Tucson Electric Power commercial.

All the rooms are very clean and well maintained.

Swimming pool area also has a nice big ramada for shade in the summer and a BBQ.

A 25 space trailer park is included with the motel. Great continual income with low maintenance.

Property Type: Commercial Square Footage: 15,365 Lot Size (sq. ft.): 21 Status: Closed

Current Price: $1,400,000 List Date: 8/29/2005 Last Modified: 10/25/2024

Overview

Description

Parcel #s 118-18-1800, 118-18-1880, 118-18-1930, 118-18-1940. Motel - 32 rooms most with kitchenettes, Gross Rents Monthly $30,800. Mobile Home Park - 25 Spaces, Monthly Rents $4,200

Listing Details MLS# 2513570

Address Information

Street #: 1749
Direction: S
Street Name: 6th
Suffix: Avenue
State/Province: AZ
Zip Code: 85713
County: Pima
Country: USA

Location, Tax & Legal

Tax Code: 118-18-1800
Area: South
Tax Year: 2004
Taxes: 12261
Assessments: 0
Legal Description: Lots 1-3 & 8-14 Blk 15 Chattmans Add Bk2 P22 Lots 15-16-17 & N 1/2 lot 18 Blk5 Hughes Sub Bk3 P92
Municipality/Zoning: Tucson - SR
Fire Protection: Included in Taxes

General Property Information

Property Sub-Type: Other
# Units: 32
Year Built: 1939
Lot Dimensions: 180x200x150x130x300x330x30x85
Lot Acres: 1.76
Lot Sqft: 76518
Lot Size Source: Assessor
Combined SqFt: 15365
Source of SqFt: Assessor
List Price/SqFt: 106.74
Lot Size Price/SqFt: 21.43

Property Features

Construction: Masonry Stucco Main Cooling: Evaporative Cooling; Wall Unit(s); Zoned Main Heating: Wall Furnace Sewer: Connected Water: Public Terms: Cash Property Disclosures: Lead Based Paint

Status Change Info

Off Market Date: 2005-10-31
Pending Date: 2005-10-01
Sold Date: 2005-10-31
Sold Price/SqFt: 91.11
Lot Sz Sold Prc/SqFt: 18.29
Financing: Cash

More Information

Showing Information

Directions: South on 6th Ave from 22nd Street.

Income

Gross Scheduled Rent: 370000
Vacancy Loss: 74000
Other Income: 45000
Adjusted Gross: 341000
Total Expenses: 167484
Net Opp Income: 173516

Analysis

Cap Rate %: 10.58
Gross Rent Multi: 4.8
Vacancy Rate %: 20
Exp/SqFt: 10.9
Exp % of Gross: 49.11

Expenses

Admin Expenses: 62000
Figures Presented: Actual
Gas/Electric: 26985
Insurance: 5641
Maintenance Supplies: 30965
Taxes/Assessments: 12261
Water/Sewer: 11794
Other Expenses: 17838

Property Features

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

Electric

3 Phase Power: No
Master Meter: Yes

Sold Info

Down Payment: 15000
Est. Closing Date: 2005-10-31

Construction

Masonry Stucco: Yes

Sewer

Connected: Yes

Water

Public: Yes

Main Cooling

Evaporative Cooling: Yes
Wall Unit(s): Yes
Zoned: Yes

Main Heating

Wall Furnace: Yes

Terms

Cash: Yes

Property Disclosures

Lead Based Paint: Yes

Listing Office: MH&K Realty

Last Updated: October - 25 - 2024

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