2114 N Forgeus Avenue, Tucson, AZ 85716

$1,150,000
Property Type: Multi-Family Square Footage: 14,592 Lot Size (sq. ft.): 18 Status: Closed
Current Price: $1,150,000 List Date: 1/06/2005 Last Modified: 10/26/2024

Overview

Description

TERRIFIC CENTRAL LOCATION-CLOSE TO U OF A & BUS LINES-CASITA-LIKE COMPLEX-18- 2 BEDROOMS UNITS 4-1 BEDROOM UNITS, LOTS OF PARKING- NICE CURB APPEAL. INCLUDES EMPTY LOT (CAN BUILD ON IT) EXPENSES ARE ACTUAL.

Listing Details MLS# 2430872

Address Information

Street #
2114
Direction
N
Street Name
Forgeus
St Suffix
Avenue
State
AZ
Zip Code
85716
County
Pima
Country
USA

Location, Tax & Legal

Assessor #
123-02-1140
Area
Central
Subdivision/Neighborhood
New Deal Acres
Tax Year
2003
Taxes
8156
Assessments
0
Legal Description
NEW DEAL ACRES LOT 7 & LOT 8 BLOCK 6
Township
14
Community
None
Range
14
Section
5
Municipality/Zoning
Tucson - R1
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
230X300
Lot Sqft
68825
Lot Size Source
Assessor
LivingArea
14592
Year Built
1948
Lot Acres
1.58
List Price/SqFt
85.66
Lot Size Price/SqFt
18.16

Property Features

Construction: Brick Main Cooling: Central Air; Evaporative Cooling Sewer: Connected

Contract Information

Listing Price
1250000

Status Change Info

Off Market Date
2005-07-29
Under Contract Date
2005-04-14
Sold Date
2005-07-29
Sold Price/SqFt
78.81
How Sold
Conventional
Lot Sz Sold Prc/SqFt
16.7

More Information

Showing Information

Directions
FROM TUCSON & GRANT, EAST TO FORGEUS, SOUTH TO ADDRESS.

Analysis

CAPRate
7.61
Gross Rent Multi
9.4
Vacancy Rate %
4.98
Exp % of Gross
28.38
Exp/SqFt
2.58

Income

GrossScheduledIncome
133500
Vacancy Loss
6650
Other Income
6027
Adjusted Gross
132877
Total Expenses
37722
NetOperatingIncome
95155

Expenses

Admin Expenses
248
Insurance
6932
Maintenance Supplies
7838
Other Expenses
4584
Gas/Electric
5980
Taxes/Assessments
8156
Water/Sewer
3984

Interior Features

Interior Steps
Yes

Miscellaneous

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

Unit Info

# of Units/1 BR
4
Avg Mo Rent/1 BR
440
# of Units/2 BR
18
Avg Mo Rent/2 BR
525

Construction

Brick
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Central Air
Yes
Evaporative Cooling
Yes

Main Heating

Wall Furnace
Yes

Terms

Conventional
Yes

Security

None
Yes

Sold Info

Financing
Yes

Property Disclosures

Military Airport Vct
Yes
IDX
Listing Office: Rich Realty, Inc.
Last Updated: October - 26 - 2024
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