215 N Park Avenue, Tucson, AZ 85719

$1,684,000
Property Type: Commercial Square Footage: 6,768 Lot Size (sq. ft.): 112 Status: Closed
Current Price: $1,684,000 List Date: 5/01/2023 Last Modified: 12/21/2024

Overview

Description

Located just two city blocks south of the University of Arizona, this 20 unit apartment complex features paved parking, on-site laundry, and a pool. Each studio offers a full bathroom with neutral Tub/Shower, spacious closet, and wall heating and a/c. Well maintained grounds and walking distance to the university campus, restaurants, and athletic facilities.

Listing Details MLS# 22307518

Address Information

Street #
215
Direction
N
Street Name
Park
Suffix
Avenue
State/Province
AZ
Zip Code
85719
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
124-07-001A
Area
Central
Tax Year
2022
Taxes
6874.71
Assessments
0
Taxes For
Building & Land
Legal Description
Rieckers Lot 1 Blk 1 & Lot 9 Blk 31 Buells
Municipality/Zoning
Tucson - 03
Fire Protection
Included in Taxes
FEMA Flood Zone
Yes
Municipal Flood Zone
TBD

General Property Information

Property Sub-Type
Apartment
Construction Status
Existing
# Units
20
Total Parking
20
Multi-Tenant
Yes
Year Built
1961
Lot Dimensions
irregular
Lot Acres
0.36
Lot Sqft
15594
Lot Size Source
Assessor
Combined SqFt
6768
Source of SqFt
Assessor
List Price/SqFt
258.42
Lot Size Price/SqFt
112.16

Property Features

Property Features: Smoke Detector; Storage Construction: Brick Roof: Built-Up - Reflect Main Cooling: Wall Unit(s) Main Heating: Wall Furnace Water Heater: Electric Gas: None Sewer: Connected Water: Public Fence: Chain Link; Stucco Finish; Wood Landscape - Front: Decorative Gravel; Low Care; Shrubs Landscape - Rear: Low Care Road Type: Paved Parking: Paved Parking Lot Features: Corner Lot Terms: Cash; Conventional Possession: Recording Submit With Offer: Loan Status; Proof of Funds Property Disclosures: Military Airport Vct Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Short Sale
No

Status Change Info

Off Market Date
2023-05-09
Pending Date
2023-07-19
Sold Date
2023-07-25
Sold Price/SqFt
248.82
Lot Sz Sold Prc/SqFt
107.99
Financing
Other

More Information

Showing Information

Directions
Broadway and Campbell, West on Broadway, north on Park, corner of 8th and Park

Income

Gross Scheduled Rent
144000

Expenses

Figures Presented
Proforma
Gas/Electric
4900
Insurance
2875
Taxes/Assessments
7006
Water/Sewer
6997

Unit Information

Apartment
Mid Rise

Apartment Unit Information

# of Units/Studios
20
Avg Mo Rent/Studios
600

Electric

Electric Company
TEP

Gas

None
Yes

Construction

Brick
Yes

Sewer

Connected
Yes

Roof

Built-Up - Reflect
Yes

Water

Public
Yes

Property Features

Smoke Detector
Yes
Storage
Yes

Fence

Chain Link
Yes
Stucco Finish
Yes
Wood
Yes

Road Type

Paved
Yes

Lot Features

Corner Lot
Yes

Main Cooling

Wall Unit(s)
Yes

Main Heating

Wall Furnace
Yes

Water Heater

Electric
Yes

Terms

Cash
Yes
Conventional
Yes

Submit With Offer

Loan Status
Yes
Proof of Funds
Yes

Sold Info

Seller Concessions
0
Seller Paid Repairs
0

Landscape - Front

Decorative Gravel
Yes
Low Care
Yes
Shrubs
Yes

Landscape - Rear

Low Care
Yes

Parking

Paved Parking
Yes

Freeway/Highway

2.1 - 5 Mile
Yes

Possession

Recording
Yes

Property Disclosures

Military Airport Vct
Yes

Special Conditions

None
Yes

Documents

Listing Office: Tierra Antigua Realty
IDX
Last Updated: December - 21 - 2024
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