219 W Fort Lowell Road, Tucson, AZ 85705
$1,350,000
Property Type:
Commercial
Square Footage:
18,148
Lot Size (sq. ft.):
33
Status:
Closed
Current Price:
$1,350,000
List Date:
6/07/2018
Last Modified:
12/10/2024
Overview
Description
Listing Details MLS# 21816042
Address Information
- Street #
- 219
- Direction
- W
- Street Name
- Fort Lowell
- Suffix
- Road
- State/Province
- AZ
- Zip Code
- 85705
- County
- Pima
- Country
- USA
Location, Tax & Legal
- Tax Code
- 107-11-1200
- Area
- Central
- Tax Year
- 2017
- Taxes
- 8518.07
- Assessments
- 77274
- Legal Description
- Coronado Heights Lot 2 and W2 Lot 6 Blk 7
- Development Name
- Coronado Heights
- Municipality/Zoning
- Tucson - C2
- Fire Protection
- Included in Taxes
- FEMA Flood Zone
- TBD
- Municipal Flood Zone
- TBD
General Property Information
- Property Sub-Type
- Apartment
- Construction Status
- Existing
- # Units
- 38
- Total Parking
- 43
- Multi-Tenant
- Yes
- Year Built
- 1985
- Lot Dimensions
- 311.35 X 143.78
- Lot Acres
- Yes
- Lot Sqft
- 43560
- Lot Size Source
- Assessor
- Combined SqFt
- 18148
- Source of SqFt
- Assessor
- List Price/SqFt
- 79.9
- Lot Size Price/SqFt
- 33.29
Property Features
Property Features:
Smoke Detector
Construction:
Frame - Stucco
Roof:
Built-Up
Main Cooling:
Central Air
Main Heating:
Heat Pump
Water Heater:
Electric
Gas:
Natural
Sewer:
Connected
Water:
Public
Accessibility Option:
Level
Security:
Security Lights
Fence:
Block
Landscape - Front:
Low Care
Landscape - Rear:
Low Care
Road Type:
Paved
Parking:
Paved Parking
Lot Features:
East/West Exposure
Business Location:
Multiple Locations
Traffic Count:
Unknown
Terms:
Submit
Submit With Offer:
Proof of Funds
Contract Information
- Short Sale
- No
Status Change Info
- Off Market Date
- 2018-08-03
- Pending Date
- 2018-10-22
- Sold Date
- 2018-10-29
- Sold Price/SqFt
- 74.39
- Lot Sz Sold Prc/SqFt
- 30.99
- Financing
- Other
More Information
Showing Information
- Directions
- From Downtown North on Stone to Fort Lowell then West on Fort Lowell to Property which sits on the south side of the street.
Income
- Gross Scheduled Rent
- 250800
- Vacancy Loss
- 22572
- Other Income
- 18400
- Adjusted Gross
- 246628
- Total Expenses
- 68803
- Net Opp Income
- 177825
Analysis
- Cap Rate %
- 13.17
- Gross Rent Multi
- 5.47
- Vacancy Rate %
- 9
- Exp/SqFt
- 3.79
- Exp % of Gross
- 27.9
Expenses
- Admin Expenses
- 380
- Figures Presented
- Proforma
- Gas/Electric
- 7000
- Insurance
- 5040
- Maintenance Supplies
- 15000
- Management
- 9865
- Taxes/Assessments
- 8518
- Water/Sewer
- 23000
- Captial Expenses
- 0
- Contract Services
- 0
- Resident Manager
- 0
- Other Expenses
- 0
Unit Information
- Adult Housing
- Independent Living Residences
- Apartment
- Low Rise
Apartment Unit Information
- # of Units/1 BR
- 38
- Avg Mo Rent/1 BR
- 475
Property Features
- A.D.A. Compliant
- Yes
- Smoke Detector
- Yes
Electric
- Electric Company
- TEP
Gas
- Natural
- Yes
Construction
- Frame - Stucco
- Yes
Sewer
- Connected
- Yes
Roof
- Built-Up
- Yes
Water
- Public
- Yes
Fence
- Block
- Yes
Road Type
- Paved
- Yes
Lot Features
- East/West Exposure
- Yes
Main Cooling
- Central Air
- Yes
Main Heating
- Heat Pump
- Yes
Water Heater
- Electric
- Yes
Terms
- Submit
- Yes
Submit With Offer
- Proof of Funds
- Yes
Accessibility Option
- Level
- Yes
Security
- Security Lights
- Yes
Sold Info
- Seller Concessions
- 0
Landscape - Front
- Low Care
- Yes
Landscape - Rear
- Low Care
- Yes
Parking
- Paved Parking
- Yes
Business Location
- Multiple Locations
- Yes
Freeway/Highway
- Access
- Yes
Traffic Count
- Unknown
- Yes
Offering Memorandum ›
Listing Office:
Equilibrium Realty
Last Updated: December - 10 - 2024
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