2840 N Park Avenue, Tucson, AZ 85719

$1,317,000
Property Type: Multi-Family Square Footage: 14,197 Lot Size (sq. ft.): 19 Status: Closed
Current Price: $1,317,000 List Date: 8/05/2013 Last Modified: 12/07/2024

Overview

Description

3 tax codes 113-08-0540 & 113-08-0550 & 113-08-0560. 26 spacious 1- BR units in 7 single-story buildings. Great curb appeal. Each unit approx. 540sq ft. equipped with built in dresser, refrig., kitchen pantry and large private patio. Lots of shopping and restaurants nearby. One block off Mountain bike path to U of A (2840-2890 N. Park Ave.)

Listing Details MLS# 21320814

Address Information

Street #
2840
Direction
N
Street Name
Park
Suffix
Avenue
State/Province
AZ
Zip Code
85719
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
113-08-0540
Area
Central
Subdivision
Catalina Poultry Acres NO 1
Tax Year
2012
Taxes
11387
Assessments
0
Legal Description
Lots 2 & 4 Catalina Poultry Acres Unit 1 bk 5 pg 70
Township
13
Community
None
Range
14
Section
31
Municipality/Zoning
Tucson - R2
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
314.80 x 254
Lot Acres
1.84
Lot Sqft
80150
Lot Size Source
Assessor
Combined SqFt
14197
Year Built
1977
List Price/SqFt
111.64
Lot Size Price/SqFt
19.78

Property Features

Construction: Frame - Stucco Main Cooling: Central Air Main Heating: Electric; Forced Air Sewer: Connected Water: Public Security: None Terms: Cash; Conventional Property Disclosures: Lead Based Paint

Contract Information

Distressed Info
None

Status Change Info

Off Market Date
2013-10-14
Pending Date
2014-01-13
Sold Date
2014-01-13
Sold Price/SqFt
92.77
Lot Sz Sold Prc/SqFt
16.43
How Sold
Conventional

More Information

Showing Information

Directions
Park/Glenn 1 block North to address 2840-2890 N. Park Ave.

Unit Info

# of Units/1 BR
26
Avg Mo Rent/1 BR
578
Avg Mo Rent/Studios
0
Avg Mo Rent/2 BR
0
Avg Mo Rent/3 BR
0
Avg Mo Rent/Other
0

Analysis

Cap Rate %
8.79
Gross Rent Multi
7.46
Vacancy Rate %
4.37
Exp/SqFt
4.28
Exp % of Gross
34.43

Income

Gross Scheduled Rent
181051
Vacancy Loss
7917
Other Income
3500
Adjusted Gross
176634
Total Expenses
60814
Net Opp Income
115820

Expenses

Contract Services
6345
Gas/Electric
839
Insurance
5938
Maintenance Supplies
25044
Taxes/Assessments
11507
Water/Sewer
11141
Figures Presented
Proforma
Admin Expenses
0
Capital Expenses
0
Management
0
Resident Manager
0
Other Expenses
0

Miscellaneous

Master Water Meter
Yes
Package Available
Yes

Construction

Frame - Stucco
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Central Air
Yes

Main Heating

Electric
Yes
Forced Air
Yes

Terms

Cash
Yes
Conventional
Yes

Security

None
Yes

Property Disclosures

Lead Based Paint
Yes
Listing Office: Long Realty Company
IDX
Last Updated: December - 07 - 2024
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