2850 N Park Avenue, Tucson, AZ 85719 (MLS# 20741905)

2850 N Park Avenue, Tucson, AZ 85719

$1,350,000

Superb curb appeal! Attractive frame and stucco construction, screened cooling units and well maintained desert landscaping. Each unit has a private courtyard-like patio, kitchen pantry and built-in dresser.

Property Type: Multi-Family Square Footage: 14,197 Lot Size (sq. ft.): 17 Status: Closed

Current Price: $1,350,000 List Date: 10/15/2007 Last Modified: 10/26/2024

Overview

Description

Super Income Opportunity! 26 spacious 1-BD units in 7 single-story bldgs. 100% Occupied! Strong rental history. Low unit density (14 Units/Acre). Superb curb appeal. Each unit approx. 540s.f. equipped with screened evap. cooling, built-in dresser, refrig., cable hookup, kitchen pantry and rare private patio. Select units are equipped with ceiling fans. Albertson's, Ace, Casa Molina, Sauce, Beyond Bread, Pastiche, Chicago Pizza, & Rubios nearby.

Listing Details MLS# 20741905

Address Information

Street #: 2850
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: 2007
Taxes: 7341
Assessments: 0
Legal Description: To be provided by Title Company.
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 254.00
Lot Acres: 1.84
Lot Sqft: 79976
Lot Size Source: Assessor
Combined SqFt: 14197
Year Built: 1983
List Price/SqFt: 98.26
Lot Size Price/SqFt: 17.44

Property Features

Construction: Frame - Stucco Main Cooling: Central Air; Evaporative Cooling Main Heating: Baseboard Sewer: Connected Water: Public Security: None Terms: Cash; Conventional; Owner Carry; Submit Property Disclosures: Lead Based Paint; Unknown Sold Info: Financing

Status Change Info

Off Market Date: 2008-02-06
Pending Date: 2007-10-26
Sold Date: 2008-02-06
Sold Price/SqFt: 95.09
Lot Sz Sold Prc/SqFt: 16.88
How Sold: Cash

More Information

Showing Information

Directions: Park and Glenn, 1 Block N to address.

Unit Info

# of Units/1 BR: 26
Avg Mo Rent/1 BR: 455

Analysis

Cap Rate %: 6.65
Gross Rent Multi: 10.34
Vacancy Rate %: 5
Exp/SqFt: 2.96
Exp % of Gross: 31.18

Income

Gross Scheduled Rent: 141960
Vacancy Loss: 7098
Adjusted Gross: 134862
Total Expenses: 42060
Net Opp Income: 92802

Expenses

Contract Services: 4096
Gas/Electric: 1366
Insurance: 2404
Maintenance Supplies: 6763
Management: 9440
Taxes/Assessments: 7341
Water/Sewer: 3500
Other Expenses: 7150

Interior Features

Interior Steps: No

Miscellaneous

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

Construction

Frame - Stucco: Yes

Sewer

Connected: Yes

Water

Public: Yes

Main Cooling

Central Air: Yes
Evaporative Cooling: Yes

Main Heating

Baseboard: Yes

Terms

Cash: Yes
Conventional: Yes
Owner Carry: Yes
Submit: Yes

Security

None: Yes

Sold Info

Financing: Yes

Property Disclosures

Lead Based Paint: Yes
Unknown: Yes

Documents

Lead Paint Discl ›

Listing Office: Buette DeRousseCommercial R.E.

Last Updated: October - 26 - 2024

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