2928 N 15th Avenue, Tucson, AZ 85705

$1,290,000
Property Type: Multi-Family Square Footage: 12,000 Lot Size (sq. ft.): 18 Status: Closed
Current Price: $1,290,000 List Date: 6/14/2006 Last Modified: 10/26/2024

Overview

Description

A 40 space mobile home park just south of Ghost Ranch Lodge/Condos with 24 park owned trailers. Pad rents average $257 per month including water/trash. Tenants pay metered electric and gas. Trailers with pads average $436 per month. Scheduled gross is actual. Expenses are actual with on-site co-owner charging 5% management. Please do not enter park or contact owners/manager or tenants without agent permission.

Listing Details MLS# 2623803

Address Information

Street #
2928
Direction
N
Street Name
15th
Suffix
Avenue
State/Province
AZ
Zip Code
85705
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
107-05-1080
Area
Central
Subdivision
Mesa Verde
Tax Year
2005
Taxes
3868
Assessments
0
Legal Description
Mesa Verde lots 7 10 & 11 Blk 2.
Township
13
Community
None
Range
13
Section
35
Municipality/Zoning
Tucson - C2
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
275x285x275x285
Lot Acres
1.77
Lot Sqft
77101
Lot Size Source
Assessor
Combined SqFt
12000
Year Built
1964
List Price/SqFt
116.67
Lot Size Price/SqFt
18.15

Property Features

Sewer: Connected Water: Public Terms: Cash; Conventional; Owner Carry; Submit Property Disclosures: Lead Based Paint Sold Info: Financing

Status Change Info

Off Market Date
2006-08-18
Pending Date
2006-06-16
Sold Date
2006-08-18
Sold Price/SqFt
107.5
Lot Sz Sold Prc/SqFt
16.73
How Sold
Conventional

More Information

Showing Information

Directions
Oracle/Miracle Mile west to 15th Ave south to address. NEC 15th & Laguna.

Unit Info

# of Units/2 BR
24
Avg Mo Rent/2 BR
436
# of Units/Other
16
Avg Mo Rent/Other
257

Analysis

Cap Rate %
10.15
Gross Rent Multi
7.86
Vacancy Rate %
6.19
Exp/SqFt
2.98
Exp % of Gross
20.11

Income

Gross Scheduled Rent
181992
Vacancy Loss
11272
Other Income
7200
Adjusted Gross
177920
Total Expenses
35792
Net Opp Income
142128

Expenses

Admin Expenses
2372
Contract Services
1824
Insurance
1692
Maintenance Supplies
8490
Management
7200
Taxes/Assessments
3868
Water/Sewer
6469
Other Expenses
3877

Interior Features

Interior Steps
Yes

Miscellaneous

Master Elec Meter
Yes
Master Gas Meter
Yes
Master Water Meter
Yes
Package Available
Yes

Sewer

Connected
Yes

Water

Public
Yes

Terms

Cash
Yes
Conventional
Yes
Owner Carry
Yes
Submit
Yes

Sold Info

Financing
Yes

Property Disclosures

Lead Based Paint
Yes
Listing Office: Long Realty
IDX
Last Updated: October - 26 - 2024
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.