315 - 335 N Park Avenue, Tucson, AZ 85719

$1,300,000
Property Type: Multi-Family Square Footage: 6,087 Lot Size (sq. ft.): 35 Status: Closed
Current Price: $1,300,000 List Date: 3/28/2017 Last Modified: 12/09/2024

Overview

Description

RARE FIND.....Special opportunity for redevelopment of R2 zoned property 1 block from the University of Arizona. Assemblage of 8 parcels, almost 1 acre, with some existing rental units. UofA's growth plan already includes 6th Street, so someday this property could be less than one block from campus. One of the Members of the Seller is licensed to sell real estate in Arizona.

Listing Details MLS# 21708476

Address Information

Street #
315 - 335
Direction
N
Street Name
Park
Suffix
Avenue
State/Province
AZ
Zip Code
85719
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
Multiple#
Area
Central
Subdivision
Buells
Comparable Only Listing
No
Tax Year
2016
Taxes
9530
Assessments
0
Taxes For
Dwelling & Land
Legal Description
Mulitiple legals, full legal available upon request.
Township
14
Community
None
Range
14
Section
7
Municipality/Zoning
Tucson - R2
Fire Protection
Included in Taxes
FEMA Flood Zone
TBD
Municipal Flood Zone
Yes

General Property Information

Attached/Detached
Detached
Construction Status
Existing
Lot Dimensions
Irregular
Lot Acres
0.98
Lot Sqft
42688
Lot Size Source
Assessor
Combined SqFt
6087
Year Built
1925
School District
TUSD
Elementary School
Blenman
Middle School
Doolen
High School
Tucson
Horse Property
No
Horse Facilities
No
List Price/SqFt
246.43
Lot Size Price/SqFt
35.14
Total Parking
0

Property Features

Construction: Other Style: Ranch Roof: Rolled Living Areas: Family Room Dining Areas: Breakfast Bar Dining Room: None Breakfast: Area Kitchen Features: Breakfast Nook; Dishwasher Bathroom Features: Shower Only/Primary; Shower Only/Hall Laundry: None Extra Room: Arizona Room Interior Features: Storage Floor Covering: Carpet; Vinyl Window Covering: Stay Technology: Cable TV Main Cooling: Central Air; Wall Unit(s) Main Heating: Baseboard; Forced Air; Natural Gas Water Heater: Natural Gas Gas: Natural Sewer: Connected Water: Public Accessibility Option: Door Levers Security: Window Bars Pool: None Spa: None Fence: Chain Link Landscape - Front: Low Care Landscape - Rear: Low Care View: Sunset Road Type: Dirt; Gravel Driveway: None Exterior Feature: Shed(s) Lot Features: Adjacent to Alley Neighborhood Features: None Assoc Amenities: None Terms: Cash; Conventional; Exchange Property Disclosures: Unknown Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Distressed Info
None

Status Change Info

Off Market Date
2017-08-29
Pending Date
2017-09-16
Sold Date
2017-09-29
Sold Price/SqFt
213.57
Lot Sz Sold Prc/SqFt
30.45
How Sold
Conventional

More Information

Showing Information

Directions
From Euclid and 6th. East to Park Ave. South to Addresses on west side of Park Ave.

Unit Info

# of Units/Studios
2
Avg Mo Rent/Studios
312
# of Units/1 BR
4
Avg Mo Rent/1 BR
784
Avg Mo Rent/2 BR
0
Avg Mo Rent/3 BR
0
Avg Mo Rent/Other
0

Unit 1 Information

Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Analysis

Cap Rate %
1.79
Gross Rent Multi
28.81
Exp/SqFt
3.59
Exp % of Gross
48.41
Vacancy Rate %
0

Income

Gross Scheduled Rent
45120
Adjusted Gross
45120
Total Expenses
21842
Net Opp Income
23278
Vacancy Loss
0
Other Income
0

Expenses

Admin Expenses
500
Capital Expenses
1500
Contract Services
1250
Insurance
2750
Maintenance Supplies
1500
Management
4512
Taxes/Assessments
9530
Other Expenses
300
Figures Presented
Proforma
Gas/Electric
0
Resident Manager
0
Water/Sewer
0

Electric

Electric Company
TEP

Utilities Paid

Cable TV
Tenant
Electric
Tenant
Gas
Tenant
Insurance
Owner
Landscaping
Owner
Pool/Spa Maintenance
Tenant
Sewer
Tenant
Taxes
Owner
Trash
Tenant
Water
Owner

RV Parking

Other
NONE

Subdivision Restrict

Age Restrictions
No
Deed Restrictions
Yes
CC&Rs
Yes

Submit With Offer

Digital Signatures
Yes

Home Protection

Offered
No

Miscellaneous

Package Available
Yes

Gas

Natural
Yes

Construction

Other
Yes

Style

Ranch
Yes

Sewer

Connected
Yes

Roof

Rolled
Yes

Water

Public
Yes

Living Areas

Family Room
Yes

Dining Areas

Breakfast Bar
Yes

Fence

Chain Link
Yes

Dining Room

None
Yes

View

City
Yes
Sunset
Yes

Breakfast

Area
Yes

Road Type

Dirt
Yes
Gravel
Yes

Kitchen Features

Breakfast Nook
Yes
Dishwasher
Yes

Road Maintenance

City
Yes

Lot Features

Adjacent to Alley
Yes

Main Cooling

Central Air
Yes
Wall Unit(s)
Yes

Laundry

None
Yes

Neighborhood Features

None
Yes

Main Heating

Baseboard
Yes
Forced Air
Yes
Natural Gas
Yes

Extra Room

Arizona Room
Yes

Water Heater

Natural Gas
Yes

Association & Fees

HOA
No

Interior Features

Storage
Yes

Bathroom Features

Shower Only/Primary
Yes
Shower Only/Hall
Yes

Terms

Cash
Yes
Conventional
Yes
Exchange
Yes

Floor Covering

Carpet
Yes
Vinyl
Yes

Window Covering

Stay
Yes

Accessibility Option

Door Levers
Yes

Technology

Cable TV
Yes

Security

Window Bars
Yes

Sold Info

Seller Concessions
0

Landscape - Front

Low Care
Yes

Landscape - Rear

Low Care
Yes

Patio/Deck

None
Yes

Pool

None
Yes

Property Disclosures

Unknown
Yes

Spa

None
Yes

Special Conditions

None
Yes

Driveway

None
Yes

Exterior Feature

Shed(s)
Yes

Assoc Amenities

None
Yes
Listing Office: Tucson Integrity Realty, LLC
IDX
Last Updated: December - 09 - 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.