319 E Mohave Road, Tucson, AZ 85705 (MLS# 2631800)

319 E Mohave Road, Tucson, AZ 85705

$970,000

The street is scheduled for resurfacing at the end of August 2006. The security gate closes automatically when the street lights come on and opens automatically the street lights go off. There is plenty of off street parking.

Well maintained with concrete steps and upstairs walk ways.

Pool with picnic area. Many of the tenants have lived here for several years and often gather at the pool and patio area.

This is the east side of the property opposite the pool area.

Property Type: Multi-Family Square Footage: 15,154 Lot Size (sq. ft.): 30 Status: Closed

Current Price: $970,000 List Date: 8/10/2006 Last Modified: 10/26/2024

Description

Beautiful 24 unit garden apartment reflects pride of ownership. Seller has owned the property 17 years and has managed the property himself for the past 2 1/2 years. One bedroom units are very large and have walk-in closets. The 5.79% loan is assumable and the rate is fixed for 4 more years. Seller has recently install a security gate across the parking lot which automatically closes at sunset and opens at sunrise. DO NOT CONTACT TENANTS.

More Information MLS# 2631800

Address Information

Country: USA Street #: 319 Direction: E Street Name: Mohave Suffix: Road State/Province: AZ Zip Code: 85705 County: Pima

Location, Tax & Legal

Tax Year: 2005 Taxes: 7484 Assessments: 0 Legal Description: Lot 8, Block 6, GARDEN HOMES Township: 13 Community: None Range: 13 Section: 25 Municipality/Zoning: Tucson - R3 Fire Protection: Included in Taxes Tax Code: 106-04-1080 Area: Central Subdivision: Garden Homes

Status Change Info

Off Market Date: 2006-12-05 Sold Price/SqFt: 64 Lot Sz Sold Prc/SqFt: 27.12 How Sold: Conventional Pending Date: 2006-09-06 Sold Date: 2006-12-05 Sold Price: $970,000

Showing Information

Directions: From Stone Ave. & Ft. Lowell Rd: North on Stone to Mohave, East on Mohave to Address.

General Property Information

Lot Dimensions: 120 X 298.12 Lot Acres: 0.82 Lot Sqft: 35763 Lot Size Source: Assessor List Price/SqFt: 72.59 Lot Size Price/SqFt: 30.75 Combined SqFt: 15154 Year Built: 1982

Unit Info

# of Units/1 BR: 16 Avg Mo Rent/1 BR: 385 # of Units/2 BR: 8 Avg Mo Rent/2 BR: 490

Income

Vacancy Loss: 6000 Other Income: 4706 Adjusted Gross: 118706 Total Expenses: 47141 Gross Scheduled Rent: 120000 Net Opp Income: 71565

Analysis

Gross Rent Multi: 9.26 Vacancy Rate %: 5 Exp/SqFt: 3.11 Exp % of Gross: 39.71 Cap Rate %: 6.5

Construction

Masonry Stucco: 1

Expenses

Admin Expenses: 1806 Capital Expenses: 5191 Contract Services: 5334 Gas/Electric: 4076 Insurance: 4424 Maintenance Supplies: 6854 Resident Manager: 6900 Taxes/Assessments: 7484 Water/Sewer: 5072

Sewer

Connected: 1

Water

Public: 1

Main Cooling

Central Air: 1 Evaporative Cooling: 1

Main Heating

Forced Air: 1 Natural Gas: 1

Interior Features

Interior Steps: No

Terms

Conventional: 1

Sold Info

Financing: 1

Property Disclosures

Unknown: 1

Miscellaneous

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

Contract Information

Current Price: $970,000 Sold Price: $970,000 Listing Date: 2006-08-08 Status: Closed

Remarks Misc

Geo Lat: 32.268904 Geo Lon: -110.966706

Property Features

Construction: Masonry Stucco Main Cooling: Central Air; Evaporative Cooling Main Heating: Forced Air; Natural Gas Sewer: Connected Water: Public Terms: Conventional Property Disclosures: Unknown Sold Info: Financing

Listing Office: Realpros Real Estate

Last Updated: October - 26 - 2024

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