3601 E 2nd Street, Tucson, AZ 85716

$1,735,000
Property Type: Multi-Family Square Footage: 20,192 Lot Size (sq. ft.): 49 Status: Closed
Current Price: $1,735,000 List Date: 11/06/2007 Last Modified: 10/26/2024

Overview

Description

Numbers are actuals rents have good upside. Units are a/c, pool and ample parking. property is 100% OCCUPIED

Listing Details MLS# 20744485

Address Information

Street #
3601
Direction
E
Street Name
2nd
Suffix
Street
State/Province
AZ
Zip Code
85716
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
125-11-0850
Area
Central
Subdivision
Speedway View Addition
Tax Year
2006
Taxes
11758
Assessments
0
Legal Description
S140' Lots 11 & 12 Blk 2 Speedway View addition
Township
14
Community
None
Range
14
Section
9
Municipality/Zoning
Tucson - R3
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
265.2x300
Lot Acres
0.85
Lot Sqft
37026
Lot Size Source
Other
Combined SqFt
20192
Year Built
1962
List Price/SqFt
91.62
Lot Size Price/SqFt
49.96

Property Features

Construction: Concrete Block Main Heating: Baseboard Sewer: Connected Water: Public Security: None Terms: Conventional Property Disclosures: Lead Based Paint; Military Airport Vct Sold Info: Financing

Status Change Info

Off Market Date
2008-02-29
Pending Date
2008-02-06
Sold Date
2008-02-29
Sold Price/SqFt
85.93
Lot Sz Sold Prc/SqFt
46.86
How Sold
Conventional

More Information

Showing Information

Directions
Country Club/Speedway East then South on Richey E on 2nd to address.

Unit Info

# of Units/Studios
22
Avg Mo Rent/Studios
375
# of Units/1 BR
20
Avg Mo Rent/1 BR
454

Analysis

Cap Rate %
6.19
Gross Rent Multi
9.36
Vacancy Rate %
5
Exp/SqFt
4.11
Exp % of Gross
42.03

Income

Gross Scheduled Rent
207960
Vacancy Loss
10398
Adjusted Gross
197562
Total Expenses
83036
Net Opp Income
114526

Expenses

Admin Expenses
300
Contract Services
3000
Insurance
6500
Maintenance Supplies
12500
Resident Manager
9878
Taxes/Assessments
11758
Water/Sewer
26500
Other Expenses
12600

Interior Features

Interior Steps
No

Miscellaneous

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

Construction

Concrete Block
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Heating

Baseboard
Yes

Terms

Conventional
Yes

Security

None
Yes

Sold Info

Financing
Yes

Property Disclosures

Lead Based Paint
Yes
Military Airport Vct
Yes
Listing Office: Long Realty Company
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.