3601 E 2nd Street, Tucson, AZ 85716
$1,125,000
Property Type:
Multi-Family
Square Footage:
20,192
Lot Size (sq. ft.):
30
Status:
Closed
Current Price:
$1,125,000
List Date:
5/09/2005
Last Modified:
10/26/2024
Description
42 Unit apartment building in a great location. Property is in excellent condition & maintains a high occupancy. Owner pays gas & water. 22 apts are furnished. Financials are a blend of actual & proforma numbers.
More Information MLS# 2512444
Address Information
Country: USA
Street #: 3601
Direction: E
Street Name: 2nd
Suffix: Street
State/Province: AZ
Zip Code: 85716
County: Pima
Location, Tax & Legal
Tax Year: 2005
Taxes: 9665
Assessments: 0
Legal Description: Speedway View S140 of Lot 11 & 12 Blk 2
Township: 14
Community: None
Range: 14
Section: 9
Municipality/Zoning: Tucson - R3
Fire Protection: Included in Taxes
Tax Code: 125-11-0850
Area: Central
Subdivision: Speedway View Addition
Status Change Info
Off Market Date: 2005-07-13
Sold Price/SqFt: 55.71
Lot Sz Sold Prc/SqFt: 30.3
How Sold: Cash
Pending Date: 2005-05-16
Sold Date: 2005-07-13
Sold Price: $1,125,000
Showing Information
Directions: W on 2nd from Alvernon
General Property Information
Lot Dimensions: 140 X 265
Lot Acres: 0.85
Lot Sqft: 37128
Lot Size Source: Assessor
List Price/SqFt: 55.72
Lot Size Price/SqFt: 30.3
Combined SqFt: 20192
Year Built: 1962
Unit Info
# of Units/Studios: 22
Avg Mo Rent/Studios: 340
# of Units/1 BR: 20
Avg Mo Rent/1 BR: 368
Income
Vacancy Loss: 13024
Adjusted Gross: 165056
Total Expenses: 89748
Gross Scheduled Rent: 178080
Net Opp Income: 75308
Analysis
Gross Rent Multi: 6.82
Vacancy Rate %: 7.31
Exp/SqFt: 4.44
Exp % of Gross: 54.37
Cap Rate %: 6.69
Construction
Concrete Block: 1
Expenses
Contract Services: 1550
Gas/Electric: 17686
Insurance: 4034
Maintenance Supplies: 37162
Resident Manager: 7502
Taxes/Assessments: 9665
Water/Sewer: 10000
Other Expenses: 2149
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Heat Pump: 1
Main Heating
Heat Pump: 1
Interior Features
Furnished: 1
Interior Steps: No
Terms
Conventional: 1
Security
None: 1
Sold Info
Financing: 1
Property Disclosures
Unknown: 1
Miscellaneous
Master Elec Meter: No
Master Gas Meter: Yes
Master Water Meter: Yes
Package Available: No
Contract Information
Current Price: $1,125,000
Sold Price: $1,125,000
Listing Date: 2005-04-30
Status: Closed
Remarks Misc
Geo Lat: 32.234605
Geo Lon: -110.915546
Property Features
Construction: Concrete Block
Interior Features: Furnished
Main Cooling: Heat Pump
Main Heating: Heat Pump
Sewer: Connected
Water: Public
Security: None
Terms: Conventional
Property Disclosures: Unknown
Sold Info: Financing
Documents
Lead Paint Discl ›
Listing Office:
Coldwell Banker Realty
Last Updated: October - 26 - 2024
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