4044 E Flower Street, Tucson, AZ 85712

$1,800,000
Property Type: Commercial Square Footage: 18,396 Lot Size (sq. ft.): 1 Status: Closed
Current Price: $1,800,000 List Date: 3/24/2020 Last Modified: 12/13/2024

Overview

Description

Large property with 26 duplex units and a 3 bedroom house. All duplex units have carports, fenced yards, and storage shed with washer dryer hoookups. Units are separated by the carports and do not have adjoining walls. Many long term tenants. Room to raise rents. Tenants pay gas and electricity, owner pys water trash and sewer. Plenty of parking. All units have swamp coolers and gas wall heaters. Listing agent related to seller.

Listing Details MLS# 22008182

Address Information

Street #
4044
Direction
E
Street Name
Flower
Suffix
Street
State/Province
AZ
Zip Code
85712
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
110-07-1830
Area
Central
Tax Year
2018
Taxes
12332.87
Assessments
0
Taxes For
Building & Land
Legal Description
CATALINA FARMS W2 LOT 21 EXC N10' THEREOF
Municipality/Zoning
Tucson - R2
Fire Protection
Included in Taxes
FEMA Flood Zone
No
Municipal Flood Zone
No

General Property Information

Property Sub-Type
Apartment
Construction Status
Existing
# Units
27
Multi-Tenant
Yes
Year Built
1959
Lot Dimensions
162.525X627.50
Lot Acres
2.34
Lot Sqft
1019930
Lot Size Source
Assessor
Combined SqFt
18396
Source of SqFt
Assessor
List Price/SqFt
97.85
Lot Size Price/SqFt
1.76

Property Features

Construction: Slump Block Roof: Built-Up - Reflect Main Cooling: Central Air; Evaporative Cooling Main Heating: Wall Furnace Water Heater: Electric; Natural Gas Gas: Natural Sewer: Connected Water: Public Fence: Chain Link Landscape - Front: Decorative Gravel Landscape - Rear: Low Care Road Type: Paved Terms: Cash; Conventional; Submit Submit With Offer: Income Property Addendum; Lender Pre-Approval; Loan Pre-Qualifiaction Property Disclosures: Lead Based Paint

Contract Information

Method of Title
Fee (Simple)
Short Sale
No

Status Change Info

Off Market Date
2020-03-24
Pending Date
2020-03-20
Sold Date
2020-03-20
Sold Price/SqFt
97.85
Lot Sz Sold Prc/SqFt
1.76
Financing
Exchange

More Information

Showing Information

Directions
Grant To Columbus,Then N To Flower Then W To Property

Income

Gross Scheduled Rent
213069
Adjusted Gross
213069
Vacancy Loss
0
Other Income
0

Analysis

Gross Rent Multi
8.45
Vacancy Rate %
0

Expenses

Contract Services
3394
Figures Presented
Actual
Insurance
5000
Maintenance Supplies
11111
Taxes/Assessments
13245
Water/Sewer
18882
Other Expenses
2911

Unit Information

Apartment
Low Rise

Apartment Unit Information

# of Units/1 BR
18
Avg Mo Rent/1 BR
550
# of Units/2 BR
8
Avg Mo Rent/2 BR
695
# of Units/3 BR
Yes
Avg Mo Rent/3 BR
895

Space Information

Ceiling Height
8ft

Electric

Electric Company
tep

Parking

# Covered Parking
27

Sold Info

Est. Closing Date
2020-03-20
Seller Concessions
0

Gas

Natural
Yes

Construction

Slump Block
Yes

Sewer

Connected
Yes

Roof

Built-Up - Reflect
Yes

Water

Public
Yes

Fence

Chain Link
Yes

Road Type

Paved
Yes

Main Cooling

Central Air
Yes
Evaporative Cooling
Yes

Main Heating

Wall Furnace
Yes

Water Heater

Electric
Yes
Natural Gas
Yes

Terms

Cash
Yes
Conventional
Yes
Submit
Yes

Submit With Offer

Income Property Addendum
Yes
Lender Pre-Approval
Yes
Loan Pre-Qualifiaction
Yes

Landscape - Front

Decorative Gravel
Yes

Landscape - Rear

Low Care
Yes

Freeway/Highway

2.1 - 5 Mile
Yes

Property Disclosures

Lead Based Paint
Yes
Listing Office: 520 Realty LLC
IDX
Last Updated: December - 13 - 2024
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