41 W Delano Street, Tucson, AZ 85705

$1,200,000
Property Type: Multi-Family Square Footage: 2,988 Lot Size (sq. ft.): 53,143 Status: Closed
Current Price: $1,200,000 List Date: 12/08/2010 Last Modified: 12/06/2024

Overview

Description

One owner, carefully maintained, operated and managed for 25 years. Located in the heart of the city,mid-way between downtown and Tucson Mall, with easy access to all employment centers and shopping, and frequent bus service.

Listing Details MLS# 21040529

Address Information

Street #
41
Direction
W
Street Name
Delano
St Suffix
Street
State
AZ
Zip Code
85705
County
Pima
Country
USA

Location, Tax & Legal

Assessor #
107-11-177A
Area
Central
Subdivision/Neighborhood
Coronado Heights
Municipality/Zoning
Tucson - R3

General Property Information

Lot Dimensions
210.23 X 240
Lot Sqft
53143
Lot Size Source
Assessor
LivingArea
2988
Year Built
1958
Lot Acres
1.22
List Price/SqFt
421.69
Lot Size Price/SqFt
23.71

Property Features

Sewer: Connected Terms: Cash; Owner Carry; Submit Property Disclosures: Unknown

Contract Information

Listing Price
1260000
Distressed Info
None

Status Change Info

Off Market Date
2011-07-16
Under Contract Date
2011-08-08
Sold Date
2011-08-09
Sold Price/SqFt
401.61
How Sold
Cash Owner Carryback
Lot Sz Sold Prc/SqFt
22.58

More Information

Showing Information

Directions
Stone/Ft Lowell--S 1 block to Delano, then W to 41 and 51 W Delano. Circular drive thru property.

Analysis

CAPRate
8.13
Gross Rent Multi
7.95
Vacancy Rate %
8.14
Exp % of Gross
35.36
Exp/SqFt
18.76

Income

GrossScheduledIncome
169428
Vacancy Loss
13785
Other Income
2880
Adjusted Gross
158523
Total Expenses
56054
NetOperatingIncome
102469

Expenses

Admin Expenses
4704
Capital Expenses
5800
Insurance
5127
Maintenance Supplies
8614
Management
7840
Other Expenses
1345
Figures Presented
Actual
Gas/Electric
13416
Taxes/Assessments
9208
Water/Sewer
0

Interior Features

Interior Steps
No

Sold Info

Down Payment
240000

Miscellaneous

Master Elec Meter
No
Master Gas Meter
No
Master Water Meter
Yes

Unit Info

# of Units/Studios
8
Avg Mo Rent/Studios
333.38
# of Units/1 BR
8
Avg Mo Rent/1 BR
450
# of Units/2 BR
8
Avg Mo Rent/2 BR
608.38
Avg Mo Rent/3 BR
0
# of Units/Other
5
Avg Mo Rent/Other
597

Water

Public
Yes

Terms

Conventional
Yes
IDX
Listing Office: Keller Williams Southern Arizona
Last Updated: December - 06 - 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 2026 MLS of Southern Arizona. All Rights Reserved.