4253 E Flower Street, Tucson, AZ 85712

$1,350,000
Property Type: Commercial Square Footage: 8,375 Lot Size (sq. ft.): 75,459 Status: Closed
Current Price: $1,350,000 List Date: 11/06/2019 Last Modified: 12/12/2024

Overview

Description

Unique ability to initiate an Opportunity Zone purchase and development on a property that will provide immediate and ongoing cash flow. Currently a 20 unit complex with 5 separate buildings spread over 2 acres of land with the ability with the ability to add 10 more units.

Listing Details MLS# 21928730

Address Information

Street #
4253
Direction
E
Street Name
Flower
Suffix
Street
State/Province
AZ
Zip Code
85712
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
110-07-1590
Area
Central

General Property Information

Property Sub-Type
Apartment
Construction Status
Existing
# Units
20
Total Parking
40
Multi-Tenant
Yes
Year Built
1959
Lot Dimensions
75,459.00F
Lot Acres
1.76
Lot Sqft
75459
Lot Size Source
Assessor
Combined SqFt
8375
Source of SqFt
Assessor
List Price/SqFt
161.19
Lot Size Price/SqFt
17.89

Property Features

Property Features: Smoke Detector Construction: Brick Roof: Built-Up Main Cooling: Wall Unit(s) Main Heating: Other Water Heater: Electric; Natural Gas Gas: Natural Sewer: Connected Water: Public Fence: Chain Link Landscape - Front: Natural Desert Landscape - Rear: Low Care; Trees Road Type: Dirt; Gravel Parking: Private Parking Terms: Submit Property Disclosures: Lead Based Paint

Contract Information

Method of Title
Fee (Simple)
Short Sale
No

Status Change Info

Off Market Date
2020-04-01
Pending Date
2020-05-15
Sold Date
2020-05-15
Sold Price/SqFt
161.19
Lot Sz Sold Prc/SqFt
17.89
Financing
Conventional

More Information

Showing Information

Directions
From Grant Road to Columbus Blvd. N to Flower street W to address. Property on North side of street.

Income

Gross Scheduled Rent
109748
Other Income
5302
Net Opp Income
97800

Expenses

Admin Expenses
1648
Figures Presented
Actual
Gas/Electric
6082
Maintenance Supplies
2938
Taxes/Assessments
7085
Water/Sewer
7993

Apartment Unit Information

# of Units/1 BR
20
Avg Mo Rent/1 BR
468

Electric

Electric Company
TEP
IDX
Listing Office: Equilibrium Realty
Last Updated: December - 12 - 2024
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