4399 E Pima Street, Tucson, AZ 85712

$2,050,000
Property Type: Multi-Family Square Footage: 65,544 Lot Size (sq. ft.): 271 Status: Closed
Current Price: $2,050,000 List Date: 8/22/2003 Last Modified: 10/25/2024

Overview

Description

Great units in central Tucson location. 48- 1BR/1BA 677 sq.ft.; 24- 2BR/1BA 839 sq. ft.; 8-2BR/2BA 940 sq.ft. Tenants are sub-metered for gas & separately metered for electricity. Property is carrying both on site & off site management. Owners proforma is fairly accurate for future projections. Actual numbers will show a lot of capital expenses.

Listing Details MLS# 2303130

Address Information

Street #
4399
Direction
E
Street Name
Pima
Suffix
Street
State/Province
AZ
Zip Code
85712
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
122-06-0490
Area
Central
Subdivision
Sierra Vista
Tax Year
2003
Taxes
15840
Assessments
0
Legal Description
Sierra Vista W150' of the E330' of L7 Exc N30' & S25' Thereof Blk 4
Township
14
Community
None
Range
14
Section
3
Municipality/Zoning
Tucson - R3
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
300 X 270
Lot Acres
0.19
Lot Sqft
8102
Lot Size Source
Other
Combined SqFt
65544
Year Built
1963
List Price/SqFt
33.57
Lot Size Price/SqFt
271.53

Property Features

Construction: Concrete Block Main Cooling: Central Air Main Heating: Forced Air; Natural Gas Sewer: Connected Water: Public Security: None Terms: Cash; Conventional; Owner Carry Property Disclosures: Lead Based Paint; Military Airport Vct Sold Info: Financing

Status Change Info

Off Market Date
2003-11-30
Pending Date
2003-08-27
Sold Date
2003-11-30
Sold Price/SqFt
31.27
Lot Sz Sold Prc/SqFt
253.02
How Sold
Conventional

More Information

Showing Information

Directions
Columbus, East on Pima to address - Desert Garden Apartments

Unit Info

# of Units/1 BR
48
Avg Mo Rent/1 BR
350
# of Units/2 BR
24
Avg Mo Rent/2 BR
450
# of Units/Other
8
Avg Mo Rent/Other
495

Analysis

Cap Rate %
6.85
Gross Rent Multi
6.64
Vacancy Rate %
14.65
Exp/SqFt
2.74
Exp % of Gross
54.45

Income

Gross Scheduled Rent
387720
Vacancy Loss
56808
Adjusted Gross
330912
Total Expenses
180197
Net Opp Income
150715

Expenses

Capital Expenses
25000
Gas/Electric
8858
Insurance
11620
Maintenance Supplies
62614
Management
13500
Resident Manager
13422
Taxes/Assessments
14441
Water/Sewer
20742
Other Expenses
10000

Interior Features

Interior Steps
Yes

Miscellaneous

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

Construction

Concrete Block
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Central Air
Yes

Main Heating

Forced Air
Yes
Natural Gas
Yes

Terms

Cash
Yes
Conventional
Yes
Owner Carry
Yes

Security

None
Yes

Sold Info

Financing
Yes

Property Disclosures

Lead Based Paint
Yes
Military Airport Vct
Yes
Listing Office: Berkshire Hathaway Homeservices Premier Properties
IDX
Last Updated: October - 25 - 2024
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