4399 E Pima Street, Tucson, AZ 85712

$2,050,000
Property Type: Multi-Family Square Footage: 65,544 Lot Size (sq. ft.): 8,102 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
St Suffix
Street
State
AZ
Zip Code
85712
County
Pima
Country
USA

Location, Tax & Legal

Assessor #
122-06-0490
Area
Central
Subdivision/Neighborhood
Sierra Vista
Municipality/Zoning
Tucson - R3

General Property Information

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

Property Features

Construction: Concrete Block Main Cooling: Central Air Main Heating: Forced Air Sewer: Connected Terms: Cash; Owner Carry Property Disclosures: Lead Based Paint

Contract Information

Listing Price
2200000

Status Change Info

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

More Information

Showing Information

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

Analysis

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

Income

GrossScheduledIncome
387720
Vacancy Loss
56808
Adjusted Gross
330912
Total Expenses
180197
NetOperatingIncome
150715

Expenses

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

Interior Features

Interior Steps
Yes

Miscellaneous

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

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

Water

Public
Yes

Terms

Conventional
Yes

Sold Info

Financing
Yes

Property Disclosures

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