4957 S Park Avenue, Tucson, AZ 85706

$1,315,000
Property Type: Commercial Square Footage: 9,174 Lot Size (sq. ft.): 56 Status: Closed
Current Price: $1,315,000 List Date: 2/10/2023 Last Modified: 12/20/2024

Overview

Description

Tucson has low vacancies, high rent growth, and high population growth with many industries moving jobs to the area. Two story 3 four plexes - total of 12 units. This listing includes also 4959 S Park Ave APN 140180380 and 4961 S Park Ave APN 140180370. All units have been remodeled with laminate counter tops and white kitchen cabinets. Recently painted exterior. Recently installed security cameras. Private off street parking. Low to no vacancies.

Listing Details MLS# 22229380

Address Information

Street #
4957
Direction
S
Street Name
Park
Suffix
Avenue
State/Province
AZ
Zip Code
85706
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
140-18-0390
Area
South
Tax Year
2021
Taxes
3303
Assessments
0
Legal Description
From Parcel:139160390 /Irvington Park Lot 26 Blk 2
Municipality/Zoning
Tucson - C2
Fire Protection
Included in Taxes

General Property Information

Property Sub-Type
Apartment
Construction Status
Existing
# Units
12
Multi-Tenant
Yes
Year Built
1985
Lot Dimensions
130 x 67
Lot Acres
0.58
Lot Sqft
25566
Lot Size Source
Owner
Combined SqFt
9174
Source of SqFt
Owner
List Price/SqFt
158.06
Lot Size Price/SqFt
56.72

Property Features

Property Features: Smoke Detector Construction: Stucco Finish Roof: Built-Up Main Cooling: Central Air Main Heating: Electric Water Heater: Electric Sewer: Connected Water: Public Security: Closed Circuit Camera(s) Fence: None Landscape - Front: Decorative Gravel Landscape - Rear: Decorative Gravel Road Type: Paved Parking: Private Parking Lot Features: East/West Exposure Business Location: Free Standing Bldg Terms: Cash; Owner Carry Possession: Recording Submit With Offer: Lender Pre-Approval; Loan Pre-Qualifiaction; Proof of Funds Property Disclosures: Seller Prop Disclosure Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Short Sale
No

Status Change Info

Off Market Date
2023-02-21
Pending Date
2023-02-21
Sold Date
2023-03-15
Sold Price/SqFt
143.34
Lot Sz Sold Prc/SqFt
51.44
Financing
Cash

More Information

Showing Information

Directions
From Park Ave and Irvington Rd, S on Park Ave to four plexes on E side of street

Income

Gross Scheduled Rent
128952
Vacancy Loss
5
Adjusted Gross
128947
Net Opp Income
85204.24
Other Income
0

Analysis

Gross Rent Multi
10.2
Vacancy Rate %
0

Expenses

Insurance
2296
Maintenance Supplies
10785
Management
10316.16
Taxes/Assessments
3303
Other Expenses
10600

Unit Information

Apartment
Low Rise

Apartment Unit Information

# of Units/2 BR
12
Avg Mo Rent/2 BR
895.5

Electric

Electric Company
Tucson

Construction

Stucco Finish
Yes

Sewer

Connected
Yes

Roof

Built-Up
Yes

Water

Public
Yes

Property Features

Smoke Detector
Yes

Fence

None
Yes

Road Type

Paved
Yes

Lot Features

East/West Exposure
Yes

Main Cooling

Central Air
Yes

Main Heating

Electric
Yes

Water Heater

Electric
Yes

Terms

Cash
Yes
Owner Carry
Yes

Submit With Offer

Lender Pre-Approval
Yes
Loan Pre-Qualifiaction
Yes
Proof of Funds
Yes

Security

Closed Circuit Camera(s)
Yes

Sold Info

Seller Concessions
0

Landscape - Front

Decorative Gravel
Yes

Landscape - Rear

Decorative Gravel
Yes

Parking

Private Parking
Yes

Business Location

Free Standing Bldg
Yes

Possession

Recording
Yes

Property Disclosures

Seller Prop Disclosure
Yes

Special Conditions

None
Yes
Listing Office: RCP Real Estate LLC
IDX
Last Updated: December - 20 - 2024
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