501 E Glenn Street, Tucson, AZ 85705

$1,500,000
Property Type: Commercial Square Footage: 18,456 Lot Size (sq. ft.): 81,600 Status: Closed
Current Price: $1,500,000 List Date: 9/04/2019 Last Modified: 12/12/2024

Overview

Description

Los Altos Apartment complex. 28 units in the heart of Tucson. Agent/Owner

Listing Details MLS# 21922986

Address Information

Street #
501
Direction
E
Street Name
Glenn
Suffix
Street
State/Province
AZ
Zip Code
85705
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
107-12-319A
Area
Central

General Property Information

Property Sub-Type
Apartment
# Units
28
Multi-Tenant
Yes
Year Built
1978
Lot Dimensions
340 x 240
Lot Acres
1.87
Lot Sqft
81600
Lot Size Source
Other
Combined SqFt
18456
Source of SqFt
Other
List Price/SqFt
81.27
Lot Size Price/SqFt
18.38

Property Features

Construction: Frame - Stucco Roof: Built-Up Fenced Storage: No Main Cooling: Central Air; Evaporative Cooling Main Heating: Forced Air; Natural Gas Water Heater: Electric Gas: None Sewer: Connected Water: Public Accessibility Option: None Security: None Fence: Chain Link; Wrought Iron Landscape - Front: Low Care Landscape - Rear: Low Care Road Type: Paved Parking: Paved Parking Lot Features: Adjacent to Alley; Corner Lot; North/South Exposure Business Location: Corner Lot Traffic Count: Not Available Terms: Cash; Conventional; Owner Carry Possession: Immediate Submit With Offer: Digital Signature Accepted; Income Property Addendum; Loan Pre-Qualifiaction; Proof of Funds Property Disclosures: Lead Based Paint Special Conditions: None Restrictions: CC&R; Deed

Contract Information

Method of Title
Fee (Simple)
Short Sale
No

Status Change Info

Off Market Date
2019-09-04
Pending Date
2019-09-04
Sold Date
2019-09-04
Sold Price/SqFt
81.27
Lot Sz Sold Prc/SqFt
18.38
Financing
Cash

More Information

Showing Information

Directions
Grant Rd and 1st Ave, North on 1st Ave, Left on Glenn to address on Right.

Income

Gross Scheduled Rent
187500
Vacancy Loss
27300

Analysis

Vacancy Rate %
14.56

Expenses

Gas/Electric
5567
Insurance
4675
Maintenance Supplies
8508
Management
2000
Water/Sewer
18773
Other Expenses
18929

Unit Information

Apartment
Low Rise

Apartment Unit Information

# of Units/1 BR
12
Avg Mo Rent/1 BR
535
# of Units/2 BR
16
Avg Mo Rent/2 BR
585
IDX
Listing Office: Realty Executives Arizona Territory
Last Updated: December - 12 - 2024
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