5301 E Glenn Street, Tucson, AZ 85712

$1,800,000
Property Type: Multi-Family Square Footage: 27,020 Lot Size (sq. ft.): 24 Status: Closed
Current Price: $1,800,000 List Date: 11/18/2013 Last Modified: 12/08/2024

Overview

Description

Gated 28 single story condominiums in clusters of four. Fourteen 900 Sq FT 2 bedroom and Fourteen 1200 SQ Ft 3 bedroom units. Separate laundry facilities, pool, ramada, and covered parking. Individually fenced yards. Nice common areas between clusters. Individually fenced yards. Nice common areas from Tucson Medical Center and half block to Ft. Lowell Park. Approved Condo Map.

Listing Details MLS# 21331192

Address Information

Street #
5301
Direction
E
Street Name
Glenn
Suffix
Street
State/Province
AZ
Zip Code
85712
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
110-08-4360
Area
Central
Subdivision
Glenn Terrace Condominiums
Tax Year
2012
Taxes
17058
Assessments
0
Legal Description
Glenn Terrace Condominiums Unit 1-28
Township
13
Community
None
Range
14
Section
35
Municipality/Zoning
Tucson - R2
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
Irregular
Lot Acres
1.97
Lot Sqft
85813
Lot Size Source
Assessor
Combined SqFt
27020
Year Built
1972
List Price/SqFt
78.65
Lot Size Price/SqFt
24.76

Property Features

Construction: Brick Main Cooling: Central Air Main Heating: Forced Air; Natural Gas Sewer: Connected Water: Public Neighborhood Features: Gated Community Terms: Cash; Conventional Property Disclosures: Lead Based Paint; Military Airport Vct

Contract Information

Distressed Info
None

Status Change Info

Off Market Date
2014-03-01
Pending Date
2014-04-24
Sold Date
2014-04-30
Sold Price/SqFt
66.62
Lot Sz Sold Prc/SqFt
20.98
How Sold
Conventional

More Information

Showing Information

Directions
Glenn/Craycroft West to address (Glenn & Beverly).

Unit Info

# of Units/1 BR
14
Avg Mo Rent/1 BR
725
# of Units/2 BR
14
Avg Mo Rent/2 BR
850
Avg Mo Rent/Studios
0
Avg Mo Rent/3 BR
0
Avg Mo Rent/Other
0

Analysis

Cap Rate %
8.21
Gross Rent Multi
7.27
Vacancy Rate %
7.5
Exp/SqFt
3.7
Exp % of Gross
40.39

Income

Gross Scheduled Rent
264600
Vacancy Loss
19845
Other Income
3000
Adjusted Gross
247755
Total Expenses
100056
Net Opp Income
147699

Expenses

Contract Services
2478
Gas/Electric
6194
Insurance
9910
Maintenance Supplies
19820
Management
24776
Taxes/Assessments
17058
Water/Sewer
19820
Figures Presented
Proforma
Admin Expenses
0
Capital Expenses
0
Resident Manager
0
Other Expenses
0

Miscellaneous

Master Water Meter
Yes
Package Available
Yes

Construction

Brick
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Central Air
Yes

Neighborhood Features

Gated Community
Yes

Main Heating

Forced Air
Yes
Natural Gas
Yes

Terms

Cash
Yes
Conventional
Yes

Property Disclosures

Lead Based Paint
Yes
Military Airport Vct
Yes
Listing Office: Long Realty Company
IDX
Last Updated: December - 08 - 2024
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