5540 E 26th Street, Tucson, AZ 85711

$1,320,000
Property Type: Multi-Family Square Footage: 24,779 Lot Size (sq. ft.): 72 Status: Closed
Current Price: $1,320,000 List Date: 11/24/2004 Last Modified: 10/26/2024

Overview

Description

Single level masonary complex.Fully fenced.Pool and coin op laundry.Excellent entry level property.Operated under leases but could be set up for weekly retals for higher cash flow.Financials include 10% mgt w/10% vacancy.Proforma is sellers 2004/2005 fiscal budget.Priced just above $30k per unit. 12 new stoves wk. of 9/17/2004. Seller just had all iron fencing repaired and replaced 10 in wall A/C units 8/24/2004. Pool recently reconditioned.

Listing Details MLS# 2423051

Address Information

Street #
5540
Direction
E
Street Name
26th
Suffix
Street
State/Province
AZ
Zip Code
85711
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
131-09-2140
Area
Central
Subdivision
Craycroft
Tax Year
2004
Taxes
9756
Assessments
0
Legal Description
Craycroft lots 1&2 BLK 10
Township
14
Community
None
Range
14
Section
28
Municipality/Zoning
Tucson - R2
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
200x100
Lot Acres
0.46
Lot Sqft
20000
Lot Size Source
Owner
Combined SqFt
24779
Year Built
1963
List Price/SqFt
58.52
Lot Size Price/SqFt
72.5

Property Features

Construction: Slump Block Main Cooling: Central Air; Evaporative Cooling Sewer: Connected Water: Public Security: Window Bars Neighborhood Features: Gated Community Terms: Conventional Property Disclosures: Lead Based Paint; Military Airport Vct Sold Info: Financing

Status Change Info

Off Market Date
2005-03-25
Pending Date
2005-02-17
Sold Date
2005-03-25
Sold Price/SqFt
53.27
Lot Sz Sold Prc/SqFt
66
How Sold
Other

More Information

Showing Information

Directions
22nd & Craycroft south to 26th east to address.

Unit Info

# of Units/Studios
24
Avg Mo Rent/Studios
310
# of Units/1 BR
24
Avg Mo Rent/1 BR
350
# of Units/2 BR
4
Avg Mo Rent/2 BR
550
# of Units/3 BR
Yes
Avg Mo Rent/3 BR
700

Analysis

Cap Rate %
10.84
Gross Rent Multi
6.89
Vacancy Rate %
10
Exp/SqFt
2.14
Exp % of Gross
25.25

Income

Gross Scheduled Rent
224880
Vacancy Loss
22488
Other Income
8000
Adjusted Gross
210392
Total Expenses
53143
Net Opp Income
157249

Expenses

Contract Services
1595
Gas/Electric
3000
Insurance
3950
Maintenance Supplies
6550
Management
20239
Resident Manager
1200
Taxes/Assessments
9746
Water/Sewer
5363
Other Expenses
1500

Interior Features

Interior Steps
No

Miscellaneous

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

Construction

Slump Block
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Central Air
Yes
Evaporative Cooling
Yes

Neighborhood Features

Gated Community
Yes

Terms

Conventional
Yes

Security

Window Bars
Yes

Sold Info

Financing
Yes

Property Disclosures

Lead Based Paint
Yes
Military Airport Vct
Yes
Listing Office: Long Realty Company
IDX
Last Updated: October - 26 - 2024
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