5570 E Hampton Street, Tucson, AZ 85712 (MLS# 21901658)

5570 E Hampton Street, Tucson, AZ 85712

$2,610,000

Property Type: Commercial Square Footage: 28,812 Lot Size (sq. ft.): 58,800 Status: Closed

Current Price: $2,610,000 List Date: 5/31/2019 Last Modified: 12/11/2024

Overview

Description

41 unit apartment complex that is fully leased. 1 studio, 8 1 beedrooms, 8 2 bedroom 1 bath, 16 2 bedroom/2bath. 1 bedroom is 600 square feet. 2 bedroom units are over 800 square feet. 37 units have tile floors. All toilets were replaced in 2016 with low flow dual flush toilets. Participant in TEP Multi Family Housing Program. Every unit has low flow shower heads, low flow aerators, led light bulbs. Rents are higher than neighboring properties but there is still room to raise rents $25 to $50. Tenants currently pay for water as a separate charge with their rent. Many long term tenants. Do not Disturb tenants. List owner is related to seller.

Listing Details MLS# 21901658

Address Information

Street #: 5570
Direction: E
Street Name: Hampton
Suffix: Street
State/Province: AZ
Zip Code: 85712
County: Pima
Country: USA

Location, Tax & Legal

Tax Code: 121-05-019B
Area: Central

General Property Information

Property Sub-Type: Apartment
Construction Status: Existing
# Units: 41
Multi-Tenant: Yes
Year Built: 1972
Lot Dimensions: unknown
Lot Acres: 1.35
Lot Sqft: 58800
Lot Size Source: Assessor
Combined SqFt: 28812
Source of SqFt: Assessor
List Price/SqFt: 97.18
Lot Size Price/SqFt: 47.62

Property Features

Property Features: Smoke Detector Construction: Concrete Block Roof: Built-Up Main Cooling: Central Air; Gas Main Heating: Gas Pac Water Heater: Electric Gas: Natural Sewer: Connected Water: Public Green Features: Dual-Flush Toilets; Low Flow Faucets; Low Flow Showerheads; Water Sense Shower Head Fence: Wrought Iron Landscape - Front: Decorative Gravel; Low Care Landscape - Rear: Low Care Road Type: Paved Parking: Free; Public Parking Lot Features: Adjacent to Alley Terms: Cash; Conventional; Exchange; Submit Possession: Negotiable Submit With Offer: Lender Pre-Approval; Loan Status; Proof of Funds; Written Lender Approval Property Disclosures: Lead Based Paint

Contract Information

Short Sale: No

Status Change Info

Off Market Date: 2019-07-19
Pending Date: 2019-09-09
Sold Date: 2019-09-13
Sold Price/SqFt: 90.59
Lot Sz Sold Prc/SqFt: 44.39
Financing: Conventional

More Information

Income

Gross Scheduled Rent: 285396
Other Income: 2527

Analysis

Cap Rate %: 9.8

Expenses

Captial Expenses: 6703
Contract Services: 7100
Gas/Electric: 3500
Insurance: 4745
Taxes/Assessments: 19775
Water/Sewer: 22038

Unit Information

Apartment: Low Rise

Apartment Unit Information

# of Units/Studios: Yes
Avg Mo Rent/Studios: 550
# of Units/1 BR: 16
Avg Mo Rent/1 BR: 475
# of Units/2 BR: 24
Avg Mo Rent/2 BR: 675

Space Information

Ceiling Height: 8ft
Door Width: 3ft

Electric

Electric Company: TEP

Listing Office: 520 Realty LLC

Last Updated: December - 11 - 2024

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.