737 N Alvernon Way, Tucson, AZ 85711

$1,550,000
Property Type: Multi-Family Square Footage: 19,624 Lot Size (sq. ft.): 44 Status: Closed
Current Price: $1,550,000 List Date: 6/02/2005 Last Modified: 10/26/2024

Overview

Description

Terrific central apt property w/recent rehab. Large units, great occupancy.

Listing Details MLS# 2514999

Address Information

Street #
737
Direction
N
Street Name
Alvernon
Suffix
Way
State/Province
AZ
Zip Code
85711
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
125-11-192B
Area
Central
Subdivision
Speedway View Addition
Tax Year
2005
Taxes
9827
Assessments
0
Legal Description
Speedway view Lot 15 Blk 6 Exc Rd.
Township
14
Community
None
Range
14
Section
9
Municipality/Zoning
Tucson - R3
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
120x300x120x300
Lot Acres
0.83
Lot Sqft
36000
Lot Size Source
Assessor
Combined SqFt
19624
Year Built
1961
List Price/SqFt
81.48
Lot Size Price/SqFt
44.41

Property Features

Main Cooling: Central Air Main Heating: Electric; Forced Air Sewer: Connected Water: Public Security: None Terms: Conventional Property Disclosures: Unknown Sold Info: Financing

Status Change Info

Off Market Date
2005-08-19
Pending Date
2005-06-20
Sold Date
2005-08-19
Sold Price/SqFt
78.98
Lot Sz Sold Prc/SqFt
43.05
How Sold
Conventional

More Information

Showing Information

Directions
Between 5th and Speedway on Alvernon.

Unit Info

# of Units/Studios
16
Avg Mo Rent/Studios
370
# of Units/1 BR
24
Avg Mo Rent/1 BR
470

Analysis

Cap Rate %
7.91
Gross Rent Multi
8.42
Vacancy Rate %
8
Exp/SqFt
3.23
Exp % of Gross
33.38

Income

Gross Scheduled Rent
206400
Vacancy Loss
16512
Adjusted Gross
189888
Total Expenses
63394
Net Opp Income
126494

Expenses

Gas/Electric
8980
Insurance
9756
Maintenance Supplies
12950
Management
9494
Resident Manager
6530
Taxes/Assessments
9827
Water/Sewer
5857

Interior Features

Interior Steps
No

Miscellaneous

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

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Central Air
Yes

Main Heating

Electric
Yes
Forced Air
Yes

Terms

Conventional
Yes

Security

None
Yes

Sold Info

Financing
Yes

Property Disclosures

Unknown
Yes
Listing Office: Long Realty Company
IDX
Last Updated: October - 26 - 2024
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