7450 E 22nd Street, Tucson, AZ 85710

$1,830,000
Property Type: Multi-Family Square Footage: 37,425 Lot Size (sq. ft.): 30 Status: Closed
Current Price: $1,830,000 List Date: 3/23/2006 Last Modified: 10/26/2024

Overview

Description

Well-Maintained Eastside property with direct access to I-10 and Tucson International Airport. Below-market vacancy and no concessions w/high concentration of 3BD units. Sturdy slump block construction and solid concrete flooring b/t upper and lower units; Community amenities include 35' Swimming Pool, 2 Laundry Rooms, and a BBQ Area. Possible Condo Conversion! Qualified buyers may assume or replace debt.

Listing Details MLS# 2611654

Address Information

Street #
7450
Direction
E
Street Name
22nd
Suffix
Street
State/Province
AZ
Zip Code
85710
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
135-08-006B
Area
East
Subdivision
Manana Grande
Tax Year
2005
Taxes
15986
Assessments
0
Legal Description
Manana Grande A E332' Lot 2
Township
14
Community
None
Range
15
Section
20
Municipality/Zoning
Tucson - O3
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
145x446
Lot Acres
1.49
Lot Sqft
64904
Lot Size Source
Assessor
Combined SqFt
37425
Year Built
1970
List Price/SqFt
52.77
Lot Size Price/SqFt
30.42

Property Features

Construction: Slump Block Main Cooling: Central Air Main Heating: Forced Air; Natural Gas Sewer: Connected Water: Public Security: None Terms: Conventional Property Disclosures: Lead Based Paint Sold Info: Financing

Status Change Info

Off Market Date
2006-06-09
Pending Date
2006-04-29
Sold Date
2006-06-09
Sold Price/SqFt
48.89
Lot Sz Sold Prc/SqFt
28.19
How Sold
Cash to Loan

More Information

Showing Information

Directions
Southwest corner of 22nd and Prudence

Unit Info

# of Units/Studios
4
Avg Mo Rent/Studios
449
# of Units/1 BR
8
Avg Mo Rent/1 BR
494
# of Units/2 BR
5
Avg Mo Rent/2 BR
649
# of Units/3 BR
23
Avg Mo Rent/3 BR
842

Analysis

Cap Rate %
7.27
Gross Rent Multi
5.65
Vacancy Rate %
7
Exp/SqFt
5.49
Exp % of Gross
58.88

Income

Gross Scheduled Rent
340308
Vacancy Loss
23822
Other Income
32750
Adjusted Gross
349236
Total Expenses
205635
Net Opp Income
143601

Expenses

Admin Expenses
58012
Gas/Electric
57293
Insurance
9128
Maintenance Supplies
17592
Management
12726
Taxes/Assessments
17966
Water/Sewer
16443
Other Expenses
16475

Interior Features

Interior Steps
Yes

Miscellaneous

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

Construction

Slump Block
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Central Air
Yes

Main Heating

Forced Air
Yes
Natural Gas
Yes

Terms

Conventional
Yes

Security

None
Yes

Sold Info

Financing
Yes

Property Disclosures

Lead Based Paint
Yes
Listing Office: Buette DeRousseCommercial R.E.
IDX
Last Updated: October - 26 - 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 2020 MLS of Southern Arizona. All Rights Reserved.