811 N Alvernon Way 835, Tucson, AZ 85711

$2,375,000
Property Type: Multi-Family Square Footage: 45,211 Lot Size (sq. ft.): 23 Status: Closed
Current Price: $2,375,000 List Date: 1/25/2006 Last Modified: 10/26/2024

Overview

Description

Great unit mix and very high occupancy located in central Tucson close to University of Arizona and shopping. Security gated, laundry facilities, two pools and air conditioned. Extra 37,998 of R3land adjoins property and is included in the price. Could be developed for many uses enhancing the overall value of the property. Excellent opportunity! Complete financials available to qualified parties. Please do not disturb Manager or Tenants!!!

Listing Details MLS# 2532656

Address Information

Street #
811
Direction
N
Street Name
Alvernon
Suffix
Way
Apt/Unit #
835
State/Province
AZ
Zip Code
85711
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
125-11-191C
Area
Central
Subdivision
Speedway View Addition
Tax Year
2004
Taxes
20273
Assessments
0
Legal Description
Lots 6,13,and 14 Block 6 of Speedway View Addition, Section 9 TWP 14S RGE 14E of GSRM Pima Co. AZ.
Township
14
Community
None
Range
14
Section
9
Municipality/Zoning
Tucson - R3
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
240x378x300x126x60x315
Lot Acres
2.43
Lot Sqft
105918
Lot Size Source
Assessor
Combined SqFt
45211
Year Built
1958
List Price/SqFt
55.3
Lot Size Price/SqFt
23.6

Property Features

Construction: Slump Block Sewer: Connected Water: Public Neighborhood Features: Gated Community Terms: Cash; Exchange; Submit Property Disclosures: Unknown Sold Info: Financing

Status Change Info

Off Market Date
2006-04-20
Pending Date
2006-02-08
Sold Date
2006-04-20
Sold Price/SqFt
52.53
Lot Sz Sold Prc/SqFt
22.42
How Sold
Conventional

More Information

Showing Information

Directions
Broadway/Alvernon North to Address

Unit Info

# of Units/Studios
5
Avg Mo Rent/Studios
395
# of Units/1 BR
32
Avg Mo Rent/1 BR
500
# of Units/2 BR
20
Avg Mo Rent/2 BR
637
# of Units/3 BR
4
Avg Mo Rent/3 BR
725

Analysis

Cap Rate %
7.94
Gross Rent Multi
6.19
Vacancy Rate %
5
Exp/SqFt
4.53
Exp % of Gross
50.82

Income

Gross Scheduled Rent
412860
Vacancy Loss
20643
Other Income
11465
Adjusted Gross
403682
Total Expenses
205160
Net Opp Income
198522

Expenses

Admin Expenses
1500
Capital Expenses
6300
Contract Services
25600
Gas/Electric
68162
Insurance
4900
Maintenance Supplies
12600
Management
20643
Resident Manager
28500
Taxes/Assessments
20273
Water/Sewer
15482
Other Expenses
1200

Interior Features

Interior Steps
No

Miscellaneous

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

Construction

Slump Block
Yes

Sewer

Connected
Yes

Water

Public
Yes

Neighborhood Features

Gated Community
Yes

Terms

Cash
Yes
Exchange
Yes
Submit
Yes

Sold Info

Financing
Yes

Property Disclosures

Unknown
Yes
Listing Office: Arizona First Properties, LLC
IDX
Last Updated: October - 26 - 2024
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