851 W Ajo Highway, Tucson, AZ 85713

$1,040,000
Property Type: Multi-Family Square Footage: 28,334 Status: Closed
Current Price: $1,040,000 List Date: 5/10/2000 Last Modified: 10/25/2024

Overview

Description

Good Condition New Exterior Paint & Landscaping, Pool & Spa. Great Visibility On Ajo Rd.Lots Of Traffic. Zoning Is B1.

Listing Details MLS# 2009063

Address Information

Street #
851
Direction
W
Street Name
Ajo
St Suffix
Highway
State
AZ
Zip Code
85713
County
Pima
Country
USA

Location, Tax & Legal

Assessor #
120-03-1370
Area
South
Subdivision/Neighborhood
La Mar City Acres NO. 2
Municipality/Zoning
Tucson - B1

General Property Information

Lot Dimensions
420X135X420
LivingArea
28334
Year Built
1983
List Price/SqFt
40.94

Property Features

Construction: Frame - Stucco Main Cooling: Central Air; Evaporative Cooling; Wall Unit(s) Main Heating: Forced Air Sewer: Connected Terms: Cash; Exchange; Submit Property Disclosures: Unknown

Contract Information

Listing Price
1160000

Status Change Info

Off Market Date
2000-09-28
Under Contract Date
2000-09-28
Sold Date
2000-09-28
Sold Price/SqFt
36.7
How Sold
Cash to Loan

More Information

Showing Information

Directions
South On I-19 Turn East On Ajo, Turn South On 16th Ave. Apts. On The S.E. Corner Of I-19 & Ajo

Analysis

CAPRate
12.03
Gross Rent Multi
4.91
Vacancy Rate %
4
Exp % of Gross
40.8
Exp/SqFt
3.4

Income

GrossScheduledIncome
233520
Vacancy Loss
9341
Other Income
11679
Adjusted Gross
235858
Total Expenses
96215
NetOperatingIncome
139643

Expenses

Admin Expenses
7781
Contract Services
11329
Insurance
4536
Maintenance Supplies
14800
Management
11793
Resident Manager
14000
Figures Presented
Actual
Gas/Electric
7467
Taxes/Assessments
13112
Water/Sewer
11397

Interior Features

Interior Steps
No

Miscellaneous

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

Unit Info

# of Units/Studios
12
Avg Mo Rent/Studios
295
# of Units/1 BR
24
Avg Mo Rent/1 BR
335
# of Units/2 BR
19
Avg Mo Rent/2 BR
410

Water

Public
Yes

Sold Info

Financing
Yes
IDX
Listing Office: Whirlygig Properties, LLC
Last Updated: October - 25 - 2024
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