1114 E Adams Street, Tucson, AZ 85719
$1,550,000
Property Type:
Commercial
Square Footage:
5,733
Lot Size (sq. ft.):
18,000
Status:
Closed
Current Price:
$1,550,000
List Date:
8/07/2019
Last Modified:
12/12/2024
Overview
Description
Listing Details MLS# 21920673
Address Information
- Street #
- 1114
- Direction
- E
- Street Name
- Adams
- Suffix
- Street
- State/Province
- AZ
- Zip Code
- 85719
- County
- Pima
- Country
- USA
Location, Tax & Legal
- Tax Code
- 123-15-164A
- Area
- Central
- Tax Year
- 2018
- Taxes
- 4020.97
- Assessments
- 0
- Legal Description
- UNIVERSITY HOME LOTS 7 & 8 & W30' LOT 6 BLK 14
- Municipality/Zoning
- Tucson - R3
- Fire Protection
- Included in Taxes
- FEMA Flood Zone
- No
- Municipal Flood Zone
- No
General Property Information
- Property Sub-Type
- Apartment
- Construction Status
- Existing
- # Units
- 5
- Total Parking
- 15
- Multi-Tenant
- Yes
- Year Built
- 1966
- Lot Dimensions
- 120X150
- Lot Acres
- 0.41
- Lot Sqft
- 18000
- Lot Size Source
- Assessor
- Combined SqFt
- 5733
- Source of SqFt
- Assessor
- List Price/SqFt
- 287.81
- Lot Size Price/SqFt
- 91.67
Property Features
Construction:
Concrete Block
Roof:
Built-Up
Fenced Storage:
Yes
Main Cooling:
Central Air
Main Heating:
Forced Air; Natural Gas
Water Heater:
Natural Gas
Gas:
Natural
Sewer:
Connected
Water:
Public
Fence:
Block
Landscape - Front:
Low Care
Landscape - Rear:
Low Care
Road Type:
Paved
Parking:
Free
Lot Features:
Adjacent to Alley
Terms:
Cash
Submit With Offer:
Digital Signature Accepted; Dual Agency Consent; Earnest Check; Income Property Addendum; Lender Pre-Approval; Loan Pre-Qualifiaction; Proof of Funds
Special Conditions:
None
Contract Information
- Method of Title
- Fee (Simple)
- Short Sale
- No
Status Change Info
- Off Market Date
- 2019-10-25
- Pending Date
- 2019-10-25
- Sold Date
- 2019-11-25
- Sold Price/SqFt
- 270.36
- Lot Sz Sold Prc/SqFt
- 86.11
- Financing
- Cash
More Information
Showing Information
- Directions
- MOUNTAIN ADAMS WEST TO ADDRESS.
Income
- Gross Scheduled Rent
- 118500
- Adjusted Gross
- 118500
- Total Expenses
- 17161
- Net Opp Income
- 101339
- Vacancy Loss
- 0
- Other Income
- 0
Analysis
- Cap Rate %
- 6.54
- Gross Rent Multi
- 13.08
- Exp/SqFt
- 2.99
- Exp % of Gross
- 14.48
- Vacancy Rate %
- 0
Expenses
- Captial Expenses
- 1000
- Figures Presented
- Proforma
- Insurance
- 1000
- Maintenance Supplies
- 2500
- Management
- 8640
- Taxes/Assessments
- 4021
- Admin Expenses
- 0
- Contract Services
- 0
- Gas/Electric
- 0
- Resident Manager
- 0
- Water/Sewer
- 0
- Other Expenses
- 0
Apartment Unit Information
- # of Units/3 BR
- 5
- Avg Mo Rent/3 BR
- 1800
Space Information
- Ceiling Height
- 10ft
Electric
- Electric Company
- TEP
Submit With Offer
- Seller Title Company
- BARBI STEWART- FNF
- Digital Signature Accepted
- Yes
- Dual Agency Consent
- Yes
- Earnest Check
- Yes
- Income Property Addendum
- Yes
- Lender Pre-Approval
- Yes
- Loan Pre-Qualifiaction
- Yes
- Proof of Funds
- Yes
Gas
- Natural
- Yes
Construction
- Concrete Block
- Yes
Sewer
- Connected
- Yes
Roof
- Built-Up
- Yes
Water
- Public
- Yes
Fence
- Block
- Yes
Road Type
- Paved
- Yes
Fenced Storage
- Yes
- Yes
Lot Features
- Adjacent to Alley
- Yes
Main Cooling
- Central Air
- Yes
Main Heating
- Forced Air
- Yes
- Natural Gas
- Yes
Water Heater
- Natural Gas
- Yes
Terms
- Cash
- Yes
Special Conditions
- None
- Yes
Sold Info
- Seller Concessions
- 0
Landscape - Front
- Low Care
- Yes
Landscape - Rear
- Low Care
- Yes
Parking
- Free
- Yes
Documents
PROFORMA ›
Listing Office:
Long Realty Company
Last Updated: December - 12 - 2024
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