1240 N 7th Avenue 72, Tucson, AZ 85705
$1,700,000
Property Type:
Multi-Family
Square Footage:
30,600
Status:
Closed
Current Price:
$1,700,000
List Date:
7/28/1999
Last Modified:
10/26/2024
Overview
Description
Listing Details MLS# 9913695
Address Information
- Street #
- 1240
- Direction
- N
- Street Name
- 7th
- Suffix
- Avenue
- Apt/Unit #
- 72
- State/Province
- AZ
- Zip Code
- 85705
- County
- Pima
- Country
- USA
Location, Tax & Legal
- Tax Code
- 115-08-0890
- Area
- Central
- Subdivision
- Highland Park Add Amd
- Tax Year
- 2000
- Taxes
- 14466
- Assessments
- 0
- Legal Description
- Lots 1,2,3,4,5,6,7, Block 19 Highland Park Amended
- Township
- 14
- Community
- None
- Range
- 13
- Section
- Yes
- Municipality/Zoning
- Tucson - C1
- Fire Protection
- Included in Taxes
General Property Information
- Lot Dimensions
- 425X185
- Combined SqFt
- 30600
- Year Built
- 1955
- List Price/SqFt
- 58.82
Property Features
Construction:
Slump Block
Main Cooling:
Heat Pump
Main Heating:
Heat Pump
Sewer:
Connected
Water:
Public
Security:
None
Terms:
Cash; Conventional
Property Disclosures:
Unknown
Sold Info:
Financing
Status Change Info
- Off Market Date
- 2002-11-20
- Pending Date
- 2002-06-20
- Sold Date
- 2002-11-20
- Sold Price/SqFt
- 55.55
- How Sold
- Conventional
More Information
Showing Information
- Directions
- E On Speedway From Stone 1 Block Then North 1 Block To Property Blue Agave Apts
Unit Info
- # of Units/Studios
- 66
- Avg Mo Rent/Studios
- 350
- # of Units/1 BR
- 4
- Avg Mo Rent/1 BR
- 410
- # of Units/2 BR
- Yes
- Avg Mo Rent/2 BR
- 500
- # of Units/3 BR
- Yes
- Avg Mo Rent/3 BR
- 650
Analysis
- Cap Rate %
- 7.59
- Gross Rent Multi
- 6.56
- Vacancy Rate %
- 10
- Exp/SqFt
- 4.48
- Exp % of Gross
- 50.13
Income
- Gross Scheduled Rent
- 300000
- Vacancy Loss
- 30000
- Other Income
- 4000
- Adjusted Gross
- 274000
- Total Expenses
- 137368
- Net Opp Income
- 136632
Expenses
- Admin Expenses
- 8211
- Capital Expenses
- 8578
- Contract Services
- 12254
- Gas/Electric
- 11145
- Insurance
- 3095
- Maintenance Supplies
- 33729
- Management
- 8200
- Resident Manager
- 23445
- Taxes/Assessments
- 14466
- Water/Sewer
- 7245
- Other Expenses
- 7000
Interior Features
- Interior Steps
- No
Sold Info
- Down Payment
- 350000
- Financing
- Yes
Miscellaneous
- Master Elec Meter
- No
- Master Gas Meter
- Yes
- Master Water Meter
- Yes
- Package Available
- No
Construction
- Slump Block
- Yes
Sewer
- Connected
- Yes
Water
- Public
- Yes
Main Cooling
- Heat Pump
- Yes
Main Heating
- Heat Pump
- Yes
Terms
- Cash
- Yes
- Conventional
- Yes
Security
- None
- Yes
Property Disclosures
- Unknown
- Yes
Listing Office:
Bright Realty & Development Lt
Last Updated: October - 26 - 2024
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