1240 N 7th, Tucson, AZ 85705
$2,750,000
Property Type:
Multi-Family
Square Footage:
28,170
Lot Size (sq. ft.):
78,408
Status:
Closed
Current Price:
$2,750,000
List Date:
3/20/2006
Last Modified:
10/26/2024
Overview
Description
Listing Details MLS# 2611287
Address Information
- Street #
- 1240
- Direction
- N
- Street Name
- 7th
- State/Province
- AZ
- Zip Code
- 85705
- County
- Pima
- Country
- USA
Location, Tax & Legal
- Tax Code
- 115-05-0890
- Area
- Central
- Subdivision
- Highland Park Addition
- Tax Year
- 2005
- Taxes
- 16046
- Assessments
- 0
- Legal Description
- Highland Oark Amended All of Blk 19
- Township
- 14
- Community
- None
- Range
- 13
- Section
- Yes
- Municipality/Zoning
- Tucson - C1
- Fire Protection
- None
General Property Information
- Lot Dimensions
- 425 x 185
- Lot Acres
- 1.8
- Lot Sqft
- 78408
- Lot Size Source
- Assessor
- Combined SqFt
- 28170
- Year Built
- 1955
- List Price/SqFt
- 102.95
- Lot Size Price/SqFt
- 36.98
Property Features
Construction:
Brick
Main Cooling:
Wall Unit(s)
Main Heating:
Electric; Zoned
Sewer:
Connected
Water:
Public
Security:
None
Terms:
Conventional
Property Disclosures:
Unknown
Sold Info:
Financing
Status Change Info
- Off Market Date
- 2006-06-01
- Pending Date
- 2006-03-31
- Sold Date
- 2006-06-01
- Sold Price/SqFt
- 97.62
- Lot Sz Sold Prc/SqFt
- 35.07
- How Sold
- Conventional
More Information
Showing Information
- Directions
- Speedway and Stone east to 7th North to address
Unit Info
- # of Units/Studios
- 65
- Avg Mo Rent/Studios
- 370
- # of Units/1 BR
- 4
- Avg Mo Rent/1 BR
- 450
- # of Units/2 BR
- 3
- Avg Mo Rent/2 BR
- 540
Analysis
- Cap Rate %
- 6.59
- Gross Rent Multi
- 8.58
- Vacancy Rate %
- 5
- Exp/SqFt
- 5.19
- Exp % of Gross
- 43.34
Income
- Gross Scheduled Rent
- 329640
- Vacancy Loss
- 16482
- Other Income
- 24689
- Adjusted Gross
- 337847
- Total Expenses
- 146455
- Net Opp Income
- 191392
Expenses
- Gas/Electric
- 8922
- Insurance
- 1617
- Maintenance Supplies
- 72109
- Management
- 16892
- Resident Manager
- 16892
- Taxes/Assessments
- 16046
- Water/Sewer
- 13977
Interior Features
- Interior Steps
- No
Miscellaneous
- Master Elec Meter
- No
- Master Gas Meter
- Yes
- Master Water Meter
- Yes
- Package Available
- Yes
Construction
- Brick
- Yes
Sewer
- Connected
- Yes
Water
- Public
- Yes
Main Cooling
- Wall Unit(s)
- Yes
Main Heating
- Electric
- Yes
- Zoned
- Yes
Terms
- Conventional
- Yes
Security
- None
- Yes
Sold Info
- Financing
- Yes
Property Disclosures
- Unknown
- Yes
Documents
Lead Paint Discl ›
Listing Office:
Long Realty Company
Last Updated: October - 26 - 2024
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