1401 E Adelaide Drive, Tucson, AZ 85719

$1,547,500
Property Type: Multi-Family Square Footage: 21,465 Lot Size (sq. ft.): 20 Status: Closed
Current Price: $1,547,500 List Date: 12/11/2006 Last Modified: 10/26/2024

Overview

Description

Pride of Ownership Apartments, great location. The Apartments have large fenced yards, central courtyards with mature landscaping, a swimming pool and laundry facilities. Recent upgrades include new roofs, many new A/C units, resealed/restriped parking lot and new paint. One unit was previously 3 bd/2 bath and has been converted to a 2 bd and studio. Seller will convert back to a 3 bd/2 bath if requested by buyer. Please do not disturb tenants.

Listing Details MLS# 2635883

Address Information

Street #
1401
Direction
E
Street Name
Adelaide
Suffix
Drive
State/Province
AZ
Zip Code
85719
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
113-07-2370
Area
Central
Subdivision
Hedrick Acreage Tract NO 3
Tax Year
2005
Taxes
10147
Assessments
0
Legal Description
Hedrick Acreage Tract Number 3, lots 17 & 18, Block G
Township
13
Community
None
Range
14
Section
31
Municipality/Zoning
Tucson - R2
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
253x300x249x300
Lot Acres
1.75
Lot Sqft
76285
Lot Size Source
Assessor
Combined SqFt
21465
Year Built
1952
List Price/SqFt
74.49
Lot Size Price/SqFt
20.96

Property Features

Construction: Concrete Block Main Cooling: Central Air Main Heating: Heat Pump Sewer: Connected Water: Public Security: None Property Disclosures: Lead Based Paint; Unknown Sold Info: Financing

Status Change Info

Off Market Date
2008-04-08
Pending Date
2006-12-28
Sold Date
2008-04-08
Sold Price/SqFt
72.09
Lot Sz Sold Prc/SqFt
20.28
How Sold
Other

More Information

Showing Information

Directions
Glenn/Mountain, North to Adelaide, east to Address

Unit Info

# of Units/Studios
Yes
Avg Mo Rent/Studios
400
# of Units/2 BR
24
Avg Mo Rent/2 BR
535

Analysis

Cap Rate %
6.49
Gross Rent Multi
10.48
Vacancy Rate %
5
Exp/SqFt
2.26
Exp % of Gross
31.91

Income

Gross Scheduled Rent
158880
Vacancy Loss
7944
Other Income
1500
Adjusted Gross
152436
Total Expenses
48647
Net Opp Income
103789

Expenses

Admin Expenses
1000
Contract Services
3000
Gas/Electric
6000
Insurance
7500
Maintenance Supplies
7500
Resident Manager
6000
Taxes/Assessments
10147
Water/Sewer
7500

Interior Features

Interior Steps
No

Miscellaneous

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

Construction

Concrete Block
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Central Air
Yes

Main Heating

Heat Pump
Yes

Security

None
Yes

Sold Info

Financing
Yes

Property Disclosures

Lead Based Paint
Yes
Unknown
Yes
IDX
Listing Office: Diversified Equity Corporation
Last Updated: October - 26 - 2024
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.

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