1414 N 1st Avenue, Tucson, AZ 85719

$1,150,000
Property Type: Multi-Family Square Footage: 5,000 Lot Size (sq. ft.): 147 Status: Closed
Current Price: $1,150,000 List Date: 8/31/2015 Last Modified: 12/08/2024

Overview

Description

Unique Student rental opportunity within 4 blocks of the University of Arizona. Completely remodeled building (2012) that includes 5 HD TV`s in modern warehouse style layout with backyard patio! 17 Bedrooms, 9 bathrooms, built in booths, huge breakfast bar area, large covered porch and walled in back yard. LEASED THROUGH JULY 2016! House was designed to accommodate large group of students wanting to live together. All tile, Zoned AC, corian counters in kitchen, cultured marbled wayne's coated bathrooms. Actual numbers from 2014. Management can be retained. Packet available upon request. One of the Selling Members of the LLC is licensed to sale real estate in Arizona.

Listing Details MLS# 21524027

Address Information

Street #
1414
Direction
N
Street Name
1st
Suffix
Avenue
State/Province
AZ
Zip Code
85719
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
123-15-1110
Area
Central
Subdivision
University Home Addition
Tax Year
2014
Taxes
4681
Assessments
0
Legal Description
UNIVERSITY HOMES LOT 10 & N81.35' LOT 9 BLK 10
Township
14
Community
None
Range
14
Section
6
Municipality/Zoning
Tucson - C1
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
81 x 100.4
Lot Acres
0.19
Lot Sqft
8135
Lot Size Source
Assessor
Combined SqFt
5000
Year Built
1948
List Price/SqFt
240
Lot Size Price/SqFt
147.51

Property Features

Main Cooling: Zoned Main Heating: Electric; Zoned Sewer: Connected Water: Public Security: Alarm Installed Terms: Cash; Conventional Property Disclosures: Unknown

Contract Information

Distressed Info
None

Status Change Info

Off Market Date
2015-11-02
Pending Date
2015-12-07
Sold Date
2015-12-09
Sold Price/SqFt
230
Lot Sz Sold Prc/SqFt
141.36
How Sold
Conventional

More Information

Showing Information

Directions
From Speedway and Euclid. North on Euclid. West (L)onto Drachman. North (R) onto 1st, to second property on East (R) side of street. Look for Wrought Iron Canopy and you are in the right spot!

Unit Info

# of Units/Other
Yes
Avg Mo Rent/Other
14450
Avg Mo Rent/Studios
0
Avg Mo Rent/1 BR
0
Avg Mo Rent/2 BR
0
Avg Mo Rent/3 BR
0

Analysis

Cap Rate %
9.37
Gross Rent Multi
6.63
Exp/SqFt
13.13
Exp % of Gross
37.87
Vacancy Rate %
0

Income

Gross Scheduled Rent
173400
Adjusted Gross
173400
Total Expenses
65668
Net Opp Income
107732
Vacancy Loss
0
Other Income
0

Expenses

Admin Expenses
492
Contract Services
6000
Gas/Electric
20400
Insurance
4296
Maintenance Supplies
11754
Management
17340
Taxes/Assessments
4681
Other Expenses
705
Figures Presented
Actual
Capital Expenses
0
Resident Manager
0
Water/Sewer
0

Interior Features

Interior Steps
Yes

Miscellaneous

Master Elec Meter
Yes
Master Water Meter
Yes
Package Available
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Zoned
Yes

Main Heating

Electric
Yes
Zoned
Yes

Terms

Cash
Yes
Conventional
Yes

Security

Alarm Installed
Yes

Property Disclosures

Unknown
Yes
IDX
Listing Office: Tucson Integrity Realty, LLC
Last Updated: December - 08 - 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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