1440 S Craycroft Road, Tucson, AZ 85711

$1,360,600
Property Type: Commercial Square Footage: 28,471 Status: Closed
Current Price: $1,360,600 List Date: 2/07/1996 Last Modified: 10/25/2024

Overview

Description

Cash,Nconv,Submit. 70 Suites Hotel,Central,Near Dm-afb.Well Maint.9.8%cap,W/Upside Potential.56% Occ Rate/'95.Htd Pool. N.I.C.=all Furnishings In Suite 137+4 Paintin Gs In Lobby+coin Op.Laundry Mach's.Owner Is Lic. R.E.Agt In Az.

Listing Details MLS# 9602405

Address Information

Street #
1440
Direction
S
Street Name
Craycroft
Suffix
Road
State/Province
AZ
Zip Code
85711
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
131-01-014H
Area
Central
Tax Year
1995
Taxes
35880
Assessments
0
Legal Description
Sec 23 T14 R14 (Long Legal In -lo, Includes 2 Parcels).
Municipality/Zoning
Tucson - B1

General Property Information

# Units
70
Year Built
1982
Lot Dimensions
373X175X373X175
Combined SqFt
28471
Source of SqFt
Assessor
List Price/SqFt
52.25

Property Features

Construction: Frame - Stucco Main Heating: Wall Furnace Sewer: Connected Water: Public Terms: Owner Carry; Submit

Status Change Info

Off Market Date
1996-07-03
Pending Date
1996-04-11
Sold Date
1996-07-03
Sold Price/SqFt
47.78
Financing
Cash

More Information

Showing Information

Directions
S-craycroft Frm 22nd St

Income

Gross Scheduled Rent
749150
Other Income
23211
Adjusted Gross
772361
Total Expenses
193382
Net Opp Income
578979

Analysis

Cap Rate %
38.91
Gross Rent Multi
1.92
Exp/SqFt
6.79
Exp % of Gross
25.03

Expenses

Contract Services
22063
Gas/Electric
69305
Insurance
13722
Maintenance Supplies
55863
Taxes/Assessments
32429

Property Features

A.D.A. Compliant
No
Phase 1 Report
No

Electric

3 Phase Power
No
Master Meter
No

Construction

Frame - Stucco
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Heating

Wall Furnace
Yes

Terms

Owner Carry
Yes
Submit
Yes
IDX
Listing Office: Coldwell Banker Realty
Last Updated: October - 25 - 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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