1701 N Village Drive, Tucson, AZ 85712
$595,000
Property Type:
Commercial
Square Footage:
8,947
Lot Size (sq. ft.):
42,689
Status:
Closed
Current Price:
$595,000
List Date:
7/03/2018
Last Modified:
9/09/2026
Overview
Description
Listing Details MLS# 21818296
Address Information
- Street #
- 1701
- Direction
- N
- Street Name
- Village
- Suffix
- Drive
- State/Province
- AZ
- Zip Code
- 85712
- County
- Pima
- Country
- USA
Location, Tax & Legal
- Tax Code
- 122-09-001B
- Area
- Central
General Property Information
- Property Sub-Type
- Apartment
- Construction Status
- Existing
- # Units
- 12
- Total Parking
- 20
- Multi-Tenant
- Yes
- Year Built
- 1947
- Lot Dimensions
- irreg. 2 tax codes
- Lot Acres
- 0.98
- Lot Sqft
- 42689
- Lot Size Source
- Assessor
- Combined SqFt
- 8947
- Source of SqFt
- Assessor
- Leasable SqFt
- 10527
- List Price/SqFt
- 66.5
- Lot Size Price/SqFt
- 13.94
Property Features
Property Features:
Smoke Detector; Storage
Fenced Storage:
No
Main Cooling:
Central Air; Evaporative Cooling
Main Heating:
Other
Water Heater:
Natural Gas
Gas:
Natural
Sewer:
Connected
Water:
Public
Accessibility Option:
None
Security:
None
Fence:
None
Landscape - Front:
Low Care
Landscape - Rear:
Low Care
Road Type:
Paved
Lot Features:
Corner Lot; North/South Exposure; Subdivided
Business Location:
Corner Lot; Office/Professional
Terms:
Cash; Conventional
Possession:
Recording
Submit With Offer:
Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures:
Lead Based Paint; Marketing Package Available; Military Airport Vct; Seller Prop Disclosure
Special Conditions:
None
Restrictions:
Deed
Contract Information
- Method of Title
- Fee (Simple)
- Short Sale
- No
Status Change Info
- Off Market Date
- 2018-08-01
- Pending Date
- 2018-08-28
- Sold Date
- 2018-08-29
- Sold Price/SqFt
- 66.5
- Lot Sz Sold Prc/SqFt
- 13.94
- Financing
- Cash
More Information
Showing Information
- Directions
- Pima/Alvernon - E 1 Block. Property is on the corner of Pima Street and Village Dr.
Income
- Gross Scheduled Rent
- 75564
- Vacancy Loss
- 3778
- Adjusted Gross
- 71786
- Total Expenses
- 33094
- Net Opp Income
- 38692
Analysis
- Cap Rate %
- 6.5
- Gross Rent Multi
- 8.29
- Vacancy Rate %
- 5
- Exp/SqFt
- 3.7
- Exp % of Gross
- 46.1
Expenses
- Figures Presented
- Proforma
- Insurance
- 4632
- Maintenance Supplies
- 5200
- Management
- 5500
- Taxes/Assessments
- 8305
- Water/Sewer
- 7117
- Other Expenses
- 2340
Unit Information
- Apartment
- Low Rise
Apartment Unit Information
- # of Units/1 BR
- 11
- Avg Mo Rent/1 BR
- 463
- # of Units/Other
- Yes
- Avg Mo Rent/Other
- 1200
Electric
- Electric Company
- TEP
Documents
Lead Paint Discl ›
Listing Office:
Tierra Antigua Realty
Last Updated: September - 09 - 2026
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