2015 &2027 E Benson Highway, Tucson, AZ 85714
$1,550,000
Property Type:
Commercial
Square Footage:
8,850
Lot Size (sq. ft.):
24
Status:
Closed
Current Price:
$1,550,000
List Date:
11/22/2021
Last Modified:
12/15/2024
Overview
Description
Listing Details MLS# 22126413
Address Information
- Street #
- 2015 &2027
- Direction
- E
- Street Name
- Benson
- Suffix
- Highway
- State/Province
- AZ
- Zip Code
- 85714
- County
- Pima
- Country
- USA
Location, Tax & Legal
- Tax Code
- 132-19-0060
- Area
- South
- Tax Year
- 2020
- Taxes
- 5363
- Assessments
- 0
- Legal Description
- 2 legals, see property description.
- Municipality/Zoning
- Tucson - C2
- Fire Protection
- Included in Taxes
- FEMA Flood Zone
- No
General Property Information
- Property Sub-Type
- Apartment
- # Units
- 22
- Total Parking
- 35
- Multi-Tenant
- Yes
- Year Built
- 1948
- Lot Dimensions
- irregular
- Lot Acres
- 1.43
- Lot Sqft
- 62291
- Lot Size Source
- Assessor
- Combined SqFt
- 8850
- Source of SqFt
- Assessor
- List Price/SqFt
- 175.14
- Lot Size Price/SqFt
- 24.88
Property Features
Construction:
Concrete Block
Roof:
Tile
Sewer:
Connected
Water:
Public
Accessibility Option:
Level
Landscape - Front:
Low Care
Landscape - Rear:
Low Care
Road Type:
Paved
Parking:
Free; Private Parking
Terms:
Cash; Conventional; Owner Carry
Submit With Offer:
Digital Signature Accepted; Proof of Funds
Property Disclosures:
Lead Based Paint; Unknown
Special Conditions:
None
Contract Information
- Method of Title
- Fee (Simple)
- Short Sale
- No
Status Change Info
- Off Market Date
- 2021-12-29
- Pending Date
- 2022-02-24
- Sold Date
- 2022-03-04
- Sold Price/SqFt
- 175.14
- Lot Sz Sold Prc/SqFt
- 24.88
- Financing
- Conventional
More Information
Showing Information
- Directions
- From Kino, east on Benson Hwy to The Owl Lodge
Income
- Gross Scheduled Rent
- 158400
- Vacancy Loss
- 7920
- Other Income
- 37200
- Adjusted Gross
- 187680
- Net Opp Income
- 111921
Analysis
- Cap Rate %
- 9
- Gross Rent Multi
- 8.26
- Vacancy Rate %
- 5
Expenses
- Admin Expenses
- 9600
- Figures Presented
- Proforma
- Gas/Electric
- 30000
- Management
- 9500
- Taxes/Assessments
- 5362
- Water/Sewer
- 12000
- Resident Manager
- 0
Unit Information
- Apartment
- Low Rise
Apartment Unit Information
- # of Units/Studios
- 21
- Avg Mo Rent/Studios
- 600
- # of Units/1 BR
- Yes
- Avg Mo Rent/1 BR
- 700
Electric
- Electric Company
- TEP
Construction
- Concrete Block
- Yes
Sewer
- Connected
- Yes
Roof
- Tile
- Yes
Water
- Public
- Yes
Road Type
- Paved
- Yes
Terms
- Cash
- Yes
- Conventional
- Yes
- Owner Carry
- Yes
Submit With Offer
- Digital Signature Accepted
- Yes
- Proof of Funds
- Yes
Accessibility Option
- Level
- Yes
Sold Info
- Seller Concessions
- 0
Landscape - Front
- Low Care
- Yes
Landscape - Rear
- Low Care
- Yes
Parking
- Free
- Yes
- Private Parking
- Yes
Freeway/Highway
- 1.1 - 2 Miles
- Yes
- Access
- Yes
Property Disclosures
- Lead Based Paint
- Yes
- Unknown
- Yes
Special Conditions
- None
- Yes
Listing Office:
Realty Executives Arizona Territory
Last Updated: December - 15 - 2024
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