2115 N Oracle Road, Tucson, AZ 85705

$520,000
Property Type: Multi-Family Square Footage: 7,295 Lot Size (sq. ft.): 43,124 Status: Closed
Current Price: $520,000 List Date: 3/30/2013 Last Modified: 6/05/2026

Overview

Description

A gated community apartment compound total renovation in 2006 including new roof, parking lot asphalt, stucco, , A/C, and new kitchens. Easy to rent units with cash flow.Many Long term tenants and stabilized property showing pride of ownership. Masonry construction, dual pane windows, laundry room, space to build 3 more units (per owner). Located in Gem Show corridor, close to booming downtown Tucson , U of A and Pima College. short sale approved . Built over multiple years.

Listing Details MLS# 21308456

Address Information

Street #
2115
Direction
N
Street Name
Oracle
Suffix
Road
State/Province
AZ
Zip Code
85705
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
115-15-029A
Area
Central
Subdivision
El Sahuaro Addition
Tax Year
2011
Taxes
6330.13
Assessments
0
Legal Description
El Sahuaro lots 3,4,5 and N7 lot 6 Blk 3
Township
14
Community
None
Range
13
Section
2
Municipality/Zoning
Tucson - C2
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
161x244x158x243
Lot Acres
0.99
Lot Sqft
43124
Lot Size Source
Assessor
Combined SqFt
7295
Year Built
1983
List Price/SqFt
72.65
Lot Size Price/SqFt
12.29

Property Features

Construction: Masonry Stucco Main Cooling: Wall Unit(s) Main Heating: None Sewer: Connected Water: Public Security: None Neighborhood Features: Gated Community Terms: Conventional Property Disclosures: Unknown

Contract Information

Distressed Info
Short Sale

Status Change Info

Off Market Date
2013-04-13
Pending Date
2014-08-23
Sold Date
2014-08-23
Sold Price/SqFt
71.28
Lot Sz Sold Prc/SqFt
12.06
How Sold
Conventional

More Information

Showing Information

Directions
Grant/Oracle S to address

Unit Info

# of Units/Studios
10
Avg Mo Rent/Studios
430
# of Units/1 BR
5
Avg Mo Rent/1 BR
520
# of Units/2 BR
Yes
Avg Mo Rent/2 BR
650
Avg Mo Rent/3 BR
0
Avg Mo Rent/Other
0

Analysis

Cap Rate %
11.85
Gross Rent Multi
6.31
Vacancy Rate %
6.91
Exp/SqFt
2.85
Exp % of Gross
25.25

Income

Gross Scheduled Rent
86820
Vacancy Loss
6000
Other Income
1600
Adjusted Gross
82420
Total Expenses
20810
Net Opp Income
61610

Expenses

Gas/Electric
2400
Insurance
1550
Maintenance Supplies
575
Resident Manager
5400
Taxes/Assessments
6370
Water/Sewer
4515
Figures Presented
Proforma
Admin Expenses
0
Capital Expenses
0
Contract Services
0
Management
0
Other Expenses
0

Sold Info

Down Payment
130000
Seller Concessions
0
Seller Paid Repairs
0

Miscellaneous

Master Water Meter
Yes

Construction

Masonry Stucco
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Wall Unit(s)
Yes

Neighborhood Features

Gated Community
Yes

Main Heating

None
Yes

Terms

Conventional
Yes

Security

None
Yes

Property Disclosures

Unknown
Yes
IDX
Listing Office: Realty Executives Arizona Territory
Last Updated: June - 05 - 2026
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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