2333 E Glenn, Tucson, AZ 85719

$1,850,000
Property Type: Multi-Family Square Footage: 32,673 Lot Size (sq. ft.): 42 Status: Closed
Current Price: $1,850,000 List Date: 4/01/2014 Last Modified: 12/08/2024

Overview

Description

47 UNITS ON THE CAMPBELL CORRIDOR LESS THAN A MILE FROM THE U OF A MEDICAL CAMPUS UNIT MIX 12 1 BEDROOM 1 BATH, 489 SF UNITS 34 2 BEDROOM 1 BATH, 730 SF UNITS THIS PROPERTY HAS NEW ROOFS, NEW PAINT., 100% OCCUPANCY AND THERE IS GREAT UPSIDE POTENTIAL IN THE RENTS

Listing Details MLS# 21409516

Address Information

Street #
2333
Direction
E
Street Name
Glenn
State/Province
AZ
Zip Code
85719
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
112-05-2790
Area
Central
Subdivision
Shaheen Estates
Tax Year
2013
Taxes
22941
Assessments
0
Legal Description
W160' of E490' of N290' of S330' of SE4 NW 4 1.06
Township
13
Community
None
Range
14
Section
32
Municipality/Zoning
Tucson - R3
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
160' x 290'
Lot Acres
1.06
Lot Sqft
46600
Lot Size Source
Assessor
Combined SqFt
32673
Year Built
1963
List Price/SqFt
60.45
Lot Size Price/SqFt
42.38

Property Features

Main Cooling: Central Air; Evaporative Cooling Main Heating: Forced Air; Natural Gas Sewer: Connected Water: Public Security: None Terms: Cash; Conventional Property Disclosures: Flood Plain

Contract Information

Distressed Info
None

Status Change Info

Off Market Date
2014-04-17
Pending Date
2014-05-20
Sold Date
2014-06-30
Sold Price/SqFt
56.62
Lot Sz Sold Prc/SqFt
39.7
How Sold
Conventional

More Information

Showing Information

Directions
S on Campbell E on Glenn to address

Unit Info

# of Units/1 BR
12
Avg Mo Rent/1 BR
439
# of Units/2 BR
34
Avg Mo Rent/2 BR
533
Avg Mo Rent/Studios
0
Avg Mo Rent/3 BR
0
Avg Mo Rent/Other
0

Analysis

Cap Rate %
8.07
Gross Rent Multi
6.86
Vacancy Rate %
6.14
Exp/SqFt
3.69
Exp % of Gross
44.65

Income

Gross Scheduled Rent
280680
Vacancy Loss
17223
Other Income
6374
Adjusted Gross
269831
Total Expenses
120480
Net Opp Income
149351

Expenses

Contract Services
16190
Gas/Electric
6837
Insurance
8438
Maintenance Supplies
21586
Management
16190
Taxes/Assessments
21347
Water/Sewer
18392
Other Expenses
11500
Figures Presented
Proforma
Admin Expenses
0
Capital Expenses
0
Resident Manager
0

Interior Features

Interior Steps
No

Miscellaneous

Master Elec Meter
No
Master Gas Meter
No
Master Water Meter
Yes
Package Available
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Central Air
Yes
Evaporative Cooling
Yes

Main Heating

Forced Air
Yes
Natural Gas
Yes

Terms

Cash
Yes
Conventional
Yes

Security

None
Yes

Property Disclosures

Flood Plain
Yes
IDX
Listing Office: Long Realty Company
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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