2850 N Park Avenue, Tucson, AZ 85719

$1,350,000
Property Type: Multi-Family Square Footage: 14,197 Lot Size (sq. ft.): 17 Status: Closed
Current Price: $1,350,000 List Date: 10/15/2007 Last Modified: 10/26/2024

Overview

Description

Super Income Opportunity! 26 spacious 1-BD units in 7 single-story bldgs. 100% Occupied! Strong rental history. Low unit density (14 Units/Acre). Superb curb appeal. Each unit approx. 540s.f. equipped with screened evap. cooling, built-in dresser, refrig., cable hookup, kitchen pantry and rare private patio. Select units are equipped with ceiling fans. Albertson's, Ace, Casa Molina, Sauce, Beyond Bread, Pastiche, Chicago Pizza, & Rubios nearby.

Listing Details MLS# 20741905

Address Information

Street #
2850
Direction
N
Street Name
Park
Suffix
Avenue
State/Province
AZ
Zip Code
85719
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
113-08-0540
Area
Central
Subdivision
Catalina Poultry Acres NO 1
Tax Year
2007
Taxes
7341
Assessments
0
Legal Description
To be provided by Title Company.
Township
13
Community
None
Range
14
Section
31
Municipality/Zoning
Tucson - R2
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
314.80 X 254.00
Lot Acres
1.84
Lot Sqft
79976
Lot Size Source
Assessor
Combined SqFt
14197
Year Built
1983
List Price/SqFt
98.26
Lot Size Price/SqFt
17.44

Property Features

Construction: Frame - Stucco Main Cooling: Central Air; Evaporative Cooling Main Heating: Baseboard Sewer: Connected Water: Public Security: None Terms: Cash; Conventional; Owner Carry; Submit Property Disclosures: Lead Based Paint; Unknown Sold Info: Financing

Status Change Info

Off Market Date
2008-02-06
Pending Date
2007-10-26
Sold Date
2008-02-06
Sold Price/SqFt
95.09
Lot Sz Sold Prc/SqFt
16.88
How Sold
Cash

More Information

Showing Information

Directions
Park and Glenn, 1 Block N to address.

Unit Info

# of Units/1 BR
26
Avg Mo Rent/1 BR
455

Analysis

Cap Rate %
6.65
Gross Rent Multi
10.34
Vacancy Rate %
5
Exp/SqFt
2.96
Exp % of Gross
31.18

Income

Gross Scheduled Rent
141960
Vacancy Loss
7098
Adjusted Gross
134862
Total Expenses
42060
Net Opp Income
92802

Expenses

Contract Services
4096
Gas/Electric
1366
Insurance
2404
Maintenance Supplies
6763
Management
9440
Taxes/Assessments
7341
Water/Sewer
3500
Other Expenses
7150

Interior Features

Interior Steps
No

Miscellaneous

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

Construction

Frame - Stucco
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Central Air
Yes
Evaporative Cooling
Yes

Main Heating

Baseboard
Yes

Terms

Cash
Yes
Conventional
Yes
Owner Carry
Yes
Submit
Yes

Security

None
Yes

Sold Info

Financing
Yes

Property Disclosures

Lead Based Paint
Yes
Unknown
Yes
IDX
Listing Office: Buette DeRousseCommercial R.E.
Last Updated: October - 26 - 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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