701 E Adams Street, Tucson, AZ 85719
$2,330,000
Property Type:
Commercial
Square Footage:
10,174
Lot Size (sq. ft.):
127
Status:
Closed
Current Price:
$2,330,000
List Date:
6/21/2024
Last Modified:
12/25/2024
Overview
Description
Listing Details MLS# 22415606
Address Information
- Street #
- 701
- Direction
- E
- Street Name
- Adams
- Suffix
- Street
- State/Province
- AZ
- Zip Code
- 85719
- County
- Pima
- Country
- USA
Location, Tax & Legal
- Tax Code
- 123-15-102B
- Area
- Central
- Tax Year
- 2023
- Taxes
- 7228.09
- Assessments
- 77415
- Taxes For
- Building & Land
- Legal Description
- /University Home S157.5' W116.7' Blk 9 Exc Spndrl
- Municipality/Zoning
- Tucson - 03
- Fire Protection
- Included in Taxes
- FEMA Flood Zone
- No
- Municipal Flood Zone
- No
General Property Information
- Property Sub-Type
- Apartment
- Construction Status
- Existing
- # Units
- 6
- Total Parking
- 12
- Multi-Tenant
- Yes
- Year Built
- 2014
- Lot Dimensions
- 114x171
- Lot Acres
- 0.42
- Lot Sqft
- 18295
- Lot Size Source
- Assessor
- Combined SqFt
- 10174
- Source of SqFt
- Assessor
- Leasable SqFt
- 10174
- List Price/SqFt
- 229.02
- Lot Size Price/SqFt
- 127.36
Property Features
Property Features:
Interior Steps; Smoke Detector
Construction:
Stucco Finish
Roof:
Built-Up - Reflect
Main Cooling:
Central Air
Main Heating:
Forced Air
Water Heater:
Electric
Contract Information
- Method of Title
- Fee (Simple)
- Short Sale
- No
Status Change Info
- Off Market Date
- 2024-06-21
- Pending Date
- 2024-06-19
- Sold Date
- 2024-06-21
- Sold Price/SqFt
- 229.02
- Lot Sz Sold Prc/SqFt
- 127.36
- Financing
- Conventional
More Information
Income
- Gross Scheduled Rent
- 172800
Analysis
- Cap Rate %
- 5.5
- Vacancy Rate %
- 0
Expenses
- Figures Presented
- Actual
- Insurance
- 2250
- Maintenance Supplies
- 26758
- Management
- 17280
- Taxes/Assessments
- 7228
- Other Expenses
- 1250
- Water/Sewer
- 0
Unit Information
- Apartment
- Mid Rise
Apartment Unit Information
- # of Units/3 BR
- 6
Electric
- Electric Company
- TEP
Sold Info
- Est. Closing Date
- 2024-06-21
- Seller Concessions
- 0
Construction
- Stucco Finish
- Yes
Roof
- Built-Up - Reflect
- Yes
Property Features
- Interior Steps
- Yes
- Smoke Detector
- Yes
Main Cooling
- Central Air
- Yes
Main Heating
- Forced Air
- Yes
Water Heater
- Electric
- Yes
Listing Office:
Realty Executives Arizona Territory
Last Updated: December - 25 - 2024
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