701 E Adams Street, Tucson, AZ 85719
$2,330,000
Property Type:
Commercial
Square Footage:
10,174
Lot Size (sq. ft.):
18,295
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
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 2026 MLS of Southern Arizona. All Rights Reserved.