13035 N Tortolita Road, Marana, AZ 85653

$1,200,000
Property Type: Multi-Family Square Footage: 17,796 Lot Size (sq. ft.): 11 Status: Closed
Current Price: $1,200,000 List Date: 12/15/2003 Last Modified: 10/25/2024

Overview

Description

6 buildings consist of 162 storage units w/$15,360 avg mo rent (all different sizes w/some units being adjustable) + 32 spaces of RV/boat parking and an RV dump station, all on about 3 acres comm land. The property is surrounded by a decorative masonry wall. Almost finished. Over 6000 more homes are scheduled to be built in Dove Mtn with CC&Rs restricting visible RV/boat parking. Most of these homes will have very little storage space. Near I-10.

Listing Details MLS# 2329492

Address Information

Street #
13035
Direction
N
Street Name
Tortolita
Suffix
Road
State/Province
AZ
Zip Code
85653
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
218-44-086F
Area
Northwest
Subdivision
Unsubdivided
Tax Year
2002
Taxes
3370
Assessments
0
Legal Description
Long Legal Call LA
Township
11
Community
None
Range
12
Section
26
Municipality/Zoning
Marana - C
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
Call LA
Lot Acres
2.79
Lot Sqft
121532
Lot Size Source
Assessor
Combined SqFt
17796
Year Built
2003
List Price/SqFt
77.26
Lot Size Price/SqFt
11.31

Property Features

Construction: Frame - Stucco Main Heating: None Sewer: Connected Terms: Cash; Conventional Property Disclosures: Unknown Sold Info: Financing

Status Change Info

Off Market Date
2004-04-22
Pending Date
2004-01-16
Sold Date
2004-04-22
Sold Price/SqFt
67.43
Lot Sz Sold Prc/SqFt
9.87
How Sold
Conventional

More Information

Showing Information

Directions
Thornydale/Tangerine West to Dove Mountain, go North to Moore Rd, West to Tortolita, North to sign (next to fire station).

Unit Info

# of Units/Other
162
Avg Mo Rent/Other
15360

Analysis

Cap Rate %
12.73
Gross Rent Multi
7.85
Vacancy Rate %
5

Income

Gross Scheduled Rent
184320
Vacancy Loss
9216
Adjusted Gross
175104
Net Opp Income
175104

Interior Features

Interior Steps
No

Water

Water Company
Marana

Miscellaneous

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

Construction

Frame - Stucco
Yes

Sewer

Connected
Yes

Main Heating

None
Yes

Terms

Cash
Yes
Conventional
Yes

Sold Info

Financing
Yes

Property Disclosures

Unknown
Yes
Listing Office: Berkshire Hathaway Homeservices Premier Properties
IDX
Last Updated: October - 25 - 2024
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