2540 E Copper Street, Tucson, AZ 85716
$1,170,000
Property Type:
Commercial
Square Footage:
5,284
Lot Size (sq. ft.):
85
Status:
Closed
Current Price:
$1,170,000
List Date:
4/18/2023
Last Modified:
12/22/2024
Overview
Description
Introducing a fantastic investment opportunity - an 8 unit apartment complex! This property features a mix of 3 upgraded 2 bedroom 1 bathroom units and 5 cozy 1 bedroom 1 bathroom units, offering a range of options for potential tenants.
The complex is well-maintained and located in a desirable central area. Each unit boasts modern amenities and plenty of natural light, providing a comfortable living experience for tenants.This is the perfect opportunity for investors looking to expand their real estate portfolio or first-time investors looking to get started in the industry. Don't miss out on this incredible chance to own a profitable 8 unit apartment complex.
Listing Details MLS# 22308492
Address Information
- Street #
- 2540
- Direction
- E
- Street Name
- Copper
- Suffix
- Street
- State/Province
- AZ
- Zip Code
- 85716
- County
- Pima
- Country
- USA
Location, Tax & Legal
- Tax Code
- 112-07-1710
- Area
- Central
- Tax Year
- 2022
- Taxes
- 4410.81
- Assessments
- 0
- Taxes For
- Building & Land
- Legal Description
- From Parcel:112071710 /Grant Road Park No 2 N99' Lot 3 Blk 6
- Municipality/Zoning
- Tucson - R2
- Fire Protection
- Included in Taxes
- FEMA Flood Zone
- TBD
- Municipal Flood Zone
- TBD
General Property Information
- Property Sub-Type
- Apartment
- Year Built
- 1950
- Lot Dimensions
- Irregular
- Lot Acres
- 0.53
- Lot Sqft
- 14056
- Lot Size Source
- Assessor
- Combined SqFt
- 5284
- Source of SqFt
- Assessor
- List Price/SqFt
- 227.1
- Lot Size Price/SqFt
- 85.37
Contract Information
- Method of Title
- Fee (Simple)
- Short Sale
- No
Status Change Info
- Off Market Date
- 2023-04-18
- Pending Date
- 2023-04-18
- Sold Date
- 2023-05-03
- Sold Price/SqFt
- 221.42
- Lot Sz Sold Prc/SqFt
- 83.24
- Financing
- Cash
More Information
Showing Information
- Directions
- Grant/Tucson Blvd N To Copper, E To Address
Income
- Gross Scheduled Rent
- 107760
- Vacancy Loss
- 5388
- Other Income
- 7380
- Adjusted Gross
- 109752
- Net Opp Income
- 79040
Analysis
- Cap Rate %
- 6.58
- Gross Rent Multi
- 10.66
- Vacancy Rate %
- 5
Expenses
- Management
- 8620
- Water/Sewer
- 5940
- Other Expenses
- 21539
Unit Information
- Apartment
- Low Rise
Apartment Unit Information
- # of Units/1 BR
- 5
- # of Units/2 BR
- 3
Sold Info
- Seller Concessions
- 0
Listing Office:
Realty Executives Arizona Territory
Last Updated: December - 22 - 2024
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