3601 E 2nd Street, Tucson, AZ 85716

$1,735,000
Property Type: Multi-Family Square Footage: 20,192 Lot Size (sq. ft.): 37,026 Status: Closed
Current Price: $1,735,000 List Date: 11/06/2007 Last Modified: 10/26/2024

Overview

Description

Numbers are actuals rents have good upside. Units are a/c, pool and ample parking. property is 100% OCCUPIED

Listing Details MLS# 20744485

Address Information

Street #
3601
Direction
E
Street Name
2nd
St Suffix
Street
State
AZ
Zip Code
85716
County
Pima
Country
USA

Location, Tax & Legal

Assessor #
125-11-0850
Area
Central
Subdivision/Neighborhood
Speedway View Addition
Municipality/Zoning
Tucson - R3

General Property Information

Lot Dimensions
265.2x300
Lot Sqft
37026
Lot Size Source
Other
LivingArea
20192
Year Built
1962
Lot Acres
0.85
List Price/SqFt
91.62
Lot Size Price/SqFt
49.96

Property Features

Construction: Concrete Block Main Heating: Baseboard Sewer: Connected Property Disclosures: Lead Based Paint

Contract Information

Listing Price
1850000

Status Change Info

Off Market Date
2008-02-29
Under Contract Date
2008-02-06
Sold Date
2008-02-29
Sold Price/SqFt
85.93
How Sold
Conventional
Lot Sz Sold Prc/SqFt
46.86

More Information

Showing Information

Directions
Country Club/Speedway East then South on Richey E on 2nd to address.

Analysis

CAPRate
6.19
Gross Rent Multi
9.36
Vacancy Rate %
5
Exp % of Gross
42.03
Exp/SqFt
4.11

Income

GrossScheduledIncome
207960
Vacancy Loss
10398
Adjusted Gross
197562
Total Expenses
83036
NetOperatingIncome
114526

Expenses

Admin Expenses
300
Contract Services
3000
Insurance
6500
Maintenance Supplies
12500
Resident Manager
9878
Other Expenses
12600
Taxes/Assessments
11758
Water/Sewer
26500

Interior Features

Interior Steps
No

Miscellaneous

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

Unit Info

# of Units/Studios
22
Avg Mo Rent/Studios
375
# of Units/1 BR
20
Avg Mo Rent/1 BR
454

Water

Public
Yes

Terms

Conventional
Yes

Sold Info

Financing
Yes

Property Disclosures

Military Airport Vct
Yes
IDX
Listing Office: Long Realty Company
Last Updated: October - 26 - 2024
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