4713 N 1st Av, Tucson, AZ 85718

$1,950,000
Property Type: Commercial Square Footage: 26,143 Lot Size (sq. ft.): 19 Status: Closed
Current Price: $1,950,000 List Date: 10/15/2016 Last Modified: 12/09/2024

Overview

Description

Investor opportunity at 4701-4747 N 1st Ave. Professional office plaza consisting of 18 separate tenant spaces ranging from 495-3645 sf, 18 parcel #'s, all spaces are leased & a well maintained property. See appendix 1 for parcel #'s & legal descriptions. All units with heat pumps except 4 with combo of gas heat, electric AC.

Listing Details MLS# 21627755

Address Information

Street #
4713
Direction
N
Street Name
1st Av
State/Province
AZ
Zip Code
85718
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
105-09-3000
Area
North
Tax Year
2016
Taxes
46432.5
Assessments
0
Legal Description
See appendix 1 for multiple legal descriptions
Municipality/Zoning
Pima County - TR
Fire Protection
Included in Taxes

General Property Information

# Units
18
Year Built
1974
Lot Dimensions
irregular
Lot Acres
2.3
Lot Sqft
100188
Lot Size Source
Assessor
Combined SqFt
26143
Source of SqFt
Assessor
List Price/SqFt
76.5
Lot Size Price/SqFt
19.96

Property Features

Construction: Concrete Block Main Cooling: Central Air Main Heating: Heat Pump Sewer: Connected Water: Public Terms: Cash; Conventional Property Disclosures: Unknown

Status Change Info

Off Market Date
2016-12-02
Pending Date
2016-12-31
Sold Date
2017-01-09
Sold Price/SqFt
74.59
Lot Sz Sold Prc/SqFt
19.46
Financing
Cash Owner Carryback

More Information

Showing Information

Directions
1st Ave/ River Road South to Complex 4701-4749 N 1st Ave

Income

Gross Scheduled Rent
304896
Vacancy Loss
30459
Total Expenses
151232.55
Net Opp Income
122904

Analysis

Vacancy Rate %
9.99
Exp/SqFt
5.78

Expenses

Admin Expenses
19000
Contract Services
30000
Figures Presented
Actual
Insurance
10500
Management
24000
Taxes/Assessments
46432.55
Water/Sewer
18000
Other Expenses
3300
Captial Expenses
0
Gas/Electric
0
Maintenance Supplies
0
Resident Manager
0

Property Features

A.D.A. Compliant
Yes

Sold Info

Est. Closing Date
2017-01-09
Seller Paid Repairs
37600
Seller Concessions
0

Construction

Concrete Block
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Central Air
Yes

Main Heating

Heat Pump
Yes

Terms

Cash
Yes
Conventional
Yes

Property Disclosures

Unknown
Yes
Listing Office: Tierra Antigua Realty
IDX
Last Updated: December - 09 - 2024
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