1240 W Ajo Way, Tucson, AZ 85713
$1,307,000
Property Type:
Multi-Family
Square Footage:
27,716
Lot Size (sq. ft.):
14
Status:
Closed
Current Price:
$1,307,000
List Date:
2/03/2003
Last Modified:
10/25/2024
Overview
Description
Garden Style Apartments. All rents and operating numbers are estimates based on a stabilized proforma. This is a fixup opportunity offered at a low $20,536/unit. Complexes along Ajo have strong occupancy. This could be a sweetheart with some work!
Listing Details MLS# 2303370
Address Information
- Street #
- 1240
- Direction
- W
- Street Name
- Ajo
- Suffix
- Way
- State/Province
- AZ
- Zip Code
- 85713
- County
- Pima
- Country
- USA
Location, Tax & Legal
- Tax Code
- 119-18-029F
- Area
- West
- Subdivision
- Unsubdivided
- Tax Year
- 2002
- Taxes
- 15849
- Assessments
- 4019
- Legal Description
- PT OF E289.65' W1056.74' N323.84'S398.84' OF SW4 SW4 1.78 AC SEC 26-14-13
- Township
- 14
- Community
- None
- Range
- 13
- Section
- 26
- Municipality/Zoning
- Tucson - R3
- Fire Protection
- Included in Taxes
General Property Information
- Lot Acres
- 1.78
- Lot Sqft
- 77537
- Combined SqFt
- 27716
- Year Built
- 1981
- List Price/SqFt
- 41.49
- Lot Size Price/SqFt
- 14.83
Property Features
Construction:
Frame - Stucco
Sewer:
Connected
Water:
Public
Security:
None
Terms:
Cash; Conventional
Property Disclosures:
Unknown
Sold Info:
Financing
Status Change Info
- Off Market Date
- 2003-07-08
- Pending Date
- 2003-05-08
- Sold Date
- 2003-07-08
- Sold Price/SqFt
- 47.15
- Lot Sz Sold Prc/SqFt
- 16.85
- How Sold
- Cash
More Information
Showing Information
- Directions
- West of I-19 on Ajo (north side od road)
Unit Info
- # of Units/1 BR
- 40
- Avg Mo Rent/1 BR
- 375
- # of Units/2 BR
- 16
- Avg Mo Rent/2 BR
- 495
Analysis
- Cap Rate %
- 10.41
- Gross Rent Multi
- 4.49
- Vacancy Rate %
- 8.17
- Exp/SqFt
- 4.91
- Exp % of Gross
- 53.24
Income
- Gross Scheduled Rent
- 269340
- Vacancy Loss
- 22003
- Other Income
- 8732
- Adjusted Gross
- 256069
- Total Expenses
- 136334
- Net Opp Income
- 119735
Expenses
- Admin Expenses
- 4600
- Capital Expenses
- 14000
- Contract Services
- 10400
- Gas/Electric
- 1500
- Insurance
- 7741
- Maintenance Supplies
- 40600
- Management
- 10243
- Resident Manager
- 16000
- Taxes/Assessments
- 16250
- Water/Sewer
- 15000
Interior Features
- Interior Steps
- No
Sold Info
- Selling Comments
- Amount contributed b
- Financing
- Yes
Miscellaneous
- Master Elec Meter
- No
- Master Gas Meter
- No
- Master Water Meter
- Yes
- Package Available
- Yes
Construction
- Frame - Stucco
- Yes
Sewer
- Connected
- Yes
Water
- Public
- Yes
Terms
- Cash
- Yes
- Conventional
- Yes
Security
- None
- Yes
Property Disclosures
- Unknown
- Yes
Listing Office:
Schulte Company
Last Updated: October - 25 - 2024
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