1455 W Prince Road, Tucson, AZ 85705

$1,350,000
Property Type: Multi-Family Square Footage: 2,222 Lot Size (sq. ft.): 12 Status: Closed
Current Price: $1,350,000 List Date: 1/21/2016 Last Modified: 12/09/2024

Overview

Description

The Flamingo Palms MHP is situated on a 2.57 acre lot with 47 mobile home spaces and 4 small houses. The park is centrally located in Tucson close to bus lines and shopping. This is a turn key investment opportunity that offers immediate cash flow. Lots of upside with property values and rents steadily rising in Tucson. Tenants pay for all utilities including water. Please do no disturb tenants.

Listing Details MLS# 21532748

Address Information

Street #
1455
Direction
W
Street Name
Prince
Suffix
Road
State/Province
AZ
Zip Code
85705
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
106-12-0080
Area
Central
Subdivision
Unsubdivided
Tax Year
2015
Taxes
8124.06
Assessments
0
Legal Description
W230.48' E809.48' S488' N533' NE4 SE4 2.51 AC FW 2.82 AC SEC 27-13-13
Township
13
Community
None
Range
13
Section
27
Municipality/Zoning
Tucson - C1
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
230x488 approx.
Lot Acres
2.57
Lot Sqft
111949
Lot Size Source
Assessor
Combined SqFt
2222
Year Built
1952
List Price/SqFt
607.56
Lot Size Price/SqFt
12.06

Property Features

Construction: Other Sewer: Connected Security: None Terms: Cash; Conventional; Owner Carry Property Disclosures: Lead Based Paint; Unknown

Contract Information

Distressed Info
None

Status Change Info

Off Market Date
2016-03-02
Pending Date
2016-04-29
Sold Date
2016-05-04
Sold Price/SqFt
607.56
Lot Sz Sold Prc/SqFt
12.06
How Sold
Conventional

More Information

Showing Information

Directions
PRINCE/ FLOWING WELLS- WEST TO ADDRESS

Unit Info

# of Units/1 BR
Yes
Avg Mo Rent/1 BR
310
# of Units/2 BR
2
Avg Mo Rent/2 BR
550
# of Units/3 BR
Yes
Avg Mo Rent/3 BR
595
# of Units/Other
47
Avg Mo Rent/Other
315
Avg Mo Rent/Studios
0

Analysis

Cap Rate %
11.6
Gross Rent Multi
4.76
Vacancy Rate %
5.46
Exp/SqFt
57.07
Exp % of Gross
44.74

Income

Gross Scheduled Rent
201600
Vacancy Loss
11000
Other Income
92826
Adjusted Gross
283426
Total Expenses
126800
Net Opp Income
156626

Expenses

Capital Expenses
1400
Gas/Electric
48285
Insurance
3877
Maintenance Supplies
30262
Resident Manager
5552
Taxes/Assessments
9768
Water/Sewer
21627
Other Expenses
6029
Figures Presented
Actual
Admin Expenses
0
Contract Services
0
Management
0

Water

Water Company
Flowing Wells

Construction

Other
Yes

Sewer

Connected
Yes

Terms

Cash
Yes
Conventional
Yes
Owner Carry
Yes

Security

None
Yes

Property Disclosures

Lead Based Paint
Yes
Unknown
Yes
Listing Office: Realty Executives Arizona Territory
IDX
Last Updated: December - 09 - 2024
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