1503 S Woodland Avenue, Tucson, AZ 85711
$1,075,000
Property Type:
Multi-Family
Square Footage:
14,362
Lot Size (sq. ft.):
34
Status:
Closed
Current Price:
$1,075,000
List Date:
1/12/2006
Last Modified:
10/26/2024
Overview
Description
Great apartment priced to sell!!! Property offers court yard setting with pool, security fencing, onsite laundry with six new machines that convey to buyer, large parking lot. Property has been well maintained considering its age. located in a strong rental market, low vacancy. Rents shown are actual and are low for the area, room to raise.
Listing Details MLS# 2601900
Address Information
- Street #
- 1503
- Direction
- S
- Street Name
- Woodland
- Suffix
- Avenue
- State/Province
- AZ
- Zip Code
- 85711
- County
- Pima
- Country
- USA
Location, Tax & Legal
- Tax Code
- 131-02-157B
- Area
- Central
- Subdivision
- Craycroft Terrace
- Tax Year
- 5
- Taxes
- 7907
- Assessments
- 0
- Legal Description
- supplied in escrow
- Township
- 14
- Community
- None
- Range
- 14
- Section
- 23
- Municipality/Zoning
- Tucson - R3
- Fire Protection
- Included in Taxes
General Property Information
- Lot Dimensions
- 110X310
- Lot Acres
- 0.81
- Lot Sqft
- 35218
- Lot Size Source
- Assessor
- Combined SqFt
- 14362
- Year Built
- 1980
- List Price/SqFt
- 83.55
- Lot Size Price/SqFt
- 34.07
Property Features
Construction:
Frame - Stucco
Main Cooling:
Central Air; Evaporative Cooling
Main Heating:
Baseboard
Sewer:
Connected
Water:
Public
Security:
None
Terms:
Conventional
Property Disclosures:
Unknown
Sold Info:
Financing
Status Change Info
- Off Market Date
- 2006-05-19
- Pending Date
- 2006-03-13
- Sold Date
- 2006-05-19
- Sold Price/SqFt
- 74.85
- Lot Sz Sold Prc/SqFt
- 30.52
- How Sold
- Cash
More Information
Showing Information
- Directions
- craycroft to 26th go west to property
Unit Info
- # of Units/Studios
- 8
- Avg Mo Rent/Studios
- 265
- # of Units/1 BR
- 12
- Avg Mo Rent/1 BR
- 325
- # of Units/2 BR
- 8
- Avg Mo Rent/2 BR
- 400
Analysis
- Cap Rate %
- 6.01
- Gross Rent Multi
- 11.08
- Vacancy Rate %
- 5.42
- Exp/SqFt
- 2.51
- Exp % of Gross
- 33.33
Income
- Gross Scheduled Rent
- 110640
- Vacancy Loss
- 6000
- Other Income
- 3600
- Adjusted Gross
- 108240
- Total Expenses
- 36085
- Net Opp Income
- 72155
Expenses
- Gas/Electric
- 5100
- Insurance
- 4200
- Maintenance Supplies
- 6200
- Management
- 6278
- Taxes/Assessments
- 7907
- Water/Sewer
- 6400
Interior Features
- Interior Steps
- No
Miscellaneous
- Master Elec Meter
- No
- Master Gas Meter
- No
- Master Water Meter
- Yes
- Package Available
- No
Construction
- Frame - Stucco
- Yes
Sewer
- Connected
- Yes
Water
- Public
- Yes
Main Cooling
- Central Air
- Yes
- Evaporative Cooling
- Yes
Main Heating
- Baseboard
- Yes
Terms
- Conventional
- Yes
Security
- None
- Yes
Sold Info
- Financing
- Yes
Property Disclosures
- Unknown
- Yes
Listing Office:
S.J. Fowler/GMAC Real Estate
Last Updated: October - 26 - 2024
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