1634 N Beverly Avenue, Tucson, AZ 85712

$975,000
Property Type: Commercial Square Footage: 7,280 Lot Size (sq. ft.): 50 Status: Closed
Current Price: $975,000 List Date: 8/07/2020 Last Modified: 12/13/2024

Overview

Description

Classic double red brick garden style apartments. Pride of ownership is evident in this well maintained 14 unit complex. 12- one bedrooms and 2- two bedrooms. Current Rents are well below market, Majority of tenants are month to month. Paved parking, upgraded exterior electrical panels. Close Proximity to TMC. Property benefited from Government program to abate all lead in the property, Seller can provide documentation. Plenty of upside with this property. Seller will only consider owner carry back offers, inquire listing agent for terms and and questions.

Listing Details MLS# 22019405

Address Information

Street #
1634
Direction
N
Street Name
Beverly
Suffix
Avenue
State/Province
AZ
Zip Code
85712
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
121-12-399F
Area
Central
Tax Year
2019
Taxes
5547.15
Assessments
0
Taxes For
Building & Land
Legal Description
Avondale s100' lots 6 & 7 blk 15
Municipality/Zoning
Tucson - C1
Fire Protection
Included in Taxes
FEMA Flood Zone
No
Municipal Flood Zone
No

General Property Information

Property Sub-Type
Apartment
Construction Status
Existing
# Units
14
Total Parking
14
Multi-Tenant
Yes
Year Built
1959
Lot Dimensions
100*240
Lot Acres
0.55
Lot Sqft
24000
Lot Size Source
Assessor
Combined SqFt
7280
Source of SqFt
Assessor
List Price/SqFt
164.84
Lot Size Price/SqFt
50

Property Features

Construction: Brick Roof: Built-Up - Reflect Fenced Storage: No Main Cooling: Central Air; Evaporative Cooling Main Heating: Wall Furnace Water Heater: Natural Gas Gas: Natural Sewer: Connected Water: Public Accessibility Option: None Security: None Fence: None Landscape - Front: None Landscape - Rear: None Road Type: Paved Parking: Paved Parking Lot Features: North/South Exposure; Subdivided Terms: Owner Carry Property Disclosures: Lead Based Paint; Military Airport Vct; Seller Prop Disclosure; Unknown Special Conditions: None Restrictions: Deed

Contract Information

Method of Title
Fee (Simple)
Short Sale
No

Status Change Info

Off Market Date
2020-10-28
Pending Date
2020-12-03
Sold Date
2020-12-30
Sold Price/SqFt
133.93
Lot Sz Sold Prc/SqFt
40.63
Financing
Cash Owner Carryback

More Information

Showing Information

Directions
Pima & Craycroft, West to Beverly, South to Address

Income

Gross Scheduled Rent
111600

Analysis

Cap Rate %
6.87
Vacancy Rate %
2

Expenses

Figures Presented
Proforma
Insurance
3976
Maintenance Supplies
7000
Taxes/Assessments
5548
Water/Sewer
8100
Other Expenses
2400

Unit Information

Apartment
Low Rise

Apartment Unit Information

# of Units/1 BR
12
Avg Mo Rent/1 BR
625
# of Units/2 BR
2
Avg Mo Rent/2 BR
800

Electric

Electric Company
tep

Sold Info

Down Payment
235000
Seller Paid Repairs
5000
Seller Concessions
0

Gas

Natural
Yes

Construction

Brick
Yes

Sewer

Connected
Yes

Roof

Built-Up - Reflect
Yes

Water

Public
Yes

Fence

None
Yes

Road Type

Paved
Yes

Fenced Storage

No
Yes

Lot Features

North/South Exposure
Yes
Subdivided
Yes

Main Cooling

Central Air
Yes
Evaporative Cooling
Yes

Main Heating

Wall Furnace
Yes

Water Heater

Natural Gas
Yes

Terms

Owner Carry
Yes

Accessibility Option

None
Yes

Security

None
Yes

Landscape - Front

None
Yes

Landscape - Rear

None
Yes

Parking

Paved Parking
Yes

Restrictions

Deed
Yes

Property Disclosures

Lead Based Paint
Yes
Military Airport Vct
Yes
Seller Prop Disclosure
Yes
Unknown
Yes

Special Conditions

None
Yes

Documents

Listing Office: Harvey Mordka Realty
IDX
Last Updated: December - 13 - 2024
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.
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