1741 W Wetmore Road, Tucson, AZ 85705

$1,172,500
Property Type: Multi-Family Square Footage: 132,858 Lot Size (sq. ft.): 9 Status: Closed
Current Price: $1,172,500 List Date: 2/15/2005 Last Modified: 10/26/2024

Overview

Description

Very clean pride of ownership 42 space mobile home park. Property consists of 41 park owned rental units, 1 rented lot. Tenants pay for ALL utilities, NEW Gas line installed in 03,owned & billed by SW Gas. NEW streets in 03. This property is located on 3.05 acres. Owners currently/have managed property since 1998. Small office included, this is a turn key operation and excellent investment opportunity. Seller is licensed real estate agent in AZ.

Listing Details MLS# 2428408

Address Information

Street #
1741
Direction
W
Street Name
Wetmore
Suffix
Road
State/Province
AZ
Zip Code
85705
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
104-07-045A
Area
Central
Subdivision
Unsubdivided
Tax Year
2003
Taxes
6031
Assessments
0
Legal Description
Long legal in office.
Township
13
Community
None
Range
13
Section
22
Municipality/Zoning
Pima County - MU
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
419x315x419x316
Lot Acres
3.05
Lot Sqft
132858
Lot Size Source
Assessor
Combined SqFt
132858
Year Built
1966
List Price/SqFt
9.78
Lot Size Price/SqFt
9.78

Property Features

Construction: Other Main Cooling: Central Air; Evaporative Cooling Main Heating: Forced Air; Natural Gas Sewer: Connected Security: None Terms: Cash; Conventional; Exchange; Submit Property Disclosures: Lead Based Paint Sold Info: Financing

Status Change Info

Off Market Date
2005-07-01
Pending Date
2005-04-11
Sold Date
2005-07-01
Sold Price/SqFt
8.82
Lot Sz Sold Prc/SqFt
8.82
How Sold
Cash Owner Carryback

More Information

Showing Information

Directions
Oracle and Wetmore go west on Wetmore to address on south side of Wetmore. Go south down private drive 300 to property.

Unit Info

# of Units/1 BR
2
Avg Mo Rent/1 BR
380
# of Units/2 BR
11
Avg Mo Rent/2 BR
408
# of Units/3 BR
28
Avg Mo Rent/3 BR
488

Analysis

Cap Rate %
11.41
Gross Rent Multi
5.53
Vacancy Rate %
11.87
Exp/SqFt
0.65
Exp % of Gross
36.85

Income

Gross Scheduled Rent
227280
Vacancy Loss
27000
Other Income
34800
Adjusted Gross
235080
Total Expenses
86647
Net Opp Income
148433

Expenses

Gas/Electric
20108
Insurance
6086
Maintenance Supplies
4643
Resident Manager
13178
Taxes/Assessments
8850
Water/Sewer
6082
Other Expenses
27700

Interior Features

Interior Steps
No

Water

Water Company
Flowing Wells

Miscellaneous

Master Elec Meter
Yes
Master Gas Meter
No
Master Water Meter
Yes
Package Available
Yes

Construction

Other
Yes

Sewer

Connected
Yes

Main Cooling

Central Air
Yes
Evaporative Cooling
Yes

Main Heating

Forced Air
Yes
Natural Gas
Yes

Terms

Cash
Yes
Conventional
Yes
Exchange
Yes
Submit
Yes

Security

None
Yes

Sold Info

Financing
Yes

Property Disclosures

Lead Based Paint
Yes

Documents

Listing Office: Coldwell Banker Realty
IDX
Last Updated: October - 26 - 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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