2114 N Forgeus Avenue, Tucson, AZ 85716

$1,150,000
Property Type: Multi-Family Square Footage: 14,592 Lot Size (sq. ft.): 18 Status: Closed
Current Price: $1,150,000 List Date: 1/06/2005 Last Modified: 10/26/2024

Overview

Description

TERRIFIC CENTRAL LOCATION-CLOSE TO U OF A & BUS LINES-CASITA-LIKE COMPLEX-18- 2 BEDROOMS UNITS 4-1 BEDROOM UNITS, LOTS OF PARKING- NICE CURB APPEAL. INCLUDES EMPTY LOT (CAN BUILD ON IT) EXPENSES ARE ACTUAL.

Listing Details MLS# 2430872

Address Information

Street #
2114
Direction
N
Street Name
Forgeus
Suffix
Avenue
State/Province
AZ
Zip Code
85716
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
123-02-1140
Area
Central
Subdivision
New Deal Acres
Tax Year
2003
Taxes
8156
Assessments
0
Legal Description
NEW DEAL ACRES LOT 7 & LOT 8 BLOCK 6
Township
14
Community
None
Range
14
Section
5
Municipality/Zoning
Tucson - R1
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
230X300
Lot Acres
1.58
Lot Sqft
68825
Lot Size Source
Assessor
Combined SqFt
14592
Year Built
1948
List Price/SqFt
85.66
Lot Size Price/SqFt
18.16

Property Features

Construction: Brick Main Cooling: Central Air; Evaporative Cooling Main Heating: Wall Furnace Sewer: Connected Water: Public Security: None Terms: Conventional Property Disclosures: Military Airport Vct Sold Info: Financing

Status Change Info

Off Market Date
2005-07-29
Pending Date
2005-04-14
Sold Date
2005-07-29
Sold Price/SqFt
78.81
Lot Sz Sold Prc/SqFt
16.7
How Sold
Conventional

More Information

Showing Information

Directions
FROM TUCSON & GRANT, EAST TO FORGEUS, SOUTH TO ADDRESS.

Unit Info

# of Units/1 BR
4
Avg Mo Rent/1 BR
440
# of Units/2 BR
18
Avg Mo Rent/2 BR
525

Analysis

Cap Rate %
7.61
Gross Rent Multi
9.4
Vacancy Rate %
4.98
Exp/SqFt
2.58
Exp % of Gross
28.38

Income

Gross Scheduled Rent
133500
Vacancy Loss
6650
Other Income
6027
Adjusted Gross
132877
Total Expenses
37722
Net Opp Income
95155

Expenses

Admin Expenses
248
Gas/Electric
5980
Insurance
6932
Maintenance Supplies
7838
Taxes/Assessments
8156
Water/Sewer
3984
Other Expenses
4584

Interior Features

Interior Steps
Yes

Miscellaneous

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

Construction

Brick
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Central Air
Yes
Evaporative Cooling
Yes

Main Heating

Wall Furnace
Yes

Terms

Conventional
Yes

Security

None
Yes

Sold Info

Financing
Yes

Property Disclosures

Military Airport Vct
Yes
Listing Office: Rich Realty, Inc.
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.