2230 E Ft Lowell, Unknown, AZ 85718
$1,110,000
Property Type:
Multi-Family
Square Footage:
44,600
Status:
Closed
Current Price:
$1,110,000
List Date:
7/10/1994
Last Modified:
10/26/2024
Overview
Description
This Complex Has Had Extensive Renovation, & Now Operates At 95% Occup The Income & Expenses Are Projected At The Current Rental Rates,The Expenses Protect A 3.5% Increase Over 1993.The Owner Will Carry At 9.25% Term & Amort Are Negotiable.
Listing Details MLS# 9409194
Address Information
- Street #
- 2230
- Direction
- E
- Street Name
- Ft Lowell
- State/Province
- AZ
- Zip Code
- 85718
- County
- Unknown
- Country
- USA
Location, Tax & Legal
- Tax Code
- 112050016
- Area
- Central
- Subdivision
- Campbell Ave. Acres
- Tax Year
- 1993
- Taxes
- 15259
- Assessments
- 0
- Legal Description
- Long Legal In Office
- Township
- 13
- Community
- None
- Range
- 14
- Section
- 32
- Municipality/Zoning
- Tucson - R3
General Property Information
- Combined SqFt
- 44600
- Year Built
- 1971
- List Price/SqFt
- 26.79
Property Features
Construction:
Masonry Stucco
Main Cooling:
Central Air
Sewer:
Connected
Water:
Public
Terms:
Cash; Conventional; Exchange; Owner Carry
Sold Info:
Financing
Status Change Info
- Off Market Date
- 1995-01-26
- Pending Date
- 1994-09-13
- Sold Date
- 1995-01-26
- Sold Price/SqFt
- 24.88
- How Sold
- Cash Owner Carryback
More Information
Showing Information
- Directions
- Ft Lowell To Address
Unit Info
- # of Units/1 BR
- 10
- Avg Mo Rent/1 BR
- 405
- # of Units/2 BR
- 48
- Avg Mo Rent/2 BR
- 485
Analysis
- Cap Rate %
- 12.57
- Gross Rent Multi
- 3.87
- Vacancy Rate %
- 8
- Exp/SqFt
- 3.54
- Exp % of Gross
- 51.29
Income
- Gross Scheduled Rent
- 327960
- Vacancy Loss
- 26236
- Other Income
- 6800
- Adjusted Gross
- 308524
- Total Expenses
- 158250
- Net Opp Income
- 150274
Expenses
- Admin Expenses
- 741
- Capital Expenses
- 5205
- Contract Services
- 3500
- Gas/Electric
- 79104
- Insurance
- 3500
- Maintenance Supplies
- 16700
- Resident Manager
- 20200
- Taxes/Assessments
- 15500
- Water/Sewer
- 13800
- Figures Presented
- Actual
Interior Features
- Interior Steps
- No
Miscellaneous
- Master Elec Meter
- Yes
- Master Gas Meter
- No
- Master Water Meter
- No
- Package Available
- Yes
Construction
- Masonry Stucco
- Yes
Sewer
- Connected
- Yes
Water
- Public
- Yes
Main Cooling
- Central Air
- Yes
Terms
- Cash
- Yes
- Conventional
- Yes
- Exchange
- Yes
- Owner Carry
- Yes
Sold Info
- Financing
- Yes
Listing Office:
Coldwell Banker Realty
Last Updated: October - 26 - 2024
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