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
AZ
Zip Code
85718
County
Unknown
Country
USA

Location, Tax & Legal

Assessor #
112050016
Area
Central
Subdivision/Neighborhood
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

LivingArea
44600
Year Built
1971
List Price/SqFt
26.79

Property Features

Construction: Masonry Stucco Main Cooling: Central Air Sewer: Connected Terms: Cash; Exchange; Owner Carry

Contract Information

Listing Price
1195000

Status Change Info

Off Market Date
1995-01-26
Under Contract 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

Analysis

CAPRate
12.57
Gross Rent Multi
3.87
Vacancy Rate %
8
Exp % of Gross
51.29
Exp/SqFt
3.54

Income

GrossScheduledIncome
327960
Vacancy Loss
26236
Other Income
6800
Adjusted Gross
308524
Total Expenses
158250
NetOperatingIncome
150274

Expenses

Admin Expenses
741
Capital Expenses
5205
Contract Services
3500
Insurance
3500
Maintenance Supplies
16700
Resident Manager
20200
Figures Presented
Actual
Gas/Electric
79104
Taxes/Assessments
15500
Water/Sewer
13800

Interior Features

Interior Steps
No

Miscellaneous

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

Unit Info

# of Units/1 BR
10
Avg Mo Rent/1 BR
405
# of Units/2 BR
48
Avg Mo Rent/2 BR
485

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
IDX
Listing Office: Coldwell Banker Realty
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.