2565 N Park Avenue, Tucson, AZ 85719

$1,463,000
Property Type: Multi-Family Square Footage: 13,206 Lot Size (sq. ft.): 35 Status: Closed
Current Price: $1,463,000 List Date: 12/15/2011 Last Modified: 12/06/2024

Overview

Description

Fully gated 39 unit apartment with swimming pool, Bar BQ area and Gazebo. 1.5 miles from U of A and Pima College. Units separatly metered. 100% occupied.

Listing Details MLS# 21131649

Address Information

Street #
2565
Direction
N
Street Name
Park
Suffix
Avenue
State/Province
AZ
Zip Code
85719
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
113-09-162A
Area
Central
Subdivision
Ocotillo Park (40-76)
Tax Year
2010
Taxes
12017
Assessments
0
Legal Description
Ocotillo Park Lots 72,73,74,75
Township
13
Community
None
Range
14
Section
31
Municipality/Zoning
Tucson - R3
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
297 X 134
Lot Acres
0.96
Lot Sqft
41818
Lot Size Source
Assessor
Combined SqFt
13206
Year Built
1976
List Price/SqFt
113.21
Lot Size Price/SqFt
35.75

Property Features

Construction: Slump Block Main Cooling: Wall Unit(s) Main Heating: Electric; Forced Air Sewer: Connected Water: Public Terms: Cash; Conventional Property Disclosures: Lead Based Paint

Contract Information

Distressed Info
None

Status Change Info

Off Market Date
2012-04-13
Pending Date
2012-04-11
Sold Date
2012-06-29
Sold Price/SqFt
110.78
Lot Sz Sold Prc/SqFt
34.98
How Sold
Conventional

More Information

Showing Information

Directions
Grant/Park north on Park to address

Unit Info

# of Units/Studios
39
Avg Mo Rent/Studios
383.25
Avg Mo Rent/1 BR
0
Avg Mo Rent/2 BR
0
Avg Mo Rent/3 BR
0
Avg Mo Rent/Other
0

Analysis

Cap Rate %
9.74
Gross Rent Multi
8.63
Vacancy Rate %
6.99
Exp/SqFt
2.1
Exp % of Gross
15.98

Income

Gross Scheduled Rent
183960
Vacancy Loss
12859
Other Income
2160
Adjusted Gross
173261
Total Expenses
27681
Net Opp Income
145580

Expenses

Contract Services
2300
Gas/Electric
4050
Insurance
3505
Taxes/Assessments
10820
Water/Sewer
7006
Figures Presented
Actual
Admin Expenses
0
Capital Expenses
0
Maintenance Supplies
0
Management
0
Resident Manager
0
Other Expenses
0

Construction

Slump Block
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Wall Unit(s)
Yes

Main Heating

Electric
Yes
Forced Air
Yes

Terms

Cash
Yes
Conventional
Yes

Property Disclosures

Lead Based Paint
Yes
Listing Office: Long Realty Company
IDX
Last Updated: December - 06 - 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.