3730 E Lee Street, Tucson, AZ 85716

$835,000
Property Type: Multi-Family Square Footage: 381 Lot Size (sq. ft.): 11 Status: Closed
Current Price: $835,000 List Date: 9/10/2008 Last Modified: 11/27/2024

Overview

Description

Do not disturb tenant/Call listing agent for showing/additional info. 16 park owned units, 16 space only rentals, and 18,000 sf of extra land not used by MHP with development potential. On-site laundry. Master metered gas/electric/water. NOI is pro forma. Seller will carry financing with a minimum 20% downpayment at market interest rate. Submit all offers. On-site manager lives rent free. Must escrow with Paula Trimmer, Title Security.

Listing Details MLS# 20830766

Address Information

Street #
3730
Direction
E
Street Name
Lee
Suffix
Street
State/Province
AZ
Zip Code
85716
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
122-18-114A
Area
Central
Subdivision
Speedway Park Addition
Tax Year
2007
Taxes
6486
Assessments
0
Legal Description
Lot 2 and 3 and N 1/2 of Lot 9, Block 7 and N 150' of Lot 8, Block 7, Speedway Park Addition
Township
14
Community
None
Range
14
Section
4
Municipality/Zoning
Tucson - R2
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
240 x 450
Lot Acres
2.47
Lot Sqft
107610
Lot Size Source
Assessor
Combined SqFt
381
Year Built
1950
List Price/SqFt
3149.61
Lot Size Price/SqFt
11.15

Property Features

Construction: Brick Main Heating: None Sewer: Connected Water: Public Security: None Terms: Cash; Owner Carry; Submit Property Disclosures: Lead Based Paint; Unknown Sold Info: Financing

Status Change Info

Off Market Date
2009-04-01
Pending Date
2009-03-31
Sold Date
2009-04-01
Sold Price/SqFt
2191.6
Lot Sz Sold Prc/SqFt
7.75
How Sold
Cash Owner Carryback

More Information

Showing Information

Directions
Alvernon north from Speedway, west on Lee Street to address

Unit Info

# of Units/1 BR
9
Avg Mo Rent/1 BR
463
# of Units/2 BR
7
Avg Mo Rent/2 BR
578
# of Units/Other
16
Avg Mo Rent/Other
214

Analysis

Cap Rate %
6.79
Gross Rent Multi
6.98
Vacancy Rate %
5
Exp/SqFt
236.56
Exp % of Gross
52.49

Income

Gross Scheduled Rent
139740
Vacancy Loss
6987
Other Income
38950
Adjusted Gross
171703
Total Expenses
90130
Net Opp Income
81573

Expenses

Admin Expenses
2500
Capital Expenses
1600
Contract Services
631
Gas/Electric
28909
Insurance
4348
Maintenance Supplies
20000
Management
10620
Resident Manager
3000
Taxes/Assessments
7431
Water/Sewer
8591
Other Expenses
2500

Interior Features

Interior Steps
No

Sold Info

Down Payment
200000
Est. Closing Date
2009-04-01
Financing
Yes

Miscellaneous

Master Elec Meter
Yes
Master Gas Meter
Yes
Master Water Meter
Yes
Package Available
Yes

Construction

Brick
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Heating

None
Yes

Terms

Cash
Yes
Owner Carry
Yes
Submit
Yes

Security

None
Yes

Property Disclosures

Lead Based Paint
Yes
Unknown
Yes

Documents

IDX
Listing Office: DBC Real Estate Group, LLC
Last Updated: November - 27 - 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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