3737 E Bellevue Street, Tucson, AZ 85716

$1,525,000
Property Type: Multi-Family Square Footage: 26,820 Lot Size (sq. ft.): 22 Status: Closed
Current Price: $1,525,000 List Date: 12/02/2004 Last Modified: 10/26/2024

Overview

Description

BELLEVUE WINSTEL APTS *DRIVE BY ONLY- DO NOT CONTACT MGR OR TENANTS* 9.2% RETURN - 7.2 X GROSS 7.23 CAP - SOLID MASONRY & STEEL CONST GREAT CENTRAL AREA - CONTACT BROKER FOR ADDITIONAL INFO.

Listing Details MLS# 2421432

Address Information

Street #
3737
Direction
E
Street Name
Bellevue
Suffix
Street
State/Province
AZ
Zip Code
85716
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
122-18-208A
Area
Central
Subdivision
Speedway Park
Tax Year
2003
Taxes
15490
Assessments
0
Legal Description
SPEEDWAY PARK LOTS 9 & 10 BLOCK 10 EXC SPDRL IN SE CORNER
Township
14
Community
None
Range
14
Section
4
Municipality/Zoning
Tucson - R2
Fire Protection
Included in Taxes

General Property Information

Lot Acres
1.65
Lot Sqft
71866
Lot Size Source
Assessor
Combined SqFt
26820
Year Built
1975
List Price/SqFt
59.66
Lot Size Price/SqFt
22.26
Lot Dimensions
No

Property Features

Construction: Concrete Block Main Cooling: Central Air Main Heating: Forced Air; Natural Gas Sewer: Connected Water: Public Security: None Terms: Conventional Property Disclosures: Lead Based Paint Sold Info: Financing

Status Change Info

Off Market Date
2005-02-28
Pending Date
2004-12-02
Sold Date
2005-02-28
Sold Price/SqFt
56.86
Lot Sz Sold Prc/SqFt
21.22
How Sold
Conventional

More Information

Showing Information

Directions
SPEEDWAY & ALVERNON N TO BELLEVUE W TO ADDRESS

Unit Info

# of Units/1 BR
16
Avg Mo Rent/1 BR
441
# of Units/2 BR
24
Avg Mo Rent/2 BR
516

Analysis

Cap Rate %
7.22
Gross Rent Multi
7.19
Vacancy Rate %
8
Exp/SqFt
3.97
Exp % of Gross
47.97

Income

Gross Scheduled Rent
233400
Vacancy Loss
18672
Other Income
7571
Adjusted Gross
222299
Total Expenses
106637
Net Opp Income
115662

Expenses

Admin Expenses
3141
Gas/Electric
16322
Insurance
6240
Maintenance Supplies
21841
Management
13358
Resident Manager
18747
Taxes/Assessments
15490
Water/Sewer
11498

Interior Features

Interior Steps
No

Miscellaneous

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

Construction

Concrete Block
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Central Air
Yes

Main Heating

Forced Air
Yes
Natural Gas
Yes

Terms

Conventional
Yes

Security

None
Yes

Sold Info

Financing
Yes

Property Disclosures

Lead Based Paint
Yes
Listing Office: RE/MAX Catalina Foothills
IDX
Last Updated: October - 26 - 2024
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