41 W Delano Street, Tucson, AZ 85705

$1,200,000
Property Type: Multi-Family Square Footage: 2,988 Lot Size (sq. ft.): 23 Status: Closed
Current Price: $1,200,000 List Date: 12/08/2010 Last Modified: 12/06/2024

Overview

Description

One owner, carefully maintained, operated and managed for 25 years. Located in the heart of the city,mid-way between downtown and Tucson Mall, with easy access to all employment centers and shopping, and frequent bus service.

Listing Details MLS# 21040529

Address Information

Street #
41
Direction
W
Street Name
Delano
Suffix
Street
State/Province
AZ
Zip Code
85705
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
107-11-177A
Area
Central
Subdivision
Coronado Heights
Tax Year
2010
Taxes
2553.63
Assessments
0
Legal Description
Coronado Heights, W61.06' of E211.06' of Lot 1 & Lot 4, AND W89.1' of Lot 1 & Lot 4, AND E70.08' of Lot 2 & 3, Blk 11.
Township
13
Community
None
Range
13
Section
36
Municipality/Zoning
Tucson - R3
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
210.23 X 240
Lot Acres
1.22
Lot Sqft
53143
Lot Size Source
Assessor
Combined SqFt
2988
Year Built
1958
List Price/SqFt
421.69
Lot Size Price/SqFt
23.71

Property Features

Sewer: Connected Water: Public Security: None Terms: Cash; Conventional; Owner Carry; Submit Property Disclosures: Unknown

Contract Information

Distressed Info
None

Status Change Info

Off Market Date
2011-07-16
Pending Date
2011-08-08
Sold Date
2011-08-09
Sold Price/SqFt
401.61
Lot Sz Sold Prc/SqFt
22.58
How Sold
Cash Owner Carryback

More Information

Showing Information

Directions
Stone/Ft Lowell--S 1 block to Delano, then W to 41 and 51 W Delano. Circular drive thru property.

Unit Info

# of Units/Studios
8
Avg Mo Rent/Studios
333.38
# of Units/1 BR
8
Avg Mo Rent/1 BR
450
# of Units/2 BR
8
Avg Mo Rent/2 BR
608.38
# of Units/Other
5
Avg Mo Rent/Other
597
Avg Mo Rent/3 BR
0

Analysis

Cap Rate %
8.13
Gross Rent Multi
7.95
Vacancy Rate %
8.14
Exp/SqFt
18.76
Exp % of Gross
35.36

Income

Gross Scheduled Rent
169428
Vacancy Loss
13785
Other Income
2880
Adjusted Gross
158523
Total Expenses
56054
Net Opp Income
102469

Expenses

Admin Expenses
4704
Capital Expenses
5800
Gas/Electric
13416
Insurance
5127
Maintenance Supplies
8614
Management
7840
Taxes/Assessments
9208
Other Expenses
1345
Figures Presented
Actual
Contract Services
0
Resident Manager
0
Water/Sewer
0

Interior Features

Interior Steps
No

Sold Info

Down Payment
240000

Miscellaneous

Master Elec Meter
No
Master Gas Meter
No
Master Water Meter
Yes

Sewer

Connected
Yes

Water

Public
Yes

Terms

Cash
Yes
Conventional
Yes
Owner Carry
Yes
Submit
Yes

Security

None
Yes

Property Disclosures

Unknown
Yes
IDX
Listing Office: Keller Williams Southern Arizona
Last Updated: December - 06 - 2024
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