4253 E Flower Street, Tucson, AZ 85712

$1,350,000
Property Type: Commercial Square Footage: 8,375 Lot Size (sq. ft.): 17 Status: Closed
Current Price: $1,350,000 List Date: 11/06/2019 Last Modified: 12/12/2024

Overview

Description

Unique ability to initiate an Opportunity Zone purchase and development on a property that will provide immediate and ongoing cash flow. Currently a 20 unit complex with 5 separate buildings spread over 2 acres of land with the ability with the ability to add 10 more units.

Listing Details MLS# 21928730

Address Information

Street #
4253
Direction
E
Street Name
Flower
Suffix
Street
State/Province
AZ
Zip Code
85712
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
110-07-1590
Area
Central
Tax Year
2018
Taxes
7078.72
Assessments
0
Taxes For
Building & Land
Legal Description
Catalina Farms N 425' Lot 16 EXC 160' & W30 E190' EXC N425'
Municipality/Zoning
Tucson - R2
Fire Protection
None
FEMA Flood Zone
TBD
Municipal Flood Zone
TBD

General Property Information

Property Sub-Type
Apartment
Construction Status
Existing
# Units
20
Total Parking
40
Multi-Tenant
Yes
Year Built
1959
Lot Dimensions
75,459.00F
Lot Acres
1.76
Lot Sqft
75459
Lot Size Source
Assessor
Combined SqFt
8375
Source of SqFt
Assessor
List Price/SqFt
161.19
Lot Size Price/SqFt
17.89

Property Features

Property Features: Smoke Detector Construction: Brick Roof: Built-Up Main Cooling: Wall Unit(s) Main Heating: Other Water Heater: Electric; Natural Gas Gas: Natural Sewer: Connected Water: Public Fence: Chain Link Landscape - Front: Natural Desert Landscape - Rear: Low Care; Trees Road Type: Dirt; Gravel Parking: Private Parking Terms: Submit Property Disclosures: Lead Based Paint

Contract Information

Method of Title
Fee (Simple)
Short Sale
No

Status Change Info

Off Market Date
2020-04-01
Pending Date
2020-05-15
Sold Date
2020-05-15
Sold Price/SqFt
161.19
Lot Sz Sold Prc/SqFt
17.89
Financing
Conventional

More Information

Showing Information

Directions
From Grant Road to Columbus Blvd. N to Flower street W to address. Property on North side of street.

Income

Gross Scheduled Rent
109748
Other Income
5302
Net Opp Income
97800

Expenses

Admin Expenses
1648
Figures Presented
Actual
Gas/Electric
6082
Maintenance Supplies
2938
Taxes/Assessments
7085
Water/Sewer
7993
Contract Services
0

Apartment Unit Information

# of Units/1 BR
20
Avg Mo Rent/1 BR
468

Electric

Electric Company
TEP

Gas

Natural
Yes

Construction

Brick
Yes

Sewer

Connected
Yes

Roof

Built-Up
Yes

Water

Public
Yes

Property Features

Smoke Detector
Yes

Fence

Chain Link
Yes

Road Type

Dirt
Yes
Gravel
Yes

Main Cooling

Wall Unit(s)
Yes

Main Heating

Other
Yes

Water Heater

Electric
Yes
Natural Gas
Yes

Terms

Submit
Yes

Sold Info

Seller Concessions
0

Landscape - Front

Natural Desert
Yes

Landscape - Rear

Low Care
Yes
Trees
Yes

Parking

Private Parking
Yes

Freeway/Highway

2.1 - 5 Mile
Yes

Property Disclosures

Lead Based Paint
Yes
Listing Office: Equilibrium Realty
IDX
Last Updated: December - 12 - 2024
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