4399 E Pima Street, Tucson, AZ 85712

$1,250,200
Property Type: Multi-Family Square Footage: 65,544 Status: Closed
Current Price: $1,250,200 List Date: 1/21/1998 Last Modified: 10/26/2024

Overview

Description

* + 122060500 ** Of L7 & Less Sts Bl4. Turn This Property Around Needs Tlc Great Location 48 - 1 Br, 700 Sf, 24 - 2 Br, 1 Ba 900 Sf ($395/Mo) 8 - 2br 2 Ba (1,000 Sf) 2 Pools $17,187/Unit $20.98/Sf 4 X Gross 9.6% Cap Rate, New Roofs '92 & '93. Owner Carry 2nd @ 10% 30 Yr. Amort Negotiate Balloon.

Listing Details MLS# 9801555

Address Information

Street #
4399
Direction
E
Street Name
Pima
Suffix
Street
State/Province
AZ
Zip Code
85712
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
122-06-0490*
Area
Central
Subdivision
Sierra Vista
Tax Year
1997
Taxes
16557
Assessments
0
Legal Description
Sierra Vista W150' Of The E330' Of Lot 7, Exc N30'+s25' Therof Blk 4 180'**
Township
14
Community
None
Range
14
Section
3
Municipality/Zoning
Tucson - R3
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
300 X 270
Combined SqFt
65544
Year Built
1963
List Price/SqFt
20.98

Property Features

Construction: Concrete Block Main Cooling: Central Air Main Heating: Forced Air; Natural Gas Sewer: Connected Water: Public Security: None Terms: Cash; Owner Carry Property Disclosures: Unknown Sold Info: Financing

Status Change Info

Off Market Date
1998-07-09
Pending Date
1998-03-19
Sold Date
1998-07-09
Sold Price/SqFt
19.07
How Sold
Cash Owner Carryback

More Information

Showing Information

Directions
E - Of Columbus On Pima

Unit Info

# of Units/1 BR
48
Avg Mo Rent/1 BR
320
# of Units/2 BR
32
Avg Mo Rent/2 BR
409

Analysis

Cap Rate %
7.86
Gross Rent Multi
4.7
Vacancy Rate %
15
Exp/SqFt
2.81
Exp % of Gross
63.04

Income

Gross Scheduled Rent
344160
Vacancy Loss
51624
Adjusted Gross
292536
Total Expenses
184437
Net Opp Income
108099

Expenses

Admin Expenses
1500
Capital Expenses
20000
Contract Services
10350
Gas/Electric
29300
Insurance
5502
Maintenance Supplies
44000
Management
14688
Resident Manager
19740
Taxes/Assessments
16557
Water/Sewer
22800
Figures Presented
Actual

Interior Features

Interior Steps
Yes

Sold Info

Selling Comments
$1,015,000 Cash To S
Financing
Yes

Miscellaneous

Master Elec Meter
No
Master Gas Meter
No
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

Cash
Yes
Owner Carry
Yes

Security

None
Yes

Property Disclosures

Unknown
Yes
Listing Office: Long Realty
IDX
Last Updated: October - 26 - 2024
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