5121-5171 E 29Th Street, Tucson, AZ 85711

$5,765,000
Property Type: Multi-Family Square Footage: 83,348 Lot Size (sq. ft.): 31 Status: Closed
Current Price: $5,765,000 List Date: 3/17/2017 Last Modified: 12/09/2024

Overview

Description

This includes two properties Rosemont Gardens 5121 E 29th and Casa de Oro 5271 E 29th. These operate at a constant 90% plus occupancy. Rosemont Gardens is security fenced. Community amenities include Pool, Spa, Playground, BBQ, Basketball Ct, and laundry room. 2-tax codes 131-03-22A and B.

Listing Details MLS# 21707431

Address Information

Street #
5121-5171
Direction
E
Street Name
29Th
Suffix
Street
State/Province
AZ
Zip Code
85711
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
131-03-222A
Area
Central
Subdivision
Mayfair Terrace
Comparable Only Listing
No
Tax Year
2016
Taxes
58845
Assessments
0
Taxes For
Dwelling & Land
Legal Description
Mayfair Terrace NO 2E313.83' M/L W839.55' Lot A &
Township
14
Community
None
Range
14
Section
23
Municipality/Zoning
Tucson - 03
Fire Protection
None
FEMA Flood Zone
No
Municipal Flood Zone
No

General Property Information

Attached/Detached
Detached
Construction Status
Existing
Lot Dimensions
irregular
Lot Acres
4.37
Lot Sqft
190356
Lot Size Source
Assessor
Combined SqFt
83348
Year Built
1978
School District
TUSD
Elementary School
Myers/Ganoung
High School
Rincon
Horse Property
No
Horse Facilities
No
List Price/SqFt
71.99
Lot Size Price/SqFt
31.52
Total Parking
0

Property Features

Construction: Frame - Stucco Roof: Membrane Living Areas: None Dining Areas: Breakfast Nook Dining Room: None Breakfast: None Kitchen Features: Double Sink Bathroom Features: Shower & Tub/Hall Laundry: Facility Extra Room: None Interior Features: Smoke Detector Floor Covering: Carpet Window Covering: Some Technology: Cable TV; High Speed Internet; Telephone Main Cooling: Central Air; Evaporative Cooling; Wall Unit(s) Main Heating: Wall Furnace Water Heater: Electric Gas: None Sewer: Connected Water: Public Accessibility Option: None Security: None Pool: Community Spa: None Fence: Chain Link Landscape - Front: Low Care Landscape - Rear: Low Care View: Mountain(s) Road Type: Paved Driveway: None Exterior Feature: Barbecue; Courtyard Lot Features: Adjacent to Alley Neighborhood Features: Gated Community Assoc Amenities: None Terms: Cash; Conventional Submit With Offer: Proof of Funds Property Disclosures: Unknown Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Distressed Info
None

Status Change Info

Off Market Date
2017-07-10
Pending Date
2017-07-10
Sold Date
2017-09-27
Sold Price/SqFt
69.17
Lot Sz Sold Prc/SqFt
30.29
How Sold
Conventional

More Information

Showing Information

Directions
Between Swan and Craycroft on 29th St

Unit Info

# of Units/1 BR
104
Avg Mo Rent/1 BR
450
# of Units/2 BR
48
Avg Mo Rent/2 BR
550
Avg Mo Rent/Studios
0
Avg Mo Rent/3 BR
0
Avg Mo Rent/Other
0

Unit 1 Information

Occupancy
Yes
Stories
Two
Floor
1st
Furnished
No
Parking
On Property

Analysis

Cap Rate %
8.27
Gross Rent Multi
6.15
Vacancy Rate %
3
Exp/SqFt
5.53
Exp % of Gross
49.13

Income

Gross Scheduled Rent
881280
Vacancy Loss
26438
Other Income
82518
Adjusted Gross
937360
Total Expenses
460545
Net Opp Income
476815

Expenses

Admin Expenses
10400
Contract Services
5086
Insurance
30400
Maintenance Supplies
69347
Management
116784
Taxes/Assessments
58845
Water/Sewer
169349
Other Expenses
334
Figures Presented
Proforma
Capital Expenses
0
Gas/Electric
0
Resident Manager
0

Style

Other
Apt Complex

Floor Covering

Other
laminate
Carpet
Yes

Electric

Electric Company
TEP

Utilities Paid

Cable TV
Tenant
Electric
Tenant
Gas
Tenant
Insurance
Owner
Landscaping
Owner
Pool/Spa Maintenance
Owner
Sewer
Owner
Taxes
Owner
Trash
Owner
Water
Tenant

RV Parking

Other
none

Subdivision Restrict

Age Restrictions
No
Deed Restrictions
No
CC&Rs
No

Home Protection

Offered
No

Miscellaneous

Master Water Meter
Yes
Package Available
Yes

Gas

None
Yes

Construction

Frame - Stucco
Yes

Sewer

Connected
Yes

Roof

Membrane
Yes

Water

Public
Yes

Living Areas

None
Yes

Dining Areas

Breakfast Nook
Yes

Fence

Chain Link
Yes

Dining Room

None
Yes

View

Mountain(s)
Yes

Breakfast

None
Yes

Road Type

Paved
Yes

Kitchen Features

Double Sink
Yes

Road Maintenance

City
Yes

Lot Features

Adjacent to Alley
Yes

Main Cooling

Central Air
Yes
Evaporative Cooling
Yes
Wall Unit(s)
Yes

Laundry

Facility
Yes

Neighborhood Features

Gated Community
Yes

Main Heating

Wall Furnace
Yes

Extra Room

None
Yes

Water Heater

Electric
Yes

Association & Fees

HOA
No

Interior Features

Smoke Detector
Yes

Bathroom Features

Shower & Tub/Hall
Yes

Terms

Cash
Yes
Conventional
Yes

Submit With Offer

Proof of Funds
Yes

Window Covering

Some
Yes

Accessibility Option

None
Yes

Technology

Cable TV
Yes
High Speed Internet
Yes
Telephone
Yes

Security

None
Yes

Sold Info

Seller Concessions
0

Landscape - Front

Low Care
Yes

Landscape - Rear

Low Care
Yes

Patio/Deck

Patio
Yes

Pool

Community
Yes

Property Disclosures

Unknown
Yes

Spa

None
Yes

Special Conditions

None
Yes

Driveway

None
Yes

Exterior Feature

Barbecue
Yes
Courtyard
Yes

Assoc Amenities

None
Yes
Listing Office: Long Realty Company
IDX
Last Updated: December - 09 - 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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