5540 E 26th Street, Tucson, AZ 85711

$1,263,000
Property Type: Multi-Family Square Footage: 24,779 Status: Closed
Current Price: $1,263,000 List Date: 8/27/2003 Last Modified: 10/25/2024

Overview

Description

GREAT CASH FLOW POTENTIAL. CLEAN,EASY TO MANAGE UNITS. OWNER COLLECTS MONTHLY WATER BILLS FROM EACH UNIT. OWNER HAS REPLACED POOL PUMP,MOST REFRIDGE W/FROST FREE,STOVES & RECOATED ROOF IN 2002. EXPENSES LOW,CASH FLOW HIGH.

Listing Details MLS# 2320697

Address Information

Street #
5540
Direction
E
Street Name
26th
Suffix
Street
State/Province
AZ
Zip Code
85711
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
131-09-2140
Area
Central
Subdivision
Craycroft
Tax Year
2002
Taxes
9746
Assessments
0
Legal Description
CRAYCROFT LOTS 1 & 2 BLOCK 10.
Township
14
Community
None
Range
14
Section
24
Municipality/Zoning
Tucson - R3
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
00
Lot Size Source
Assessor
Combined SqFt
24779
Year Built
1951
List Price/SqFt
52.46

Property Features

Construction: Slump Block Main Heating: Forced Air; Natural Gas Sewer: Connected Water: Public Security: None Terms: Cash; Submit Property Disclosures: Unknown Sold Info: Financing

Status Change Info

Off Market Date
2004-06-25
Pending Date
2004-06-18
Sold Date
2004-06-25
Sold Price/SqFt
50.97
How Sold
Conventional

More Information

Showing Information

Directions
CRAYCROFT,E-26TH ST TO ADDRESS.

Unit Info

# of Units/Studios
24
Avg Mo Rent/Studios
310
# of Units/1 BR
24
Avg Mo Rent/1 BR
360
# of Units/2 BR
4
Avg Mo Rent/2 BR
500
# of Units/3 BR
Yes
Avg Mo Rent/3 BR
700

Analysis

Cap Rate %
14.67
Gross Rent Multi
5.93
Vacancy Rate %
5
Exp/SqFt
1.13
Exp % of Gross
12.84

Income

Gross Scheduled Rent
225360
Vacancy Loss
11268
Other Income
4800
Adjusted Gross
218892
Total Expenses
28109
Net Opp Income
190783

Expenses

Gas/Electric
3000
Insurance
3800
Maintenance Supplies
5000
Resident Manager
1200
Taxes/Assessments
9746
Water/Sewer
5363

Interior Features

Interior Steps
No

Miscellaneous

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

Construction

Slump Block
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Heating

Forced Air
Yes
Natural Gas
Yes

Terms

Cash
Yes
Submit
Yes

Security

None
Yes

Sold Info

Financing
Yes

Property Disclosures

Unknown
Yes

Documents

Listing Office: Long Realty
IDX
Last Updated: October - 25 - 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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