742 E Lee Street, Tucson, AZ 85719
$2,000,000
Property Type:
Multi-Family
Square Footage:
20,104
Lot Size (sq. ft.):
34
Status:
Closed
Current Price:
$2,000,000
List Date:
3/10/2015
Last Modified:
12/08/2024
Overview
Description
University Manor's 58 units serve the University of Arizona student housing market. 5 blocks from the University. All units refurbished. No differed maintenance. Property has extensive parking, high speed internet and sparkling pool. On site laundry facilities & leasing office.
Listing Details MLS# 21507510
Address Information
- Street #
- 742
- Direction
- E
- Street Name
- Lee
- Suffix
- Street
- State/Province
- AZ
- Zip Code
- 85719
- County
- Pima
- Country
- USA
Location, Tax & Legal
- Tax Code
- 123-15-101A
- Area
- Central
- Subdivision
- University Home Addition
- Tax Year
- 2014
- Taxes
- 20402
- Assessments
- 0
- Legal Description
- University Home Blk 9 Exc W116.7' S157.5' & Spndrl In NW Cor & ExcW182.41
- Township
- 14
- Community
- None
- Range
- 14
- Section
- 6
- Municipality/Zoning
- Tucson - O3
- Fire Protection
- Included in Taxes
General Property Information
- Lot Dimensions
- Irregular
- Lot Acres
- 1.48
- Lot Sqft
- 64585
- Lot Size Source
- Assessor
- Combined SqFt
- 20104
- Year Built
- 1978
- List Price/SqFt
- 109.43
- Lot Size Price/SqFt
- 34.06
Property Features
Construction:
Slump Block
Main Cooling:
Wall Unit(s)
Main Heating:
Electric; Forced Air
Sewer:
Connected
Water:
Public
Security:
None
Terms:
Cash; Conventional
Property Disclosures:
Unknown
Contract Information
- Distressed Info
- None
Status Change Info
- Off Market Date
- 2015-05-13
- Pending Date
- 2015-06-19
- Sold Date
- 2015-07-31
- Sold Price/SqFt
- 99.48
- Lot Sz Sold Prc/SqFt
- 30.97
- How Sold
- Conventional
More Information
Showing Information
- Directions
- North on Euclid from Speedway West on Lee to address
Unit Info
- # of Units/Studios
- 56
- Avg Mo Rent/Studios
- 454
- # of Units/1 BR
- 2
- Avg Mo Rent/1 BR
- 650
- Avg Mo Rent/2 BR
- 0
- Avg Mo Rent/3 BR
- 0
- Avg Mo Rent/Other
- 0
Analysis
- Cap Rate %
- 7.69
- Gross Rent Multi
- 6.41
- Vacancy Rate %
- 10
- Exp/SqFt
- 7.88
- Exp % of Gross
- 50.73
Income
- Gross Scheduled Rent
- 317436
- Vacancy Loss
- 31744
- Other Income
- 26380
- Adjusted Gross
- 312072
- Total Expenses
- 158323
- Net Opp Income
- 153749
Expenses
- Admin Expenses
- 2399
- Contract Services
- 2135
- Insurance
- 9000
- Maintenance Supplies
- 21985
- Management
- 13827
- Resident Manager
- 42126
- Taxes/Assessments
- 20402
- Water/Sewer
- 46449
- Figures Presented
- Proforma
- Capital Expenses
- 0
- Gas/Electric
- 0
- Other Expenses
- 0
Interior Features
- Interior Steps
- No
Miscellaneous
- Master Elec Meter
- No
- Master Gas Meter
- No
- Master Water Meter
- Yes
- Package Available
- Yes
Construction
- Slump Block
- Yes
Sewer
- Connected
- Yes
Water
- Public
- Yes
Main Cooling
- Wall Unit(s)
- Yes
Main Heating
- Electric
- Yes
- Forced Air
- Yes
Terms
- Cash
- Yes
- Conventional
- Yes
Security
- None
- Yes
Property Disclosures
- Unknown
- Yes
Documents
Flyer ›
Listing Office:
Long Realty Company
Last Updated: December - 08 - 2024
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