8477 E Broadway, Tucson, AZ 85710

$1,100,000
Property Type: Multi-Family Square Footage: 20,064 Lot Size (sq. ft.): 20 Status: Closed
Current Price: $1,100,000 List Date: 10/29/2002 Last Modified: 10/25/2024

Overview

Description

Prime quiet eastside apt complex. Well maintained with excellent occupancy rates. Individually metered for heating and cooling.Property sits 300' back from Broadway and is just east of DM Credit Union. New financing required.One owner licensed. Do not disturb on-site mgr. Make offer subject to inspection.

Listing Details MLS# 2223015

Address Information

Street #
8477
Direction
E
Street Name
Broadway
State/Province
AZ
Zip Code
85710
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
133-29-011R
Area
East
Subdivision
Unsubdivided
Tax Year
2001
Taxes
12159
Assessments
0
Legal Description
Long legal in listing office.
Township
14
Community
None
Range
15
Section
9
Municipality/Zoning
Tucson - C1
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
290 x 200
Lot Acres
1.33
Lot Sqft
58000
Combined SqFt
20064
Year Built
1981
List Price/SqFt
59.56
Lot Size Price/SqFt
20.6

Property Features

Construction: Frame - Stucco Main Cooling: Wall Unit(s) Main Heating: Wall Furnace Sewer: Connected Water: Public Security: None Terms: Cash; Conventional Property Disclosures: Unknown Sold Info: Financing

Status Change Info

Off Market Date
2004-02-11
Pending Date
2003-01-07
Sold Date
2004-02-11
Sold Price/SqFt
54.82
Lot Sz Sold Prc/SqFt
18.96
How Sold
Conventional

More Information

Showing Information

Directions
East on Broadway from Pantano, past Sarnoff to 8477 - on north side of Broadway

Unit Info

# of Units/1 BR
48
Avg Mo Rent/1 BR
304
# of Units/2 BR
Yes
Avg Mo Rent/2 BR
450

Analysis

Cap Rate %
8.89
Gross Rent Multi
7.09
Vacancy Rate %
8
Exp/SqFt
3.1
Exp % of Gross
36.86

Income

Gross Scheduled Rent
180504
Vacancy Loss
14440
Other Income
2400
Adjusted Gross
168464
Total Expenses
62110
Net Opp Income
106354

Expenses

Gas/Electric
6355
Insurance
2260
Maintenance Supplies
19600
Resident Manager
13800
Taxes/Assessments
12159
Water/Sewer
4736
Other Expenses
3200

Interior Features

Interior Steps
No

Miscellaneous

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

Construction

Frame - Stucco
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Wall Unit(s)
Yes

Main Heating

Wall Furnace
Yes

Terms

Cash
Yes
Conventional
Yes

Security

None
Yes

Sold Info

Financing
Yes

Property Disclosures

Unknown
Yes
Listing Office: REALCO
IDX
Last Updated: October - 25 - 2024
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