851 W Ajo Highway, Tucson, AZ 85713

$1,040,000
Property Type: Multi-Family Square Footage: 28,334 Status: Closed
Current Price: $1,040,000 List Date: 5/10/2000 Last Modified: 10/25/2024

Overview

Description

Good Condition New Exterior Paint & Landscaping, Pool & Spa. Great Visibility On Ajo Rd.Lots Of Traffic. Zoning Is B1.

Listing Details MLS# 2009063

Address Information

Street #
851
Direction
W
Street Name
Ajo
Suffix
Highway
State/Province
AZ
Zip Code
85713
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
120-03-1370
Area
South
Subdivision
La Mar City Acres NO. 2
Tax Year
1999
Taxes
13112
Assessments
0
Legal Description
La Mar City Acres No. 2 Lots 1-4 & Part Of Lots 5-8 Blk 1
Township
14
Community
None
Range
13
Section
35
Municipality/Zoning
Tucson - B1
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
420X135X420
Combined SqFt
28334
Year Built
1983
List Price/SqFt
40.94

Property Features

Construction: Frame - Stucco Main Cooling: Central Air; Evaporative Cooling; Wall Unit(s) Main Heating: Electric; Forced Air Sewer: Connected Water: Public Security: None Terms: Cash; Exchange; Submit Property Disclosures: Unknown Sold Info: Financing

Status Change Info

Off Market Date
2000-09-28
Pending Date
2000-09-28
Sold Date
2000-09-28
Sold Price/SqFt
36.7
How Sold
Cash to Loan

More Information

Showing Information

Directions
South On I-19 Turn East On Ajo, Turn South On 16th Ave. Apts. On The S.E. Corner Of I-19 & Ajo

Unit Info

# of Units/Studios
12
Avg Mo Rent/Studios
295
# of Units/1 BR
24
Avg Mo Rent/1 BR
335
# of Units/2 BR
19
Avg Mo Rent/2 BR
410

Analysis

Cap Rate %
12.03
Gross Rent Multi
4.91
Vacancy Rate %
4
Exp/SqFt
3.4
Exp % of Gross
40.8

Income

Gross Scheduled Rent
233520
Vacancy Loss
9341
Other Income
11679
Adjusted Gross
235858
Total Expenses
96215
Net Opp Income
139643

Expenses

Admin Expenses
7781
Contract Services
11329
Gas/Electric
7467
Insurance
4536
Maintenance Supplies
14800
Management
11793
Resident Manager
14000
Taxes/Assessments
13112
Water/Sewer
11397
Figures Presented
Actual

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

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

Main Heating

Electric
Yes
Forced Air
Yes

Terms

Cash
Yes
Exchange
Yes
Submit
Yes

Security

None
Yes

Sold Info

Financing
Yes

Property Disclosures

Unknown
Yes
Listing Office: Whirlygig Properties, LLC
IDX
Last Updated: October - 25 - 2024
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