1218 E Blacklidge Drive, Tucson, AZ 85719 (MLS# 21825274)

$2,850,000

1218 E Blacklidge Drive
Tucson, AZ 85719
MLS# 21825274
Status: Closed
22217 sqft

1 / 43

Property Description
Brand New Condo community consisting of 13 3-bed/3-bath Units in Central Tucson. Next to The UofA campus and would be perfect for student housing. All units will have granite countertops and stainless steel appliances, covered patios and 2 car garages, Laundry area in each unit. Separately metered utilities. Compare other New construction apartment rents which are selling out at twice as higher rents than on this pro forma. Easy to rent. Student housing rents per bedroom. Please call listing agents to view since under construction. Completion is estimated in FEB. Bring your 1031 exchange. Best opportunity in Tucson for this price. Interior Pictures shown are not of the completed project but are an indication of the finishes. New pictures will be uploaded once complete.

Details

Maps

Address Information

Street #: 1218

Direction: E

Street Name: Blacklidge

Suffix: Drive

State/Province: AZ

Zip Code: 85719

County: Pima

Country: USA

Location, Tax & Legal

Tax Code: 113-08-1060

Tax Year: 2017

Taxes: 3207.62

Taxes For: Only for Land

Legal Description: CATALINA POULTRY ACRES UNIT NO 2 LOT 18

Area: Central

Municipality/Zoning: Tucson – R2

Fire Protection: Included in Taxes

FEMA Flood Zone: No

Municipal Flood Zone: No

Contract Information

Current Price: $2,850,000

Sold Price: $2,850,000

Listing Date: 2018-09-18

Status: Closed

Co-Op Fee: 3%

Short Sale: No

Status Change Info

Off Market Date: 2019-03-29

Pending Date: 2019-05-21

Sold Date: 2019-05-30

Sold Price: $2,850,000

Sold Price/SqFt: 128.28

Lot Sz Sold Prc/SqFt: 77.16

Financing: Conventional

Showing Information

Directions: From Mountain & Glenn, North to Blacklidge, West to address.

General Property Information

Dwelling Type: Apartment

Construction Status: New Construction

# Units: 13

Total Parking: 52

Multi-Tenant: Yes

Year Built: 2018

Lot Dimensions: irregular

Lot Acres: 0.85

Lot Sqft: 36934

Lot Size Source: Assessor

Combined SqFt: 22217

Source of SqFt: Builder

List Price/SqFt: 144.03

Lot Size Price/SqFt: 86.64

Remarks & Misc

Geo Lat: 32.260758

Geo Lon: -110.953139

Income

Gross Scheduled Rent: 327600

Vacancy Loss: 16380

Adjusted Gross: 311220

Net Opp Income: 77036

Analysis

Cap Rate %: 8.08

Vacancy Rate %: 5

Expenses

Figures Presented: Proforma

Insurance: 15000

Management: 26208

Taxes/Assessments: 26000

Unit Information

Other: Student Housing

Apartment Unit Information

# of Units/3 BR: 13

Avg Mo Rent/3 BR: 1950

Electric

Electric Company: TEP

Property Features

Property Features: Interior Steps; Smoke Detector

Construction: Frame – Stucco

Roof: Tile

Fenced Storage: No

Main Cooling: Central Air

Main Heating: Electric; Forced Air

Water Heater: Electric

Gas: None

Sewer: Connected

Accessibility Option: None

Security: None

Fence: Block

Landscape – Front: Low Care

Landscape – Rear: Low Care

Road Type: Paved

Traffic Count: Unknown

Terms: Cash; Conventional

Possession: See Remarks

Listing Office: Keller Williams Southern Arizona

Last Updated: March – 31 – 2022

1218 E Blacklidge Drive, Tucson, AZ 85719 - MLS# 21825274

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