1241 W Roger Road, Tucson, AZ 85705 (MLS# 21617350)

$2,700,000

1241 W Roger Road
Tucson, AZ 85705
MLS# 21617350
Status: Closed
43152 sqft

1 / 18

Property Description
Extremely well maintained property with over $100,000 spent in Capital improvements in the last year. Many long term tenants with high senior population. Large units with great unit mix. Features community wi-fi available, self-service laundry, on-site property manager, social events, pet park, library, courtyard, BBQ grill, picnic area and swimming pool.

Details

Maps

Address Information

Street #: 1241

Direction: W

Street Name: Roger

Suffix: Road

State/Province: AZ

Zip Code: 85705

County: Pima

Country: USA

Location, Tax & Legal

Tax Code: 106-06-0120

Tax Year: 2015

Taxes: 27936.07

Legal Description: PTN N200.08′ E701.4′ NW4 NW4 EXC E16′ &

Area: Central

Subdivision: N/A

Township: 13

Range: 13

Section: 26

Municipality/Zoning: Tucson – R3

Fire Protection: Included in Taxes

Community: None

Contract Information

Current Price: $2,700,000

Sold Price: $2,700,000

Listing Date: 2016-06-21

Status: Closed

Co-Op Fee: 2%

Distressed Info: None

Status Change Info

Off Market Date: 2016-08-19

Pending Date: 2016-09-26

Sold Date: 2016-10-27

Sold Price: $2,700,000

Sold Price/SqFt: 62.57

Lot Sz Sold Prc/SqFt: 28.25

How Sold: Conventional

Showing Information

Directions: From Flowing Wells east on Roger Rd to address

General Property Information

Lot Dimensions: 660 X 144 +/-

Lot Acres: 4.16

Lot Sqft: 95564

Lot Size Source: Other

Combined SqFt: 43152

Year Built: 1964

List Price/SqFt: 68.13

Lot Size Price/SqFt: 30.76

Remarks & Misc

Geo Lat: 32.279004

Geo Lon: -110.991908

Unit Info

# of Units/1 BR: 24

Avg Mo Rent/1 BR: 579.17

# of Units/2 BR: 24

Avg Mo Rent/2 BR: 700

# of Units/3 BR: 8

Avg Mo Rent/3 BR: 875

Analysis

Cap Rate %: 8.07

Gross Rent Multi: 6.78

Vacancy Rate %: 13

Exp/SqFt: 4.18

Exp % of Gross: 45.32

Income

Gross Scheduled Rent: 452400

Vacancy Loss: 58812

Other Income: 4800

Adjusted Gross: 398388

Total Expenses: 180543

Net Opp Income: 217845

Expenses

Contract Services: 7946

Insurance: 8501

Maintenance Supplies: 64356

Management: 10006

Taxes/Assessments: 27936

Water/Sewer: 53398

Other Expenses: 8400

Figures Presented: Actual

Water

Water Company: Flowing Wells

Miscellaneous

Master Gas Meter: Yes

Master Water Meter: Yes

Package Available: Yes

Property Features

Construction: Concrete Block

Main Cooling: Central Air; Evaporative Cooling

Main Heating: Forced Air; Natural Gas

Sewer: Connected

Security: None

Neighborhood Features: Gated Community

Terms: Cash

Property Disclosures: Unknown

Listing Office: Long Realty Company

Last Updated: March – 22 – 2022

1241 W Roger Road, Tucson, AZ 85705 - MLS# 21617350

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