1337 E Allen Road, Tucson, AZ 85719 (MLS# 2430596)

$1,505,000

1337 E Allen Road
Tucson, AZ 85719
MLS# 2430596
Status: Closed
26626 sqft

1 / 9

Property Description
MOUNTAIN VIEW APTS:BLDS 1337,1339&1341. VERY ATTRACTIVE APARTMENT COMPLEX LOCATED IN IDEAL AREA FOR UA & BUS LINES. COMPLEX IS SURROUNDED BY NICE QUIET SFR’S NEIGHBORHOODS AND HAS AN OPEN SPACIOUS LANDSCAPED CENTRAL COURTYARD WITH PLAYGROUND AND POOL AREA. MANY OF THE UNITS HAVE BEEN UPDATED. STUDIO IS CURRENTLY BEING USED AS AN OFFICE AND COULD BE RENTED TO GENERATE AN ADDITIONAL $5,000 PER YEAR. 5%ON-SITE MGMT FEE ADDED TO EXPENSE.OWNER MANAGED

Details

Maps

Documents

Address Information

Country: USA

Street #: 1337

Direction: E

Street Name: Allen

Suffix: Road

State/Province: AZ

Zip Code: 85719

County: Pima

Location, Tax & Legal

Tax Year: 2004

Taxes: 10665

Assessments: 0

Legal Description: PTN E164’W328’N640’S660’NW4 NE4 2.10 AC SEC 30-13-14

Township: 13

Community: None

Range: 14

Section: 30

Municipality/Zoning: Tucson – R2

Fire Protection: Included in Taxes

Tax Code: 113-01-055B

Area: Central

Subdivision: Other/Unknown

Status Change Info

Off Market Date: 2005-05-16

Sold Price/SqFt: 56.52

Lot Sz Sold Prc/SqFt: 16.49

How Sold: Cash to Loan

Pending Date: 2005-03-30

Sold Date: 2005-05-16

Sold Price: $1,505,000

Showing Information

Directions: CAMPBELL & PRINCE NORTH TO ALLEN RD-WEST TO MOUNTAIN and Mountain View Apts…[NOTE:SEE MLS#2430608 AND 2430599 FOR MULTIPLE OFFERS]

General Property Information

Lot Dimensions: unknown

Lot Acres: 2.1

Lot Sqft: 91266

Lot Size Source: Assessor

List Price/SqFt: 60.62

Lot Size Price/SqFt: 17.68

Combined SqFt: 26626

Year Built: 1973

Unit Info

# of Units/Studios: 1

# of Units/2 BR: 33

Avg Mo Rent/2 BR: 510

Income

Vacancy Loss: 10098

Other Income: 3000

Adjusted Gross: 194862

Total Expenses: 68202

Gross Scheduled Rent: 201960

Net Opp Income: 126660

Analysis

Gross Rent Multi: 8.28

Vacancy Rate %: 5

Exp/SqFt: 2.56

Exp % of Gross: 35

Cap Rate %: 7.84

Construction

Frame – Stucco: 1

Expenses

Contract Services: 2000

Gas/Electric: 9500

Insurance: 7800

Maintenance Supplies: 9744

Resident Manager: 9743

Taxes/Assessments: 10665

Water/Sewer: 6435

Other Expenses: 12315

Sewer

Connected: 1

Water

Public: 1

Main Cooling

Central Air: 1

Main Heating

Forced Air: 1

Natural Gas: 1

Interior Features

Interior Steps: No

Terms

Conventional: 1

Security

None: 1

Sold Info

Financing: 1

Property Disclosures

Unknown: 1

Miscellaneous

Master Elec Meter: No

Master Gas Meter: No

Master Water Meter: Yes

Package Available: Yes

Contract Information

Current Price: $1,505,000

Sold Price: $1,505,000

Listing Date: 2004-12-10

Status: Closed

Remarks Misc

Geo Lat: 32.276881

Geo Lon: -110.951579

Property Features

Construction: Frame – Stucco

Main Cooling: Central Air

Main Heating: Forced Air; Natural Gas

Sewer: Connected

Water: Public

Security: None

Terms: Conventional

Property Disclosures: Unknown

Sold Info: Financing

Listing Documents

Lead Paint Discl

Listing Office: Long Realty

Last Updated: October – 26 – 2024

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