1440 S Craycroft Road, Tucson, AZ 85711 (MLS# 9602405)

$1,360,600

1440 S Craycroft Road
Tucson, AZ 85711
MLS# 9602405
Status: Closed
28471 sqft

1 / 1

Property Description
Cash,Nconv,Submit. 70 Suites Hotel,Central,Near Dm-afb.Well Maint.9.8%cap,W/Upside Potential.56% Occ Rate/’95.Htd Pool. N.I.C.=all Furnishings In Suite 137+4 Paintin Gs In Lobby+coin Op.Laundry Mach’s.Owner Is Lic. R.E.Agt In Az.

Details

Maps

Address Information

Country: USA

Street #: 1440

Direction: S

Street Name: Craycroft

Suffix: Road

State/Province: AZ

Zip Code: 85711

County: Pima

Location, Tax & Legal

Tax Year: 1995

Taxes: 35880

Assessments: 0

Legal Description: Sec 23 T14 R14 (Long Legal In -lo, Includes 2 Parcels).

Municipality/Zoning: Tucson – B1

Tax Code: 131-01-014H

Area: Central

Status Change Info

Off Market Date: 1996-07-03

Sold Price/SqFt: 47.78

Financing: Cash

Pending Date: 1996-04-11

Sold Date: 1996-07-03

Sold Price: $1,360,600

Showing Information

Directions: S-craycroft Frm 22nd St

General Property Information

# Units: 70

Lot Dimensions: 373X175X373X175

Source of SqFt: Assessor

List Price/SqFt: 52.25

Year Built: 1982

Combined SqFt: 28471

Electric

3 Phase Power: No

Master Meter: No

Income

Other Income: 23211

Adjusted Gross: 772361

Total Expenses: 193382

Gross Scheduled Rent: 749150

Net Opp Income: 578979

Analysis

Gross Rent Multi: 1.92

Exp/SqFt: 6.79

Exp % of Gross: 25.03

Cap Rate %: 38.91

Construction

Frame – Stucco: 1

Expenses

Contract Services: 22063

Gas/Electric: 69305

Insurance: 13722

Maintenance Supplies: 55863

Taxes/Assessments: 32429

Sewer

Connected: 1

Water

Public: 1

Property Features

A.D.A. Compliant: No

Phase 1 Report: No

Main Heating

Wall Furnace: 1

Terms

Owner Carry: 1

Submit: 1

Contract Information

Current Price: $1,360,600

Sold Price: $1,360,600

Listing Date: 1996-02-07

Status: Closed

Remarks Misc

Geo Lat: 32.203182

Geo Lon: -110.875616

Property Features

Construction: Frame – Stucco

Main Heating: Wall Furnace

Sewer: Connected

Water: Public

Terms: Owner Carry; Submit

Listing Office: Coldwell Banker Realty

Last Updated: October – 25 – 2024

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