1503 S Woodland Avenue, Tucson, AZ 85711 (MLS# 2601900)

$1,075,000

1503 S Woodland Avenue
Tucson, AZ 85711
MLS# 2601900
Status: Closed
14362 sqft

1 / 1

Property Description
Great apartment priced to sell!!! Property offers court yard setting with pool, security fencing, onsite laundry with six new machines that convey to buyer, large parking lot. Property has been well maintained considering its age. located in a strong rental market, low vacancy. Rents shown are actual and are low for the area, room to raise.

Details

Maps

Address Information

Country: USA

Street #: 1503

Direction: S

Street Name: Woodland

Suffix: Avenue

State/Province: AZ

Zip Code: 85711

County: Pima

Location, Tax & Legal

Tax Year: 5

Taxes: 7907

Assessments: 0

Legal Description: supplied in escrow

Township: 14

Community: None

Range: 14

Section: 23

Municipality/Zoning: Tucson – R3

Fire Protection: Included in Taxes

Tax Code: 131-02-157B

Area: Central

Subdivision: Craycroft Terrace

Status Change Info

Off Market Date: 2006-05-19

Sold Price/SqFt: 74.85

Lot Sz Sold Prc/SqFt: 30.52

How Sold: Cash

Pending Date: 2006-03-13

Sold Date: 2006-05-19

Sold Price: $1,075,000

Showing Information

Directions: craycroft to 26th go west to property

General Property Information

Lot Dimensions: 110X310

Lot Acres: 0.81

Lot Sqft: 35218

Lot Size Source: Assessor

List Price/SqFt: 83.55

Lot Size Price/SqFt: 34.07

Combined SqFt: 14362

Year Built: 1980

Unit Info

# of Units/Studios: 8

Avg Mo Rent/Studios: 265

# of Units/1 BR: 12

Avg Mo Rent/1 BR: 325

# of Units/2 BR: 8

Avg Mo Rent/2 BR: 400

Income

Vacancy Loss: 6000

Other Income: 3600

Adjusted Gross: 108240

Total Expenses: 36085

Gross Scheduled Rent: 110640

Net Opp Income: 72155

Analysis

Gross Rent Multi: 11.08

Vacancy Rate %: 5.42

Exp/SqFt: 2.51

Exp % of Gross: 33.33

Cap Rate %: 6.01

Construction

Frame – Stucco: 1

Expenses

Gas/Electric: 5100

Insurance: 4200

Maintenance Supplies: 6200

Management: 6278

Taxes/Assessments: 7907

Water/Sewer: 6400

Sewer

Connected: 1

Water

Public: 1

Main Cooling

Central Air: 1

Evaporative Cooling: 1

Main Heating

Baseboard: 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: No

Contract Information

Current Price: $1,075,000

Sold Price: $1,075,000

Listing Date: 2006-01-12

Status: Closed

Remarks Misc

Geo Lat: 32.203003

Geo Lon: -110.87615

Property Features

Construction: Frame – Stucco

Main Cooling: Central Air; Evaporative Cooling

Main Heating: Baseboard

Sewer: Connected

Water: Public

Security: None

Terms: Conventional

Property Disclosures: Unknown

Sold Info: Financing

Listing Office: S.J. Fowler/GMAC Real Estate

Last Updated: October – 26 – 2024

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