2114 N Forgeus Avenue, Tucson, AZ 85716 (MLS# 2430872)

$1,150,000

2114 N Forgeus Avenue
Tucson, AZ 85716
MLS# 2430872
Status: Closed
14592 sqft

1 / 11

Property Description
TERRIFIC CENTRAL LOCATION-CLOSE TO U OF A & BUS LINES-CASITA-LIKE COMPLEX-18- 2 BEDROOMS UNITS 4-1 BEDROOM UNITS, LOTS OF PARKING- NICE CURB APPEAL. INCLUDES EMPTY LOT (CAN BUILD ON IT) EXPENSES ARE ACTUAL.

Details

Maps

Documents

Address Information

Country: USA

Street #: 2114

Direction: N

Street Name: Forgeus

Suffix: Avenue

State/Province: AZ

Zip Code: 85716

County: Pima

Location, Tax & Legal

Tax Year: 2003

Taxes: 8156

Assessments: 0

Legal Description: NEW DEAL ACRES LOT 7 & LOT 8 BLOCK 6

Township: 14

Community: None

Range: 14

Section: 5

Municipality/Zoning: Tucson – R1

Fire Protection: Included in Taxes

Tax Code: 123-02-1140

Area: Central

Subdivision: New Deal Acres

Status Change Info

Off Market Date: 2005-07-29

Sold Price/SqFt: 78.81

Lot Sz Sold Prc/SqFt: 16.7

How Sold: Conventional

Pending Date: 2005-04-14

Sold Date: 2005-07-29

Sold Price: $1,150,000

Showing Information

Directions: FROM TUCSON & GRANT, EAST TO FORGEUS, SOUTH TO ADDRESS.

General Property Information

Lot Dimensions: 230X300

Lot Acres: 1.58

Lot Sqft: 68825

Lot Size Source: Assessor

List Price/SqFt: 85.66

Lot Size Price/SqFt: 18.16

Combined SqFt: 14592

Year Built: 1948

Unit Info

# of Units/1 BR: 4

Avg Mo Rent/1 BR: 440

# of Units/2 BR: 18

Avg Mo Rent/2 BR: 525

Income

Vacancy Loss: 6650

Other Income: 6027

Adjusted Gross: 132877

Total Expenses: 37722

Gross Scheduled Rent: 133500

Net Opp Income: 95155

Analysis

Gross Rent Multi: 9.4

Vacancy Rate %: 4.98

Exp/SqFt: 2.58

Exp % of Gross: 28.38

Cap Rate %: 7.61

Construction

Brick: 1

Expenses

Admin Expenses: 248

Gas/Electric: 5980

Insurance: 6932

Maintenance Supplies: 7838

Taxes/Assessments: 8156

Water/Sewer: 3984

Other Expenses: 4584

Sewer

Connected: 1

Water

Public: 1

Main Cooling

Central Air: 1

Evaporative Cooling: 1

Main Heating

Wall Furnace: 1

Interior Features

Interior Steps: Yes

Terms

Conventional: 1

Security

None: 1

Sold Info

Financing: 1

Property Disclosures

Military Airport Vct: 1

Miscellaneous

Master Elec Meter: No

Master Gas Meter: No

Master Water Meter: Yes

Package Available: Yes

Contract Information

Current Price: $1,150,000

Sold Price: $1,150,000

Listing Date: 2004-12-12

Status: Closed

Remarks Misc

Geo Lat: 32.247424

Geo Lon: -110.932659

Property Features

Construction: Brick

Main Cooling: Central Air; Evaporative Cooling

Main Heating: Wall Furnace

Sewer: Connected

Water: Public

Security: None

Terms: Conventional

Property Disclosures: Military Airport Vct

Sold Info: Financing

Listing Documents

Lead Paint Discl

Listing Office: Rich Realty, Inc.

Last Updated: October – 26 – 2024

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