2333 E Glenn, Tucson, AZ 85719 (MLS# 21409516)

$1,850,000

2333 E Glenn
Tucson, AZ 85719
MLS# 21409516
Status: Closed
32673 sqft

1 / 3

Property Description
47 UNITS ON THE CAMPBELL CORRIDOR
LESS THAN A MILE FROM THE U OF A MEDICAL CAMPUS
UNIT MIX 12 1 BEDROOM 1 BATH, 489 SF UNITS
34 2 BEDROOM 1 BATH, 730 SF UNITS
THIS PROPERTY HAS NEW ROOFS, NEW PAINT., 100% OCCUPANCY AND THERE IS GREAT UPSIDE POTENTIAL IN THE RENTS

Details

Maps

Address Information

Country: USA

Street #: 2333

Direction: E

Street Name: Glenn

State/Province: AZ

Zip Code: 85719

County: Pima

Location, Tax & Legal

Tax Year: 2013

Taxes: 22941

Assessments: 0

Legal Description: W160′ of E490′ of N290′ of S330′ of SE4 NW 4 1.06

Township: 13

Community: None

Range: 14

Section: 32

Municipality/Zoning: Tucson – R3

Fire Protection: Included in Taxes

Tax Code: 112-05-2790

Area: Central

Subdivision: Shaheen Estates

Contract Information

Distressed Info: None

Current Price: $1,850,000

Sold Price: $1,850,000

Listing Date: 2014-04-01

Status: Closed

Status Change Info

Off Market Date: 2014-04-17

Sold Price/SqFt: 56.62

Lot Sz Sold Prc/SqFt: 39.7

How Sold: Conventional

Pending Date: 2014-05-20

Sold Date: 2014-06-30

Sold Price: $1,850,000

Showing Information

Directions: S on Campbell E on Glenn to address

General Property Information

Lot Dimensions: 160′ x 290′

Lot Acres: 1.06

Lot Sqft: 46600

Lot Size Source: Assessor

List Price/SqFt: 60.45

Lot Size Price/SqFt: 42.38

Combined SqFt: 32673

Year Built: 1963

Unit Info

Avg Mo Rent/Studios: 0

# of Units/1 BR: 12

Avg Mo Rent/1 BR: 439

# of Units/2 BR: 34

Avg Mo Rent/2 BR: 533

Avg Mo Rent/3 BR: 0

Avg Mo Rent/Other: 0

Income

Vacancy Loss: 17223

Other Income: 6374

Adjusted Gross: 269831

Total Expenses: 120480

Gross Scheduled Rent: 280680

Net Opp Income: 149351

Analysis

Gross Rent Multi: 6.86

Vacancy Rate %: 6.14

Exp/SqFt: 3.69

Exp % of Gross: 44.65

Cap Rate %: 8.07

Expenses

Admin Expenses: 0

Capital Expenses: 0

Contract Services: 16190

Figures Presented: Proforma

Gas/Electric: 6837

Insurance: 8438

Maintenance Supplies: 21586

Management: 16190

Resident Manager: 0

Taxes/Assessments: 21347

Water/Sewer: 18392

Other Expenses: 11500

Sewer

Connected: 1

Water

Public: 1

Main Cooling

Central Air: 1

Evaporative Cooling: 1

Main Heating

Forced Air: 1

Natural Gas: 1

Interior Features

Interior Steps: No

Terms

Cash: 1

Conventional: 1

Security

None: 1

Property Disclosures

Flood Plain: 1

Miscellaneous

Master Elec Meter: No

Master Gas Meter: No

Master Water Meter: Yes

Package Available: Yes

Remarks Misc

Geo Lat: 32.258118

Geo Lon: -110.936633

Property Features

Main Cooling: Central Air; Evaporative Cooling

Main Heating: Forced Air; Natural Gas

Sewer: Connected

Water: Public

Security: None

Terms: Cash; Conventional

Property Disclosures: Flood Plain

Listing Office: Long Realty Company

Last Updated: December – 08 – 2024

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