319 E Mohave Road, Tucson, AZ 85705 (MLS# 2631800)

$970,000

319 E Mohave Road
Tucson, AZ 85705
MLS# 2631800
Status: Closed
15154 sqft

The street is scheduled for resurfacing at the end of August 2006. The security gate closes automatically when the street lights come on and opens automatically the street lights go off. There is plenty of off street parking.

1 / 6

Well maintained with concrete steps and upstairs walk ways.

Pool with picnic area. Many of the tenants have lived here for several years and often gather at the pool and patio area.

This is the east side of the property opposite the pool area.

Property Description
Beautiful 24 unit garden apartment reflects pride of ownership. Seller has owned the property 17 years and has managed the property himself for the past 2 1/2 years. One bedroom units are very large and have walk-in closets. The 5.79% loan is assumable and the rate is fixed for 4 more years. Seller has recently install a security gate across the parking lot which automatically closes at sunset and opens at sunrise. DO NOT CONTACT TENANTS.

Details

Maps

Address Information

Country: USA

Street #: 319

Direction: E

Street Name: Mohave

Suffix: Road

State/Province: AZ

Zip Code: 85705

County: Pima

Location, Tax & Legal

Tax Year: 2005

Taxes: 7484

Assessments: 0

Legal Description: Lot 8, Block 6, GARDEN HOMES

Township: 13

Community: None

Range: 13

Section: 25

Municipality/Zoning: Tucson – R3

Fire Protection: Included in Taxes

Tax Code: 106-04-1080

Area: Central

Subdivision: Garden Homes

Status Change Info

Off Market Date: 2006-12-05

Sold Price/SqFt: 64

Lot Sz Sold Prc/SqFt: 27.12

How Sold: Conventional

Pending Date: 2006-09-06

Sold Date: 2006-12-05

Sold Price: $970,000

General Property Information

Lot Dimensions: 120 X 298.12

Lot Acres: 0.82

Lot Sqft: 35763

Lot Size Source: Assessor

List Price/SqFt: 72.59

Lot Size Price/SqFt: 30.75

Combined SqFt: 15154

Year Built: 1982

Showing Information

Directions: From Stone Ave. & Ft. Lowell Rd: North on Stone to Mohave, East on Mohave to Address.

Unit Info

# of Units/1 BR: 16

Avg Mo Rent/1 BR: 385

# of Units/2 BR: 8

Avg Mo Rent/2 BR: 490

Income

Vacancy Loss: 6000

Other Income: 4706

Adjusted Gross: 118706

Total Expenses: 47141

Gross Scheduled Rent: 120000

Net Opp Income: 71565

Analysis

Gross Rent Multi: 9.26

Vacancy Rate %: 5

Exp/SqFt: 3.11

Exp % of Gross: 39.71

Cap Rate %: 6.5

Construction

Masonry Stucco: 1

Expenses

Admin Expenses: 1806

Capital Expenses: 5191

Contract Services: 5334

Gas/Electric: 4076

Insurance: 4424

Maintenance Supplies: 6854

Resident Manager: 6900

Taxes/Assessments: 7484

Water/Sewer: 5072

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

Conventional: 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: $970,000

Sold Price: $970,000

Listing Date: 2006-08-08

Status: Closed

Remarks Misc

Geo Lat: 32.268904

Geo Lon: -110.966706

Property Features

Construction: Masonry Stucco

Main Cooling: Central Air; Evaporative Cooling

Main Heating: Forced Air; Natural Gas

Sewer: Connected

Water: Public

Terms: Conventional

Property Disclosures: Unknown

Sold Info: Financing

Listing Office: Realpros Real Estate

Last Updated: October – 26 – 2024

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