3601 E 2nd Street, Tucson, AZ 85716 (MLS# 20744485)

$1,735,000

3601 E 2nd Street
Tucson, AZ 85716
MLS# 20744485
Status: Closed
20192 sqft

1 / 6

Property Description
Numbers are actuals rents have good upside. Units are a/c, pool and ample parking. property is 100% OCCUPIED

Details

Maps

Documents

Address Information

Country: USA

Street #: 3601

Direction: E

Street Name: 2nd

Suffix: Street

State/Province: AZ

Zip Code: 85716

County: Pima

Location, Tax & Legal

Tax Year: 2006

Taxes: 11758

Assessments: 0

Legal Description: S140′ Lots 11 & 12 Blk 2 Speedway View addition

Township: 14

Community: None

Range: 14

Section: 9

Municipality/Zoning: Tucson – R3

Fire Protection: Included in Taxes

Tax Code: 125-11-0850

Area: Central

Subdivision: Speedway View Addition

Status Change Info

Off Market Date: 2008-02-29

Sold Price/SqFt: 85.93

Lot Sz Sold Prc/SqFt: 46.86

How Sold: Conventional

Pending Date: 2008-02-06

Sold Date: 2008-02-29

Sold Price: $1,735,000

Showing Information

Directions: Country Club/Speedway East then South on Richey E on 2nd to address.

General Property Information

Lot Dimensions: 265.2×300

Lot Acres: 0.85

Lot Sqft: 37026

Lot Size Source: Other

List Price/SqFt: 91.62

Lot Size Price/SqFt: 49.96

Combined SqFt: 20192

Year Built: 1962

Unit Info

# of Units/Studios: 22

Avg Mo Rent/Studios: 375

# of Units/1 BR: 20

Avg Mo Rent/1 BR: 454

Income

Vacancy Loss: 10398

Adjusted Gross: 197562

Total Expenses: 83036

Gross Scheduled Rent: 207960

Net Opp Income: 114526

Analysis

Gross Rent Multi: 9.36

Vacancy Rate %: 5

Exp/SqFt: 4.11

Exp % of Gross: 42.03

Cap Rate %: 6.19

Construction

Concrete Block: 1

Expenses

Admin Expenses: 300

Contract Services: 3000

Insurance: 6500

Maintenance Supplies: 12500

Resident Manager: 9878

Taxes/Assessments: 11758

Water/Sewer: 26500

Other Expenses: 12600

Sewer

Connected: 1

Water

Public: 1

Main Heating

Baseboard: 1

Interior Features

Interior Steps: No

Terms

Conventional: 1

Security

None: 1

Sold Info

Financing: 1

Property Disclosures

Lead Based Paint: 1

Military Airport Vct: 1

Miscellaneous

Master Elec Meter: No

Master Gas Meter: Yes

Master Water Meter: Yes

Package Available: Yes

Contract Information

Current Price: $1,735,000

Sold Price: $1,735,000

Listing Date: 2007-11-06

Status: Closed

Remarks Misc

Geo Lat: 32.234301

Geo Lon: -110.915527

Property Features

Construction: Concrete Block

Main Heating: Baseboard

Sewer: Connected

Water: Public

Security: None

Terms: Conventional

Property Disclosures: Lead Based Paint; Military Airport Vct

Sold Info: Financing

Listing Documents

Lead Paint Discl

Listing Office: Long Realty Company

Last Updated: October – 26 – 2024

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