3601 E 2nd Street, Tucson, AZ 85716 (MLS# 2512444)

$1,125,000

3601 E 2nd Street
Tucson, AZ 85716
MLS# 2512444
Status: Closed
20192 sqft

1 / 1

Property Description
42 Unit apartment building in a great location. Property is in excellent condition & maintains a high occupancy. Owner pays gas & water. 22 apts are furnished. Financials are a blend of actual & proforma numbers.

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: 2005

Taxes: 9665

Assessments: 0

Legal Description: Speedway View S140 of Lot 11 & 12 Blk 2

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: 2005-07-13

Sold Price/SqFt: 55.71

Lot Sz Sold Prc/SqFt: 30.3

How Sold: Cash

Pending Date: 2005-05-16

Sold Date: 2005-07-13

Sold Price: $1,125,000

General Property Information

Lot Dimensions: 140 X 265

Lot Acres: 0.85

Lot Sqft: 37128

Lot Size Source: Assessor

List Price/SqFt: 55.72

Lot Size Price/SqFt: 30.3

Combined SqFt: 20192

Year Built: 1962

Showing Information

Directions: W on 2nd from Alvernon

Unit Info

# of Units/Studios: 22

Avg Mo Rent/Studios: 340

# of Units/1 BR: 20

Avg Mo Rent/1 BR: 368

Income

Vacancy Loss: 13024

Adjusted Gross: 165056

Total Expenses: 89748

Gross Scheduled Rent: 178080

Net Opp Income: 75308

Analysis

Gross Rent Multi: 6.82

Vacancy Rate %: 7.31

Exp/SqFt: 4.44

Exp % of Gross: 54.37

Cap Rate %: 6.69

Construction

Concrete Block: 1

Expenses

Contract Services: 1550

Gas/Electric: 17686

Insurance: 4034

Maintenance Supplies: 37162

Resident Manager: 7502

Taxes/Assessments: 9665

Water/Sewer: 10000

Other Expenses: 2149

Sewer

Connected: 1

Water

Public: 1

Main Cooling

Heat Pump: 1

Main Heating

Heat Pump: 1

Interior Features

Furnished: 1

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: Yes

Master Water Meter: Yes

Package Available: No

Contract Information

Current Price: $1,125,000

Sold Price: $1,125,000

Listing Date: 2005-04-30

Status: Closed

Remarks Misc

Geo Lat: 32.234605

Geo Lon: -110.915546

Property Features

Construction: Concrete Block

Interior Features: Furnished

Main Cooling: Heat Pump

Main Heating: Heat Pump

Sewer: Connected

Water: Public

Security: None

Terms: Conventional

Property Disclosures: Unknown

Sold Info: Financing

Listing Documents

Lead Paint Discl

Listing Office: Coldwell Banker Realty

Last Updated: October – 26 – 2024

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