4240 E Lee Street, Tucson, AZ 85712 (MLS# 20716391)

$1,100,000

4240 E Lee Street
Tucson, AZ 85712
MLS# 20716391
Status: Closed
1392 sqft

1 / 1

Property Description
8.8 cap rate 41 space mobile home park with laundry, 1BR/1BA and 2BR/1BA home on SWC Columbus & Lee just off Grant. No park owned trailers. All individually metered for electric, water & gas collection with rent. $29,852 untility reimbursement & $3,448 laundry income 2006. 5% vacancy and 4% R&M allowance for $45,066 expenses. Great rental income property. Please do not disturb tenants. E-mail at [email protected].

Details

Maps

Documents

Address Information

Country: USA

Street #: 4240

Direction: E

Street Name: Lee

Suffix: Street

State/Province: AZ

Zip Code: 85712

County: Pima

Location, Tax & Legal

Tax Year: 2006

Taxes: 4372

Assessments: 0

Legal Description: Speedway no 1 lots 9 & 10 block 9.

Township: 14

Community: None

Range: 14

Section: 3

Municipality/Zoning: Tucson – R2

Fire Protection: Included in Taxes

Tax Code: 122-13-153A

Area: Central

Subdivision: Unsubdivided

Status Change Info

Off Market Date: 2007-07-18

Sold Price/SqFt: 790.22

Lot Sz Sold Prc/SqFt: 15.3

How Sold: Cash

Pending Date: 2007-06-12

Sold Date: 2007-07-18

Sold Price: $1,100,000

General Property Information

Lot Dimensions: 240x300x240x300

Lot Acres: 1.65

Lot Sqft: 71874

Lot Size Source: Assessor

List Price/SqFt: 808.19

Lot Size Price/SqFt: 15.65

Combined SqFt: 1392

Year Built: 1956

Showing Information

Directions: North on Columbus from Speedway or south on Columbus from Grant. Southeast corner of Columbus and Lee. Casa Dulce Moble Park.

Unit Info

# of Units/1 BR: 1

Avg Mo Rent/1 BR: 320

# of Units/2 BR: 1

Avg Mo Rent/2 BR: 600

# of Units/Other: 41

Avg Mo Rent/Other: 218

Income

Vacancy Loss: 7417

Other Income: 33300

Adjusted Gross: 144383

Total Expenses: 45066

Gross Scheduled Rent: 118500

Net Opp Income: 99317

Analysis

Gross Rent Multi: 7.79

Vacancy Rate %: 6.25

Exp/SqFt: 32.37

Exp % of Gross: 31.21

Cap Rate %: 8.82

Construction

Slump Block: 1

Expenses

Gas/Electric: 17081

Insurance: 2090

Maintenance Supplies: 4503

Management: 5925

Taxes/Assessments: 4372

Water/Sewer: 11020

Other Expenses: 75

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: Yes

Terms

Cash: 1

Conventional: 1

Exchange: 1

Sold Info

Financing: 1

Property Disclosures

Lead Based Paint: 1

Miscellaneous

Master Elec Meter: No

Master Gas Meter: No

Master Water Meter: No

Package Available: Yes

Contract Information

Current Price: $1,100,000

Sold Price: $1,100,000

Listing Date: 2007-04-17

Status: Closed

Remarks Misc

Geo Lat: 32.241132

Geo Lon: -110.901688

Property Features

Construction: Slump Block

Main Cooling: Central Air; Evaporative Cooling

Main Heating: Forced Air; Natural Gas

Sewer: Connected

Water: Public

Terms: Cash; Conventional; Exchange

Property Disclosures: Lead Based Paint

Sold Info: Financing

Listing Documents

Lead Paint Discl

Listing Office: Long Realty

Last Updated: October – 26 – 2024

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