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Community Golf Course Homes

$2,850,000

50 N Mountain Avenue
Tucson, AZ 85719
MLS# 21801663
Status: Closed
9598 sqft


New Constuction! Built 2015
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New Constuction! Built 2015 Nice Architecture! Metal and Block construction. Nice Pool in between units. 14 parking spots in parking lot. Basketball hoop HUGE Great room in each unit. Bright and open floorplans Nice kitchens Corian counter tops and maple cabinets! All tile, even in the bedrooms Large bathrooms with cultured marble counters and shower surrounds Large bathrooms with cultured marble counters and shower surrounds Double washers and Dryers in each unit.

Property Description
Rare opportunity to purchase newer construction within 3 blocks of UofA around a 8.8% Cap rate! This newer building integrates metal roofing with block and stucco finishes for a really neat modern look that the students love. 4-plex, with 8bds/3.5bths per unit. Large units with huge common areas, all tile throughout, hardwood cabinets, corian counters, and ample appliances. Floorplan designed by and for students. Pool, Large Parking lot, basketball hoops, and fully enclosed yard and common area.Fully leased through July 2018. Full package available.

Details
Maps
Address Information
Street #: 50
Direction: N
Street Name: Mountain
Suffix: Avenue
State/Province: AZ
Zip Code: 85719
County: Pima
Country: USA
Location, Tax & Legal
Tax Code: 124-08-2240
Comparable Only Listing: No
Tax Year: 2017
Taxes: 15711
Taxes For: Dwelling & Land
Legal Description: DRAKES LOTS 1 2 3 4 & 5 BLK 27
Area: Central
Subdivision: Drakes Resub
Township: 14
Range: 14
Section: 7
Municipality/Zoning: Tucson – R3
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Community: None
Contract Information
Current Price: $2,850,000
Sold Price: $2,850,000
Listing Date: 2018-01-16
Status: Closed
Co-Op Fee: 2.5%
Method of Title: Fee (Simple)
Distressed Info: None
Status Change Info
Off Market Date: 2018-01-18
Pending Date: 2018-02-12
Sold Date: 2018-03-05
Sold Price: $2,850,000
Sold Price/SqFt: 296.94
Lot Sz Sold Prc/SqFt: 152.15
How Sold: Conventional
Showing Information
Directions: From Broadway and Campbell. North to 10th Street. West to Mountain Ave. On Southeast corner of 10th street and Mountain.
General Property Information
Dwelling Type: 4 Plex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: Unknown
Lot Acres: 0.43
Lot Sqft: 18731
Lot Size Source: Assessor
Combined SqFt: 9598
Year Built: 2015
Total Parking: 14
School District: TUSD
Elementary School: Cragin
Middle School: Mansfeld
High School: Tucson
Horse Property: No
Horse Facilities: No
List Price/SqFt: 296.94
Lot Size Price/SqFt: 152.15
Remarks & Misc
Geo Lat: 32.222223
Geo Lon: -110.952119
Unit 1 Information
Monthly Rent: 6800
# Beds: 8
# Full Baths: 3
# Half Baths: 1
SqFt: 2398
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 2 Information
Monthly Rent: 6800
# Beds: 8
# Full Baths: 3
# Half Baths: 1
SqFt: 2399
Occupancy: Yes
Stories: Multi
Floor: 2nd
Furnished: No
Parking: On Property
Unit 3 Information
Monthly Rent: 6800
# Beds: 8
# Full Baths: 3
# Half Baths: 1
SqFt: 2398
Occupancy: Yes
Stories: Single
Furnished: No
Parking: On Property
Unit 4 Information
Monthly Rent: 6800
# Beds: 8
# Full Baths: 3
# Half Baths: 1
SqFt: 2394
Occupancy: Yes
Stories: Multi
Floor: 2nd
Furnished: No
Parking: On Property
Analysis
Cap Rate %: 8.82
Gross Rent Multi: 8.54
Exp/SqFt: 8.57
Exp % of Gross: 24.66
Income
Gross Scheduled Rent: 326400
Other Income: 7228
Adjusted Gross: 333628
Total Expenses: 82263
Net Opp Income: 251365
Expenses
Admin Expenses: 698
Capital Expenses: 2500
Contract Services: 2450
Insurance: 2424
Maintenance Supplies: 25117
Management: 33363
Taxes/Assessments: 15711
Figures Presented: Actual
Kitchen Features
Appliance Color: Black
Countertops: Corian
Microwave: Double Microwave
Oven: Conventional
Bathroom Features
Countertops/Primary: cultured marble
Countertops/Hall: cultered marble
Electric
Electric Company: TEP
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Tenant
Landscaping: Owner
Sewer: Tenant
Taxes: Owner
Trash: Tenant
Water: Tenant
Driveway
Paved: Asphalt
RV Parking
Other: None
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: Yes
CC&Rs: Yes
Association & Fees
HOA: No
Submit With Offer
Digital Signatures: Yes
Seller Title Company: Title Security
Home Protection
Offered: No
Sold Info
Seller Concessions: 96000
Property Features
Construction: Concrete Block; Frame – Stucco; Metal
Style: Contemporary
Roof: Metal
Living Areas: Great Room
Dining Areas: Breakfast Bar
Dining Room: Area
Breakfast: Bar
Kitchen Features: Breakfast Bar; Electric Range; Dishwasher; Garbage Disposal; Refrigerator
Bathroom Features: Shower Only/Primary; Shower Only/Hall
Laundry: In Bathroom; Laundry Room
Extra Room: None
Interior Features: Ceiling Fan(s); Dual Pane Windows; Fire Sprinklers; Garden Window; Vaulted Ceilings
Floor Covering: Ceramic Tile
Window Covering: Stay
Technology: Ceiling Speakers; High Speed Internet
Main Cooling: Zoned
Main Heating: Electric; Zoned
Water Heater: Electric
Gas: None
Sewer: Connected
Water: City Water
Accessibility Option: Door Levers; Entry; Ramped Main Level; Roll-In Shower; Wide Doorways; Wide Hallways
Security: Security Lights; Window Bars
Green Features: Low E DP Windows
Patio/Deck: Balcony; Covered
Pool: Community
Spa: None
Fence: Block; Wrought Iron
Landscape – Front: Decorative Gravel; Low Care
Landscape – Rear: Decorative Gravel; Low Care; Shrubs; Trees
View: Residential; Mountain(s); Sunset
Road Type: Paved
Exterior Feature: Courtyard
Lot Features: Adjacent to Alley; North/South Exposure
Neighborhood Features: None
Terms: Cash; Conventional
Submit With Offer: Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures: None
Special Conditions: None

Listing Office: Tucson Integrity Realty, LLC

Last Updated: May – 17 – 2020

50 N Mountain Avenue, Tucson, AZ 85719 - MLS# 21801663

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