5121-5171 E 29Th Street, Tucson, AZ 85711 (MLS# 21707431)

$5,765,000

5121-5171 E 29Th Street
Tucson, AZ 85711
MLS# 21707431
Status: Closed
83348 sqft

1 / 27

Property Description
This includes two properties Rosemont Gardens 5121 E 29th and Casa de Oro 5271 E 29th. These operate at a constant 90% plus occupancy. Rosemont Gardens is security fenced. Community amenities include Pool, Spa, Playground, BBQ, Basketball Ct, and laundry room. 2-tax codes 131-03-22A and B.

Details

Maps

Address Information

Street #: 5121-5171

Direction: E

Street Name: 29Th

Suffix: Street

State/Province: AZ

Zip Code: 85711

County: Pima

Country: USA

Location, Tax & Legal

Tax Code: 131-03-222A

Comparable Only Listing: No

Tax Year: 2016

Taxes: 58845

Taxes For: Dwelling & Land

Legal Description: Mayfair Terrace NO 2E313.83′ M/L W839.55′ Lot A &

Area: Central

Subdivision: Mayfair Terrace

Township: 14

Range: 14

Section: 23

Municipality/Zoning: Tucson – 03

Fire Protection: None

FEMA Flood Zone: No

Municipal Flood Zone: No

Community: None

Contract Information

Current Price: $5,765,000

Sold Price: $5,765,000

Listing Date: 2017-03-17

Status: Closed

Co-Op Fee: 2%

Variable Commission: 1

Method of Title: Fee (Simple)

Distressed Info: None

Status Change Info

Off Market Date: 2017-07-10

Pending Date: 2017-07-10

Sold Date: 2017-09-27

Sold Price: $5,765,000

Sold Price/SqFt: 69.17

Lot Sz Sold Prc/SqFt: 30.29

How Sold: Conventional

Showing Information

Directions: Between Swan and Craycroft on 29th St

General Property Information

Attached/Detached: Detached

Construction Status: Existing

Lot Dimensions: irregular

Lot Acres: 4.37

Lot Sqft: 190356

Lot Size Source: Assessor

Combined SqFt: 83348

Year Built: 1978

School District: TUSD

Elementary School: Myers/Ganoung

High School: Rincon

Horse Property: No

Horse Facilities: No

List Price/SqFt: 71.99

Lot Size Price/SqFt: 31.52

Remarks & Misc

Geo Lat: 32.200121

Geo Lon: -110.882741

Unit Info

# of Units/1 BR: 104

Avg Mo Rent/1 BR: 450

# of Units/2 BR: 48

Avg Mo Rent/2 BR: 550

Unit 1 Information

Occupancy: Yes

Stories: Two

Floor: 1st

Furnished: No

Parking: On Property

Analysis

Cap Rate %: 8.27

Gross Rent Multi: 6.15

Vacancy Rate %: 3

Exp/SqFt: 5.53

Exp % of Gross: 49.13

Income

Gross Scheduled Rent: 881280

Vacancy Loss: 26438

Other Income: 82518

Adjusted Gross: 937360

Total Expenses: 460545

Net Opp Income: 476815

Expenses

Admin Expenses: 10400

Contract Services: 5086

Insurance: 30400

Maintenance Supplies: 69347

Management: 116784

Taxes/Assessments: 58845

Water/Sewer: 169349

Other Expenses: 334

Figures Presented: Proforma

Style

Other: Apt Complex

Floor Covering

Other: laminate

Electric

Electric Company: TEP

Utilities Paid

Cable TV: Tenant

Electric: Tenant

Gas: Tenant

Insurance: Owner

Landscaping: Owner

Pool/Spa Maintenance: Owner

Sewer: Owner

Taxes: Owner

Trash: Owner

Water: Tenant

RV Parking

Other: none

Subdivision Restrict

Age Restrictions: No

Deed Restrictions: No

CC&Rs: No

Association & Fees

HOA: No

Home Protection

Offered: No

Miscellaneous

Master Water Meter: Yes

Package Available: Yes

Property Features

Construction: Frame – Stucco

Roof: Membrane

Living Areas: None

Dining Areas: Breakfast Nook

Dining Room: None

Breakfast: None

Kitchen Features: Double Sink

Bathroom Features: Shower & Tub/Hall

Laundry: Facility

Extra Room: None

Interior Features: Smoke Detector

Floor Covering: Carpet

Window Covering: Some

Technology: Cable TV; High Speed Internet; Telephone

Main Cooling: Central Air; Evaporative Cooling; Wall Unit(s)

Main Heating: Wall

Water Heater: Electric

Gas: None

Sewer: Connected

Water: City Water

Accessibility Option: None

Security: None

Patio/Deck: Patio

Pool: Community

Spa: None

Fence: Chain Link

Landscape – Front: Low Care

Landscape – Rear: Low Care

View: Mountain(s)

Road Type: Paved

Driveway: None

Exterior Feature: BBQ; Courtyard

Lot Features: Adjacent to Alley

Neighborhood Features: Gated Community

Assoc Amenities: None

Terms: Cash; Conventional

Submit With Offer: Proof of Funds

Property Disclosures: Unknown

Special Conditions: None

Listing Office: Long Realty Company

Last Updated: March – 22 – 2022

5121-5171 E 29Th Street, Tucson, AZ 85711 - MLS# 21707431

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