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Community Golf Course Homes


$2,610,000

5570 E Hampton Street
Tucson, AZ 85712
MLS# 21901658
Status: Closed
28812 sqft




5570 E Hampton Street, Tucson, AZ 85712
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5570 E Hampton Street, Tucson, AZ 85712 5570 E Hampton Street, Tucson, AZ 85712 5570 E Hampton Street, Tucson, AZ 85712 5570 E Hampton Street, Tucson, AZ 85712 5570 E Hampton Street, Tucson, AZ 85712 5570 E Hampton Street, Tucson, AZ 85712 5570 E Hampton Street, Tucson, AZ 85712 5570 E Hampton Street, Tucson, AZ 85712 5570 E Hampton Street, Tucson, AZ 85712 5570 E Hampton Street, Tucson, AZ 85712 5570 E Hampton Street, Tucson, AZ 85712 5570 E Hampton Street, Tucson, AZ 85712 5570 E Hampton Street, Tucson, AZ 85712 5570 E Hampton Street, Tucson, AZ 85712 5570 E Hampton Street, Tucson, AZ 85712 5570 E Hampton Street, Tucson, AZ 85712 5570 E Hampton Street, Tucson, AZ 85712 5570 E Hampton Street, Tucson, AZ 85712 5570 E Hampton Street, Tucson, AZ 85712 5570 E Hampton Street, Tucson, AZ 85712

Property Description
41 unit apartment complex that is fully leased. 1 studio, 8 1 beedrooms, 8 2 bedroom 1 bath, 16 2 bedroom/2bath. 1 bedroom is 600 square feet. 2 bedroom units are over 800 square feet. 37 units have tile floors. All toilets were replaced in 2016 with low flow dual flush toilets. Participant in TEP Multi Family Housing Program. Every unit has low flow shower heads, low flow aerators, led light bulbs. Rents are higher than neighboring properties but there is still room to raise rents $25 to $50. Tenants currently pay for water as a separate charge with their rent. Many long term tenants. Do not Disturb tenants. List owner is related to seller.

Details
Maps
Address Information
Street #: 5570
Direction: E
Street Name: Hampton
Suffix: Street
State/Province: AZ
Zip Code: 85712
County: Pima
Country: USA
Location, Tax & Legal
Tax Code: 121-05-019B
Tax Year: 2017
Taxes: 20091.45
Legal Description: NORTHEAST CENTER RESUBDIVISION NO 2
BLK E E20′ LOT 1 & W260′ LOT 2
Area: Central
Development Name: NORTHEAST CENTER RESUBDIVISION NO 2 BLK E E20′ LOT
Municipality/Zoning: Tucson – O3
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Contract Information
Current Price: $2,610,000
Sold Price: $2,610,000
Listing Date: 2019-01-17
Status: Closed
Co-Op Fee: 2%
Short Sale: No
Status Change Info
Off Market Date: 2019-07-19
Pending Date: 2019-09-09
Sold Date: 2019-09-13
Sold Price: $2,610,000
Sold Price/SqFt: 90.59
Lot Sz Sold Prc/SqFt: 44.39
Financing: Conventional
General Property Information
Dwelling Type: Apartment
Construction Status: Existing
# Units: 41
Multi-Tenant: Yes
Year Built: 1972
Lot Dimensions: unknown
Lot Acres: 1.35
Lot Sqft: 58800
Lot Size Source: Assessor
Combined SqFt: 28812
Source of SqFt: Assessor
List Price/SqFt: 97.18
Lot Size Price/SqFt: 47.62
Remarks & Misc
Geo Lat: 32.247342
Geo Lon: -110.873116
Income
Gross Scheduled Rent: 285396
Other Income: 2527
Analysis
Cap Rate %: 9.8
Expenses
Captial Expenses: 6703
Contract Services: 7100
Gas/Electric: 3500
Insurance: 4745
Taxes/Assessments: 19775
Water/Sewer: 22038
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/Studios: 1
Avg Mo Rent/Studios: 550
# of Units/1 BR: 16
Avg Mo Rent/1 BR: 475
# of Units/2 BR: 24
Avg Mo Rent/2 BR: 675
Space Information
Ceiling Height: 8ft
Door Width: 3ft
Electric
Electric Company: TEP
Property Features
Property Features: Smoke Detector
Construction: Concrete Block
Roof: Built-Up
Main Cooling: Central Air; Gas
Main Heating: Gas Pac
Water Heater: Electric
Gas: Natural
Sewer: Connected
Green Features: Dual-Flush Toilets; Low Flow Faucets; Low Flow Showerheads; Water Sense Shower Head
Fence: Wrought Iron
Landscape – Front: Decorative Gravel; Low Care
Landscape – Rear: Low Care
Road Type: Paved
Parking: Free; Public Parking
Lot Features: Adjacent to Alley
Freeway/Highway: Over 5.1 Miles
Terms: Cash; Conventional; Exchange; Submit
Possession: Negotiable
Submit With Offer: Lender Pre-Approval; Loan Status; Proof of Funds; Written Lender Approval
Property Disclosures: Lead Based Paint


Listing Office: 520 Realty LLC

Last Updated: March – 31 – 2022

5570 E Hampton Street, Tucson, AZ 85712 - MLS# 21901658


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