601 N Stone Avenue 2, Tucson, AZ 85705 (MLS# 2627387)

$1,100,000

601 N Stone Avenue 2
Tucson, AZ 85705
MLS# 2627387
Status: Closed
20824 sqft

1 / 3

Property Description
Large 2 story bldg. with 2 long term tenants w/street frontage on Stone & Fifth St. also full ally access. Located on new improved Stone Ave. Convenient to downtown. 4 rear parcels w/3 bldgs. Great potential growth area w/all the downtown redevelopment.

Details

Maps

Address Information

Apt/Unit #: 2

Country: USA

Street #: 601

Direction: N

Street Name: Stone

Suffix: Avenue

State/Province: AZ

Zip Code: 85705

County: Pima

Location, Tax & Legal

Tax Year: 2006

Taxes: 14500

Assessments: 0

Legal Description: Lots 9 & 12 Blk S2 City of Tucson +4 Rear parcel on Ninth & Fifth.

Municipality/Zoning: Tucson – C3

Fire Protection: Included in Taxes

Tax Code: 117-04-141A

Area: Central

Status Change Info

Off Market Date: 2007-03-27

Sold Price/SqFt: 52.82

Lot Sz Sold Prc/SqFt: 23.6

Financing: Conventional

Pending Date: 2007-02-28

Sold Date: 2007-03-27

Sold Price: $1,100,000

Showing Information

Directions: Broadway & Stone N-Stone to 601, Corner of Fifth Street.Rear bldg. fronts on Ninth & Fifth.

General Property Information

Property Sub-Type: Retail

# Units: 2

Lot Dimensions: 252x185x252x185

Lot Acres: 1.07

Lot Sqft: 46609

Lot Size Source: Assessor

Source of SqFt: Assessor

List Price/SqFt: 67.23

Lot Size Price/SqFt: 30.03

Year Built: 1968

Combined SqFt: 20824

Electric

3 Phase Power: Yes

Amps: 440

Master Meter: No

Income

Adjusted Gross: 125400

Total Expenses: 26800

Gross Scheduled Rent: 125400

Net Opp Income: 98600

Analysis

Gross Rent Multi: 11.16

Exp/SqFt: 1.28

Exp % of Gross: 21.37

Cap Rate %: 7.04

Expenses

Figures Presented: Actual

Insurance: 12300

Taxes/Assessments: 14500

Sewer

Connected: 1

Water

Public: 1

Property Features

A.D.A. Compliant: No

Phase 1 Report: No

Main Cooling

Central Air: 1

Main Heating

Forced Air: 1

Natural Gas: 1

Terms

Cash: 1

Conventional: 1

Property Disclosures

Unknown: 1

Contract Information

Current Price: $1,100,000

Sold Price: $1,100,000

Listing Date: 2006-07-10

Status: Closed

Remarks Misc

Geo Lat: 32.229295

Geo Lon: -110.972181

Property Features

Main Cooling: Central Air

Main Heating: Forced Air; Natural Gas

Sewer: Connected

Water: Public

Terms: Cash; Conventional

Property Disclosures: Unknown

Listing Office: RE/MAX All Executives

Last Updated: December – 19 – 2024

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