720 N Kolb Road, Tucson, AZ 85710 (MLS# 20718284)

$1,500,000

720 N Kolb Road
Tucson, AZ 85710
MLS# 20718284
Status: Closed
30000 sqft

1 / 2

Property Description
New Price reduction of $450,000. 10 individual condo units (one split into 2 for a total of 11 rentable units) and common area being offered together in one sale. spacious homes ranging in size from 2,600 sf to 3,400 sf, up to 5 bedrooms, garage parking, courtyard and pool. Great Eastside location. Unique investment opportunity to collect rent income while you renovate other units for sale. Great assumable financing. Owner/Agent

Details

Maps

Address Information

Country: USA

Street #: 720

Direction: N

Street Name: Kolb

Suffix: Road

State/Province: AZ

Zip Code: 85710

County: Pima

Location, Tax & Legal

Tax Year: 2006

Taxes: 13885

Assessments: 0

Legal Description: Regal Manor Condominiums Units 1 through 10, Common Areas A, B, C, and exclusive use area.

Township: 14

Community: None

Range: 15

Section: 8

Municipality/Zoning: Tucson – O3

Fire Protection: Included in Taxes

Tax Code: 133-23-1700

Area: East

Subdivision: Regal Manor Condominiums Units 1-10

Status Change Info

Off Market Date: 2008-03-14

Sold Price/SqFt: 50

Lot Sz Sold Prc/SqFt: 36.17

How Sold: Exchange

Pending Date: 2008-01-14

Sold Date: 2008-03-14

Sold Price: $1,500,000

Showing Information

Directions: Kolb Road between Broadway and Speedway, East side of the road.

General Property Information

Lot Dimensions: Irregular

Lot Acres: 0.95

Lot Sqft: 41463

Lot Size Source: Other

List Price/SqFt: 50

Lot Size Price/SqFt: 36.17

Combined SqFt: 30000

Year Built: 1981

Unit Info

# of Units/Studios: 1

Avg Mo Rent/Studios: 450

# of Units/1 BR: 1

Avg Mo Rent/1 BR: 800

# of Units/3 BR: 4

Avg Mo Rent/3 BR: 1250

# of Units/Other: 5

Avg Mo Rent/Other: 1300

Income

Adjusted Gross: 153000

Total Expenses: 44304

Gross Scheduled Rent: 153000

Net Opp Income: 108696

Analysis

Gross Rent Multi: 9.8

Exp/SqFt: 1.47

Exp % of Gross: 28.95

Cap Rate %: 7.25

Construction

Frame – Stucco: 1

Expenses

Contract Services: 8328

Gas/Electric: 6856

Insurance: 8500

Maintenance Supplies: 1000

Taxes/Assessments: 13820

Water/Sewer: 4800

Other Expenses: 1000

Sewer

Connected: 1

Water

Public: 1

Main Cooling

Central Air: 1

Evaporative Cooling: 1

Main Heating

Heat Pump: 1

Interior Features

Interior Steps: Yes

Terms

Cash: 1

Conventional: 1

Owner Carry: 1

Submit: 1

Security

Prewired: 1

Sold Info

Financing: 1

Selling Comments: Exchange property fo

Property Disclosures

Military Airport Vct: 1

Unknown: 1

Miscellaneous

Master Elec Meter: No

Master Gas Meter: No

Master Water Meter: Yes

Package Available: Yes

Contract Information

Current Price: $1,500,000

Sold Price: $1,500,000

Listing Date: 2007-05-11

Status: Closed

Remarks Misc

Geo Lat: 32.229671

Geo Lon: -110.840614

Property Features

Construction: Frame – Stucco

Main Cooling: Central Air; Evaporative Cooling

Main Heating: Heat Pump

Sewer: Connected

Water: Public

Security: Prewired

Terms: Cash; Conventional; Owner Carry; Submit

Property Disclosures: Military Airport Vct; Unknown

Sold Info: Financing

Listing Office: Terrion Realty, LLC

Last Updated: October – 26 – 2024

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