835 N 6Th Avenue, Tucson, AZ 85705 (MLS# 21114338)

$1,325,000

835 N 6Th Avenue
Tucson, AZ 85705
MLS# 21114338
Status: Closed
27422 sqft

1 / 6

Property Description
Very well maintained masonry apartment complex. Excellent drive-by exposure. Amenities include swimming pool, two laundry rooms, rec room and attractively landscaped central courtyard. All units have good sized kitchens, living rooms, bedrooms and bath. On-site manager’s unit includes extra large living room, plus two private offices. Asking price equates to 6.6 times GSI. Rents have good upside potential. Please do not disturb tenants.

Details

Maps

Address Information

Country: USA

Street #: 835

Direction: N

Street Name: 6Th

Suffix: Avenue

State/Province: AZ

Zip Code: 85705

County: Pima

Location, Tax & Legal

Tax Year: 2010

Taxes: 14307.7

Assessments: 0

Legal Description: Tucson lots 1, 4 and 5, Block 28

Township: 14

Community: None

Range: 13

Section: 12

Municipality/Zoning: Tucson – HR3

Fire Protection: Included in Taxes

Tax Code: 117-03-0790

Area: Central

Subdivision: Tucson

Contract Information

Distressed Info: None

Current Price: $1,325,000

Sold Price: $1,325,000

Listing Date: 2011-05-23

Status: Closed

Status Change Info

Off Market Date: 2011-05-28

Sold Price/SqFt: 48.32

Lot Sz Sold Prc/SqFt: 36.21

How Sold: Cash Owner Carryback

Pending Date: 2011-07-15

Sold Date: 2011-07-29

Sold Price: $1,325,000

Showing Information

Directions: Univeristy/6th Avenue, North to address

General Property Information

Lot Dimensions: 198X184.8X198X184.8

Lot Acres: 0.84

Lot Sqft: 36590

Lot Size Source: Assessor

List Price/SqFt: 51.02

Lot Size Price/SqFt: 38.23

Combined SqFt: 27422

Year Built: 1963

Unit Info

# of Units/Studios: 12

Avg Mo Rent/Studios: 375

# of Units/1 BR: 19

Avg Mo Rent/1 BR: 475

# of Units/2 BR: 7

Avg Mo Rent/2 BR: 575

Avg Mo Rent/3 BR: 0

Avg Mo Rent/Other: 0

Income

Vacancy Loss: 10530

Other Income: 6710

Adjusted Gross: 206840

Total Expenses: 111115

Gross Scheduled Rent: 210660

Net Opp Income: 95725

Analysis

Gross Rent Multi: 6.76

Vacancy Rate %: 5

Exp/SqFt: 4.05

Exp % of Gross: 53.72

Cap Rate %: 6.84

Construction

Concrete Block: 1

Expenses

Admin Expenses: 4960

Capital Expenses: 0

Contract Services: 4316

Figures Presented: Proforma

Gas/Electric: 12479

Insurance: 7500

Maintenance Supplies: 24505

Management: 10353

Resident Manager: 16925

Taxes/Assessments: 14307

Water/Sewer: 13731

Other Expenses: 2039

Sewer

Connected: 1

Water

Public: 1

Main Cooling

Central Air: 1

Main Heating

Forced Air: 1

Natural Gas: 1

Interior Features

Interior Steps: No

Terms

Cash: 1

Conventional: 1

Security

Window Bars: 1

Property Disclosures

Lead Based Paint: 1

Unknown: 1

Miscellaneous

Master Elec Meter: No

Master Gas Meter: No

Master Water Meter: Yes

Package Available: No

Remarks Misc

Geo Lat: 32.232543

Geo Lon: -110.969104

Property Features

Construction: Concrete Block

Main Cooling: Central Air

Main Heating: Forced Air; Natural Gas

Sewer: Connected

Water: Public

Security: Window Bars

Terms: Cash; Conventional

Property Disclosures: Lead Based Paint; Unknown

Listing Office: Diversified Equity Corporation

Last Updated: December – 06 – 2024

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