2840 N Park Avenue, Tucson, AZ 85719
$1,317,000
Property Type:
Multi-Family
Square Footage:
14,197
Lot Size (sq. ft.):
80,150
Status:
Closed
Current Price:
$1,317,000
List Date:
8/05/2013
Last Modified:
12/07/2024
Description
3 tax codes 113-08-0540 & 113-08-0550 & 113-08-0560. 26 spacious 1- BR units in 7 single-story buildings. Great curb appeal. Each unit approx. 540sq ft. equipped with built in dresser, refrig., kitchen pantry and large private patio. Lots of shopping and restaurants nearby. One block off Mountain bike path to U of A (2840-2890 N. Park Ave.)
More Information MLS# 21320814
Address Information
Street #: 2840
Direction: N
Street Name: Park
Suffix: Avenue
State/Province: AZ
Zip Code: 85719
County: Pima
Country: USA
Location Tax Legal
Tax Code: 113-08-0540
Area: Central
Subdivision: Catalina Poultry Acres NO 1
Contract Information
Current Price: $1,317,000
Sold Price: $1,317,000
Listing Date: 2013-08-05
Status: Closed
Distressed Info: None
Status Change Info
Off Market Date: 2013-10-14
Pending Date: 2014-01-13
Sold Date: 2014-01-13
Sold Price: $1,317,000
Sold Price/SqFt: 92.77
Lot Sz Sold Prc/SqFt: 16.43
How Sold: Conventional
General Property Information
Lot Dimensions: 314.80 x 254
Lot Acres: 1.84
Lot Sqft: 80150
Lot Size Source: Assessor
Combined SqFt: 14197
Year Built: 1977
List Price/SqFt: 111.64
Lot Size Price/SqFt: 19.78
Remarks Misc
Geo Lat: 32.258633
Geo Lon: -110.956215
Showing Information
Directions: Park/Glenn 1 block North to address 2840-2890 N. Park Ave.
Unit Info
# of Units/1 BR: 26
Avg Mo Rent/1 BR: 578
Analysis
Cap Rate %: 8.79
Gross Rent Multi: 7.46
Vacancy Rate %: 4.37
Exp/SqFt: 4.28
Exp % of Gross: 34.43
Income
Gross Scheduled Rent: 181051
Vacancy Loss: 7917
Other Income: 3500
Adjusted Gross: 176634
Total Expenses: 60814
Net Opp Income: 115820
Expenses
Contract Services: 6345
Gas/Electric: 839
Insurance: 5938
Maintenance Supplies: 25044
Taxes/Assessments: 11507
Water/Sewer: 11141
Figures Presented: Proforma
Miscellaneous
Master Water Meter: Yes
Package Available: Yes
Property Features
Construction: Frame - Stucco
Main Cooling: Central Air
Main Heating: Electric; Forced Air
Sewer: Connected
Water: Public
Security: None
Terms: Cash; Conventional
Property Disclosures: Lead Based Paint
Listing Office: Long Realty Company
Last Updated: December - 07 - 2024
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