315 - 335 N Park Avenue, Tucson, AZ 85719
$1,300,000
Property Type:
Multi-Family
Square Footage:
6,087
Lot Size (sq. ft.):
42,688
Status:
Closed
Current Price:
$1,300,000
List Date:
3/28/2017
Last Modified:
12/09/2024
Description
RARE FIND.....Special opportunity for redevelopment of R2 zoned property 1 block from the University of Arizona. Assemblage of 8 parcels, almost 1 acre, with some existing rental units. UofA's growth plan already includes 6th Street, so someday this property could be less than one block from campus. One of the Members of the Seller is licensed to sell real estate in Arizona.
More Information MLS# 21708476
Address Information
Street #: 315 - 335
Direction: N
Street Name: Park
Suffix: Avenue
State/Province: AZ
Zip Code: 85719
County: Pima
Country: USA
Location Tax Legal
Tax Code: Multiple#
Area: Central
Subdivision: Buells
Contract Information
Current Price: $1,300,000
Sold Price: $1,300,000
Listing Date: 2017-03-28
Status: Closed
Method of Title: Fee (Simple)
Distressed Info: None
Status Change Info
Off Market Date: 2017-08-29
Pending Date: 2017-09-16
Sold Date: 2017-09-29
Sold Price: $1,300,000
Sold Price/SqFt: 213.57
Lot Sz Sold Prc/SqFt: 30.45
How Sold: Conventional
General Property Information
Attached/Detached: Detached
Construction Status: Existing
Lot Dimensions: Irregular
Lot Acres: 0.98
Lot Sqft: 42688
Lot Size Source: Assessor
Combined SqFt: 6087
Year Built: 1925
School District: TUSD
Elementary School: Blenman
Middle School: Doolen
High School: Tucson
Horse Property: No
Horse Facilities: No
List Price/SqFt: 246.43
Lot Size Price/SqFt: 35.14
Remarks Misc
Geo Lat: 32.225434
Geo Lon: -110.956715
Showing Information
Directions: From Euclid and 6th. East to Park Ave. South to Addresses on west side of Park Ave.
Unit Info
# of Units/Studios: 2
Avg Mo Rent/Studios: 312
# of Units/1 BR: 4
Avg Mo Rent/1 BR: 784
Unit 1 Information
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Analysis
Cap Rate %: 1.79
Gross Rent Multi: 28.81
Exp/SqFt: 3.59
Exp % of Gross: 48.41
Income
Gross Scheduled Rent: 45120
Adjusted Gross: 45120
Total Expenses: 21842
Net Opp Income: 23278
Expenses
Admin Expenses: 500
Capital Expenses: 1500
Contract Services: 1250
Insurance: 2750
Maintenance Supplies: 1500
Management: 4512
Taxes/Assessments: 9530
Other Expenses: 300
Figures Presented: Proforma
Electric
Electric Company: TEP
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Landscaping: Owner
Pool/Spa Maintenance: Tenant
Sewer: Tenant
Taxes: Owner
Trash: Tenant
Water: Owner
RV Parking
Other: NONE
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: Yes
CC&Rs: Yes
Submit With Offer
Digital Signatures: Yes
Home Protection
Offered: No
Miscellaneous
Package Available: Yes
Property Features
Construction: Other
Style: Ranch
Roof: Rolled
Living Areas: Family Room
Dining Areas: Breakfast Bar
Dining Room: None
Breakfast: Area
Kitchen Features: Breakfast Nook; Dishwasher
Bathroom Features: Shower Only/Primary; Shower Only/Hall
Laundry: None
Extra Room: Arizona Room
Interior Features: Storage
Floor Covering: Carpet; Vinyl
Window Covering: Stay
Technology: Cable TV
Main Cooling: Central Air; Wall Unit(s)
Main Heating: Baseboard; Forced Air; Natural Gas
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: Door Levers
Security: Window Bars
Pool: None
Spa: None
Fence: Chain Link
Landscape - Front: Low Care
Landscape - Rear: Low Care
View: Sunset
Road Type: Dirt; Gravel
Driveway: None
Exterior Feature: Shed(s)
Lot Features: Adjacent to Alley
Neighborhood Features: None
Assoc Amenities: None
Terms: Cash; Conventional; Exchange
Property Disclosures: Unknown
Special Conditions: None
Listing Office: Tucson Integrity Realty, LLC
Last Updated: December - 09 - 2024
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