5570 E Hampton Street, Tucson, AZ 85712
$2,610,000
Property Type:
Commercial
Square Footage:
28,812
Lot Size (sq. ft.):
58,800
Status:
Closed
Current Price:
$2,610,000
List Date:
5/31/2019
Last Modified:
12/11/2024
Description
41 unit apartment complex that is fully leased. 1 studio, 8 1 beedrooms, 8 2 bedroom 1 bath, 16 2 bedroom/2bath. 1 bedroom is 600 square feet. 2 bedroom units are over 800 square feet. 37 units have tile floors. All toilets were replaced in 2016 with low flow dual flush toilets. Participant in TEP Multi Family Housing Program. Every unit has low flow shower heads, low flow aerators, led light bulbs. Rents are higher than neighboring properties but there is still room to raise rents $25 to $50. Tenants currently pay for water as a separate charge with their rent. Many long term tenants. Do not Disturb tenants. List owner is related to seller.
More Information MLS# 21901658
Address Information
Street #: 5570
Direction: E
Street Name: Hampton
Suffix: Street
State/Province: AZ
Zip Code: 85712
County: Pima
Country: USA
Location Tax Legal
Tax Code: 121-05-019B
Area: Central
Contract Information
Current Price: $2,610,000
Sold Price: $2,610,000
Listing Date: 2019-01-17
Status: Closed
Short Sale: No
Status Change Info
Off Market Date: 2019-07-19
Pending Date: 2019-09-09
Sold Date: 2019-09-13
Sold Price: $2,610,000
Sold Price/SqFt: 90.59
Lot Sz Sold Prc/SqFt: 44.39
Financing: Conventional
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 41
Multi-Tenant: Yes
Year Built: 1972
Lot Dimensions: unknown
Lot Acres: 1.35
Lot Sqft: 58800
Lot Size Source: Assessor
Combined SqFt: 28812
Source of SqFt: Assessor
List Price/SqFt: 97.18
Lot Size Price/SqFt: 47.62
Remarks Misc
Geo Lat: 32.247342
Geo Lon: -110.873116
Income
Gross Scheduled Rent: 285396
Other Income: 2527
Analysis
Cap Rate %: 9.8
Expenses
Captial Expenses: 6703
Contract Services: 7100
Gas/Electric: 3500
Insurance: 4745
Taxes/Assessments: 19775
Water/Sewer: 22038
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/Studios: 1
Avg Mo Rent/Studios: 550
# of Units/1 BR: 16
Avg Mo Rent/1 BR: 475
# of Units/2 BR: 24
Avg Mo Rent/2 BR: 675
Space Information
Ceiling Height: 8ft
Door Width: 3ft
Electric
Electric Company: TEP
Property Features
Property Features: Smoke Detector
Construction: Concrete Block
Roof: Built-Up
Main Cooling: Central Air; Gas
Main Heating: Gas Pac
Water Heater: Electric
Gas: Natural
Sewer: Connected
Water: Public
Green Features: Dual-Flush Toilets; Low Flow Faucets; Low Flow Showerheads; Water Sense Shower Head
Fence: Wrought Iron
Landscape - Front: Decorative Gravel; Low Care
Landscape - Rear: Low Care
Road Type: Paved
Parking: Free; Public Parking
Lot Features: Adjacent to Alley
Terms: Cash; Conventional; Exchange; Submit
Possession: Negotiable
Submit With Offer: Lender Pre-Approval; Loan Status; Proof of Funds; Written Lender Approval
Property Disclosures: Lead Based Paint
Listing Office: 520 Realty LLC
Last Updated: December - 11 - 2024
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