720 N Kolb Road, Tucson, AZ 85710
$1,500,000
Property Type:
Multi-Family
Square Footage:
30,000
Lot Size (sq. ft.):
41,463
Status:
Closed
Current Price:
$1,500,000
List Date:
11/12/2007
Last Modified:
10/26/2024
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
More Information MLS# 20718284
Address Information
Street #: 720
Direction: N
Street Name: Kolb
Suffix: Road
State/Province: AZ
Zip Code: 85710
County: Pima
Country: USA
Location Tax Legal
Tax Code: 133-23-1700
Area: East
Subdivision: Regal Manor Condominiums Units 1-10
Contract Information
Current Price: $1,500,000
Sold Price: $1,500,000
Listing Date: 2007-05-11
Status: Closed
Status Change Info
Off Market Date: 2008-03-14
Pending Date: 2008-01-14
Sold Date: 2008-03-14
Sold Price: $1,500,000
Sold Price/SqFt: 50
Lot Sz Sold Prc/SqFt: 36.17
How Sold: Exchange
General Property Information
Lot Dimensions: Irregular
Lot Acres: 0.95
Lot Sqft: 41463
Lot Size Source: Other
Combined SqFt: 30000
Year Built: 1981
List Price/SqFt: 50
Lot Size Price/SqFt: 36.17
Remarks Misc
Geo Lat: 32.229671
Geo Lon: -110.840614
Showing Information
Directions: Kolb Road between Broadway and Speedway, East side of the road.
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
Analysis
Cap Rate %: 7.25
Gross Rent Multi: 9.8
Exp/SqFt: 1.47
Exp % of Gross: 28.95
Income
Gross Scheduled Rent: 153000
Adjusted Gross: 153000
Total Expenses: 44304
Net Opp Income: 108696
Expenses
Contract Services: 8328
Gas/Electric: 6856
Insurance: 8500
Maintenance Supplies: 1000
Taxes/Assessments: 13820
Water/Sewer: 4800
Other Expenses: 1000
Interior Features
Interior Steps: Yes
Sold Info
Selling Comments: Exchange property fo
Miscellaneous
Master Elec Meter: No
Master Gas Meter: No
Master Water Meter: Yes
Package Available: Yes
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
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo.
All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.