7450 E 22nd Street, Tucson, AZ 85710
$1,830,000
Property Type:
Multi-Family
Square Footage:
37,425
Lot Size (sq. ft.):
64,904
Status:
Closed
Current Price:
$1,830,000
List Date:
3/23/2006
Last Modified:
10/26/2024
Description
Well-Maintained Eastside property with direct access to I-10 and Tucson International Airport. Below-market vacancy and no concessions w/high concentration of 3BD units. Sturdy slump block construction and solid concrete flooring b/t upper and lower units; Community amenities include 35' Swimming Pool, 2 Laundry Rooms, and a BBQ Area. Possible Condo Conversion! Qualified buyers may assume or replace debt.
More Information MLS# 2611654
Address Information
Street #: 7450
Direction: E
Street Name: 22nd
Suffix: Street
State/Province: AZ
Zip Code: 85710
County: Pima
Country: USA
Location Tax Legal
Tax Code: 135-08-006B
Area: East
Subdivision: Manana Grande
Contract Information
Current Price: $1,830,000
Sold Price: $1,830,000
Listing Date: 2006-02-15
Status: Closed
Status Change Info
Off Market Date: 2006-06-09
Pending Date: 2006-04-29
Sold Date: 2006-06-09
Sold Price: $1,830,000
Sold Price/SqFt: 48.89
Lot Sz Sold Prc/SqFt: 28.19
How Sold: Cash to Loan
General Property Information
Lot Dimensions: 145x446
Lot Acres: 1.49
Lot Sqft: 64904
Lot Size Source: Assessor
Combined SqFt: 37425
Year Built: 1970
List Price/SqFt: 52.77
Lot Size Price/SqFt: 30.42
Remarks Misc
Geo Lat: 32.205929
Geo Lon: -110.833089
Showing Information
Directions: Southwest corner of 22nd and Prudence
Unit Info
# of Units/Studios: 4
Avg Mo Rent/Studios: 449
# of Units/1 BR: 8
Avg Mo Rent/1 BR: 494
# of Units/2 BR: 5
Avg Mo Rent/2 BR: 649
# of Units/3 BR: 23
Avg Mo Rent/3 BR: 842
Analysis
Cap Rate %: 7.27
Gross Rent Multi: 5.65
Vacancy Rate %: 7
Exp/SqFt: 5.49
Exp % of Gross: 58.88
Income
Gross Scheduled Rent: 340308
Vacancy Loss: 23822
Other Income: 32750
Adjusted Gross: 349236
Total Expenses: 205635
Net Opp Income: 143601
Expenses
Admin Expenses: 58012
Gas/Electric: 57293
Insurance: 9128
Maintenance Supplies: 17592
Management: 12726
Taxes/Assessments: 17966
Water/Sewer: 16443
Other Expenses: 16475
Interior Features
Interior Steps: Yes
Miscellaneous
Master Elec Meter: Yes
Master Gas Meter: Yes
Master Water Meter: Yes
Package Available: No
Property Features
Construction: Slump Block
Main Cooling: Central Air
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Security: None
Terms: Conventional
Property Disclosures: Lead Based Paint
Sold Info: Financing
Documents
Lead Paint Discl ›Listing Office: Buette DeRousseCommercial R.E.
Last Updated: October - 26 - 2024
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