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3052 N Alvernon Way

Tucson, AZ 85712
  • $1,550,000
  • STATUS: Closed
  • ID#: 22305621
Sold - 10/20/2023
$1,550,000
SOLD - 10/20/2023
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,800
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1979
County:
Area:

School Ratings & Info

Courtesy of Pinnacle Realty and Investment Advisors LLC.

Description

20 interior unit inspections occurred on 7.1.2023 Confirmed by contractor that 18 studios can be converted to 1 bedrooms and 2 units can be converted to 2 bedrooms. Approval needed by City of Tucson Section 8. Projected NOI is based on one bedroom renting for 950/month and 2 bedroom renting for 1100/month

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MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2024-05-24T18:08:05.72.
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 Tucson Property Executives are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
www.tucsonproperty.com/homes/137674432
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3052 N Alvernon Way Tucson, AZ 85712

  • Price: $1,950,000
  • Status: Closed
  • On Site: Days
  • Updated: 106 min ago
  • ID#: 22305621
0
Beds
0
Baths
0
½ Baths
0.2
Acres
8,800
SQFT
$0
$/SQFT
1979
Built
Neighborhood:
Central
County:
Pima
Area:
Central
Property Description
20 interior unit inspections occurred on 7.1.2023 Confirmed by contractor that 18 studios can be converted to 1 bedrooms and 2 units can be converted to 2 bedrooms. Approval needed by City of Tucson Section 8. Projected NOI is based on one bedroom renting for 950/month and 2 bedroom renting for 1100/month
Exterior Features

Construction Frame - Stucco Fence Chain LinkShared FenceStucco Finish Landscape Front Desert PlantingsGrassLow CareShrubs Landscape Rear Low Care Parking Paved Parking Road Type Paved Roof Built-UpTile

Interior Features

Main Cooling Ceiling Fan(S)Window Unit(S) Main Heating BaseboardWall Space Information Ceiling Height 8Ft Space Information Door Width 3Ft Water Heater Electric

Property Features

Analysis Cap Rate Percent 6.87 Analysis Gross Rent Multi 8.08 Analysis Vacancy Rate Percent 0.00 Assessments 0.00 Business Location Free Standing Bldg Country Usa Electric Electric Company Tep Expenses Captial Expenses 1500.00 Expenses Figures Presented Proforma Expenses Gas Electric 5930.61 Expenses Maintenance Supplies 17465.00 Expenses Management 9994.89 Expenses Taxes Assessments 8257.00 Expenses Water Sewer 10584.00 Fenced Storage No Fire Protection Included in Taxes Freeway Highway Over 5.1 Miles Gas None Income Adjusted Gross 216700.00 Income Gross Scheduled Rent 231600.00 Income Vacancy Loss 0.00 Lot Dimensions 106 X 238 Lot Features North/South Exposure Lot Sqft 25228.00 Multi Tenant Yes Municipality Zoning Tucson - R3 Property Disclosures Lead Based PaintSeller Prop Disclosure Property Features Smoke Detector Property Sub Type Apartment Sewer Connected Short Sale No Source Of Sqft Assessor Special Conditions None Tax Year 2022 Taxes 8257.86 Terms CashConventionalSubmit Total Parking 20 Traffic Count Unknown Water City

Listing provided by Pinnacle Realty and Investment Advisors LLC: (520) 331-8050. Listing information © 2024 MLS of Southern Arizona.


MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2024-05-24T18:08:05.72.
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 Tucson Property Executives are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
 
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Tucson Property Executives
180 W Magee Rd #110
Tucson AZ, 85704
Courtesy of Pinnacle Realty and Investment Advisors LLC.