1701 N Village Drive

    Tucson, AZ 85712
    • $799,000
    • STATUS: Active
    • ID#: 21831038
    UPDATED: 16 min ago
    $799,000
    • 0
      BEDS
    • 0.9
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,947
      SQFT
    • $89
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1947
    County:
    Area:

    School Ratings & Info

    Courtesy of Keller Williams Southern Arizona.

    Description

    STABLE INCOME PLUS UPSIDE - 5.5%proforma CAP. Addl Property @ 3939 E Pima St, APN 122-09-001C, Existing office vacancy allows a prospective buyer to quickly increase income. OFFICE/SFR UNIT - One freestanding 1,554 sf Office/SingleFamily Residence building on separate parcel. Highly improvedand used as business office by earlier owner. Potential to leaseupat market rent of $14/PSF/YR ($1,400/Month).APARTMENTS FULLY LEASED - 11 1-bedroom units fully leased ataverage in-place rents of $463/month compared to market rateof $493/month. Several units recently upgraded with new appliances and more.PARCEL SPLIT OPTION - Opportunity perform parcel split, sell ofOffice/SFR unit separately and realize a quick return of capital.

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    © 2018 MLS of Southern Arizona. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Realty Executives Tucson Elite. Data last updated: 2018-12-17T10:07:02.52.
    www.gatewayagent.com/homes/89589561

    1701 N Village Drive Tucson, AZ 85712

    • Price: $799,000
    • Status: Active
    • Updated: 16 min ago
    • ID#: 21831038
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.9
    Acres
    8,947
    SQFT
    $89
    $/SQFT
    1947
    Built
    Neighborhood:
    Central
    County:
    Pima
    Area:
    Central
    Property Description
    STABLE INCOME PLUS UPSIDE - 5.5%proforma CAP. Addl Property @ 3939 E Pima St, APN 122-09-001C, Existing office vacancy allows a prospective buyer to quickly increase income. OFFICE/SFR UNIT - One freestanding 1,554 sf Office/SingleFamily Residence building on separate parcel. Highly improvedand used as business office by earlier owner. Potential to leaseupat market rent of $14/PSF/YR ($1,400/Month).APARTMENTS FULLY LEASED - 11 1-bedroom units fully leased ataverage in-place rents of $463/month compared to market rateof $493/month. Several units recently upgraded with new appliances and more.PARCEL SPLIT OPTION - Opportunity perform parcel split, sell ofOffice/SFR unit separately and realize a quick return of capital.
    Exterior Features

    Parking Paved Parking Road Type Gravel/Dirt

    Property Features

    Analysis Vacancy Rate Percent 26.10 Assessments 0.00 Business Location Free Standing Bldg Country Usa Electric Electric Company Tep Expenses Figures Presented Proforma Expenses Insurance 4760.00 Expenses Maintenance Supplies 8260.00 Expenses Management 5780.00 Expenses Other Expenses 10840.00 Expenses Taxes Assessments 8890.00 Fire Protection Included in Taxes Income Adjusted Gross 61164.00 Income Gross Scheduled Rent 82764.00 Income Net Opp Income 61164.00 Income Vacancy Loss 21600.00 Lot Dimensions Variable Lot Sqft 39256.00 Municipality Zoning Tucson - C1 Property Sub Type Apartment Sewer Connected Short Sale No Source Of Sqft Assessor Tax Year 2017 Taxes 4436.92 Unit Information Office Office Building Water City

    Listing provided courtesy of Keller Williams Southern Arizona. Listing information © 2018 MLS of Southern Arizona.




    © 2018 MLS of Southern Arizona. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Realty Executives Tucson Elite. Data last updated: 2018-12-17T10:07:02.52.
     
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    Courtesy of Keller Williams Southern Arizona.