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Kris Basel, REALTOR®
ABR, CIPS, GREEN
OMNI Homes International 
1050 E. River Road, Suite 302
Tucson, AZ 85718
520-358-3308
Email Me

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$495,000 Active Contingent

2525 N Castro Avenue
Tucson, AZ 85705

42 units |
440 sq ft,
0.82 acre lot
Commercial: Commercial - MLS# 21709796
Property Photo

Description

MOTIVATED SELLER SAYS ''BRING ALL OFFERS'' OUTSTANDING INVESTMENT OPPORTUNITY... PUT YOUR SWEAT EQUITY TO WORK. 42 space mobile home park, 1.5 acres zone R-3 high density. 36 spaces and 6 apartments. Tenants are responsible for all utilities. On site laundry facilities. MAKE OFFER! THE SELLER IS OUT OF STATE AND WANTS TO SELL FAST, PACKAGE DEAL WITH 6347 S FONTANA (SNUG HARBOR). THIS PROPERTY NEEDS TLC BUT IS LOADED WITH OPPORTUNITY. DRIVE THROUGH BUT DON'T DISTURB TENANTS.

Features

  • Acres: 0.8200
  • Analysis: Cap Rate %: 6.89
  • Analysis: Exp % of Gross: 68.10
  • Analysis: Exp/SqFt: 200.59
  • Analysis: Gross Rent Multi: 4.63
  • Analysis: Vacancy Rate %: 25.00
  • Construction: Rammed Earth
  • Country: USA
  • County/Area: Pima County
  • Directions: I-10/Grant E past Oracle Rd to Castro N to address
  • Expenses: Admin Expenses: 5002.00
  • Expenses: Captial Expenses: 3319.00
  • Expenses: Figures Presented: Proforma
  • Expenses: Gas/Electric: 28382.00
  • Expenses: Insurance: 3899.00
  • Expenses: Maintenance Supplies: 560.00
  • Expenses: Management: 6510.00
  • Expenses: Other Expenses: 39943.00
  • Expenses: Taxes/Assessments: 643.00
  • Fire Protection: Included in Taxes
  • Income: Adjusted Gross: 129600.00
  • Income: Gross Scheduled Rent: 172800.00
  • Income: Net Opp Income: 41342.00
  • Income: Total Expenses: 88258.00
  • Income: Vacancy Loss: 43200.00
  • Listing Status: Active Contingent
  • Lot Size Price/SqFt: 13.86
  • Lot Size Source: Assessor
  • Lot Sqft: 35719.00
  • Municipality/Zoning: Tucson - R3
  • Property Type: Commercial
  • Sewer: Connected
  • Source of SqFt: Assessor
  • Sq.Ft.: 440
  • Sub Type: Commercial
  • Terms: Cash, Conventional
  • Units: 42
  • Water: City
  • Zip Code: 85705



Kris Basel | OMNI Homes International | 520-358-3308 | Email Me
1050 E. River Road, Suite 302, Tucson, AZ 85718
Copyright © 2016. Kris Basel, All Rights Reserved