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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/Sq Ft: 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/Sq Ft: 13.86
  • Lot Size Source: Assessor
  • Lot Sqft: 35719.00
  • Municipality/Zoning: Tucson - R3
  • Property Type: Commercial
  • Sewer: Connected
  • Source of Sq Ft: Assessor
  • Sq.Ft.: 440
  • Sub Type: Commercial
  • Terms: Cash, Conventional
  • Units: 42
  • Water: City
  • Zip Code: 85705


© 2017 Tucson Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Information last updated on 2017-09-20



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