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3450 E Milton Road, Tucson, AZ 85706 (MLS# 21832719)

3450 E Milton Road
Tucson, AZ 85706
MLS# 21832719
Status: Closed

3450 E Milton Road, Tucson, AZ 85706
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3450 E Milton Road, Tucson, AZ 85706 3450 E Milton Road, Tucson, AZ 85706 3450 E Milton Road, Tucson, AZ 85706

Property Description
GREAT OPPORTUNITY TO OWN THIS INVESTMENT PROPERTY WITH STABILIZED CASH FLOW INCOME AND LOW MAINTENANCE!! A well maintained 11 spaces Mobile Home Park, which consist of 2 separate tax parcel ID#s( 140-31-2930 and 140-31-3150). All Mobile Home units owned by tenants except 2 park-owned units, which currently are being sold and are conveyed with the sale. Long term tenants with solid payment history. New resurfaced driveway, electric and gas are individually metered, water is sub-metered which are billed to tenants back monthly. 4(four) promissory notes might be conveyed with full price offer. Please use TITLE SECURITY, MARCIA CORMACK AT 6640 N ORACLE RD, TUCSON,AZ 85704, PHONE#520-219-6451 since escrow has been started. Seller agent is relative to seller and seller is AZ licensed broker

Address Information
Street #: 3450
Direction: E
Street Name: Milton
Suffix: Road
State/Province: AZ
Zip Code: 85706
County: Pima
Country: USA
Location, Tax & Legal
Tax Code: 140-31-2930
Tax Year: 2018
Taxes: 1766.04
Legal Description: Los Ranchitos No 8 W130'S225' Lot 323 and W130' Lot 338
Area: South
Municipality/Zoning: Pima County - MU
Fire Protection: Included in Taxes
Contract Information
Current Price: $300,000
List Price: $348,900
Listing Date: 2018-12-14
Status: Closed
Method of Title: Fee (Simple)
Short Sale: No
Status Change Info
Pending Date: 2019-04-10
Sold Date: 2019-04-15
Sold Price: 300000
Lot Sz Sold Prc/SqFt: 4.35
Financing: Cash
Showing Information
Directions: From I-10/Palo Verde South pass Drexel to Milton West to address. Property driveway just next to the corner property on the southside of street behind the laundrymat
General Property Information
Dwelling Type: Mobile Home/RV Park
Construction Status: Existing
# Units: 11
Multi-Tenant: Yes
Year Built: 1975
Lot Dimensions: 130'X529.90
Lot Acres: 1.58
Lot Sqft: 68887
Lot Size Source: Assessor
Source of SqFt: Other
Lot Size Price/SqFt: 5.06
Remarks & Misc
Geo Lat: 32.146394
Geo Lon: -110.918632
Gross Scheduled Rent: 45300
Vacancy Loss: 2265
Adjusted Gross: 43035
Net Opp Income: 30124.5
Cap Rate %: 8
Gross Rent Multi: 8.3
Vacancy Rate %: 5
Exp % of Gross: 28.5
Unit Information
Mobile Home/RV Park: Mobile Home Park
Electric Company: TEP
Sold Info
Est. Closing Date: 2019-04-15
Property Features
Gas: Natural
Sewer: Connected
Road Type: Paved
Terms: Cash; Conventional; Submit
Submit With Offer: Lender Pre-Approval; Proof of Funds
Property Disclosures: None
Special Conditions: None

Listing Office: WVR Realty LLC

Last Updated: April - 18 - 2019

3450 E Milton Road, Tucson, AZ 85706 - MLS# 21832719

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Wednesday 23rd of September 2020 04:48 PM