NOT LISTED FOR SALE

1525 N Euclid Ave Tucson, AZ 85719

North University Neighborhood
-- Bed
-- Bath
21,148 Sq Ft
1.48 Acres

Last Sold August 09, 2017

Last sale price $4,250,000 $201 Per Sq Ft

102 Days on Market

Highlights

  • Gated Community
  • 1.48 Acre Lot
  • Forced Air Heating and Cooling System

About This Home

As of August 2017

AMAZING OPPORTUNITY to own a Gorgeously remodeled (2016) 58 unit apartment complex less than 5 blocks to the University of Arizona. Fully leased through July 2018 (Yes, 2018!!). Each unit had new hardwood cabinets, granite counter tops, porcelain tile, paint, dishwasher, Microwave & electrical fixtures installed during 2016. New Clubhouse with leasing office and laundry room built in 2016. New block walls and metal gates installed 2016. Swimming pool, turf, and landscaping updated 2016. Complex built with concrete block exterior walls and concrete floors between units (except in bathrooms (plumbing). New Master Lease starting 8/1/2017. Numbers presented reflect new master lease. One of members of the Seller is AZ licensed broker. Please do not go on the property or disturb tenants.

Last Agent to Sell the Property

Jarrett Reidhead

Tucson Integrity Realty, LLC Listed on: 03/13/2017

Last Buyer's Agent

Jarrett Reidhead

Tucson Integrity Realty, LLC Listed on: 03/13/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,386

Year Built

  • Built in 1978

Lot Details

  • 1.48

Home Design

  • 21,148 Sq Ft Home

Additional Features

  • 1.48 Acre Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • $25,385 special tax assessment

Community Details

Building Details

  • Insurance Expense $7,675
  • Maintenance Expense $24,000
  • Professional Management Expense $52,200
  • Gross Income $523,400
  • Net Operating Income $398,030

Additional Features

  • University Home Addition Subdivision
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,386

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Legal Description: UNIVERSITY HOME BLK 9 EXC W116.7' S157.5'& SPNDRL NW COR & EXC W182.41' E282.41' S170' & EXC E100' S115' & SPNDRL NE COR
  • List Price per Sq Ft: 200.96
  • Miscellaneous Package Available: Yes
  • Unit Info Average Monthly Rent One Bedroom: 750.00
  • Unit Info Avg Mo Rent Other: 112.50
  • Unit Info Average Monthly Rent Studios: 750.00
  • Unit Info Number Of Units1 B R: 2
  • Unit Info Number Of Units Other: 1
  • Unit Info Number Of Units Studios: 56
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Gross Sq Ft: 21148.00
  • Interior Steps: Yes

Exterior Features

  • Construction: Concrete Block

Utilities

  • Water: City Water
  • Fire Protection: Included in Taxes
  • Main Cooling: Central Air
  • Main Heating: Electric, Forced Air
  • Sewer: Connected
  • Miscellaneous Master Water Meter: Yes

Condo/Co-op/Association

  • Community: None

Association/Amenities

  • Neighborhood Features: Gated Community

Fee Information

  • Expenses Admin Expenses: 750.00
  • Expenses Capital Expenses: 5000.00
  • Expenses Contract Services: 8400.00
  • Expenses Figures Presented: Proforma
  • Expenses Maintenance Supplies: 24000.00
  • Expenses Other Expenses: 1960.00
  • Expenses Taxes Assessments: 25385.00

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Lot Acres: 1.48
  • Lot Dimensions: Irregular
  • Lot Size Price Sq Ft: 65.92
  • Lot Sq Ft: 64469.00
  • Lot Sz Sold Prc Sq Ft: 65.92
  • Municipality Zoning: Tucson - O3

Building Info

  • Year Built: 1978

Tax Info

  • Tax Code: 123-15-101A
  • Taxes: 25386.00
  • Tax Year: 2016

Range of Values:

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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2017 08/09/17 Sold $4,250,000 0.0% $201 / Sq Ft
07/10/2017 07/10/17 Pending -- -- --
03/13/2017 03/13/17 For Sale $4,250,000 -- $201 / Sq Ft
Source: MLS of Southern Arizona

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jarrett Reidhead

    Tucson Integrity Realty, LLC

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 21707065

MLS of Southern Arizona
Arizona Pima County Tucson 85719 North University

1525 N Euclid Ave, Tucson, AZ

This home is located at 1525 N Euclid Ave, Tucson, AZ 85719 since 13 March 2017. This property was built in 1978. 1525 N Euclid Ave is a home located in Pima County with nearby schools including Blenman Elementary School, Doolen Middle School, and Catalina High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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