NOT LISTED FOR SALE

742 E Lee St Tucson, AZ 85719

North University Neighborhood
Studio
-- Bath
20,104 Sq Ft
1.48 Acres

Last Sold July 31, 2015

Last sale price $2,000,000 $99 Per Sq Ft

101 Days on Market

About This Home

As of July 2015

University Manor's 58 units serve the University of Arizona student housing market. 5 blocks from the University. All units refurbished. No differed maintenance. Property has extensive parking, high speed internet and sparkling pool. On site laundry facilities & leasing office.

Last Agent to Sell the Property

Tony Reed

Long Realty Company Listed on: 03/10/2015

Last Buyer's Agent

Jarrett Reidhead

Tucson Integrity Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,402

Year Built

  • Built in 1978

Lot Details

  • 1.48 Acre Lot

Home Design

  • 20,104 Sq Ft Home

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System

Listing and Financial Details

  • $20,402 special tax assessment

Community Details

Overview

  • University Home Addition Subdivision

Building Details

  • Insurance Expense $9,000
  • Maintenance Expense $21,985
  • Manager Expense $42,126
  • Professional Management Expense $13,827
  • Water Sewer Expense $46,449
  • Gross Income $312,072
  • Net Operating Income $153,749

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,402

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 In NW Cor & ExcW182.41
  • List Price per Sq Ft: 109.43
  • Miscellaneous Package Available: Yes
  • Unit Info Average Monthly Rent One Bedroom: 650.00
  • Unit Info Average Monthly Rent Studios: 454.00
  • Unit Info Number Of Units1 B R: 2
  • Unit Info Number Of Units Studios: 56
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Gross Sq Ft: 20104.00
  • Interior Steps: No

Exterior Features

  • Construction: Slump Block

Utilities

  • Water: City Water
  • Fire Protection: Included in Taxes
  • Main Cooling: Wall Unit(s)
  • Main Heating: Electric, Forced Air
  • Security: None
  • Sewer: Connected
  • Miscellaneous Master Elec Meter: No
  • Miscellaneous Master Gas Meter: No
  • Miscellaneous Master Water Meter: Yes

Condo/Co-op/Association

  • Community: None

Fee Information

  • Expenses Admin Expenses: 2399.00
  • Expenses Contract Services: 2135.00
  • Expenses Figures Presented: Proforma
  • Expenses Maintenance Supplies: 21985.00
  • Expenses Resident Manager: 42126.00
  • Expenses Taxes Assessments: 20402.00

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Lot Acres: 1.48
  • Lot Dimensions: Irregular
  • Lot Size Price Sq Ft: 34.06
  • Lot Sq Ft: 64585.00
  • Lot Sz Sold Prc Sq Ft: 30.97
  • Municipality Zoning: Tucson - O3

Building Info

  • Year Built: 1978

Tax Info

  • Tax Code: 123-15-101A
  • Taxes: 20402.00
  • Tax Year: 2014

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold 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 List to Sale Price per Sq Ft
07/31/2015 07/31/15 Sold $2,000,000 0.0% $99 / Sq Ft
07/01/2015 07/01/15 Pending -- -- --
03/10/2015 03/10/15 For Sale $2,000,000 -- $99 / Sq Ft
Source: MLS of Southern Arizona

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    Tony Reed

    Long Realty Company

  • J

    Buyer's Agent in 2015

    Jarrett Reidhead

    Tucson Integrity Realty, LLC

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 21507510

MLS of Southern Arizona
Arizona Pima County Tucson 85719 North University

742 E Lee St, Tucson, AZ

Not Listed for Sale

MultiFamily

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