1218 E Blacklidge Drive, Tucson, AZ 85719 (MLS# 21825274)


$3,200,000
1218 E Blacklidge Drive
Tucson, AZ 85719
MLS# 21825274
Status: Active Contingent
22217 sqft


1218 E Blacklidge Drive, Tucson, AZ 85719
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Property Description
Brand New Condo community consisting of 13 3-bed/3-bath Units in Central Tucson. Next to The UofA campus and would be perfect for student housing. All units will have granite countertops and stainless steel appliances, covered patios and 2 car garages, Laundry area in each unit. Separately metered utilities. Compare other New construction apartment rents which are selling out at twice as higher rents than on this pro forma. Easy to rent. Student housing rents per bedroom. Please call listing agents to view since under construction. Completion is estimated in FEB. Bring your 1031 exchange. Best opportunity in Tucson for this price. Interior Pictures shown are not of the completed project but are an indication of the finishes. New pictures will be uploaded once complete.

Details
Maps
Address Information
Street #: 1218
Direction: E
Street Name: Blacklidge
Suffix: Drive
State/Province: AZ
Zip Code: 85719
County: Pima
Country: USA
Location, Tax & Legal
Tax Code: 113-08-1060
Tax Year: 2017
Taxes: 3207.62
Taxes For: Only for Land
Legal Description: CATALINA POULTRY ACRES UNIT NO 2 LOT 18
Area: Central
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Contract Information
Current Price: $3,200,000
List Price: $3,200,000
Listing Date: 2018-09-18
Short Sale: No
Status Change Info
Status: Active Contingent
Showing Information
Directions: From Mountain & Glenn, North to Blacklidge, West to address.
General Property Information
Dwelling Type: Apartment
Construction Status: New Construction
# Units: 13
Total Parking: 52
Multi-Tenant: Yes
Year Built: 2018
Lot Dimensions: irregular
Lot Acres: 0.85
Lot Sqft: 36934
Lot Size Source: Assessor
Combined SqFt: 22217
Source of SqFt: Builder
List Price/SqFt: 144.03
Lot Size Price/SqFt: 86.64
Remarks & Misc
Geo Lat: 32.260758
Geo Lon: -110.953139
Income
Gross Scheduled Rent: 327600
Vacancy Loss: 16380
Adjusted Gross: 311220
Net Opp Income: 77036
Analysis
Cap Rate %: 8.08
Vacancy Rate %: 5
Expenses
Figures Presented: Proforma
Insurance: 15000
Management: 26208
Taxes/Assessments: 26000
Unit Information
Other: Student Housing
Apartment Unit Information
# of Units/3 BR: 13
Avg Mo Rent/3 BR: 1950
Electric
Electric Company: TEP
Property Features
Property Features: Interior Steps; Smoke Detector
Construction: Frame - Stucco
Roof: Tile
Fenced Storage: No
Main Cooling: AC Central
Main Heating: Forced Air - Elec
Water Heater: Electric
Gas: None
Sewer: Connected
Accessibility Option: None
Security: None
Fence: Block
Landscape - Front: Low Care
Landscape - Rear: Low Care
Road Type: Paved
Traffic Count: Unknown
Terms: Cash; Conventional
Possession: See Remarks

Listing Office: Keller Williams Southern Arizona

Last Updated: May - 14 - 2019

Information deemed reliable but not guaranteed.

Monday 20th of May 2019 02:25 AM