Tom Wolff Acquires 53-Unit Multifamily Property In Tucson, AZ For $6M
SOLD
$6,000,000
Arizona
See Similar DealsMultiFamily42,717 SF
Sold 12/29/2021
SOLD
Tom Wolff Acquires 53-Unit Multifamily Property In Tucson, AZ For $6M
1039 North Alamo Avenue, Tucson, Arizona 85711, United States
See Similar DealsMultiFamily42,717 SF
Sold 12/29/2021
Summary
ARIZONA
Asset Type:MultiFamily
Price Per Square Foot:$140
Total Square Footage:42,717 SF
Transaction Type:Sale
In a recent transaction in Tucson, AZ, a multifamily property located at 1039 N. Alamo Ave. has been sold. The property, consisting of 53 units, spans a total area of 42,717 square feet. The sale was facilitated by brokers Andy C. Kawatra and Sevak Keshishian from Marcus & Millichap. The transaction took place on December 29, 2021, with a sale price of $6,000,000, resulting in a price per unit of $113,207 and a price per square foot of $140.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Units: 53
- Price Per Unit: $113,207
- Total Square Footage: 42,717
- Price Per Square Foot: $140
- Address: 1039 N. Alamo Ave.
- Market: Tucson, AZ
- Buyer: Tom Wolff
- Seller: Linda Laking
- Brokers: Andy C. Kawatra & Sevak Keshishian - Marcus & Millichap
The successful sale of this multifamily property in Tucson reflects the expertise and negotiation skills of the brokers involved, Andy C. Kawatra and Sevak Keshishian. Their representation through Marcus & Millichap played a pivotal role in facilitating this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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