Listing ID6303631
Price$1,880,000
StatusActive
CountyMaricopa
SubdivisionSURPRIZE AMD
Year Built1974
Property TypeMultifamily Residential
Property Sub Type5 - 12 Units
Tara Lane Apartments is a 11 unit apartment community located in Surprise, Arizona. The property was built in three phases 1969, 1976 & 1985 and is situated on approximately 0.54 acres. Construction consists of brick and stucco. All units (except units E & H) are individually metered for Electric. All units (except units A, E & H) are individually metered for Water. Sewer and Trash are included in the monthly rent and paid by owner. The unit mix consists of (1) Studio, (2) 1 Bed/1 Bath units, (2) 2 Bed/1 Bath units and (6) 3 Bed/2 Bath units. Floor plans range from approximately 350 Sq. Ft. to 1,150 Sq. Ft. Tara Lane is landscaped with mature trees, desert plants and rock-scape. The Community offers assigned parking for each unit, washer/dryer hook ups and gated entry. DRIVE-BY ONLY!
County
Maricopa
Property Sub Type
5 - 12 Units
Property Type
Multifamily Residential
Subdivision
SURPRIZE AMD
Year Built
1974
Zoning
SHD-RO
1 Bedroom Units
2
1 Bedroom Units: Average SqFt
525
1 Bedroom Units: Number of Baths
1
2 Bedroom Units
2
2 Bedroom Units: Average SqFt
650
2 Bedroom Units: Number of Baths
2
3 Bedrooms Units
6
3 Bedrooms Units: Average SqFt
1150
3 Bedrooms Units: Number of Baths
2
Appliances Included
Disposal, F/S Oven/Range, Refrigerator, W/D Hookup
Average SqFt
350
Baths
1
Cooling
Electric, Individual
Efficiency Units
1
Floors
Ceramic Tile
Heating
Electric, Individual
Interior Amenities
Unfurnished
Total Units
11
Construction
Block, Brick
Exterior Amenities
Desert Landscaping, Fenced, Patio/Balcony
Exterior Finish
Stucco
Lot Size Dimensions
na
Parking
Assigned
Roads/Streets
Concrete, Sidewalk(s)
Roofing
Comp Shingle
Total Parking Spaces
25
Country
USA
Cross Street
Dysart Rd & Grand Ave
High School District Number
089 - Dysart Unified District
Lot Number
66
Map Code/Grid
L29
Range
1W
School District
089 - Dysart Unified District
Section
2
Township
3N
Community Amenities
No Pool
Electric
APS
Entry Timestamp
2021-10-06T16:26:21+00:00
Gas
None
Marketing Name
Tara Lane Apartments
Owner Association
No
Sewer
Sewer - Public
Water
City Franchise
1 Bedroom Units: Average Rent
825
2 Bedroom Units: Average Rent
725
3 Bedrooms Units: Average Rent
1000
Adjusted Gross Income
113340
Annual Other Expense
23449
Average Rent
500
Contingency Type
No
Financial Data Source
Projected Proforma, Provided by Owner
Gross Annual Scheduled Income
113340
Net Operating Income
87449
New Financing
1031 Exchange, Conventional
Operating Expense
25891
Owner Pays
Other, See Remarks
Sale Includes
Land & Building, Personal Property
Tax Municipality
Surprise
Taxes
2442
Tenant Pays
Other (See Remarks)
Contact - Listing ID 6303631
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
