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41-51 W Delano Street

Tucson, AZ 85705
  • $3,100,000
  • STATUS: Active
  • ID#: 22414630
UPDATED: 121 min ago
$3,100,000
  • 0
    BEDS
  • 1.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 18,824
    SQFT
  • $165
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1985
County:
Area:

School Ratings & Info

Courtesy of Realty Executives Arizona Territory.

Description

Value-add 29-unit apartment complex opportunity! This property has an excellent unit mix that boastsspacious units that are as follows: 5 charming Casitas with covered parking, yards and laundry hook ups. 8 Studios units, 8- 1 bed, 1-bathunits, 8, 2 bed 2 bath units make up the remainder. Second floor units all have vaulted ceilings with plenty of natural light. Located in a highlydesirable central location with easy access to public transportation, grocery stores, schools, the University of Arizona and Pima CommunityCollege. Current rents are about $23,000 a month with considerable room for increases.

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MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2024-07-18T18:07:11.803.
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Tucson Property Executives are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
www.tucsonproperty.com/homes/151566664
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41-51 W Delano Street Tucson, AZ 85705

  • Price: $3,100,000
  • Status: Active
  • On Site: Days
  • Updated: 121 min ago
  • ID#: 22414630
0
Beds
0
Baths
0
½ Baths
1.22
Acres
18,824
SQFT
$165
$/SQFT
1985
Built
Neighborhood:
Central
County:
Pima
Area:
Central
Property Description
Value-add 29-unit apartment complex opportunity! This property has an excellent unit mix that boastsspacious units that are as follows: 5 charming Casitas with covered parking, yards and laundry hook ups. 8 Studios units, 8- 1 bed, 1-bathunits, 8, 2 bed 2 bath units make up the remainder. Second floor units all have vaulted ceilings with plenty of natural light. Located in a highlydesirable central location with easy access to public transportation, grocery stores, schools, the University of Arizona and Pima CommunityCollege. Current rents are about $23,000 a month with considerable room for increases.
Exterior Features

Construction Frame - Stucco Fence Wood Landscape Front Graded Landscape Rear Natural Desert Parking Free Road Type Paved Roof Built-Up - ReflectShingle

Interior Features

Main Cooling Central AirEvaporative Cooling Main Heating Forced AirNatural Gas Water Heater ElectricNatural Gas

Property Features

Accessibility Option None Analysis Cap Rate Percent 7.55 Assessments 0.00 Country USA Electric Electric Company TEP Expenses Figures Presented Proforma Fire Protection Included in Taxes Freeway Highway 1.1 - 2 Miles Gas Natural Income Adjusted Gross 360360.00 Income Gross Scheduled Rent 342960.00 Income Net Opp Income 234324.00 Income Other Income 17400.00 Lot Dimensions 222x240 Lot Features East/West Exposure Lot Sqft 53143.00 Municipality Zoning Pima County - CR2 Property Sub Type Apartment Security None Sewer Connected Short Sale No Source Of Sqft Assessor Tax Year 2023 Taxes 17086.76 Terms CashConventional

Listing provided by Realty Executives Arizona Territory: (520) 877-4940. Listing information © 2024 MLS of Southern Arizona.


MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2024-07-18T18:07:11.803.
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Tucson Property Executives are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
 
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Tucson Property Executives
180 W Magee Rd #110
Tucson AZ, 85704
Courtesy of Realty Executives Arizona Territory.