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50 W King Road

Tucson, AZ 85705
  • $2,795,000
  • STATUS: Active
  • ID#: 22410409
$2,795,000
  • 0
    BEDS
  • 1.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,040
    SQFT
  • $232
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1971
County:
Area:

School Ratings & Info

Courtesy of Keller Williams Arizona Realty.

Description

Twin Palms Apartments is a 20 Unit Gated Community which underwent a Full Renovation in 2019. Upon Completion, it was Loaded with Upgrades Including: New Granite Countertops, Stainless Steel Appliances, Polished Concrete Floors, Light & Bright Baths with Subway Tile and Quality Finishes Throughout the Units. The property is Centrally Located with an Easy Commute to the U of A, Downtown and/or Central Tucson, NW Tucson, Tucson Mall, Entertainment, Amazing Restaurants, Shopping, Services and Transportation. The property is Double Walled, Gated, Well Lit and has Seller Owned Laundry Equipment in a building that not only includes the laundry but also offers Secure Individual Storage for the tenants. The Secure Storage could bring in additional Revenue for the New Owner!....more

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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: 2024-05-26T22:07:03.82.
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/149922465
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50 W King Road Tucson, AZ 85705

  • Price: $2,795,000
  • Status: Active
  • On Site: Days
  • ID#: 22410409
0
Beds
0
Baths
0
½ Baths
1.4
Acres
12,040
SQFT
$232
$/SQFT
1971
Built
Neighborhood:
Central
County:
Pima
Area:
Central
Property Description
Twin Palms Apartments is a 20 Unit Gated Community which underwent a Full Renovation in 2019. Upon Completion, it was Loaded with Upgrades Including: New Granite Countertops, Stainless Steel Appliances, Polished Concrete Floors, Light & Bright Baths with Subway Tile and Quality Finishes Throughout the Units. The property is Centrally Located with an Easy Commute to the U of A, Downtown and/or Central Tucson, NW Tucson, Tucson Mall, Entertainment, Amazing Restaurants, Shopping, Services and Transportation. The property is Double Walled, Gated, Well Lit and has Seller Owned Laundry Equipment in a building that not only includes the laundry but also offers Secure Individual Storage for the tenants. The Secure Storage could bring in additional Revenue for the New Owner!....more
Exterior Features

Construction Slump Block Fence Chain LinkSlump Block Landscape Front Decorative GravelNatural Desert Landscape Rear Decorative GravelNatural Desert Road Type Paved Roof Built-UpShingle

Interior Features

Main Cooling Ceiling Fan(s)Central Air Main Heating Natural Gas Water Heater Natural Gas

Property Features

Analysis Cap Rate Percent 5.15 Analysis Gross Rent Multi 13.44 Analysis Vacancy Rate Percent 5.00 Assessments 98755.00 Country USA Electric Electric Company Tucson Electric Pwr Expenses Admin Expenses 3500.00 Expenses Contract Services 4000.00 Expenses Figures Presented Proforma Expenses Insurance 4000.00 Expenses Maintenance Supplies 11000.00 Expenses Management 16997.00 Expenses Other Expenses 11000.00 Expenses Taxes Assessments 8462.00 Expenses Water Sewer 12000.00 Fema Flood Zone No Fire Protection Included in Taxes Gas Natural Income Adjusted Gross 221400.00 Income Gross Scheduled Rent 228000.00 Income Net Opp Income 232800.00 Income Other Income 4800.00 Income Vacancy Loss 11400.00 Lot Dimensions 163 x 368 x 164 x 369 Lot Sqft 61071.00 Municipal Flood Zone No Municipality Zoning Tucson - 02 Property Disclosures Seller Prop Disclosure Property Sub Type Apartment Sewer Connected Short Sale No Source Of Sqft Assessor Tax Year 2023 Taxes 8462.25 Terms CashConventional Total Parking 30 Water City

Listing provided by Keller Williams Arizona Realty: (480) 767-3000. 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: 2024-05-26T22:07:03.82.
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 Keller Williams Arizona Realty.