This Multifamily Property is Off-Market.

302-303 W. Flores Street
Tucson, AZ 85705 ·

28 Units · Multifamily For Sale

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SILVER SADDLE APARTMENTS

Price N/A Cap Rate 11.18%
No. Units 28 Occupancy 100%
Building Size 10,532 SF No. Stories 1
Property Type Multifamily Year Built 1948
Property Sub-type Garden/Low-Rise Lot Size 0.80 SF
Property Use Type Investment Parking Ratio 2 / 1,000 SF
Listing ID: 15646913 Date Created: 04/03/2008 Last Updated: 11/12/2009

Description

Great Income Asset! The Silver Saddle Apartments yields great cash flows with a solid 11% CAP rate. Additionally, the buildings are concretely built comprised of 28 units (two 14-unit tax parcels) with swimming pool & courtyard, laundry, and cable TV. 100% Occupancy. Great Investment Opportunity! GO!

Central Tucson location near two highly actively transportation corridors, Speedway Boulevard and Stone Avenue. DRIVE BY ONLY...PLS DO NOT DISTURB TENANTS. INSPECTION SUBJECT TO ACCEPTED OFFER. CALL AMA AMMON FOR DETAILS.

Highlights

  • CAP Rate 11.18%
  • Cash On Cash 26.33%
  • Gross Rents Multiplier 5.44
  • Minutes within Beautifully Historic Downtown Tucson
  • GREAT Cash Flows!
  • Great Investment Opportunity!

Research

302-303 W. Flores Street, Tucson, AZ 85705 (Pima County)

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