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PARK VILLAGE APARTMENTS TUCSON
5290 S. Park Avenue, Tucson, AZ 85706
$2,499,000
60
32,388 SF
$41,650
Multifamily
Garden/Low-Rise
Investment
8%
100%
2
1985
1.84 AC
-
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Last Verified 2/20/2010
Listing ID 16103795
Highlights
CAP Rate 8.0%- New Residential & Commercial Development nearby
- Convenient to Tucson International Airport
- Approx. 6 miles to University of Arizona
- 100% Occupancy!
- Great Investment VALUE!
Description
Stable Historic Asset! 96% Occupancy! Built in 1985, Park Village is a 60-unit apartment complex featuring 36 one-bedroom and 24 two-bedroom units in 3 two-story, attractive garden style buildings, large swimming pool & court yard, BBQ, laundry, security and more. Addditionally, units are individually metered for electricity.
Priced at $45,000 per unit, the property offers an investor a stabilized investment with unexploited opportunities to increase revenue and VALUE appreciation. Great Investment Opportunity! GO!!!
According to Pima County statistics, the Tucson population is slightly over 1,000,000 and continues to be one of the fastest growing cities in the U.S. luring foreigners from all around the world, specifically, due to the ideal climate of virtually 360 days of sunshine all year round.
Furthermore, new residential single-family development being built nearby. In addition, the Tucson International Airport is within close proximity and Interstate 10 is just to the NE, the aforementioned property is conveniently located to all local area attractions of Tucson, including the rapidly expanding beautifully Historic Downtown and The University of Arizona.
DRIVE BY ONLY...PLEASE DO NOT DISTURB OCCUPANTS. INSPECTION SUBJECT TO ACCEPTED OFFER.
Proforma
2008
$329,813
$303,426
$105,359
$198,067
| Description | No. Units | Avg. Mo. Rent | Sq. Ft. |
|---|
| One Bedroom One Bath | 36 | $449 | 455 |
| Two bedroom One Bath | 24 | $549 | 670 |
Map of 5290 S. Park Avenue, Tucson, AZ 85706 (Pima County)
Created 2/13/2009
TUCSON HACIENDATucson, AZ
$1,940,000
18,200 SF
OASIS MOTEL TUCSONTucson, AZ
$1,899,000
17,162 SF
ROGER ROAD FOUR 4-PLEXESTucson, AZ
$1,580,000
14,552 SF
Additional Information for 5290 S Park Avenue, Tucson, AZ 85706
- Active For Sale - 1 Listing
- Active For Lease - 0 Listing
- Previously Listed - 3 Historic Listings
- Sales Comparables Available - 2 RecentSales Records
View property record information for 5290 S Park Avenue - view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.