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GlennStar & Stonewood
133 E. Glenn St. & 2621 N. Estrella Ave., Tucson, AZ 85705
36 Units | Multifamily
Multifamily Property For Sale
- No. Units:
- Building Size:
- 42,700 SF
- Property Type:
- Property Sub-type:
- Property Use Type:
- No. Stories:
- Year Built:
- Lot Size:
- 2.47 AC
- APN / Parcel ID:
- Listing ID
- Last Updated
- 17 days ago
- Please visit the team website to execute the confidentiality agreement for a full marketing package
- Newer construction
- Purpose built student housing
- Good unit mix - large three and four bedroom units
- Washer/Dryer in select units
- Two miles north of University of Arizona
GlennStar is a two-story apartment community built in 1999, comprising 12 rental units. The unit mix is approximately 67% three-bedroom and 33% four-bedroom units. Stonewood is a two-story apartment community built in 2001, comprising 24 rental units. The unit mix consists entirely of four-bedroom units. Both properties are constructed of wood and painted stucco, with pitched composition shingle roofs. GlennStar has 33 uncovered parking spaces and Stonewood has 83 uncovered parking spaces. Units feature polished concrete floors, washers/dryers, garbage disposals and dishwashers. Both properties have private fenced yards. GlennStar and Stonewood are one block apart in distance. Renting the units per room will greatly increase rental potential and mitigate operating costs. A separate leasing office is located at GlennStar and is used for both properties.
Heating and cooling are provided by individual ground-mounted air conditioning units. The utility costs associated with heating and cooling are the responsibility of the tenant. The properties are individually-metered for electricity, and the costs associated with usage inside the dwelling units are paid by the tenants.
GlennStar Apartments is located at 133 East Glenn Street in Tucson, Arizona. The property has wide frontage along Glenn Street, a neighborhood east-west thoroughfare. Stonewood Apartments is located at 2621 North Estrella Avenue. The property is located just east of Stone Avenue, a major north-south thoroughfare running through Tucson, Arizona. Stonewood is situated one block southeast of GlennStar.
Tenants of GlennStar and Stonewood are conveniently located two miles north of the University of Arizona. The subject properties were initially built for student housing. Improving the common areas of the properties and a marketing campaign geared to students will drive this as a successful repositioning effort.
GlennStar and Stonewood are in proximity to several educational institutions, retail centers, and hospitals. A Fry' s Food-anchored neighborhood shopping center is located one mile south of the subject properties. An abundance of employment generators and retailers can be found three miles north of the properties off of Oracle Road, including Target, Home Depot, Lowe' s, Sport' s Authority and CVS Pharmacy. Car dealerships, and restaurants are three miles north.
|Description||No. Units||Sq. Ft.|
|3 Bedroom / 3 Bath||8||1,015|
|4 Bedroom / 3 Bath||4||1,235|
|4 Bedroom / 3 Bath||24||1,235|
Map of 133 E. Glenn St. & 2621 N. Estrella Ave., Tucson, AZ 85705 (Pima County)
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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. TB-BSO
GlennStar & Stonewood
- 36 Units
- 42,700 SF