Historical Multifamily Sale Listing - Thurber Apartments

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Thurber Apartments

557 W. Thurber Road, Tucson, CA 85705

N/A

36 Units | Multifamily

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Thurber Apartments

Multifamily Property - Off Market

Price:
N/A
No. Units:
36
Building Size:
22,916 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
3.1%
Cap Rate:
10.14%
Gross Rent Multiplier:
4.70
No. Stories:
2
Year Built:
1984
Lot Size:
43,557 SF
APN / Parcel ID:
106-05-1080
Parking Ratio:
36 / 1,000 SF
Listing ID
18399620
Last Updated
186 days ago

Highlights

  • Located In A Major Employment Corridor
  • On and Off-Site Management In Place
  • Newer Contruction
  • Building Has Gone Through A Major Renovation
  • Good Cash Flow, CAP Rate and Rate of Return
  • Tucson Is A Business Friendly City With No Rent Control

Description

36 unit westside apartment building that is 94% occuplied. The building is located near Prince and Oracle which is within walking distances to a major commercial corridor, shopping mall, trade school, and park. The building has an excellent unit mix with 26 two bedroom one bath and 10 one bedrooms one bath apartments. They city records show the building was built in 1984. The current ownership has invested over $300,000 in upgrades to the property in the last 20 months. The property has a very good on-site and local off-site management team in place that handle all aspects of runing this business. With a 50% downpayment the current ownership is willing carry the mortgage interest only for 1 year. This will allow an easy transfer of ownership.

557 W. Thurber Road, Tucson, Arizona 85705. The closests intersection is Prince and Oracle which is a major employment corridor.

Map of 557 W. Thurber Road, Tucson, CA 85705

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Created 10/13/2013