This Multifamily Property is Off-Market.

557 W. Thurber Road
Tucson, CA 85705 ·

36 Units · Multifamily For Sale

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Thurber Apartments

Price N/A Cap Rate 10.14%
No. Units 36 Gross Rent Multiplier 4.70
Building Size 22,916 SF No. Stories 2
Property Type Multifamily Year Built 1984
Property Sub-type Garden/Low-Rise Lot Size 43,557 SF
Property Use Type Investment APN / Parcel ID 106-05-1080
Commission Split 3.1% Parking Ratio 36 / 1,000 SF
Listing ID: 18399620 Date Created: 10/13/2013 Last Updated: 01/24/2014

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.

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

Research

557 W. Thurber Road, Tucson, CA 85705

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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