1841 S Irving Ave
Tucson, AZ 85711
Olive Tree Apartments · Multifamily Property For Sale
·
20 Units
Property Facts
| No. Units | 20 | Building Size | 16,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1964/2018 |
| Building Class | C | Parking Ratio | 1.69/1,000 SF |
| Lot Size | 0.54 AC | ||
| Zoning | C-2, Tucson | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 16,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2018 |
| Parking Ratio | 1.69/1,000 SF |
| Zoning | C-2, Tucson |
Amenities
Unit Amenities
- Storage Space
- Refrigerator
- Range
- Walk-In Closets
Site Amenities
- Laundry Facilities
- Grill
About 1841 S IRVING AVE , TUCSON, AZ 85711
Olive Tree Apartments is a 20-unit multifamily community located in Tucson, Arizona. The property offers an excellent upside opportunity through interior renovations and increased rents. The average current rents are well below market at $500 per unit. The four units that have been remodeled with faux-wood vinyl flooring have rented for substantially more per unit. The exterior of the property was recently painted with an up-to-date color scheme. Built in 1964, the property consists of all two bedroom, one-bath rental units, which are individually metered. Each of the units feature walk-in closets, with “almost new” electric ranges/ovens. The property is conveniently located less than a mile from Davis-Monthan Air Force Base, with easy access to the Aviation Parkway in Tucson, Arizona. The expenses used in the pro forma are current actual expenses.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 20 | $537.50 | 790 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $74,047 |
Property Taxes
