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219 W Fort Lowell Rd
Tucson, AZ 85705
The Phoenix on Lowell · Multifamily Property For Sale
·
38 Units
Property Facts
| No. Units | 38 | Building Size | 17,784 SF |
| Property Type | Multifamily | Average Occupancy | 89% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1985 |
| Building Class | C | Parking Ratio | 3.37/1,000 SF |
| Lot Size | 1.00 AC | ||
| Zoning | C-2 & O-3, Tucson | ||
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 17,784 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 3.37/1,000 SF |
| Zoning | C-2 & O-3, Tucson |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Ceiling Fans
- Refrigerator
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Picnic Area
- Grill
About 219 W FORT LOWELL RD , TUCSON, AZ 85705
Having been purchased out of foreclosure in 2012, Westview Apartments has undergone a tremendous amount of renovation over the past several years. Including replacement of all plumbing, roof replacement,exterior trim painting,resurfacing of the entire parking lot, and interior unit replacements including all flooring. During this time, property performance and occupancy(now currently and consistently at 90%) has improved tremendously. There is opportunity still however to do a whole lot more. Current asking rents are significantly below market value and there is opportunity to increase rents and/or reduce monthly concessions upon lease renewal for a vast majority of existing residents. Further opportunity of undergoing unit upgrades (kitchen and bath) in order to possibly garner a higher rent than current market rates for 1 Br units in the area ($550/mo.).This property consists of 38 units (All 1 bedroom).
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 38 | - | 468 |
Property Taxes
| Parcel Number | 107-11-1200 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $85,517 |
Property Taxes
