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244 W Flores St
Tucson, AZ 85705
Multifamily Property For Sale
·
16 Units
Executive Summary
Equilibrium Realty is pleased to offer a completely re-developed 16 unit apartment complex located near the busy arterial of Oracle Road (Miracle Mile) in
Tucson. The property was re-developed from the structural walls outward - new 10 feet ceilings, new electric, new plumbing, new drywall, new lighting, new
counters, new fixtures and new flooring. The surrounding walls, sidewalks, parking lot, and access gates are also new. Property will be delivered with COOs for all
units. Strong investment upside with lease up.
Tucson. The property was re-developed from the structural walls outward - new 10 feet ceilings, new electric, new plumbing, new drywall, new lighting, new
counters, new fixtures and new flooring. The surrounding walls, sidewalks, parking lot, and access gates are also new. Property will be delivered with COOs for all
units. Strong investment upside with lease up.
Property Facts
| Price Per Unit | $120,313 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Cap Rate | 7.83% | Building Size | 7,556 SF |
| Gross Rent Multiplier | 8.24 | Average Occupancy | 0% |
| No. Units | 16 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | C-2 | ||
| Price Per Unit | $120,313 |
| Sale Type | Investment |
| Cap Rate | 7.83% |
| Gross Rent Multiplier | 8.24 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.41 AC |
| Building Size | 7,556 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built | 1950 |
| Opportunity Zone |
Yes |
| Zoning | C-2 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Washer/Dryer
- Heating
- Hardwood Floors
- Refrigerator
- Wi-Fi
- Double Pane Windows
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | $1,200 | 458 |
| 2+2 | 1 | $1,600 | 686 |
Property Taxes
| Parcel Number | 115-05-2420 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $24,880 |
Property Taxes
Parcel Number
115-05-2420
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$24,880
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