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2485 N Alvernon Way
Tucson, AZ 85712
La Promesa · Multifamily Property For Sale
·
40 Units
Property Facts
| No. Units | 40 | Lot Size | 0.75 AC |
| Property Type | Multifamily | Building Size | 33,741 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1997 |
| Building Class | B | Parking Ratio | 1.19/1,000 SF |
| Zoning | O-3 - Apartment | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.75 AC |
| Building Size | 33,741 SF |
| No. Stories | 2 |
| Year Built | 1997 |
| Parking Ratio | 1.19/1,000 SF |
| Zoning | O-3 - Apartment |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Site Amenities
- Fenced Lot
- Gated
About 2485 N ALVERNON WAY , TUCSON, AZ 85712
La Promesa Apartments offers an investor a unique opportunity to acquire 40 units built in 1997. The properties attractive unit mix of 20-Two Bedroom/One Bath units at 850 SF and 20- Three Bedroom/Two Bath units at 1,030 SF is the reason why this property has historically high occupancy. Each unit is equipped with a washer/dryer in the unit that is a rare find in the submarket. Rents are considerably under market due to the property previously being operated for a non-profit. The low income housing provision on the property expired end of 2017 making this primed for an investor to come in and raise rents significantly. Please call the listing agents to schedule tours and the call for offers date is February 28th, 2018.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 40 | - | - |
Property Taxes
| Parcel Number | 111-08-184B | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $104,447 |
Property Taxes
