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425 W Paseo Redondo - Redondo Tower - 12 Condos (entire floor) 593 - 1,186 SF Flex Condo Units Offered at $157,867 - $315,733 Per Unit in Tucson, AZ 85701
INVESTMENT HIGHLIGHTS
- Entire Second Floor of 12 Condos within High Rise Property in Downtown Tucson
EXECUTIVE SUMMARY
Equilibrium Realty is pleased to offer twelve (12) residential condominium units located on the second floor of the Redondo Tower condominium property. This is a unique opportunity for an investor to own and operate an entire floor of freshly renovated condominium units within the ninety six (96) condominium property. Investor may also "pool" the units with other investors on the same floor to share rental income and expenses. May self manage or hire third party property manager, or take off-line to enjoy as winter visitor unit, or any combination thereof. Property is full of amenities (parking, storage, pool, fitness center, meeting rooms, secure access, wonderful views) and is located walking distance to the heart of downtown Tucson, including bars, restaurants, museums, events, entertainment, etc. This is a limited offering as most of the building will be owned by first and second time home buyers.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
PROPERTY FACTS
| Total Building Size | 94,252 SF | Typical Floor Size | 10,472 SF |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Lot Size | 1.60 AC |
| Building Class | B | Parking Ratio | 1.06/1,000 SF |
| Floors | 9 | Opportunity Zone |
Yes
|
| Zoning | R-5, Tucson - medium-high density office and multiple-family residential zoned property | ||
| Total Building Size | 94,252 SF |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 9 |
| Typical Floor Size | 10,472 SF |
| Year Built | 1961 |
| Lot Size | 1.60 AC |
| Parking Ratio | 1.06/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-5, Tucson - medium-high density office and multiple-family residential zoned property |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Storage Space
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Tub/Shower
- Views
- Carpet
- Built-In Bookshelves
- Dining Room
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Pool
- Property Manager on Site
- Corporate Suites
- Gas Range
- Package Service
- Pet Play Area
- Planned Social Activities
- Recycling
- Storage Space
- Elevator
- Maintenance on site
12 UNITS AVAILABLE
Unit 2A
| Unit Size | 1,186 SF | Condo Use | Flex |
| Price | $315,733 | Sale Type | Investment |
| Price Per SF | $266.22 | No. Parking Spaces | 1 |
| Unit Size | 1,186 SF |
| Price | $315,733 |
| Price Per SF | $266.22 |
| Condo Use | Flex |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
Unit 2B
| Unit Size | 1,186 SF | Condo Use | Flex |
| Price | $315,733 | Sale Type | Investment |
| Price Per SF | $266.22 | No. Parking Spaces | 1 |
| Unit Size | 1,186 SF |
| Price | $315,733 |
| Price Per SF | $266.22 |
| Condo Use | Flex |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
DESCRIPTION
Fully Renovated Two Bed Two Bath Unit with View of Santa Catalina Mountains
Unit 2C
| Unit Size | 1,186 SF | Condo Use | Flex |
| Price | $315,733 | Sale Type | Investment |
| Price Per SF | $266.22 | No. Parking Spaces | 1 |
| Unit Size | 1,186 SF |
| Price | $315,733 |
| Price Per SF | $266.22 |
| Condo Use | Flex |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
DESCRIPTION
Fully Renovated Two Bed Two Bath Unit with View of Santa Catalina Mountains
Unit 2D
| Unit Size | 1,186 SF | Condo Use | Flex |
| Price | $315,733 | Sale Type | Investment |
| Price Per SF | $266.22 | No. Parking Spaces | 1 |
| Unit Size | 1,186 SF |
| Price | $315,733 |
| Price Per SF | $266.22 |
| Condo Use | Flex |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
DESCRIPTION
Fully Renovated Two Bed Two Bath Unit with View of Santa Catalina Mountains
Unit 2E
| Unit Size | 1,186 SF | Condo Use | Flex |
| Price | $315,733 | Sale Type | Investment |
| Price Per SF | $266.22 | No. Parking Spaces | 1 |
| Unit Size | 1,186 SF |
| Price | $315,733 |
| Price Per SF | $266.22 |
| Condo Use | Flex |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
DESCRIPTION
Fully Renovated Two Bed Two Bath Unit with View of Santa Catalina Mountains
Unit 2F
| Unit Size | 890 SF | Condo Use | Flex |
| Price | $236,933 | Sale Type | Investment |
| Price Per SF | $266.22 | No. Parking Spaces | 1 |
| Unit Size | 890 SF |
| Price | $236,933 |
| Price Per SF | $266.22 |
| Condo Use | Flex |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
DESCRIPTION
Fully Renovated One Bed One Bath Unit with View of A Mountain
Unit 2G
| Unit Size | 890 SF | Condo Use | Flex |
| Price | $236,933 | Sale Type | Investment |
| Price Per SF | $266.22 | No. Parking Spaces | 1 |
| Unit Size | 890 SF |
| Price | $236,933 |
| Price Per SF | $266.22 |
| Condo Use | Flex |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
DESCRIPTION
Fully Renovated One Bed One Bath Unit with View of A Mountain
Unit 2H
| Unit Size | 593 SF | Condo Use | Flex |
| Price | $157,867 | Sale Type | Investment |
| Price Per SF | $266.22 | No. Parking Spaces | 1 |
| Unit Size | 593 SF |
| Price | $157,867 |
| Price Per SF | $266.22 |
| Condo Use | Flex |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
DESCRIPTION
Fully Renovated Studio Unit with View of A Mountain
Unit 2I
| Unit Size | 593 SF | Condo Use | Flex |
| Price | $157,867 | Sale Type | Investment |
| Price Per SF | $266.22 | No. Parking Spaces | 1 |
| Unit Size | 593 SF |
| Price | $157,867 |
| Price Per SF | $266.22 |
| Condo Use | Flex |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
DESCRIPTION
Fully Renovated One Bed One Bath Unit with View of A Mountain
Unit 2J
| Unit Size | 593 SF | Condo Use | Flex |
| Price | $157,867 | Sale Type | Investment |
| Price Per SF | $266.22 | No. Parking Spaces | 1 |
| Unit Size | 593 SF |
| Price | $157,867 |
| Price Per SF | $266.22 |
| Condo Use | Flex |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
DESCRIPTION
Fully Renovated Studio Unit with City Views
Unit 2K
| Unit Size | 890 SF | Condo Use | Flex |
| Price | $236,933 | Sale Type | Investment |
| Price Per SF | $266.22 | No. Parking Spaces | 1 |
| Unit Size | 890 SF |
| Price | $236,933 |
| Price Per SF | $266.22 |
| Condo Use | Flex |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
DESCRIPTION
Fully Renovated One Bed One Bath Unit with City Views
Unit 2L
| Unit Size | 890 SF | Condo Use | Flex |
| Price | $236,933 | Sale Type | Investment |
| Price Per SF | $266.22 | No. Parking Spaces | 1 |
| Unit Size | 890 SF |
| Price | $236,933 |
| Price Per SF | $266.22 |
| Condo Use | Flex |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
DESCRIPTION
Fully Renovated One Bed One Bath Unit with City Views
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | $1,375 | 593 |
| 1+1 | 4 | $1,600 | 890 |
| 2+2 | 5 | $1,950 | 1,186 |
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425 W Paseo Redondo - Redondo Tower - 12 Condos (entire floor)
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