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4440-4550 E 29th St
Tucson, AZ 85711
Pine Tree Village Apartments · Multifamily Property For Sale
·
88 Units
PROPERTY FACTS
| No. Units | 88 | Building Size | 64,000 SF |
| Property Type | Multifamily | Average Occupancy | 53% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1979 |
| Building Class | C | Parking Ratio | 3.13/1,000 SF |
| Lot Size | 2.97 AC | ||
| Zoning | R-3, Tucson | ||
| No. Units | 88 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.97 AC |
| Building Size | 64,000 SF |
| Average Occupancy | 53% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 3.13/1,000 SF |
| Zoning | R-3, Tucson |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Patio
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
ABOUT 4440-4550 E 29TH ST , TUCSON, AZ 85711
The Pine Tree Village Apartments were built in '79 and consist of 12, Two-story rental buildings constructed of wood frame and stucco with flat roofs situated on a 3.04-acre parcel. The property features 56 two-bedroom/one-bath units about 750/ft. and 32 one-bedroom/one-bath units that are about 500/ft. Each unit is individually metered for electricity with individual hot water heaters. Unit interiors feature air conditioning in some, large closets and all electric kitchens equipped with range/oven and refrigerator. They all have patios and balconies while residents have an on-site laundry facility and ample parking. Pine Tree Village is situated on the south side of 29th street between Alvernon and Swan Road. Both Swan and Alvernon are major streets. The Davis-Monthan Air Force Base is located less than a mile away. In addition, neighborhood conveniences and services are located near the property, including the El Con Center Mall, which has numerous dining options and is home to Century 20 El Con and XD Movie Theater. Pine Tree Village’s location provides convenient access to Tucson employment, schools, parks and recreation. Income - $426,000/yr. Inc. Rents @ 35k/mo. self reported = $420,000/yr. + $6,000/yr. additional for the Laundry Room = $426,000 Expenses - $182,479 or $204,479 Including Reserves _________________________ Insurance - $12,000/yr. Utilities - $60,000/yr. (owner pays water only while renters pay the electric) Tax - $40,879/yr. Maintenance & Cleaning - $36,000/yr. (3k/mo.) Mgt. - 0 Self Mng'd or *$33,600 with 8% factored for Mgt. Two on site pools one is being filled and then turned into an on site office Two on site laundry rooms but one has been closed and turned into a storage unit. The laundry room is said to generate $500/mo. of profit. AC- yes on bottom units, swamp coolers or window units at top are going to mini splits Private Fenced Yards - No only patio's and balcony's Covered parking - No Size- 750/ft. for 2/1's and 450-500/ft. for the 1/1's
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 32 | $575.00 | 488 |
| 2+1 | 56 | $575.00 | 646 |
PROPERTY TAXES
| Parcel Number | 130-19-001A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $346,753 |
PROPERTY TAXES
