Log In/Sign Up
Your email has been sent.
Verrano Park 6850 E Golf Links Rd 92 Unit Apartment Building For Sale Tucson, AZ 85730
INVESTMENT HIGHLIGHTS
- 51% of the units and the leasing office have been beautifully renovated.
- Peaceful, park-like environment with mature trees, lush landscaping, sparkling pool, lounge seating, covered picnic areas and BBQs.
- Opportunity to renovate the remaining 54 classic units, potentially increasing cap rate to 7% following rent adjustments.
- Within proximity to Downtown Tucson, the University of Arizona, Davis-Monthan Airforce base, Raytheon, and St. Joseph's Hospital.
EXECUTIVE SUMMARY
92-unit apartment community with a two-story garden style layout.51% of the units have been beautifully renovated. Verrano Park is an ideal investment for the prudent investor. This two-story, garden-style community is 96% occupied and offers a peaceful, tranquil atmosphere—a lush oasis in the desert. It recently underwent a beautiful renovation, with 51% of the units and the leasing office upgraded. There is an excellent opportunity for steady income and additional upside potential by completing renovations on the remaining 45 classic units, with rent premiums budgeted at $150 per unit—bringing the cap rate into the 7% range. This infill location is surrounded by major employers, including Davis-Monthan Air Force Base (1.9 miles, 11,000 employees), Raytheon (8.6 miles, 12,000 employees), and St. Joseph’s Hospital (3.2 miles). Tucson is a growing center for medical, research, and high-tech industries, as well as a key hub for aerospace and defense. In recent years, Downtown Tucson and the University of Arizona—a Tier 1 research university—have experienced tremendous growth. Both are located approximately 8.4 miles from Verrano Park.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 2.47 AC |
| No. Units | 92 | Building Size | 49,147 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1980/2019 |
| Building Class | B | Parking Ratio | 2.49/1,000 SF |
| Zoning | O-3, Tucson - O-3, Tucson | ||
| Sale Type | Investment |
| No. Units | 92 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.47 AC |
| Building Size | 49,147 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2019 |
| Parking Ratio | 2.49/1,000 SF |
| Zoning | O-3, Tucson - O-3, Tucson |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Fireplace
- Microwave
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Patio
- Window Coverings
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Spa
- Basketball Court
- Grill
- Laundry Service
- Package Service
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 44 | - | 375 |
| 1+1 | 40 | - | 440 |
| 2+1 | 8 | - | 660 |
1 1
PROPERTY TAXES
| Parcel Number | 136-24-228D | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $191,277 |
PROPERTY TAXES
Parcel Number
136-24-228D
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$191,277
1 of 27
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Verrano Park | 6850 E Golf Links Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.