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2614 N Los Altos Avenue

Tucson, AZ 85705
  • $1,275,000
  • STATUS: Active
  • ID#: 22222547
UPDATED: 49 min ago
$1,275,000
  • 0
    BEDS
  • 0.94
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,752
    SQFT
  • $268
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1950
County:
Area:

School Ratings & Info

Courtesy of Joseph Bernard Investment Re.

Description

The 2614 Apartments is a 9-unit garden style apartment community in NW Tucson. This quiet location is just 2 miles away from the University of Arizona. The property consists of 8, 1-bedroom and 1, 3-bedroom standalone units. All units have been recently renovated. The units are individually metered and have a designated parking place. The new owner will be able to increase cash flow by raising rents to market and implementing RUBS. The property has space in the back where additional units could be built with city approval. The Tucson market is rated the #1 rental market in the United States for 2022 with a projected 14.2% rent growth and only a 1.9% vacancy.

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MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2022 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2022-09-25T23:07:12.427.
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than The Local Real Estate Group | Realty Executives are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
www.thelocalrealestategroup.com/homes/132511600
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2614 N Los Altos Avenue Tucson, AZ 85705

  • Price: $1,275,000
  • Status: Active
  • On Site: Days
  • Updated: 49 min ago
  • ID#: 22222547
0
Beds
0
Baths
0
½ Baths
0.94
Acres
4,752
SQFT
$268
$/SQFT
1950
Built
Neighborhood:
Central
County:
Pima
Area:
Central
Property Description
The 2614 Apartments is a 9-unit garden style apartment community in NW Tucson. This quiet location is just 2 miles away from the University of Arizona. The property consists of 8, 1-bedroom and 1, 3-bedroom standalone units. All units have been recently renovated. The units are individually metered and have a designated parking place. The new owner will be able to increase cash flow by raising rents to market and implementing RUBS. The property has space in the back where additional units could be built with city approval. The Tucson market is rated the #1 rental market in the United States for 2022 with a projected 14.2% rent growth and only a 1.9% vacancy.
Exterior Features

Construction Concrete Block Fence BlockChain LinkWood Parking Private Parking Road Type Gravel Roof Rolled

Interior Features

Main Cooling Ceiling Fan(S)Wall Unit(S) Main Heating Wall Water Heater Natural Gas

Property Features

Analysis Cap Rate Percent 5.08 Analysis Gross Rent Multi 14.01 Analysis Vacancy Rate Percent 5.00 Assessments 0.00 Country Usa Fire Protection None Income Adjusted Gross 90990.00 Income Gross Scheduled Rent 91800.00 Income Net Opp Income 64787.00 Income Other Income 3780.00 Income Vacancy Loss 4590.00 Lot Dimensions Unknown Lot Sqft 40800.00 Multi Tenant Yes Municipality Zoning Tucson - R2 Property Sub Type Apartment Sewer Connected Short Sale No Source Of Sqft Other Tax Year 2021 Taxes 5275.96 Warehouse Storage Dry Water City

Listing provided by Joseph Bernard Investment Re: (480) 305-5600. Listing information © 2022 MLS of Southern Arizona.


MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2022 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2022-09-25T23:07:12.427.
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than The Local Real Estate Group | Realty Executives are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
 
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The Local Real Estate Group | Realty Executives
6760 N Oracle Road Suite 130
Tucson AZ, 85704
Courtesy of Joseph Bernard Investment Re.