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2614 N Los Altos Avenue

Tucson, AZ 85705
  • $1,175,000
  • STATUS: Active
  • ID#: 22308666
UPDATED: 32 min ago
$1,175,000
  • 0
    BEDS
  • 0.94
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,828
    SQFT
  • $243
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1953
County:
Area:

School Ratings & Info

Courtesy of Joseph Bernard Investment Re.

Description

The 2614 Apts is a charming garden-style apt community situated in NW Tucson. Boasting 9 units, this tranquil property provides a calm retreat, all while being a 10-minute drive from U of A & the Tucson Mall, making it an ideal location. Nearby conveniences include Banner University Hospital, Walmart, & Whole Foods.Consisting of 8 recently refurbished, stand-alone 1-bedroom units, and one 3-bedroom unit, with each apt individually metered & featuring a designated covered parking space. The property presents an opportunity for increased cash flow for the new owner through raising rents to market rates & implementing RUBs.The property offers a generous amount of space at the back, which provides a unique chance for the construction of additional units, pending approval from the city.

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MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2023 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2023-05-30T16:11:51.563.
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/138740524
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2614 N Los Altos Avenue Tucson, AZ 85705

  • Price: $1,175,000
  • Status: Active
  • On Site: Days
  • Updated: 32 min ago
  • ID#: 22308666
0
Beds
0
Baths
0
½ Baths
0.94
Acres
4,828
SQFT
$243
$/SQFT
1953
Built
Neighborhood:
Central
County:
Pima
Area:
Central
Property Description
The 2614 Apts is a charming garden-style apt community situated in NW Tucson. Boasting 9 units, this tranquil property provides a calm retreat, all while being a 10-minute drive from U of A & the Tucson Mall, making it an ideal location. Nearby conveniences include Banner University Hospital, Walmart, & Whole Foods.Consisting of 8 recently refurbished, stand-alone 1-bedroom units, and one 3-bedroom unit, with each apt individually metered & featuring a designated covered parking space. The property presents an opportunity for increased cash flow for the new owner through raising rents to market rates & implementing RUBs.The property offers a generous amount of space at the back, which provides a unique chance for the construction of additional units, pending approval from the city.
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 5.90 Analysis Gross Rent Multi 12.37 Analysis Vacancy Rate Percent 5.00 Assessments 0.00 Country Usa Expenses Captial Expenses 1800.00 Expenses Insurance 1350.00 Expenses Maintenance Supplies 4500.00 Expenses Management 6384.00 Expenses Taxes Assessments 5275.00 Fire Protection None Income Adjusted Gross 94980.00 Income Gross Scheduled Rent 96000.00 Income Net Opp Income 69371.00 Income Other Income 3780.00 Income Vacancy Loss 4800.00 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 2022 Taxes 4694.98 Total Parking 22 Water City

Listing provided by Joseph Bernard Investment Re: (480) 305-5600. Listing information © 2023 MLS of Southern Arizona.


MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2023 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2023-05-30T16:11:51.563.
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.