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302 W Flores Street

Tucson, AZ 85705
  • $1,150,000
  • STATUS: Active
  • ID#: 22227591
UPDATED: 24 min ago
$1,150,000
  • 0
    BEDS
  • 0.42
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,766
    SQFT
  • $170
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1948
County:
Area:

School Ratings & Info

Courtesy of Joseph Bernard Investment Re.

Description

A 14-unit community located in one of the top markets in the nation. Tucson has low vacancies, high rent growth, and high population growth with many industries moving jobs to the area. A nice mix of studios, 1-bedrooms, and one 3-bedroom unit. Value-add property with continued improvement to both exterior and interiors. Seller has steadied the property over the last few months and will be looking to 1031 exchange into a larger property. Current 6% cap rate over last 3 months of operations.

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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: 2022-12-10T00:07:17.433.
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 Tucson Real Estate Group | Long Realty are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
www.tucsonrealestategroup.com/homes/134275339
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302 W Flores Street Tucson, AZ 85705

  • Price: $1,150,000
  • Status: Active
  • On Site: Days
  • Updated: 24 min ago
  • ID#: 22227591
0
Beds
0
Baths
0
½ Baths
0.42
Acres
6,766
SQFT
$170
$/SQFT
1948
Built
Neighborhood:
Central
County:
Pima
Area:
Central
Property Description
A 14-unit community located in one of the top markets in the nation. Tucson has low vacancies, high rent growth, and high population growth with many industries moving jobs to the area. A nice mix of studios, 1-bedrooms, and one 3-bedroom unit. Value-add property with continued improvement to both exterior and interiors. Seller has steadied the property over the last few months and will be looking to 1031 exchange into a larger property. Current 6% cap rate over last 3 months of operations.
Exterior Features

Roof Built-Up

Interior Features

Main Heating Wall

Property Features

Analysis Cap Rate Percent 6.02 Analysis Gross Rent Multi 9.13 Analysis Vacancy Rate Percent 0.00 Assessments 0.00 Country Usa Fire Protection Included in Taxes Income Adjusted Gross 126021.00 Income Gross Scheduled Rent 109506.00 Income Net Opp Income 69278.00 Income Other Income 16520.00 Income Vacancy Loss 5.00 Lot Dimensions Unknown Lot Features Corner Lot Lot Sqft 18240.00 Multi Tenant Yes Municipality Zoning Tucson - C2 Property Sub Type Apartment Sewer Connected Short Sale No Source Of Sqft Owner Tax Year 2021 Taxes 4277.48 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: 2022-12-10T00:07:17.433.
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 Tucson Real Estate Group | Long Realty are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
 
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Tucson Real Estate Group | Long Realty
4051 E. Sunrise Drive, Suite 101
Tucson AZ, 85718
Courtesy of Joseph Bernard Investment Re.