4302 E Fairmount Street

    Tucson, AZ 85712
    • $2,000,000
    • STATUS: Active
    • ID#: 21918385
    UPDATED: 32 min ago
    $2,000,000
    • 0
      BEDS
    • 1.72
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 25,860
      SQFT
    • $77
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1979
    County:
    Area:

    School Ratings & Info

    Courtesy of Joseph Bernard Investment Re.

    Description

    Villa Del Rey Apartments is a 24 unit property located along the Speedway corridor in central Tucson. In close proximity to restaurants, businesses, and steps from the Martha Cooper Library. Only an 8 minute drive to the University of Arizona. The property consists of 18- 2 bed/2 bath units measuring over 1,000 square feet, and 6- 3 bed/2 bath units measuring over 1,300 square feet each. All units are individually parceled for future potential condo conversion. New roofs and updated interiors make this property a gem. Value-add potential by continuing to raise rents and generate additional cash flow.

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    Listing information Copyright 2019 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2019-09-18T09:06:29.913.
    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 Realty Executives Tucson Elite are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
    www.gatewayagent.com/homes/96795882

    4302 E Fairmount Street Tucson, AZ 85712

    • Price: $2,000,000
    • Status: Active
    • Updated: 32 min ago
    • ID#: 21918385
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.72
    Acres
    25,860
    SQFT
    $77
    $/SQFT
    1979
    Built
    Neighborhood:
    Central
    County:
    Pima
    Area:
    Central
    Property Description
    Villa Del Rey Apartments is a 24 unit property located along the Speedway corridor in central Tucson. In close proximity to restaurants, businesses, and steps from the Martha Cooper Library. Only an 8 minute drive to the University of Arizona. The property consists of 18- 2 bed/2 bath units measuring over 1,000 square feet, and 6- 3 bed/2 bath units measuring over 1,300 square feet each. All units are individually parceled for future potential condo conversion. New roofs and updated interiors make this property a gem. Value-add potential by continuing to raise rents and generate additional cash flow.
    Exterior Features

    Construction Wood Frame Roof Shingle

    Interior Features

    Main Cooling Ac Central Main Heating Forced Air - Gas

    Property Features

    Analysis Cap Rate Percent 6.83 Assessments 0.00 Country Usa Expenses Figures Presented Actual Expenses Other Expenses 92937.00 Fema Flood Zone No Fire Protection Included in Taxes Income Gross Scheduled Rent 213912.00 Income Net Opp Income 136559.00 Lot Dimensions Unknown Lot Sqft 74923.00 Municipal Flood Zone No Municipality Zoning Tucson - R2 Property Disclosures Marketing Package Available Property Sub Type Apartment Short Sale No Source Of Sqft Other Tax Year 2018 Taxes 14880.00

    Listing provided courtesy of Joseph Bernard Investment Re. Listing information © 2019 MLS of Southern Arizona.


    Listing information Copyright 2019 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2019-09-18T09:06:29.913.
    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 Realty Executives Tucson Elite are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
     
    Realty Executives Tucson Elite
    6760 N Oracle Road #130
    Tucson AZ, 85704
    Courtesy of Joseph Bernard Investment Re.