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302 W Flores Street

Tucson, AZ 85705
  • $1,078,000
  • STATUS: Active
  • ID#: 22227591
UPDATED: 178 min ago
$1,078,000
  • 0
    BEDS
  • 0.42
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,766
    SQFT
  • $159
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1948
County:
Area:

School Ratings & Info

Courtesy of Joseph Bernard Investment Re.

Description

*Updated financials* 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-bedroom, and one 3-bedroom unit. Value-add property with continued improvement to both exterior and interiors. Property is steadied out and cash flowing every month. Great opportunity for continued rent growth and to capitalize on a great market.

Monthly Payment Calculator



MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2023 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2023-06-10T00:07:43.923.
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 Eclipse Real Estate Group | Realty Executives Arizona Territory are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
www.eclipsehomesaz.com/homes/134275339
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302 W Flores Street Tucson, AZ 85705

  • Price: $1,078,000
  • Status: Active
  • On Site: Days
  • Updated: 178 min ago
  • ID#: 22227591
0
Beds
0
Baths
0
½ Baths
0.42
Acres
6,766
SQFT
$159
$/SQFT
1948
Built
Neighborhood:
Central
County:
Pima
Area:
Central
Property Description
*Updated financials* 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-bedroom, and one 3-bedroom unit. Value-add property with continued improvement to both exterior and interiors. Property is steadied out and cash flowing every month. Great opportunity for continued rent growth and to capitalize on a great market.
Exterior Features

Roof Built-Up

Interior Features

Main Heating Wall

Property Features

Analysis Cap Rate Percent 7.05 Analysis Gross Rent Multi 8.53 Analysis Vacancy Rate Percent 5.00 Assessments 0.00 Country Usa Fire Protection Included in Taxes Income Adjusted Gross 126379.00 Income Gross Scheduled Rent 112515.00 Income Net Opp Income 75989.00 Income Other Income 19490.00 Income Vacancy Loss 5626.00 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 © 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: 2023-06-10T00:07:43.923.
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 Eclipse Real Estate Group | Realty Executives Arizona Territory are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
 
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Eclipse Real Estate Group | Realty Executives Arizona Territory
6760 N Oracle Rd, #130
Tucson AZ, 85704
Courtesy of Joseph Bernard Investment Re.