219 W Fort Lowell Road

    Tucson, AZ 85705
    • $1,450,000
    • STATUS: Active
    • ID#: 21816042
    UPDATED: 32 min ago
    $1,450,000
    • 0
      BEDS
    • 1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 18,148
      SQFT
    • $80
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1985
    County:
    Area:

    School Ratings & Info

    Courtesy of Equilibrium Realty.

    Description

    Having been purchased out of foreclosure in 2012, Westview has undergone a tremendous amount of renovation over the past several years, including replacement of all plumbing, roof replacement, exterior trim painting, resurfacing of entire parking lot, and interior unit replacements, including all flooring.Further opportunity of undergoing unit upgrades (kitchen and bath) In order to possibly garner a higher rent than current market rates for 1 BR units in the area ($550/mo.) The complex consists of 38 spacious 1 bedroom units.

    Monthly Payment Calculator



    The content relating to real estate for sale on this web site comes in part from the IDX program of the Tucson Association of REALTORS® Multiple Listing Service®. Real estate listings held by brokerage firms other than Realty Executives Tucson Elite are marked with the TARMLS IDX logo and detailed information about those listings includes the name of the listing brokerage. Copyright 2018 Tucson Association of REALTORS® Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Realty Executives Tucson Elite. Each office is independently owned and operated. Data last updated 2018-07-16T23:07:08.87.
    www.thekmsteam.com/homes/84393663

    219 W Fort Lowell Road Tucson, AZ 85705

    • Price: $1,450,000
    • Status: Active
    • Updated: 32 min ago
    • ID#: 21816042
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1
    Acres
    18,148
    SQFT
    $80
    $/SQFT
    1985
    Built
    Neighborhood:
    Central
    County:
    Pima
    Area:
    Central
    Property Description
    Having been purchased out of foreclosure in 2012, Westview has undergone a tremendous amount of renovation over the past several years, including replacement of all plumbing, roof replacement, exterior trim painting, resurfacing of entire parking lot, and interior unit replacements, including all flooring.Further opportunity of undergoing unit upgrades (kitchen and bath) In order to possibly garner a higher rent than current market rates for 1 BR units in the area ($550/mo.) The complex consists of 38 spacious 1 bedroom units.
    Exterior Features

    Construction Frame - Stucco Fence Block Landscape Front Low Care Landscape Rear Low Care Parking Paved Parking Road Type Paved Roof Built-Up

    Interior Features

    Main Cooling Ac Central Main Heating Heat Pump Water Heater Electric

    Property Features

    Accessibility Option Level Analysis Cap Rate Percent 12.26 Analysis Exp Percent Of Gross 27.90 Analysis Exp Sqft 3.79 Analysis Gross Rent Multi 5.88 Analysis Vacancy Rate Percent 9.00 Assessments 77274.00 Business Location Multiple Locations Country Usa Electric Electric Company Tep Expenses Admin Expenses 380.00 Expenses Captial Expenses 0.00 Expenses Contract Services 0.00 Expenses Figures Presented Proforma Expenses Gas Electric 7000.00 Expenses Insurance 5040.00 Expenses Maintenance Supplies 15000.00 Expenses Management 9865.00 Expenses Other Expenses 0.00 Expenses Resident Manager 0.00 Expenses Taxes Assessments 8518.00 Expenses Water Sewer 23000.00 Fema Flood Zone Tbd Fire Protection Included in Taxes Freeway Highway Access Gas Natural Income Adjusted Gross 246628.00 Income Gross Scheduled Rent 250800.00 Income Net Opp Income 177825.00 Income Other Income 18400.00 Income Total Expenses 68803.00 Income Vacancy Loss 22572.00 Lot Dimensions 311.35 X 143.78 Lot Features East/West Exposure Lot Sqft 43560.00 Multi Tenant Yes Municipal Flood Zone Tbd Municipality Zoning Tucson - C2 Property Features Smoke Detector Property Features ADACompliant Yes Property Sub Type Apartment Security Security Lights Sewer Connected Short Sale No Source Of Sqft Assessor Tax Year 2017 Taxes 8518.07 Terms Submit All Total Parking 43 Traffic Count Unknown Water City



    The content relating to real estate for sale on this web site comes in part from the IDX program of the Tucson Association of REALTORS® Multiple Listing Service®. Real estate listings held by brokerage firms other than Realty Executives Tucson Elite are marked with the TARMLS IDX logo and detailed information about those listings includes the name of the listing brokerage. Copyright 2018 Tucson Association of REALTORS® Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Realty Executives Tucson Elite. Each office is independently owned and operated. Data last updated 2018-07-16T23:07:08.87.
     
    Realty Executives Tucson Elite
    5225 E Pima Street
    Tucson AZ, 85712
    Courtesy of Equilibrium Realty.