$1,275,000
The 2614 Apartments is a 9-unit garden style apartment community in NW Tucson. This quiet location is just 2 miles away from the University of Arizona. The property consists of 8, 1-bedroom and 1, 3-bedroom standalone units. All units have been recently renovated. The units are individually metered and have a designated parking place. The new owner will be able to increase cash flow by raising rents to market and implementing RUBS. The property has space in the back where additional units could be built with city approval. The Tucson market is rated the #1 rental market in the United States for 2022 with a projected 14.2% rent growth and only a 1.9% vacancy.
From E Grant Road, head North on N Los Altos Avenue
MLS # | 22222547 |
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Date Listed | 2022-08-26 |
Status | Active |
Property Type | Commercial |
Property SubType | Apartment |
Square Feet | 4752 sqft |
Annual Taxes | $5,275.96 |
Year Taxes Payable | 2021 |
Year Built | 1950 |
Days on Market | 983 |
Zoning | Tucson - R2 |
Lot Size | 40,800 sq ft |
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Acreage | 0.94 Acres |
Lot Dimensions | Unknown |
Fence | None |
Area | Central |
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County | Pima |
City | Tucson |
State | AZ |
Zip | 85705 |
Usage | Apartment |
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Assoc. Dues | $0.00 |
MLS# 22222547
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Listing information Copyright 2025 MLS of Southern Arizona. All Rights Reserved.
Listing Provided Courtesy of Joseph V Chaplik
Joseph Bernard Investment RE
Listing updated August 26, 2022 at 6:15 pm
Last checked 11 minutes ago