248-262 N Melwood Ave - Apartments FOR SALE


Tucson, AZ 85745- Menlo Park
$1,350,000 USD
520-203-7293
248-262 N Melwood Ave, Tucson, AZ for Sale
$1,350,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

248-262 N Melwood Ave
Tucson, AZ 85745
Menlo Park


OVERVIEW

Incredible investment opportunity. This property consists of two separate tax parcels which is advantageous for financing and allows for each 4-plex to be sold separately. These fully remodeled units are a stone's throw from Tucson's thriving downtown and just a 10 minute drive from the University of Arizona. Each unit is 2BR/1BA all have been fully updated with new flooring, new interior and exterior paint, and new ceiling fans. New kitchens with new cabinets, counters, & new GE stainless steel appliances w/ a gas stove. Fully renovated bathrooms w/new vanity sink and new file. All units have yards. Adjacent 4-plex is also for sale. This is a chance to pick up a great turnkey rental investment. Unit 248 has Tenant, please do not disturb. Agent/Owner.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$227 USD /SF

# OF UNITS

8

PRICE/UNIT

$168,750

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

R-2

APN/PARCEL ID

116-19-185E,116-19-185F

ASK ABOUT THIS PROPERTY

Belen HughesKMS RealtyMore Info
520-203-7293

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Belen HughesKMS RealtyMore Info
520-203-7293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.