3025 N Los Altos Ave - Apartments FOR SALE


Tucson, AZ 85705- Keeling
$1,550,000 USD
520-599-8005
3025 N Los Altos Ave, Tucson, AZ for Sale
$1,550,000 USD
Apartments - FOR SALE
1/16
null | 6.25% Cap Rate

3025 N Los Altos Ave
Tucson, AZ 85705
Keeling


HIGHLIGHTS

  • Well manicured community
  • Low to no maintenance
  • Brick wall exteriors

OVERVIEW

Acquire a 100% occupied stabilized, positive cash flowing turnkey asset. 12-units, 3025 N. Los Altos Ave. Tucson, AZ 85705 2024 (May-Dec) & 2025 YTD P&Ls (ATTACHED): May 2024- Repairs & Maintenance @ $5,388: Upon acquisition in beginning of May, tenants offered opportunity to address any small repair items even though they were already on long-term leases. April 2025- “General Maintenance” @ $3,179: Repaired and serviced ALL of the rooftop EVAP coolers Capital Improvements (ATTACHED): Total= ~$25K. Minimal CAPEX required for this property. Remodeled 2 units and additional small repairs completed including replacing some HVAC & upgrading electrical on the property. Rent Roll- Jet Casitas (ATTACHED): Current Monthly Gross rents (with RUBs + Pet Fee)= $11,964

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$166 USD /SF

# OF UNITS

12

PRICE/UNIT

$129,167

CAP RATE

6.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casitas on Los Altos

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

R-3

APN/PARCEL ID

107-11-2770

ASK ABOUT THIS PROPERTY

Phillip FilecciaPinnacle Realty and Investment Advisors LLCMore Info
520-599-8005

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Phillip FilecciaPinnacle Realty and Investment Advisors LLCMore Info
520-599-8005

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