Palomar Apartment Homes is a 142-unit, multifamily community located in the Drexel Heights submarket of Tucson, AZ. Situated on South Midvale Park Road just north of West Valencia Road, the property is located within walking distance to a Walmart Supercenter, Fry’s, Starbucks, and Lowe’s, just under five miles from the Tucson International Airport, and just under a 30-minute drive to the University of Arizona Campus as well as Downtown Tucson by way of the I-19 Freeway. A multitude of neighborhood conveniences, services, and entertainment options are located just under three miles to the northeast at the Tucson Spectrum outdoor mall which include Target, The Home Depot, Ross Dress for Less, Best Buy, Discount Tire, Harkins Theatre, Sprouts Farmers Market, and Main Event. The Palomar Apartment Homes features a total of four two-story buildings built in 1988 and renovated between 2022 - 2024 resting on a single parcel of land of ±10.47 acres of land, of which ±4.3 acres are vacant with opportunities for further development of 90 additional two and three-bedroom units. The property features a unit mix which consists of 90 one-bedroom / one-bathroom units and 52 two-bedroom / two-bathroom units with a weighted 745 SF average. Interior amenities include air conditioning / heating, electronic thermostats, breakfast bars, walk-in closet, patio / balcony, ceiling fans, vinyl wood flooring, high-speed internet access as well as kitchens fully equipped with energy efficient refrigerators, oven / stove, dishwasher, and garbage disposal. Select units include washer / dryer appliances and hookups. Community amenities include swimming pool / spa, four laundry facilities, pet park, package lockers, barbecue grills and picnic areas, open courtyards, EV charging stations, open / covered parking, elevator access, as well as a large clubhouse with a theater room and fitness center. Significant employers in proximity to the property include Banner University Medical Center, Tucson Medical Center, Texas Instruments, Caterpillar, ADP Tucson, and the University of Arizona.