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Sherwood Gardens is a unique 200-unit apartment community located within the Stella Mann Neighborhood in southeast Tucson, Arizona. Constructed in 1964 by Dove Land and Development Company, Inc., containing a single-story design, Sherwood Gardens is situated on an expansive 19-acre parcel consisting of a mere 10.50 units per acre. This extremely rare, low-density configuration bodes well for both the repositioning of the existing improvements or the potential redevelopment of the site. The subject property offers a selection of spacious one-, two- and three-bedroom apartment homes boasting a weighted average unit size of 906 square feet, featuring 85% two- and three-bedroom floor plans. Apartment interiors include well-appointed kitchens with frost free refrigerator, gas range, and disposal, a full-sized washer and dryer, and private fenced backyards with an outside storage shed. Select units also offer a dishwasher and microwave, walk-in closets, and ceiling fans. Community amenities include a swimming pool and wading pool, business center, outdoor spaces featuring picnic areas with barbecue grills, a children' s playground, and a DVD library.
Blacklidge Terrace enjoys a commanding position in North Central Tucson, just minutes south of the Tucson Mall and minutes north of vibrant and ever-improving downtown Tucson. Developed in 1983 by GH Development Company, the subject property consists of 208 units that deliver comfortable interior appointments through a selection of smart-sized studio, one-, two-, and three-bedroom apartment homes with a weighted average unit size of 531 square feet. Apartment interiors feature sufficiently appointed kitchens equipped with a frost-free refrigerator and an electric range. Select units also include walk-in closets, linen closets, and ceiling fans. Community amenities comprise of two swimming pools and two spas, outdoor spaces featuring picnic areas with barbecue grills, two children' s playgrounds, three basketball courts, and four laundry facilities.
Size Upon Req.$670,000
This 40 space family mobile home park is located just north of East Benson Hwy in an area that is being developed with retail and large tract single family home developments. Park has 2 acres of additional land that is zoned C3 which allows for single family residences on 8,000SF lots. Utilities include master metered electric, private water (cost is not passed onto tenants), and septic. The septic is inspected every 3 years and seller has had no problems with septic in the 24 years that he has owned the park. Lots of mature trees and greenery throughout. Great upside potential due to vacancies and below market rents. The park has had absentee management and has been neglected, making this a great opportunity for investors. Seller Financing is available! Contact Listing Agent for more info!
Size Upon Req.$800,000
50 space mobile home and RV park located on Benson Highway with great exposure on over 3 acres. Low down payment. $50,000 down with 8-10% interest rate based on price and buyer qualification. First Eight months of 2014 the property made an average of $6,417. Expenses do not include Interest Expense which does not apply to new buyer.
90 acres of stunning desert on Tucson's westside! Never before listed. Located at the juncture of W. Speedway & Anklam, along the famous gateway to Gates Pass, 10 min to Old Tucson Movie Studio & Desert Museum, minutes from Saguaro National Park, Tucson Mtn Park, StarrPass Golf, Resort & Spa AND adjacent to Feliz Paseos Park and the newly acquired Painted Hills. Plus, you' re just minutes from downtown Tucson's cultural center and award winning, University of Arizona. Within a 5 minute drive to I10 & thereby 15 min to TIA & all modern conveniences yet you feel like you are in the wild, wild west. Las Lomas is a gorgeous cluster of 30 hand hewn locally quarried stone casitas (14 structures) by master architect Margaret Fulton Spencer with passive solar orientation. Spencer was among the first female architects in the US and a dear friend of Frank Lloyd Wright. His influence is ever apparent in the beautiful guest ranch-like setting known as Las Lomas. Historic legends, the likes of Clark Gable, Carole Lombard, John Wayne & Eleanor Roosevelt stayed here in the 1930's & 40's. A variety of creative and lucrative possibilities exist for future development (call for more info).
Size Upon Req.$1,000,000
41 space mobile home park with 1 bedroom/1 bath cottage for on-site, 2 bedroom/1 bath home, & laundry. 43 rentals all individually metered for water, gas and electric. Tenants reimburse utilities monthly to Landlord. Zoned R- 2 Non-Conforming as grandfathered Mobile Home Park! Clean Park with established tenants in the Center of Tucson. Lots of Upside Potential. Great location with solid rental income. Please do not disturb tenants or on-site manager!!
Charming Central Adobe compound. Property has not been used as a rental. Cap rate and rents are by Proforma. Large lot to add additional Casitas. 2 bedrooms should rent $900, 1 bedrooms should rent for $650.
Property Description: Multi Family - 3 Units (Condo)Property Use Description: Multi Family - Units(Condo) Professionally Managed Bermuda Townhomes, 12 Unit 100% Occupied MultiFamily Investment.
ABI Multifamily is pleased to present the Montclair Apartments. Montclair is a 61-unit garden-style apartment community located in Tucson, Arizona. 40 of Montclair' s 61 units are completely renovated within the past year. Most of the north courtyard side units have also been upgraded. Montclair offers an investor the opportunity to acquire a turn-key renovated property on a major thoroughfare, in close proximity to employment, and in a neighborhood dotted with new construction. At full stabilization the cap rate should yield over 7.75%. The property will be delivered to a buyer on a free and clear basis. A new non-recourse loan, up-to 75% Loan-To-Value, at a rate of 3.625-4.25% is available to qualified buyers.
THIS IS WORTH A TRIP TO APPRECIATE ALL YOU REALLY GET WITH THIS INVESTMENT! 2 Houses on 1 huge lot! Privacy fencing around each home. Both are remodeled. West unit rented to same tenant for 4 years. East unit left vacant for showings. I have a tenant ready to move in. Landlord pays water only.