248-262 N Melwood Ave - Apartments FOR SALE


Tucson, AZ 85745- Menlo Park
$1,500,000 USD
520-203-7293
248-262 N Melwood Ave, Tucson, AZ for Sale
$1,500,000 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 4plex 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 4plex is also for sale. This is a chance to pick up a great turnkey rental investment. Agent/Owner.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$252 USD /SF

# OF UNITS

8

PRICE/UNIT

$187,500

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

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

Belen HughesKMS RealtyMore Info
520-203-7293

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