3839 E Glenn St - Apartments FOR SALE


Tucson, AZ 85716
$3,100,000 USD
520-265-1895
3839 E Glenn St, Tucson, AZ for Sale
$3,100,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

3839 E Glenn St
Tucson, AZ 85716


HIGHLIGHTS

  • 28 Total Units, Built 1980
  • All Two-Bedroom / One-Bathroom Units, 740 SF
  • Located in Highly Desirable East Central Tucson, Close to Trendy Restaurants as Well as the University of Arizona
  • Individually Metered for Electricity
  • On-Site Laundry Room
  • Offers Due on Wednesday December 11th, 2024

OVERVIEW

Glenn Dorado is a 28-unit, two-story apartment community located in East Central Tucson and in close proximity to the Tucson Botanical Gardens, Brandi Fenton Memorial Park, the River Path, and within five miles of the University of Arizona. Completed in 1980, the property features all two-bedroom / one-bathroom units of approximately 740 SF. The property is individually metered for electricity and has individual hot water heaters. The interiors feature all tile flooring and new cabinetry in the kitchens. Amenities include an on-site laundry room as well as a pet play area. New owners have the opportunity to add value through replacement of the current evaporative cooling system with air conditioning thereby allowing for an increase in rents. In addition, current rents are below market with many tenants on month-to-month leases providing an opportunity to easily increase rents to the current market rate.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$150 USD /SF

# OF UNITS

28

PRICE/UNIT

$110,714

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Glenn Dorado

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

R-2

APN/PARCEL ID

111-06-203A

ASK ABOUT THIS PROPERTY

Ryan KippesABI MultifamilyMore Info
520-265-1895

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Ryan KippesABI MultifamilyMore Info
520-265-1895

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