244 W Flores St

Tucson, AZ 85705
  • $420,000

    Price
  • 0

    Bed
  • 0

    Bath
  • 5,266

    SqFt

About the Listing 51017 - 29779

Very high cap rate investment property with huge opportunity to increase NOI. 14 unit property listed at $30,000 a unit. This property historically has operated at 90% occupancy but are currently at 80% because of a recent management change. Proforma numbers are very similar to actual number. Rent currently includes utilities. Call agent for current rent roll and 2018 actuals. The 14-unit(244 Flores) and 20-unit (255 Flores) properties can be purchased individually, or together for a total of 34 units. Located in Opportunity Zone, which offers significant potential tax benefits (https://www.azcommerce.com/arizona-opportunity-zones/)Grant Road is undergoing significant improvement in this area, most of which is completeOnly 2 miles from downtown Tucson anf U of A

Listing Highlights for 244 W Flores St

Status Active
Days on Site 17
Property Type Commercial Sale
MLS ® 21829562
Year Built 1950
Total Square Footage 5,266
Lot/Acreage 0.41
County Pima

Interior Details

  • Bedrooms: 0
  • Bathrooms: 0 Full
  • Appliances:
  • Air Cond:
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  • Floor:
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  • Water:

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: irregular
  • Zoning: Tucson - C2
  • Roof:
  • Others:
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  • Above Ground Sq Ft:
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Financial Details

  • Tax Amount: $3,730
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: 2017

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Listing Location

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244 W Flores St Tucson, AZ 85705

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Listing Courtesy of Morgan G Abraham, AAG Realty

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