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
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Listing Courtesy ofAAG Realty