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Villa Del Rey Apartments

Villa Del Rey Apartments

https://www.josephbernard.net/villa-del-rey-apartments-
Address:
4302 E Fairmount St, Tucson, Arizona 85712
Price:
$1,955,000
Units:
24
Price per unit:
$81,458
Cap Rate:
6.50%
Year Built:
1979

Highlights

  • Large 2 bedroom/2 bath and 3 bedroom/2 bath units
  • Individually parceled units for easy condo conversion
  • Beautiful courtyard with pool
  • Centrally located near numerous restaurants and businesses
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Villa Del Rey Apartments

Summary

Villa Del Rey Apartments is a 24 unit property located along the Speedway corridor in central Tucson. In close proximity to restaurants, businesses, and steps from the Martha Cooper Library. Only an 8 minute drive to the University of Arizona. The property consists of 18- 2 bed/2 bath units measuring over 1,000 square feet, and 6- 3 bed/2 bath units measuring over 1,300 square feet each. All units are individually parceled for future potential condo conversion. New roofs and updated interiors make this property a gem. Value-add potential by continuing to raise rents and generate additional cash flow.

Highlights

  • Large 2 bedroom/2 bath and 3 bedroom/2 bath units
  • Individually parceled units for easy condo conversion
  • Beautiful courtyard with pool
  • Centrally located near numerous restaurants and businesses
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Villa Del Rey Apartments

E Fairmount St/N Columbus Blvd

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Villa Del Rey Apartments

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Villa Del Rey Apartments

Joseph Bernard, LLC
5200 S Macadam Avenue
Suite 300
Portland, Oregon 97239
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax