List price$3,995,000
0 baths
5770 S Jeanette Boulevard
Tucson, AZ 85706
1 / 18MLS# 22622395
0
Bathrooms
1.5
Acres
House
Type
- 1988year built
- 1.5 acreslot size
- Estimate a paymentmortgage calculator ↓
About This Property
Drexel Plaza is a 58-unit multifamily community located at 5770 S. Jeanette Boulevard in Tucson. Built in 1988, the property consists of two three-story buildings and one two-story building situated on approximately 1.51 acres. The unit mix includes 42 one-bedroom/one-bath units, 15 two-bedroom/one-bath units and one studio. Community amenities include a swimming pool and on-site laundry facility. Units are individually metered for electricity. Current ownership has invested more than $110,000 in capital improvements, including HVAC replacements, landscaping, pool improvements and roof recoating. Drexel Plaza is currently 96.6% occupied and offers additional upside through interior renovations and continued rent growth. In-place rents average approximately $680 per occupied unit, compared with pro forma rents averaging approximately $845 per unit. Recent two-bedroom leases have been signed at rents as high as $885. The property is located near Drexel Road and Park Avenue with convenient access to I-10 and I-19, Tucson Spectrum, Tucson International Airport and the RTX/Raytheon campus. The location provides access to major employment, retail and transportation corridors throughout south Tucson.
Listing courtesy of ABI Multifamily, LLC520-265-1993
Property Features
Show all property details (20)
Location Information
- County
- Pima
- MLS Area
- South
- Directions
- S On Park Fr Irvington E On Drexel To Jeanette To Address
Interior Features
- Cooling
- Central Air, Wall Unit(s)
Exterior Features
- Has a Pool
- No
- Construction
- Block
- Sewer
- Sewer Connected
- In Gated Community
- No
- Water
- Public
- Lot Size in Acres
- 1.5
- Electric
- TEP
- Lot Size in Sq. Ft.
- 65,707
- Dimensions
- 215 X 200 X 265 X 250
- Has Garage
- No
- Landscaping
- Front: Desert Plantings; Rear: Desert Plantings
- Is One Story
- No
Additional Information
- Property Type
- Commercial Sale
- Year Built
- 1988
- APN
- 14025011B
- Status
- Under contract
Map
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$24,715per month
30 Year Fixed. 6.62% Interest Rate.
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Schools
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5770 S Jeanette Boulevard Tucson, AZ 85706
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