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5770 S Jeanette Boulevard Tucson, AZ 85706

Under contract

List price$3,995,000

0 baths

5770 S Jeanette Boulevard

Tucson, AZ 85706

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5770 S Jeanette Boulevard Tucson, AZ 85706

MLS# 22622395

0

Bathrooms

1.5

Acres

House

Type

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.

Principal + Interest$20,454
Monthly Tax$3,329
Monthly Insurance$932

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

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5770 S Jeanette Boulevard Tucson, AZ 85706

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