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50 W King Road

Tucson, AZ 85705
  • $2,550,000
  • STATUS: Active
  • ID#: 22502496
UPDATED: 32 min ago
$2,550,000
  • 0
    BEDS
  • 1.38
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,000
    SQFT
  • $196
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1971
County:
Area:

School Ratings & Info

Courtesy of Keller Williams Arizona Realty.

Description

Twin Palms Apartments is a 20 Unit Gated Community which underwent a Full Renovation in 2019. Upon Completion, it was Loaded with Upgrades Including: New Granite Countertops, Stainless Steel Appliances, Polished Concrete Floors, Light and Bright Baths with Subway Tile and Quality Finishes. Units are individually metered for power & gas. The property is Centrally Located with an Easy Commute to the UofA, Downtown and/or Central Tucson, NW Tucson, Tucson Mall, Entertainment, Amazing Restaurants, Shopping, Services and Transportation. The property is Gated, Well Lit and has Seller Owned Laundry Equipment in a building that also offers Secure Individual Storage for the tenants. The Secure Storage could bring in additional Revenue for the New Owner!

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MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2025 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2025-02-07T00:07:23.54.
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Tierra Antigua Realty are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
www.kinoabrams.com/homes/159727631
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50 W King Road Tucson, AZ 85705

  • Price: $2,550,000
  • Status: Active
  • On Site: Days
  • Updated: 32 min ago
  • ID#: 22502496
0
Beds
0
Baths
0
½ Baths
1.38
Acres
13,000
SQFT
$196
$/SQFT
1971
Built
Neighborhood:
Central
County:
Pima
Area:
Central
Property Description
Twin Palms Apartments is a 20 Unit Gated Community which underwent a Full Renovation in 2019. Upon Completion, it was Loaded with Upgrades Including: New Granite Countertops, Stainless Steel Appliances, Polished Concrete Floors, Light and Bright Baths with Subway Tile and Quality Finishes. Units are individually metered for power & gas. The property is Centrally Located with an Easy Commute to the UofA, Downtown and/or Central Tucson, NW Tucson, Tucson Mall, Entertainment, Amazing Restaurants, Shopping, Services and Transportation. The property is Gated, Well Lit and has Seller Owned Laundry Equipment in a building that also offers Secure Individual Storage for the tenants. The Secure Storage could bring in additional Revenue for the New Owner!
Exterior Features

Construction Concrete Block Landscape Front Low Care Landscape Rear Natural Desert Roof Built-Up - ReflectShingle

Interior Features

Main Cooling Ceiling Fan(s)Heat Pump Main Heating Heat Pump Water Heater Natural Gas

Property Features

Analysis Cap Rate Percent 5.06 Analysis Vacancy Rate Percent 0.00 Assessments 0.00 Country USA Expenses Insurance 16817.00 Expenses Management 16997.00 Expenses Taxes Assessments 8728.00 Expenses Water Sewer 12000.00 Fire Protection Included in Taxes Gas Natural Income Gross Scheduled Rent 212205.93 Income Net Opp Income 129038.00 Income Vacancy Loss 0.03 Lot Dimensions 163 x 368 x 164 x 369 Lot Sqft 60243.48 Municipality Zoning Tucson - R2 Property Features Smoke DetectorStorage Property Sub Type Apartment Security Security Lights Sewer Connected Short Sale No Source Of Sqft Assessor Tax Year 2024 Taxes 8727.59 Water City

Listing provided by Keller Williams Arizona Realty: (480) 767-3000. Listing information © 2025 MLS of Southern Arizona.


MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2025 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2025-02-07T00:07:23.54.
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Tierra Antigua Realty are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
 
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Tierra Antigua Realty
1650 E River Road, Suite 202
Tucson AZ, 85718
Courtesy of Keller Williams Arizona Realty.