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27418816
27418818

425 West Paseo Redondo, Tucson, AZ, USA, Tucson, AZ 85701

JD
AZ 549120000
Equilibrium Real Estate Investments
Listed by Equilibrium Real Estate Investments
$3,000,000
238 days on market
Updated 36 days ago
Opportunity zone

Redondo Condos - 12 Unit Offering

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,269
Net Rentable (SqFt) 11,269
Units 12
Occupancy 90%
Pro-Forma Cap Rate 5.00%
Pro-Forma NOI $184,069
Price per SqFt $373
Broker Co-Op Yes
Class A
Year Built 1961
Year Renovated 2025
Buildings 1
Stories 9
Zoning R-5
Parking Spaces 1 per unit
Investment Type Stabilized

Multifamily | 12 Units | $250,000/unit

Marketing description

Equilibrium Realty is pleased to offer twelve (12) residential condominium units located on the second floor of the Redondo Tower condominium property. This is a unique opportunity for an investor to own and operate an entire floor of freshly renovated condominium units within the ninety six (96) condominium property. Investor may also "pool" the units with other investors on the same floor to share rental income and expenses. May self manage or hire third party property manager, or take off-line to enjoy as winter visitor unit, or any combination thereof. Property is full of amenities (parking, storage, pool, fitness center, meeting rooms, secure access, wonderful views) and is located walking distance to the heart of downtown Tucson, including bars, restaurants, museums, events, entertainment, etc. This is a limited offering as most of the building will be owned by first and second time home buyers.

Investment highlights

Equilibrium Realty is pleased to present this bulk condo investment opportunity with new financing available. All units have been renovated, and renters are in place, so cash flow from operations is immediately available. Building and amenities are cared for by the HOA Manager so this opportunity requires little work or maintenance over time. Highly desirable location and property with walkable access to all downtown Tucson amenities. This is your opportunity to purchase an entire floor of 12 condominiums. Following is link to retail condo sales website: www.redondocondotucson.com.

Listing Contacts

JD
AZ 549120000
Equilibrium Real Estate Investments
Listed by Equilibrium Real Estate Investments

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