$1,387,500
Tucson, AZ 85719
MLS# 22517689
Status: Closed
11832 sqft
1 / 39
Property Description
Modern 8-Unit Gated Apartment Community with Condo Conversion Potential Exceptional investment opportunity in this gated, low-rise apartment complex featuring eight spacious 3-bedroom, 3-bathroom units, each approximately 1,479 sq ft. All units are thoughtfully designed with attached laundry rooms with washer and dryer, open layouts, and private entrances. The property includes 28 covered parking spaces within a secure, gated setting—ample parking for residents and guests. Each unit has been assigned a separate parcel and tax identification number, offering flexibility and long-term value for a future owner interested in condo conversion or individual unit sales. This well-maintained property combines strong rental appeal with long-term investment upside in a desirable,--
Details
Address Information
Street #: 1102-1104
Direction: E
Street Name: Halcyon
Suffix: Road
State/Province: AZ
Zip Code: 85719
County: Pima
Country: USA
Location, Tax & Legal
Tax Code: 113-04-4510
Area: Central
Contract Information
Current Price: $1,387,500
Sold Price: $1,387,500
Listing Date: 2025-07-01
Status: Closed
Method of Title: Fee (Simple)
Short Sale: No
Status Change Info
Off Market Date: 2025-07-12
Pending Date: 2025-09-19
Sold Date: 2025-09-22
Sold Price: $1,387,500
Sold Price/SqFt: 117.27
Lot Sz Sold Prc/SqFt: 35.04
Financing: Conventional
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 8
Total Parking: 28
Multi-Tenant: Yes
Year Built: 2001
Lot Dimensions: 118 X 333
Lot Acres: 0.9
Lot Sqft: 39600
Lot Size Source: Assessor
Combined SqFt: 11832
Source of SqFt: Assessor
List Price/SqFt: 135.23
Lot Size Price/SqFt: 40.4
Showing Information
Directions: From Campbell & Ft Lowell. West to Mountain, North to Halcyon, West to address
Electric
Electric Company: TEP
Income
Gross Scheduled Rent: 153600
Vacancy Loss: 7680
Adjusted Gross: 145920
Analysis
Cap Rate %: 6.5
Gross Rent Multi: 9.51
Vacancy Rate %: 5
Expenses
Figures Presented: Proforma
Gas/Electric: 1231.62
Insurance: 5102
Management: 17000
Taxes/Assessments: 7503.52
Water/Sewer: 5455.24
Other Expenses: 1860
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/3 BR: 8
Avg Mo Rent/3 BR: 1600
Parking
# Covered Parking: 28
Remarks Misc
Geo Lat: 32.267104
Geo Lon: -110.9549
Property Features
Property Features: Smoke Detector
Construction: Other
Main Cooling: Ceiling Fan(s); Central Air
Main Heating: Forced Air; Natural Gas
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Security: None
Fence: Block
Landscape - Front: Decorative Gravel; Low Care; Shrubs; Trees
Landscape - Rear: Decorative Gravel; Low Care; Shrubs; Trees
Road Type: Paved
Parking: Fenced Parking; Paved Parking; Private Parking
Lot Features: East/West Exposure; Subdivided
Traffic Count: Unknown
Terms: Cash; Conventional
Submit With Offer: Income Property Addendum; Loan Pre-Qualifiaction
Property Disclosures: Seller Prop Disclosure
Special Conditions: None
Supplements
secure community setting.
Listing Office: Long Realty
Last Updated: September - 23 - 2025
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