$650,000
Tucson, AZ 85705
MLS# 22100287
Status: Closed
7735 sqft
1 / 8
Property Description
THE CASA REY APARTMENTS. 15 charming garden units in vintage condition. Owner is retiring after over 50 years of ownership. Located on one taxcode-5 city lots/ .94 acre C-2 zoned corner lot. 7 studios, 6-1 bd. units, 1 - 2 bd. unit and a large 3 bd./2 ba house. Covered parking, lushly landscaped grounds, longterm tenants. One block to city bus line. Close to Pima College downtown campus. Income/Expenses are actual 2020. ***Property brochure in attached documents*** ***Located in Opportunity Zone*** ***VALUE-ADD PROPERTY*** ***Sold ''As Is''*** Seller will review all offers on Monday January 11th.
Details
Maps
Documents
Address Information
Country: USA
Street #: 504
Direction: W
Street Name: Flores
Suffix: Street
State/Province: AZ
Zip Code: 85705
County: Pima
Location, Tax & Legal
Tax Year: 2020
Taxes: 5708
Assessments: 0
Taxes For: Building & Land
Legal Description: El Sahuaro Addition Lots 12,13,14,15 & 16 Blk. 9
Municipality/Zoning: Tucson - C2
Fire Protection: Included in Taxes
Municipal Flood Zone: TBD
Tax Code: 115-15-0910
Area: Central
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $650,000
Sold Price: $650,000
Listing Date: 2021-01-05
Status: Closed
Status Change Info
Off Market Date: 2021-01-11
Sold Price/SqFt: 84.03
Lot Sz Sold Prc/SqFt: 15.87
Financing: Cash
Pending Date: 2021-03-08
Sold Date: 2021-03-08
Sold Price: $650,000
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 15
Lot Dimensions: 255’X155 approximately
Lot Acres: 0.94
Total Parking: 30
Lot Sqft: 40946
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
Leasable SqFt: 7735
List Price/SqFt: 84.03
Lot Size Price/SqFt: 15.87
Year Built: 1943
Combined SqFt: 7735
Showing Information
Directions: 1-10 to Grant Rd. exit -E, Oracle Rd. -S, Flores W to address. DO NOT DISTURB TENANTS!
Electric
Electric Company: TEP
Income
Other Income: 6269
Gross Scheduled Rent: 74455
Net Opp Income: 80724
Gas
Natural: 1
Construction
Masonry Stucco: 1
Expenses
Admin Expenses: 329
Contract Services: 2028
Figures Presented: Actual
Gas/Electric: 11241
Insurance: 3500
Maintenance Supplies: 10258
Taxes/Assessments: 5564
Water/Sewer: 6171
Sewer
Connected: 1
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/Studios: 7
Avg Mo Rent/Studios: 425
# of Units/1 BR: 6
Avg Mo Rent/1 BR: 540
# of Units/2 BR: 1
Avg Mo Rent/2 BR: 675
# of Units/3 BR: 1
Roof
Built-Up: 1
Shingle: 1
Water
Public: 1
Fence
Stucco Finish: 1
Road Type
Paved: 1
Lot Features
Corner Lot: 1
Dividable Lot: 1
North/South Exposure: 1
Main Cooling
Central Air: 1
Evaporative Cooling: 1
Main Heating
Forced Air: 1
Natural Gas: 1
Wall Furnace: 1
Water Heater
Natural Gas: 1
Terms
Cash: 1
Conventional: 1
Submit With Offer
Seller Title Company: Stewart Title
Accessibility Option
None: 1
Security
None: 1
Sold Info
Seller Concessions: 0
Selling Comments: AS IS Sale
Landscape - Front
Desert Plantings: 1
Shrubs: 1
Trees: 1
Landscape - Rear
Shrubs: 1
Trees: 1
Parking
Common: 1
Other: Carports
Business Location
Redevelopment Area: 1
Freeway/Highway
Up to 1 Mile: 1
Traffic Count
Unknown: 1
Possession
Negotiable: 1
Recording: 1
Property Disclosures
Lead Based Paint: 1
Unknown: 1
Remarks Misc
Geo Lat: 32.247329
Geo Lon: -110.979651
Property Features
Construction: Masonry Stucco
Roof: Built-Up; Shingle
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Forced Air; Natural Gas; Wall Furnace
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Security: None
Fence: Stucco Finish
Landscape - Front: Desert Plantings; Shrubs; Trees
Landscape - Rear: Shrubs; Trees
Road Type: Paved
Parking: Common
Lot Features: Corner Lot; Dividable Lot; North/South Exposure
Business Location: Redevelopment Area
Traffic Count: Unknown
Terms: Cash; Conventional
Possession: Negotiable; Recording
Property Disclosures: Lead Based Paint; Unknown
Lead Paint Discl 
Listing Office: Tierra Antigua Realty
Last Updated: September - 09 - 2026
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