50 W King Road Tucson, AZ $ 2,795,000
50 W King Road
$ 2,795,000
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50 W King Road

Tucson, AZ, 85705
$ 2,795,000
Baths0.0

Monthly Estimate*

$ 19,524

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Studio

Multi-Family Home for sale in Tucson, AZ

for $2,795,000. This home was built in 1971.

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 Throughout the Units. The property is Centrally Located with an Easy Commute to the U of A, Downtown and/or Central Tucson, NW Tucson, Tucson Mall, Entertainment, Amazing Restaurants, Shopping, Services and Transportation. The property is Double Walled, Gated, Well Lit and has Seller Owned Laundry Equipment in a building that not only includes the laundry but also offers Secure Individual Storage for the tenants. The Secure Storage could bring in additional Revenue for the New Owner!...(more) Tenants Pay for their Electricity and Gas. Water/sewer/trash and parking is included in the rent. Tucson boasts a Vibrant Market with a Deep Cultural Tapestry, reflecting Native American, Spanish, Mexican, and Anglo-American Traditions. Nationally Recognized, Tucson stands out as a Top City for export support in global trade, a Premier Southwest Destination for Millennials, a Leading Hub for Entrepreneurs, and Ranks Second Nationally as the Best City for Job Opportunities! Combining its Natural Splendor with an Innovative Spirit, Tucson offers a Unique Lifestyle that draws a Diverse Population and Thriving Commerce!

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Multi-Family Active

Price

$ 2,795,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 8,462

Style

Multiple Dwellings

Year Built

1971

Town/City

Tucson

County/Region

Pima

MLS | Web ID

6696537

Features
General
Sewer Public Sewer
Heating Individual Natural Gas
Cooling Individual Electric Ceiling Fan(s)
Roof Composition Built-Up
Zoning Multi Family
Construction Materials Painted Block
Year Built 1971
Electric Individual Meter
Tenant Pays Gas Electricity Cable TV
Township 13
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 221160.0
Community Features No Pool
County Pima
Net Operating Income 153076.0
Operating Expense 70084.0
Insurance Expense 4000.0
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name Pastime Acres 20 Units
Garage Y/N N
Status Active
Directions East on King from Oracle Rd to the property
City Tucson
Buyer Agent Compensation 2.25
Disclosures Seller Prop Disc Stm
View Y/N N
High School District Amphitheater Unified District
Open Parking Spaces 30.0
Total Units 20
Lot Size Square Feet 0.0
Carport Y/N N
Street Name King
Tax Annual Amount 8462.0
Electric Expense 625.0
Current Financing Not Applicable
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 12000.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 20
Standard Status Active
Occupancy Description Tenant
Elementary School District Amphitheater Unified District
Tax Lot 0004N
Cap Rate 5.15
Buyer Agent Compensation Type %
Ownership Fee Simple
Senior Community N
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Interior
Flooring Stone Concrete
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Road
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features Paved Parking Free
Water Source City Franchise
Total Parking 30.0
Lot Size Area 0.0
Number of Buildings 3
Spa N
Lot Dimensions 163 x 368 x 164 x 369
Lot Size Acres 0.0
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 50
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* Excluded Features
List By
Keller Williams Arizona Realty

Broker

arizonainvestment@gmail.com

Email

Affordability Calculator

$20,229
Per Month
97%
3%
0%
Monthly Principal & Interest
$19,524
Monthly Property Taxes
$705
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4338472 Elementary School
4338471 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/3/2024$2,795,000 -6.05% Price Down
4/25/2024$2,975,000 Listed Price

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50 W King Road, Tucson, AZ, 85705 is a Multi-Family Home for sale at $2,795,000. 50 W King Road is a studio with 0.0 baths and was built in 1971. The property's zip code is 85705 which is in Tucson, AZ