$800,000
Tucson, AZ 85716
MLS# 21904775
Status: Closed
9253 sqft
1 / 8
Property Description
The Grand Treat Apartments is an 11-unit multifamily community located in Central Tucson. Built in two phases, first phase being built in 1948 and the second phase in 1973, The Grand Treat Apartments presents a tremendous opportunity with immediate value-add potential in a prime central location. These apartments deliver a walkable, welcoming, friendly experience with an attractive unit mix of one, two, and three-bedroom homes. These Apartments have a total of four buildings that is constructed primarily of block construction, and is situated on .82 acres. Featuring a weighted unit average size of 840 square feet, apartment interiors are equipped in classic condition, with individual hot water heaters.
Details
Maps
Address Information
Street #: 2133
Direction: N
Street Name: Treat
Suffix: Avenue
State/Province: AZ
Zip Code: 85716
County: Pima
Country: USA
Location Tax Legal
Tax Code: 123-02-0990
Area: Central
Contract Information
Current Price: $800,000
Sold Price: $800,000
Listing Date: 2019-02-15
Status: Closed
Short Sale: No
Status Change Info
Off Market Date: 2019-02-28
Pending Date: 2019-02-27
Sold Date: 2019-04-30
Sold Price: $800,000
Sold Price/SqFt: 86.46
Lot Sz Sold Prc/SqFt: 22.4
Financing: Conventional
General Property Information
Property Sub-Type: Apartment
# Units: 11
Total Parking: 16
Year Built: 1973
Lot Dimensions: 115x300
Lot Acres: 0.82
Lot Sqft: 35719
Lot Size Source: Assessor
Combined SqFt: 9253
Source of SqFt: Assessor
List Price/SqFt: 89.16
Lot Size Price/SqFt: 23.1
Remarks Misc
Geo Lat: 32.248038
Geo Lon: -110.931687
Income
Gross Scheduled Rent: 106200
Vacancy Loss: 5310
Net Opp Income: 63657
Analysis
Cap Rate %: 7.71
Vacancy Rate %: 5
Expenses
Contract Services: 2200
Insurance: 2750
Maintenance Supplies: 5665
Management: 6988
Taxes/Assessments: 7896
Water/Sewer: 7365
Other Expenses: 2750
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/1 BR: 1
Avg Mo Rent/1 BR: 650
# of Units/2 BR: 9
Avg Mo Rent/2 BR: 800
# of Units/3 BR: 1
Avg Mo Rent/3 BR: 1000
Main Cooling
Other: HVAC
Electric
Electric Company: TEP
Water
Water Company: City of Tucson
Sold Info
Seller Concessions: 25000
Property Features
Construction: Slump Block
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Electric; Forced Air
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Security: Security Lights
Fence: Block
Landscape - Front: Desert Plantings; Low Care; Natural Desert; Sprinkler/Drip
Landscape - Rear: Decorative Gravel; Natural Desert; Shrubs; Trees
Road Type: Dirt; Gravel
Listing Office: Taylor Street Realty Services
Last Updated: March - 13 - 2026
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