5770 S Jeanette Boulevard
Tucson, AZ 85706
About
Drexel Plaza is a 58-unit multifamily community located at 5770 S. Jeanette Boulevard in Tucson. Built in 1988, the property consists of two three-story buildings and one two-story building situated on approximately 1.51 acres. The unit mix includes 42 one-bedroom/one-bath units, 15 two-bedroom/one-bath units and one studio. Community amenities include a swimming pool and on-site laundry facility. Units are individually metered for electricity. Current ownership has invested more than $110,000 in capital improvements, including HVAC replacements, landscaping, pool improvements and roof recoating. Drexel Plaza is currently 96.6% occupied and offers additional upside through interior renovations and continued rent growth. In-place rents average approximately $680 per occupied unit, compared with pro forma rents averaging approximately $845 per unit. Recent two-bedroom leases have been signed at rents as high as $885. The property is located near Drexel Road and Park Avenue with convenient access to I-10 and I-19, Tucson Spectrum, Tucson International Airport and the RTX/Raytheon campus. The location provides access to major employment, retail and transportation corridors throughout south Tucson.
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1988
Sq.Footage
31,884
Features
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Wall Unit(s)
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block
-
Pool
No
Area & Lot
-
Lot Size(acres)
1.5
-
Lot Size(square feet)
65,707
-
Property Type
Commercial Sale
Price
-
Sales Price
$3,995,000
-
Tax Amount
$23,731
-
Sq. Footage
31,884
-
Price/SqFt
$125
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Water Source
Public
Schedule
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Location
-
County
Pima
-
Elementary School
-
Middle School
-
High School
Listing Courtesy of Desiree Juul Palmer, ABI Multifamily, LLC
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Terri Applegarth
Agent / Realtor®
Call Terri today to schedule a private showing.
Phone (303) 880-6439
Email Terri@MandyGoldTeam.com
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