1102-1104 E Halcyon Road, Tucson, AZ 85719 (MLS# 22517689)

1102-1104 E Halcyon Road, Tucson, AZ 85719

$1,387,500

Virtual Tour

https://my.matterport.com/show/?m=htqLzkwLYEH&mls=1

Property Type: Commercial Square Footage: 11,832 Lot Size (sq. ft.): 39,600 Status: Closed

Current Price: $1,387,500 List Date: 7/02/2025 Last Modified: 9/23/2025

Overview

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,--

Supplements: secure community setting.

Listing Details MLS# 22517689

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

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

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

Contract Information

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/SqFt: 117.27
Lot Sz Sold Prc/SqFt: 35.04
Financing: Conventional

More Information

Showing Information

Directions: From Campbell & Ft Lowell. West to Mountain, North to Halcyon, West to address

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

Electric

Electric Company: TEP

Parking

# Covered Parking: 28

Listing Office: Long Realty

Last Updated: September - 23 - 2025

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