1102-1104 E Halcyon Road, Tucson, AZ 85719
$1,387,500
Property Type:
Commercial
Square Footage:
11,832
Lot Size (sq. ft.):
40
Status:
Closed
Current Price:
$1,387,500
List Date:
7/02/2025
Last Modified:
9/23/2025
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.
More Information MLS# 22517689
Address Information
Country: USA
Street #: 1102-1104
Direction: E
Street Name: Halcyon
Suffix: Road
State/Province: AZ
Zip Code: 85719
County: Pima
Location, Tax & Legal
Tax Year: 2025
Taxes: 7503.52
Taxes For: Building & Land
Legal Description: Halcyon Road Condominium Unit 1-8
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
FEMA Flood Zone: TBD
Municipal Flood Zone: TBD
Tax Code: 113-04-4510
Area: Central
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $1,387,500
Sold Price: $1,387,500
Listing Date: 2025-07-01
Status: Closed
Status Change Info
Off Market Date: 2025-07-12
Sold Price/SqFt: 117.27
Lot Sz Sold Prc/SqFt: 35.04
Financing: Conventional
Pending Date: 2025-09-19
Sold Date: 2025-09-22
Sold Price: $1,387,500
Showing Information
Directions: From Campbell & Ft Lowell. West to Mountain, North to Halcyon, West to address
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 8
Lot Dimensions: 118 X 333
Lot Acres: 0.9
Total Parking: 28
Lot Sqft: 39600
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 135.23
Lot Size Price/SqFt: 40.4
Year Built: 2001
Combined SqFt: 11832
Electric
Electric Company: TEP
Income
Vacancy Loss: 7680
Other Income: 0
Adjusted Gross: 145920
Gross Scheduled Rent: 153600
Gas
Natural: 1
Analysis
Gross Rent Multi: 9.51
Vacancy Rate %: 5
Cap Rate %: 6.5
Construction
Other: 1
Expenses
Figures Presented: Proforma
Gas/Electric: 1231.62
Insurance: 5102
Management: 17000
Taxes/Assessments: 7503.52
Water/Sewer: 5455.24
Other Expenses: 1860
Sewer
Connected: 1
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/3 BR: 8
Avg Mo Rent/3 BR: 1600
Water
Public: 1
Property Features
Smoke Detector: 1
Fence
Block: 1
Road Type
Paved: 1
Lot Features
East/West Exposure: 1
Subdivided: 1
Main Cooling
Ceiling Fan(s): 1
Central Air: 1
Main Heating
Forced Air: 1
Natural Gas: 1
Water Heater
Natural Gas: 1
Terms
Cash: 1
Conventional: 1
Submit With Offer
Income Property Addendum: 1
Loan Pre-Qualifiaction: 1
Accessibility Option
None: 1
Security
None: 1
Sold Info
Seller Concessions: 0
Seller Paid Repairs: 0
Landscape - Front
Decorative Gravel: 1
Low Care: 1
Shrubs: 1
Trees: 1
Landscape - Rear
Decorative Gravel: 1
Low Care: 1
Shrubs: 1
Trees: 1
Parking
# Covered Parking: 28
Fenced Parking: 1
Paved Parking: 1
Private Parking: 1
Freeway/Highway
2.1 - 5 Mile: 1
Traffic Count
Unknown: 1
Property Disclosures
Seller Prop Disclosure: 1
Special Conditions
None: 1
Remarks Misc
Geo Lat: 32.267104
Geo Lon: -110.9549
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
Listing Office: Long Realty
Last Updated: September - 23 - 2025
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