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504 W Flores Street, Tucson, AZ 85705

$650,000
Property Type: Commercial Square Footage: 7,735 Lot Size (sq. ft.): 40,946 Status: Closed
Current Price: $650,000 List Date: 1/05/2021 Last Modified: 9/09/2026

Overview

Description

THE CASA REY APARTMENTS. 15 charming garden units in vintage condition. Owner is retiring after over 50 years of ownership. Located on one taxcode-5 city lots/ .94 acre C-2 zoned corner lot. 7 studios, 6-1 bd. units, 1 - 2 bd. unit and a large 3 bd./2 ba house. Covered parking, lushly landscaped grounds, longterm tenants. One block to city bus line. Close to Pima College downtown campus. Income/Expenses are actual 2020. ***Property brochure in attached documents*** ***Located in Opportunity Zone*** ***VALUE-ADD PROPERTY*** ***Sold ''As Is''*** Seller will review all offers on Monday January 11th.

Listing Details MLS# 22100287

Address Information

Street #
504
Direction
W
Street Name
Flores
Suffix
Street
State/Province
AZ
Zip Code
85705
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
115-15-0910
Area
Central

General Property Information

Property Sub-Type
Apartment
Construction Status
Existing
# Units
15
Total Parking
30
Multi-Tenant
Yes
Year Built
1943
Lot Dimensions
255’X155 approximately
Lot Acres
0.94
Lot Sqft
40946
Lot Size Source
Assessor
Combined SqFt
7735
Source of SqFt
Assessor
Leasable SqFt
7735
List Price/SqFt
84.03
Lot Size Price/SqFt
15.87

Property Features

Construction: Masonry Stucco Roof: Built-Up; Shingle Main Cooling: Central Air; Evaporative Cooling Main Heating: Forced Air; Natural Gas; Wall Furnace Water Heater: Natural Gas Gas: Natural Sewer: Connected Water: Public Accessibility Option: None Security: None Fence: Stucco Finish Landscape - Front: Desert Plantings; Shrubs; Trees Landscape - Rear: Shrubs; Trees Road Type: Paved Parking: Common Lot Features: Corner Lot; Dividable Lot; North/South Exposure Business Location: Redevelopment Area Traffic Count: Unknown Terms: Cash; Conventional Possession: Negotiable; Recording Property Disclosures: Lead Based Paint; Unknown

Contract Information

Method of Title
Fee (Simple)
Short Sale
No

Status Change Info

Off Market Date
2021-01-11
Pending Date
2021-03-08
Sold Date
2021-03-08
Sold Price/SqFt
84.03
Lot Sz Sold Prc/SqFt
15.87
Financing
Cash

More Information

Showing Information

Directions
1-10 to Grant Rd. exit -E, Oracle Rd. -S, Flores W to address. DO NOT DISTURB TENANTS!

Income

Gross Scheduled Rent
74455
Other Income
6269
Net Opp Income
80724

Expenses

Admin Expenses
329
Contract Services
2028
Figures Presented
Actual
Gas/Electric
11241
Insurance
3500
Maintenance Supplies
10258
Taxes/Assessments
5564
Water/Sewer
6171

Unit Information

Apartment
Low Rise

Apartment Unit Information

# of Units/Studios
7
Avg Mo Rent/Studios
425
# of Units/1 BR
6
Avg Mo Rent/1 BR
540
# of Units/2 BR
Yes
Avg Mo Rent/2 BR
675
# of Units/3 BR
Yes

Electric

Electric Company
TEP

Parking

Other
Carports

Submit With Offer

Seller Title Company
Stewart Title

Sold Info

Selling Comments
AS IS Sale
IDX
Listing Office: Tierra Antigua Realty
Last Updated: September - 09 - 2026
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.

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