SUNCREST APARTMENTS

Download Marketing Package & Financial Summary Here

Download Suncrest_Sierra_Vista_AZ_Marketing_Package-7-17-2017.pdf
SUNCREST APARTMENTS
  • Located Close to Restaurants, Retail, Schools, and Area Amenities
  • 1.2 Miles to the University of Arizona South
  • Average Rents are Below Max Net LIHTC Rents
  • 75 Miles to Tucson, AZ

105 Toscanini Avenue
Sierra Vista, AZ 85635

  • Status: Closed
  • Price: $3,000,000
  • # of Units: 80
  • Rentable SF: 89,134
  • Price per Unit: $37,500
  • Price per SF: $33.66
  • Year Built: 1999
  • # of Buildings: 6 (including office)
  • Lot Size: 6.92 Acres
  • Density: 11.56 Units/Acre
  • # of Stories: 2
  • Download Marketing Package:
  • Description:

    • Suncrest Apartments is a 80-unit apartment community located in Sierra Vista, AZ. The property is conveniently located close to schools, retail, University of Arizona South, and other area amenities.

      Suncrest was built and placed in service in 1999 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires all units to be rented to income qualifying residents earning no more than 30%, 40%, and 60% of Area Median Income (AMI) limits, which are provided by Arizona Department of Commerce. The property is out of its initial tax credit compliance period. A qualified purchaser can be a non-profit or for-profit entity that agrees to maintain the affordability restrictions.

      Suncrest offers two and three bedroom apartment homes featuring open floor plans with a full appliance package, and washer/dryer hook-ups. The community amenities include a swimming pool, playground, and well-maintained grounds

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