3493 E Lind Rd, Tucson, AZ 85716
- Recent capital improvements
- On-site laundry facility
- Amenities include an office, playground, & BBQ patio area
- Operational upside & below market rents
- Some units have upgraded flooring, fixtures, paint, and appliances
- Gated community
Located on Lind Road sits Lind Commons, an attractive 52-unit apartment complex comprised of a mix of JR 1BD/1BA, 1BD, and 2BD units. This property has an abundance of upside for potential investors due to its current operations and low rents. A new management has recently taken over and has started to steer the property in the right direction.
The common amenities at the property include an on-site office, laundry facility, BBQ Patio, and playground. Other attractive features to the property are the updated secured perimeter fencing and covered parking spaces.
Recent capital improvements to the property include paint, roof repairs, window shade covers, landscaping, perimeter fencing, secured gated entrance, and repairs to the covered parking structures. Some units have been upgraded with new flooring, fixtures, bathroom surrounds, paint, appliances, and re-finished cabinets.
The property is under a Low-Income Provision until 2032. 26 of the units must be rented to Low Income Tenants and of those 13 must be rented to Very Low-Income Tenants.
The units are individually metered for electric and master-metered for water, sewer, and trash. There is also a common area gas and electric meter which the owner is responsible for. The owner provides WIFI.