Major Medical Nearby
The Lakes is in an ideal location close to major medical, less than one-half mile from Tucson’s largest hospital, Tucson Medical Center. Additionally, there are multiple medical offices and surgery centers nearby.
The Lakes is an age-restricted, 55+ community, although the property is not deed restricted for this age group. A buyer may want to consider the pros and cons of leasing to all age groups. This strategy may increase income.
Lack of New Multifamily Construction
There are no current or planned multifamily construction in The Lakes submarket. Tucson ranks as one of the lowest markets in new construction as a percentage of existing inventory for Market Rate properties.
2 East Congress Street, Suite 1050
Tucson, AZ 85701