2740 N Balboa Ave - Apartments FOR SALE


Tucson, AZ 85705
$5,100,000 USD
480-305-5600
2740 N Balboa Ave, Tucson, AZ for Sale
$5,100,000 USD
Apartments - FOR SALE
1/24
null | 6.15% Cap Rate

2740 N Balboa Ave
Tucson, AZ 85705


HIGHLIGHTS

  • Laundry on site
  • Individually metered for electric
  • Developing neighborhood
  • Resurfaced pool
  • Value-add opportunity

OVERVIEW

Joseph Bernard Investment Real Estate is pleased to present a 58 unit value add opportunity. Recent projects include interiors turnover, resurfaced pool, second laundry room on site built out, and new exterior paint. Interiors are mostly classic condition, upgrading units could bring in as much as $300-400/unit rental premium compared to other properties in area. This gated community provides a private and secure place to live for tenants.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$175 USD /SF

# OF UNITS

58

PRICE/UNIT

$87,931

CAP RATE

6.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oakwood Terrace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.48 AC

LAND SF

108,029 SF

ZONING

R-3, Tucson

APN/PARCEL ID

107-13-081A

ASK ABOUT THIS PROPERTY

Joseph ChaplikJoseph Bernard Investment Real EstateMore Info
480-305-5600

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Joseph ChaplikJoseph Bernard Investment Real EstateMore Info
480-305-5600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.