50 W 32nd St - Apartments FOR SALE


Tucson, AZ 85713- South Park
$795,000 USD
520-705-7201
50 W 32nd St, Tucson, AZ for Sale
$795,000 USD
Apartments - FOR SALE
1/13
null | 6.19% Cap Rate

50 W 32nd St
Tucson, AZ 85713
South Park


HIGHLIGHTS

  • Fenced in for privacy
  • 1-2 miles from I10
  • Near Downtown

OVERVIEW

Back on the market and better than before. All units have been remodeled and rents increased to an average of $925. This is a charming 8 plex on a quiet street. The complex consists of 7 studios and a 1 bedroom unit. Income producing Laundry on site for tenants convenience. Entire property is gated for privacy. Numbers used: Due to remodeling owner had to vacate units. Currently we have two rented units one $900 the other $950. Anticipated gross income $88,800. Tenants pay electric. Please email for updated interior photos. Actual Expenses: Taxes, Water/Sewer/Trash, Electric, Gas. (Expenses provided are from when property was at fully occupied). Proforma Expenses: Maintenance 5%(all done in house no receipts), Vacancy 5% Agent is related to the seller.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$295 USD /SF

# OF UNITS

8

PRICE/UNIT

$99,375

CAP RATE

6.19%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1942

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,410 SF

ZONING

SR-1, South Tucson

APN/PARCEL ID

118-23-2770

ASK ABOUT THIS PROPERTY

Liliana QuinteroRealty Executives Arizona TerritoryMore Info
520-705-7201

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Liliana QuinteroRealty Executives Arizona TerritoryMore Info
520-705-7201

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