Description
A 14-unit community located in one of the top markets in the nation. Tucson has low vacancies, high rent growth, and high population growth with many industries moving jobs to the area. A nice mix of studios, 1-bedrooms, and one 3-bedroom unit. Value-add property with continued improvement to both exterior and interiors. Seller has steadied the property over the last few months and will be looking to 1031 exchange into a larger property. Current 6% cap rate over last 3 months of operations.
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0BEDS
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0.42ACRES
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0BATHS
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01/2 BATHS
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6,766SQFT
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$159$/SQFT
School Ratings & Info
Description
A 14-unit community located in one of the top markets in the nation. Tucson has low vacancies, high rent growth, and high population growth with many industries moving jobs to the area. A nice mix of studios, 1-bedrooms, and one 3-bedroom unit. Value-add property with continued improvement to both exterior and interiors. Seller has steadied the property over the last few months and will be looking to 1031 exchange into a larger property. Current 6% cap rate over last 3 months of operations.
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Data last updated: 2023-03-29T08:08:43.443.
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