34th St 6-Plex 120 E 34th St
6 Unit Apartment Building $660,000 ($110,000/Unit) 8.20% Cap Rate Tucson, AZ 85713
EXECUTIVE SUMMARY
Exceptional 6-unit, 1-story apartment complex in prime Tucson location! Occupied with separate utility meters and excellent cash flow. The apartments are zoned for up to 24 units, offering substantial expansion potential with adjacent lot that is included with the property. Location, location, location! The property is just minutes from I-19, the University of Arizona, downtown, and the VA Medical Center. This property combines convenience, high demand, and outstanding net operating income! A rare opportunity in a booming area that checks all the boxes for investors. Don't miss this cash-flow powerhouse!
For info/offers contact: Rebecca Walter's (520) 499-7632 rebecca@wiselisting.com, Jesus Orozco (520) 400-0576 or Jesus@wiselisting.com Please escrow with Monica Lopez @ First American Title/Pima Title (520)297-2576 or BrMonicaLopez@firstam.com. Please call for additional questions or information. Income has been calculated with the average rent of all units combined.
For info/offers contact: Rebecca Walter's (520) 499-7632 rebecca@wiselisting.com, Jesus Orozco (520) 400-0576 or Jesus@wiselisting.com Please escrow with Monica Lopez @ First American Title/Pima Title (520)297-2576 or BrMonicaLopez@firstam.com. Please call for additional questions or information. Income has been calculated with the average rent of all units combined.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $660,000 |
| Price Per Unit | $110,000 |
| Sale Type | Investment |
| Cap Rate | 8.20% |
| Gross Rent Multiplier | 11.4 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 1,512 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1948 |
| Parking Ratio | 5.29/1,000 SF |
| Opportunity Zone |
Yes |
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Yard
- Freezer
- Smoke Free
SITE AMENITIES
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 of 1
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 118-25-2640 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $8,151 |
ZONING
| Zoning Code | SR2 (This property is in the City of South Tucson, and is in the opportunity zone as well as the empowerment zone.) |
CONTACT
-
Marsee Wilhems - Marsee Wilhems Team
