Pueblo Sands | 41-51 W Delano St
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Pueblo Sands 41-51 W Delano St
29 Unit Apartment Building $3,100,000 ($106,897/Unit) 7.55% Cap Rate Tucson, AZ 85705
Executive Summary
Value-add 29-unit apartment complex opportunity! This property has an excellent unit mix that boasts spacious units that are as follows: 5 charming Casitas with covered parking, yards and laundry hook ups. 8 Studios units, 8- 1 bed, 1-bath units, 8, 2 bed 2 bath units make up the remainder. Second floor units all have vaulted ceilings with plenty of natural light. Located in a highly desirable central location with easy access to public transportation, grocery stores, schools, the University of Arizona and Pima Community College. Current rents are about $23,000 a month with considerable room for increases. Please reach out to listing agents with any questions.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$342,960
|
$16.89
|
| Other Income |
$17,400
|
$0.86
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$360,360
|
$17.75
|
| Taxes |
$17,400
|
$0.86
|
| Operating Expenses |
$108,636
|
$5.35
|
| Total Expenses |
$126,036
|
$6.21
|
| Net Operating Income |
$234,324
|
$11.54
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $342,960 |
| Annual Per SF | $16.89 |
| Other Income | |
|---|---|
| Annual | $17,400 |
| Annual Per SF | $0.86 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $360,360 |
| Annual Per SF | $17.75 |
| Taxes | |
|---|---|
| Annual | $17,400 |
| Annual Per SF | $0.86 |
| Operating Expenses | |
|---|---|
| Annual | $108,636 |
| Annual Per SF | $5.35 |
| Total Expenses | |
|---|---|
| Annual | $126,036 |
| Annual Per SF | $6.21 |
| Net Operating Income | |
|---|---|
| Annual | $234,324 |
| Annual Per SF | $11.54 |
Property Facts
| Price | $3,100,000 | Building Class | C |
| Price Per Unit | $106,897 | Lot Size | 0.88 AC |
| Sale Type | Investment | Building Size | 20,300 SF |
| Cap Rate | 7.55% | Average Occupancy | 100% |
| No. Units | 29 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1985 |
| Property Subtype | Apartment | Parking Ratio | 4.77/1,000 SF |
| Apartment Style | Garden |
| Price | $3,100,000 |
| Price Per Unit | $106,897 |
| Sale Type | Investment |
| Cap Rate | 7.55% |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.88 AC |
| Building Size | 20,300 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 4.77/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Refrigerator
- Range
- Patio
Site Amenities
- Laundry Facilities
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
| 1+1 | 8 | - | - |
| 2+1 | 5 | - | - |
| 2+2 | 8 | - | - |
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Biker's Paradise (92)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $134,850 | |
| Land Assessment | $0 | Annual Taxes | $17,400 ($0.86/SF) |
| Improvements Assessment | $0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$134,850
Annual Taxes
$17,400 ($0.86/SF)
Tax Year
2024
zoning
| Zoning Code | C-2, Tucson (C-2, Tucson) |
| C-2, Tucson (C-2, Tucson) |
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Pueblo Sands | 41-51 W Delano St
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