50 W 32nd St
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50 W 32nd St
8 Unit Apartment Building $769,000 ($96,125/Unit) 6.40% Cap Rate Tucson, AZ 85713
Investment Highlights
- Fenced in for privacy
- Near Downtown
- 1-2 miles from I10
Executive Summary
Charming 8 plex on 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:
Actual Rents 6 units 2 vacant filled in with $800 (average rent is $839)
Actual Expenses: Taxes, Water/Sewer/Trash, Electric, Gas
Proforma Expenses: Maintenance 5%(all done in house no receipts), Vacancy 5%
Agent related to the seller
Numbers used:
Actual Rents 6 units 2 vacant filled in with $800 (average rent is $839)
Actual Expenses: Taxes, Water/Sewer/Trash, Electric, Gas
Proforma Expenses: Maintenance 5%(all done in house no receipts), Vacancy 5%
Agent related to the seller
Financial Summary (Pro forma - 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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $769,000 | Building Class | C |
| Price Per Unit | $96,125 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 2,692 SF |
| Cap Rate | 6.40% | Average Occupancy | 75% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1942/2024 |
| Property Subtype | Apartment | Parking Ratio | 2.97/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Price | $769,000 |
| Price Per Unit | $96,125 |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 2,692 SF |
| Average Occupancy | 75% |
| No. Stories | 1 |
| Year Built/Renovated | 1942/2024 |
| Parking Ratio | 2.97/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Kitchen
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | 255 - 414 |
| 1+1 | 1 | - | 255 - 414 |
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Walk Score ®
Very Walkable (71)
Bike Score ®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 118-23-2770 | Total Assessment | $14,151 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
118-23-2770
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$14,151
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | SR-1, South Tucson |
| SR-1, South Tucson |
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50 W 32nd St
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