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1742 S 4th Ave 10 Unit Apartment Building $695,000 ($69,500/Unit) 13.60% Cap Rate Tucson, AZ 85713
EXECUTIVE SUMMARY
Equilibrium Realty is pleased to announce an 11 unit multi-family rehabilitation opportunity located in the Santa Rita Park neighborhood just south of downtown Tucson. The property was built circa 1948 and has undergone several renovations over the years but is currently vacant and permitted for renovation. The property has a nice unit mix of 4 one bedroom units of ~400 square feet plus 7 two bedroom units of ~600 square feet. The property is located a few doors down from Mi Nidito, one of the most beloved landmark restaurants in Tucson.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS Under Contract
| Price | $695,000 | Apartment Style | Low-Rise |
| Price Per Unit | $69,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 13.60% | Building Size | 6,681 SF |
| Sale Condition | Redevelopment Project | No. Stories | 1 |
| No. Units | 10 | Year Built | 1948 |
| Property Type | Multifamily | Parking Ratio | 1.49/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | SB1 | ||
| Price | $695,000 |
| Price Per Unit | $69,500 |
| Sale Type | Investment |
| Cap Rate | 13.60% |
| Sale Condition | Redevelopment Project |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 6,681 SF |
| No. Stories | 1 |
| Year Built | 1948 |
| Parking Ratio | 1.49/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | SB1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | - |
1 1
Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 118-18-1770 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $6,867 |
PROPERTY TAXES
Parcel Number
118-18-1770
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$6,867
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1742 S 4th Ave
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