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1827 E 13th St - U of A 2 Unit Apartment Building Offered at $525,000 at a 6.80% Cap Rate Tucson, AZ 85719
EXECUTIVE SUMMARY
Great location within a few blocks to The University, Downtown and 4th avenue. Two houses on one R-2 lot. Each house has its own private entrance, yard and parking. Main house is a 3/2 that has been recently completely renovated with off street parking, in unit washer and dryer and central AC heat. The rear house is a 2/1 with a new roof, exterior paint and mini-splits AC and includes a private gated entrance from the alley and off street parking. Both units are occupied with long term tenants on month to month leases. The property is always rented with very low vacancy.
PROPERTY FACTS Under Contract
| Price | $525,000 | Property Type | Multifamily |
| Price Per Unit | $262,500 | Building Size | 2,146 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 6.80% | No. Stories | 1 |
| No. Units | 2 | Year Built | 1955 |
| Price | $525,000 |
| Price Per Unit | $262,500 |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 2,146 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1955 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $2,400 | 1,533 |
| 2+1 | 1 | $1,400 | 613 |
1 1
Walk Score®
Very Walkable (77)
Bike Score®
Biker's Paradise (99)
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1827 E 13th St - U of A
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