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21 Lalo Way - The Row on 18th (Fourplex) 4 Unit Apartment Building Offered at $1,395,000 Tucson, AZ 85701
Investment Highlights
- Great Income Potential
- New Construction - Exquisite Detail and Amazing Views
- Owner Occupant - Have Residents pay your Mortgage
Executive Summary
Four Unit Consisting of Two Large Two Bedroom Units, each self contained on the second and third floors respectively and two Studio units on the first floor. Excellent Investment opportunity or Live in one of the units and rent out the other three units to live payment free (cover your mortgage). Great 5 Points location, walking distance to downtown w/ so many nearby attractions.
**Reside in large 2 bedroom unit and receive $6250 in rent from other 3 units or reside in 1st floor unit and receive $7250 in rent from the other 3 units allowing you to cover mortgage and live effectively for free (or possibly with some additional monthly income) with 4.99% Builders Rate available and all closing costs paid by seller.
**Reside in large 2 bedroom unit and receive $6250 in rent from other 3 units or reside in 1st floor unit and receive $7250 in rent from the other 3 units allowing you to cover mortgage and live effectively for free (or possibly with some additional monthly income) with 4.99% Builders Rate available and all closing costs paid by seller.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$108,000
|
$40.60
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,400
|
$2.03
|
| Effective Gross Income |
$102,600
|
$38.57
|
| Taxes |
$1,107
|
$0.42
|
| Operating Expenses |
$10,260
|
$3.86
|
| Total Expenses |
$11,367
|
$4.27
|
| Net Operating Income |
$91,233
|
$34.30
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $108,000 |
| Annual Per SF | $40.60 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $5,400 |
| Annual Per SF | $2.03 |
| Effective Gross Income | |
|---|---|
| Annual | $102,600 |
| Annual Per SF | $38.57 |
| Taxes | |
|---|---|
| Annual | $1,107 |
| Annual Per SF | $0.42 |
| Operating Expenses | |
|---|---|
| Annual | $10,260 |
| Annual Per SF | $3.86 |
| Total Expenses | |
|---|---|
| Annual | $11,367 |
| Annual Per SF | $4.27 |
| Net Operating Income | |
|---|---|
| Annual | $91,233 |
| Annual Per SF | $34.30 |
Property Facts
| Price | $1,395,000 | Apartment Style | Garden |
| Price Per Unit | $348,750 | Building Size | 2,660 SF |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 4 | Year Built | 2026 |
| Property Type |
| Price | $1,395,000 |
| Price Per Unit | $348,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | |
| Apartment Style | Garden |
| Building Size | 2,660 SF |
| No. Stories | 3 |
| Year Built | 2026 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Hardwood Floors
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,695 | 391 |
| 2+1 | 2 | $2,550 | 970 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 117-07-3620 | Total Assessment | $8,477 |
| Land Assessment | $0 | Annual Taxes | $1,107 ($0.42/SF) |
| Improvements Assessment | $0 | Tax Year | 2026 |
Property Taxes
Parcel Number
117-07-3620
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$8,477
Annual Taxes
$1,107 ($0.42/SF)
Tax Year
2026
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Videos
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Photos
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Map
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Presented by
Equilibrium Realty
21 Lalo Way - The Row on 18th (Fourplex)
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