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3777 E Hardy Dr 3 Unit Apartment Building $475,000 ($158,333/Unit) 6.10% Cap Rate Tucson, AZ 85716
Investment Highlights
- Three separate income streams
Executive Summary
Exceptional multi-unit income property located just steps from the bike path, Hop Shop, Chow Italian Goodbye, and the rapidly improving Hardy corridor. This unique investment features three separate rental units on one parcel, delivering strong and stable cash flow in one of Tucson’s most desirable urban infill neighborhoods.
Unit Breakdown:
• Front House – 3 bed / 1 bath – approx. 1,100 SF – Rented at $1,500/mo
• Middle Casita – approx. 450 SF – Rented at $700/mo
• Rear Single-Wide – approx. 650 SF – Rented at $950/mo
Total Gross Income: $3,150/month ($37,800 annually)
All units are currently leased, offering immediate income with diversified tenancy.
Property sits in a high-demand rental pocket near the bike path, dining, breweries, and central Tucson employment corridors. Ideal for investors seeking strong yield, house-hackers, or long-term hold buyers looking for stable income in a growth corridor.
Unit Breakdown:
• Front House – 3 bed / 1 bath – approx. 1,100 SF – Rented at $1,500/mo
• Middle Casita – approx. 450 SF – Rented at $700/mo
• Rear Single-Wide – approx. 650 SF – Rented at $950/mo
Total Gross Income: $3,150/month ($37,800 annually)
All units are currently leased, offering immediate income with diversified tenancy.
Property sits in a high-demand rental pocket near the bike path, dining, breweries, and central Tucson employment corridors. Ideal for investors seeking strong yield, house-hackers, or long-term hold buyers looking for stable income in a growth corridor.
Property Facts
| Price | $475,000 | Building Class | C |
| Price Per Unit | $158,333 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 2,836 SF |
| Cap Rate | 6.10% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 1.41/1,000 SF |
| Zoning | RE2 | ||
| Price | $475,000 |
| Price Per Unit | $158,333 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 2,836 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 1.41/1,000 SF |
| Zoning | RE2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 955 |
| 2+1 | 2 | - | 812 - 1,069 |
1 1
Bike Score®
Biker's Paradise (91)
Property Taxes
| Parcel Number | 111-04-0240 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $13,592 |
Property Taxes
Parcel Number
111-04-0240
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$13,592
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3777 E Hardy Dr
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