427 E Delano St
Tucson, AZ 85705
Multifamily Property For Sale
·
9 Units
Property Facts
| No. Units | 9 | Building Size | 6,042 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1976 |
| Building Class | C | Parking Ratio | 1.49/1,000 SF |
| Lot Size | 0.66 AC | ||
| Zoning | R-2 | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 6,042 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1976 |
| Parking Ratio | 1.49/1,000 SF |
| Zoning | R-2 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Refrigerator
- Yard
Site Amenities
- Controlled Access
- Fenced Lot
About 427 E DELANO ST , TUCSON, AZ 85705
A newly remodeled Casita with a four bedroom home that was also remodeled in the last two years. This unique investment property is ready for an investor to come in and start collecting excellent cash flow. Rents are all provided by HUD Vach program and are guaranteed by HUD This property on E Delano St is in the Flowing Wells/West submarket of Tucson, Arizona, and contains 9 units - 8 1bd/1ba and 1 4bd/2ba. Currently, the property is 100% occupied, and brought in ~$34,800 of Net Operating Income in 2017. The property has a cap rate of 5.81%, and assuming the owner continues to self-manage, would generate a cash-on-cash return of roughly 6.9% in the first year of operation (with typical institutional financing rates). The property is on all city services, and utilities are included in rent.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $650.00 | - |
| 4+2 | 1 | $1,200 | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $50,749 |
Property Taxes
