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Fairmount Manor 4444 E Fairmount St 54 Unit Apartment Building $5,940,000 ($110,000/Unit) 5.38% Cap Rate Tucson, AZ 85712
Investment Highlights
- Remodeled units
- New kitchen appliances w/ microwaves
- New management office
- New paint, New A/C's, New roofs
- Large, private fenced backyards
- Remodeled laundry room & equipment
Executive Summary
Fairmount Manor is a single-story apartment community in Midtown Tucson that offers comfortable Studio, 1 and 2 bedroom apartment homes in a peaceful, low density setting. Each 1 and 2 bedroom unit has a private, fenced back yard and brand new air conditioning. Units feature tile floors, ceiling fans, built-in microwaves, new countertops and cabinets and spacious closets. Onsite, residents enjoy self service laundry facilities, ample parking and a sparkling swimming pool.
Property Facts
| Price | $5,940,000 | Building Class | C |
| Price Per Unit | $110,000 | Lot Size | 2.20 AC |
| Sale Type | Investment | Building Size | 31,384 SF |
| Cap Rate | 5.38% | Average Occupancy | 93% |
| No. Units | 54 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1977 |
| Property Subtype | Apartment | Parking Ratio | 2.83/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R-3 - Multi Family | ||
| Price | $5,940,000 |
| Price Per Unit | $110,000 |
| Sale Type | Investment |
| Cap Rate | 5.38% |
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.20 AC |
| Building Size | 31,384 SF |
| Average Occupancy | 93% |
| No. Stories | 1 |
| Year Built | 1977 |
| Parking Ratio | 2.83/1,000 SF |
| Zoning | R-3 - Multi Family |
Amenities
Unit Amenities
- Air Conditioning
- High Speed Internet Access
- Oven
- Range
- Views
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Security System
- Tenant Controlled HVAC
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | $617.00 | 400 |
| 1+1 | 34 | $769.00 | 500 |
| 2+1 | 10 | $1,017 | 625 |
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Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (83)
Property Taxes
| Parcel Number | 122-12-076A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $171,034 |
Property Taxes
Parcel Number
122-12-076A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$171,034
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
Joseph Bernard Investment Real Estate
Fairmount Manor | 4444 E Fairmount St
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