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5350 E 30th St 7 Unit Apartment Building $595,000 ($85,000/Unit) 5.14% Cap Rate Tucson, AZ 85711
Investment Highlights
- Redevelopment opportunity
- R-3 zoning allows for high density residential development
- Potential to build additional units between the 2 parcels
- Large corner lot
- 2 tax lots
Executive Summary
Redevelopment opportunity in Tucson, AZ. Seven unit apartment building with two tax lots and potential to add additional units. The R-3 zone aims to accommodate high-density residential development, particularly multi-family dwellings. Besides multi-family housing, the R-3 zone allows for uses such as civic, educational, recreational, religious, and day care facilities. It also permits mid-rise office, medical, and other uses, including urban agriculture and renewable energy generation.
Property Facts
| Price | $595,000 | Property Subtype | Apartment |
| Price Per Unit | $85,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.40 AC |
| Cap Rate | 5.14% | Building Size | 3,024 SF |
| Sale Condition | Redevelopment Project | No. Stories | 1 |
| No. Units | 7 | Year Built | 1957 |
| Property Type | Multifamily | ||
| Zoning | R-3 - The R-3 zone aims to accommodate high-density residential development, particularly multi-family dwellings. | ||
| Price | $595,000 |
| Price Per Unit | $85,000 |
| Sale Type | Investment |
| Cap Rate | 5.14% |
| Sale Condition | Redevelopment Project |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 3,024 SF |
| No. Stories | 1 |
| Year Built | 1957 |
| Zoning | R-3 - The R-3 zone aims to accommodate high-density residential development, particularly multi-family dwellings. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $485.00 | 250 |
| 1+1 | 5 | $609.00 | 450 |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $18,292 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$18,292
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Presented by
Joseph Bernard Investment Real Estate
5350 E 30th St
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