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Casa Larga Apartments 6590 E Golf Links Rd 36 Unit Apartment Building $2,395,000 ($66,528/Unit) 6.85% Cap Rate Tucson, AZ 85730
Executive Summary
Equilibrium Realty is pleased to offer this solid investment opportunity along Golf Links Road, a major east-west arterial in Tucson, Arizona. The Casa Larga
apartment complex was built in 1979 with 36 individually metered units. There are 24 studio units and 12 one bed one bath units. The property has 30% vacancy
due to separation from a third party housing provider. As the property reaches stabilization, the cash flow improves to a solid 7% cap plus. Seller is motivated
and will entertain all offers
apartment complex was built in 1979 with 36 individually metered units. There are 24 studio units and 12 one bed one bath units. The property has 30% vacancy
due to separation from a third party housing provider. As the property reaches stabilization, the cash flow improves to a solid 7% cap plus. Seller is motivated
and will entertain all offers
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Third Party Reports
Property Facts Under Contract
| Price | $2,395,000 | Apartment Style | Low-Rise |
| Price Per Unit | $66,528 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.99 AC |
| Cap Rate | 6.85% | Building Size | 20,416 SF |
| Gross Rent Multiplier | 7.23 | Average Occupancy | 83% |
| No. Units | 36 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 1.3/1,000 SF |
| Zoning | O-3, Tucson | ||
| Price | $2,395,000 |
| Price Per Unit | $66,528 |
| Sale Type | Investment |
| Cap Rate | 6.85% |
| Gross Rent Multiplier | 7.23 |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.99 AC |
| Building Size | 20,416 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | O-3, Tucson |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 24 | - | 350 |
| 1+1 | 12 | - | 418 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 136-25-271G | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $88,647 |
Property Taxes
Parcel Number
136-25-271G
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$88,647
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Casa Larga Apartments | 6590 E Golf Links Rd
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