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5350 E 30th St 7 Unit Apartment Building $814,841 CAD ($116,406 CAD/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 | $814,841 CAD | Property Subtype | Apartment |
| Price Per Unit | $116,406 CAD | 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 | $814,841 CAD |
| Price Per Unit | $116,406 CAD |
| 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 | $664.20 CAD | 250 |
| 1+1 | 5 | $834.01 CAD | 450 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $25,305 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$25,305 CAD
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Presented by
Joseph Bernard Investment Real Estate
5350 E 30th St
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