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Eagle Ridge Apartments 2602 N Balboa Ave 8 Unité Immeuble d’appartements 1 002 951 $ CAD (125 369 $ CAD/Unité) 7,03% Taux de capitalisation Tucson, AZ 85705
Certaines informations ont été traduites automatiquement.
FAITS SAILLANTS DE L'INVESTISSEMENT
- Value-add opportunity
- Operational upside
- Excess land
- Below market rents
- Recent capital improvements
- Attractive unit mix
RÉSUMÉ DE L'ANNONCE
Eagle Ridge Apartments offers a prime value-add multifamily investment opportunity in Central Tucson. This 8-unit property features an appealing unit mix of (1) Studio, (6) 1BD/1BAs, and (1) spacious 3BD/2BA each with floorplans ideal for future renovations. The asset presents both physical and operational upside, making it an excellent fit for investors seeking to enhance cash flow and long-term returns.
Select units have received partial upgrades such as updated cabinets, flooring, paint, AC units, and fixtures. There is still significant potential to modernize kitchens, bathrooms, and finishes across all units to meet current market standards. The property’s strong foundation supports a partial renovation strategy that can drive rental growth and increase asset value. Community amenities include private backyards, ample on-site parking, and laundry facilities, all of which contribute to tenant satisfaction and retention. Enhancing curb appeal and upgrading common areas may offer additional opportunities to boost demand and overall property performance.
Operationally, Eagle Ridge Apartments provides further upside. Built in 1945/1948 with recent improvements, the property features individually metered electricity and gas, while water, sewer, and trash are master-metered. While currently, there is no RUBS program in place, and ownership covers all utilities except electric. Implementing a RUBS bill-back system would allow cost recovery and improve net operating income with minimal investment.
Strategically located near major employment hubs, educational institutions, and healthcare facilities, the property is just three miles from the University of Arizona and Banner University Medical Center. Its proximity to retail corridors along Oracle and Grant Roads, as well as public transportation and major arterial routes, ensures strong rental demand and long-term tenant stability.
Select units have received partial upgrades such as updated cabinets, flooring, paint, AC units, and fixtures. There is still significant potential to modernize kitchens, bathrooms, and finishes across all units to meet current market standards. The property’s strong foundation supports a partial renovation strategy that can drive rental growth and increase asset value. Community amenities include private backyards, ample on-site parking, and laundry facilities, all of which contribute to tenant satisfaction and retention. Enhancing curb appeal and upgrading common areas may offer additional opportunities to boost demand and overall property performance.
Operationally, Eagle Ridge Apartments provides further upside. Built in 1945/1948 with recent improvements, the property features individually metered electricity and gas, while water, sewer, and trash are master-metered. While currently, there is no RUBS program in place, and ownership covers all utilities except electric. Implementing a RUBS bill-back system would allow cost recovery and improve net operating income with minimal investment.
Strategically located near major employment hubs, educational institutions, and healthcare facilities, the property is just three miles from the University of Arizona and Banner University Medical Center. Its proximity to retail corridors along Oracle and Grant Roads, as well as public transportation and major arterial routes, ensures strong rental demand and long-term tenant stability.
FAITS SUR LA PROPRIÉTÉ
| Prix | 1 002 951 $ CAD | Classe d’immeuble | C |
| Prix par unité | 125 369 $ CAD | Taille du lot | 0,52 AC |
| Type de vente | Investissement | Taille du bâtiment | 5 300 pi² |
| Taux de capitalisation | 7,03% | Occupation moyenne | 100% |
| Nombre d’unités | 8 | Nombre d’étages | 1 |
| Type de propriété | Immeuble residentiel | Année de construction | 1945 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 2,26/1 000 pi² |
| Style d’appartement | Jardin | ||
| Zonage | R-3, Tucson | ||
| Prix | 1 002 951 $ CAD |
| Prix par unité | 125 369 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 7,03% |
| Nombre d’unités | 8 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Jardin |
| Classe d’immeuble | C |
| Taille du lot | 0,52 AC |
| Taille du bâtiment | 5 300 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 1 |
| Année de construction | 1945 |
| Ratio de stationnement | 2,26/1 000 pi² |
| Zonage | R-3, Tucson |
COMMODITÉS
COMMODITÉS DES UNITÉS
- Climatisation
- Espace d'entreposage
- Planchers de tuiles
- Réfrigérateur
- Fourchette
- Bain/Douche
- Congélateur
- Plancher de vinyle
COMMODITÉS DU SITE
- Installations de lessive
- Transport en commun
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| Studios | 1 | - | 500 |
| 1+1 | 6 | - | 600 |
| 3+2 | 1 | - | 1 200 |
1 1
Walk Score®
Très pratique à pied (72)
Bike Score®
Un paradis pour un cycliste (95)
Impôts fonciers
| Numéro de lot | 107-13-138C | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 36 065 $ CAD |
Impôts fonciers
Numéro de lot
107-13-138C
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
36 065 $ CAD
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Eagle Ridge Apartments | 2602 N Balboa Ave
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