2740 N Balboa Ave, Tucson, AZ 85705

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$5,100,000
Active for Sale
 
Listing ID 11355428
Property Type Multi-Unit (5+)
County Pima
Tax ID 000000-000.000-0039-003.000
FEMA Flood Map fema.gov/portal
Year Built 1963
Associated Documents
BROCHUREMarketing Flyer
 
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58 units in Central Tucson, Oakwood Terrace Apartments

Oakwood Terrace is a 58 unit value add opportunity in Central Tucson. Recent projects include interiors turnover, resurfaced pool, second laundry room on site built out, and new exterior paint. Interiors are mostly classic condition, upgrading units could bring in as much as $300-400/unit rental premium compared to other properties in area. This gated community provides a private and secure place to live for tenants.
Property Details
  • 29184 SF
  • 2.48 Acres
  • Built in 1963
  • Available 10/21/2024
Exterior Features
  • Pool
Commercial Info
  • 6% Cap. Rate
Income/Expenses
  • Net Income $313,432
  • Total Exp $245,508
Listed By
Joseph Bernard Investment Real Estate
Office: 480-305-5600
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