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2614 Apartments

2614 Apartments

https://www.josephbernard.net/2614-apartments-
Address:
2614 N Los Altos Avenue, Tucson, Arizona 85705
Price:
$1,125,000
Units:
9
Price per unit:
$125,000
Cap Rate:
6.17%
Year Built:
1953

Highlights

  • Significant renovations in 2021/2022
  • All standalone units
  • Extensive capital improvements
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2614 Apartments

Summary

The 2614 Apartments is a charming garden-style apartment community situated in NW Tucson. Boasting 9 units, this tranquil property provides a calm retreat, all while being a mere 10-minute drive from the University of Arizona and the Tucson Mall, making it an ideal location. Nearby conveniences include Banner University Hospital, Walmart, and Whole Foods.

The community consists of eight recently refurbished, stand-alone 1-bedroom units, and one 3-bedroom unit, with each apartment individually metered and featuring a designated covered parking space. The property presents an opportunity for increased cash flow for the new owner through raising rents to market rates and implementing RUBs.

Additionally, the property offers a generous amount of space at the back, which provides a unique chance for the construction of additional units, pending approval from the city.

Highlights

  • Significant renovations in 2021/2022
  • All standalone units
  • Extensive capital improvements

2614 Apartments

N Los Altos Avenue/E Jacinto Street

2614 Apartments

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2614 Apartments

Document Title Document Type
Property Flyer Adobe PDF

2614 Apartments

Joseph Bernard, LLC
5 Centerpointe Drive, Suite 400
Lake Oswego, OR 97035
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax