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
2614 Apartments
Document Title | Document Type |
---|---|
Property Flyer | Adobe PDF |
2614 Apartments
Adam Dresher
adresher@josephbernard.net5 Centerpointe Drive, Suite 400
Lake Oswego, OR 97035
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax