Oakwood Terrace
Oakwood Terrace
https://www.josephbernard.net/oakwood-terrace- Address:
- 2740 N Balboa Ave, Tucson, Arizona 85705
- Price:
- $5,100,000
- Units:
- 58
- Price per unit:
- $87,931
- Cap Rate:
- 6.15%
- Year Built:
- 1963
Highlights
- Value-add
- Resurfaced pool
- Developing neighborhood
- Laundry on site
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Oakwood Terrace
Summary
Joseph Bernard Investment Real Estate is pleased to present a 58 unit value add opportunity. 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.
Highlights
- Value-add
- Resurfaced pool
- Developing neighborhood
- Laundry on site
Oakwood Terrace
Located just minutes from the freeway provides easy access and quick commutes to different parts of Tucson. Three miles away from University of Arizona and 2.8 miles from downtown Tucson. Developing area with many new construction projects in the neighborhood. A 96 bike score and 69 walk score make this a desirable location and give easy access to food, shopping, and restaurants.
Oakwood Terrace
| Document Title | Document Type |
|---|---|
| Property Flyer | Adobe PDF |
Oakwood Terrace
5 Centerpointe Drive, Suite 400
Lake Oswego, OR 97035
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax