Summary

Sherwood Terrace is an exceptional 20 unit property situated in the desirable NW Tucson area. This well maintained complex offers investors a low risk value add opportunity, with the potential to maximize returns by raising rents to their highest in the building. The owners of Sherwood Terrace have made substantial investments in renovations, totaling over $150,000. These upgrades have significantly enhanced the property's value and appeal, positioning it for even greater profitability. Renovations include up updated roof, repairs and replacements of air conditioning units, stair and balcony fixes, plumbing repairs, an upgraded laundry room, replacement of four water heaters, repairs to the main gate, and a fresh coat of paint on all four buildings. For investors seeking a value add opportunity in a thriving rental market, Sherwood Terrace presents an attractive proposition. The combination of individually metered units, RUBS in place, extensive renovations, and the potential to raise rents to their highest in the building offers a compelling low risk investment opportunity.