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W Flores Street
W Flores Street
https://www.josephbernard.net/w-flores-street- Address:
- 302 W Flores Street, Tucson, Arizona 85705
- Price:
- $1,078,000
- Units:
- 14
- Price per unit:
- $77,000
- Cap Rate:
- 6.56%
- Year Built:
- 1948
Highlights
- Actual 6% cap rate based on trailing 3 months operations
- Interior and landscaping upgrades
- Value-add with exterior paint and continued interior upgrades
- On-site laundry
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W Flores Street
Summary
A 14-unit community located in one of the top markets in the nation. Tucson has low vacancies, high rent growth, and high population growth with many industries moving jobs to the area. A nice mix of studios, 1-bedrooms, and one 3-bedroom unit. Value-add property with continued improvement to both exterior and interiors. Seller has steadied the property over the last few months and will be looking to 1031 exchange into a larger property. Current 6% cap rate over last 3 months of operations.
Highlights
- Actual 6% cap rate based on trailing 3 months operations
- Interior and landscaping upgrades
- Value-add with exterior paint and continued interior upgrades
- On-site laundry
W Flores Street
W Flores Street/N 11th Avenue
W Flores Street
| Document Title | Document Type |
|---|---|
| Property Flyer | Adobe PDF |
W Flores Street
Joe Boyle
jboyle@josephbernard.net
Joseph Bernard, LLC
5200 S Macadam Avenue
Suite 300
Portland, Oregon 97239
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax
5200 S Macadam Avenue
Suite 300
Portland, Oregon 97239
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax