Oakwood Terrace | 2740 N Balboa Ave
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Oakwood Terrace 2740 N Balboa Ave
58 Unit Apartment Building $7,360,320 CAD ($126,902 CAD/Unit) 6.15% Cap Rate Tucson, AZ 85705
INVESTMENT HIGHLIGHTS
- Laundry on site
- Developing neighborhood
- Value-add opportunity
- Individually metered for electric
- Resurfaced pool
EXECUTIVE 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.
PROPERTY FACTS Under Contract
| Price | $7,360,320 CAD | Apartment Style | Garden |
| Price Per Unit | $126,902 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 2.48 AC |
| Cap Rate | 6.15% | Building Size | 29,184 SF |
| No. Units | 58 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment |
| Price | $7,360,320 CAD |
| Price Per Unit | $126,902 CAD |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| No. Units | 58 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.48 AC |
| Building Size | 29,184 SF |
| No. Stories | 1 |
| Year Built | 1963 |
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Storage Space
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | $964.06 CAD | 360 |
| 1+1 | 44 | $1,234 CAD | 525 |
| 2+1 | 2 | $1,422 CAD | 800 |
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Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 107-13-081A | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $190,312 CAD |
PROPERTY TAXES
Parcel Number
107-13-081A
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$190,312 CAD
ZONING
| Zoning Code | R-3, Tucson |
| R-3, Tucson |
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Joseph Bernard Investment Real Estate
Oakwood Terrace | 2740 N Balboa Ave
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