508 E Mohave Rd
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508 E Mohave Rd
7 Unit Apartment Building $913,042 CAD ($130,435 CAD/Unit) 7.08% Cap Rate Tucson, AZ 85705
Investment Highlights
- Value Add Opportunity
- Large Lot & Ample Parking
- Private Yards & Storage
- Individually Metered
- University of Arizona Proximity
Executive Summary
508 E Mohave Road is a seven (7) unit community that offers an excellent value-add opportunity for an investor looking for units in a strong Tucson submarket, only 7 minutes from the University of Arizona. At just shy of $93,000/unit, prospective buyers have the chance to acquire an asset at a great basis and capitalize on rental premiums by strategically repositioning the property through renovations and operational optimization.
Diverse unit mix of (3) 2bedx1bath units, (2) 1bedx1bath units (1) studio & (1) Mobile Home (legally affixed and viable for traditional debt. 10'x45' and not included as part of the 2,823 Property SF)), all with private, fenced yards and parking spaces.
100% Occupancy and gross rents of $5760/month (Do Not Disturb Tenants)
Investors have the opportunity to further renovate the units and/or capitalize on an operational value add through rent bumps, rentable storage/parking, etc..
Please contact Carter Marks with additional questions 623.238.3923
Diverse unit mix of (3) 2bedx1bath units, (2) 1bedx1bath units (1) studio & (1) Mobile Home (legally affixed and viable for traditional debt. 10'x45' and not included as part of the 2,823 Property SF)), all with private, fenced yards and parking spaces.
100% Occupancy and gross rents of $5760/month (Do Not Disturb Tenants)
Investors have the opportunity to further renovate the units and/or capitalize on an operational value add through rent bumps, rentable storage/parking, etc..
Please contact Carter Marks with additional questions 623.238.3923
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 1+1 | 2 | - | - |
| 2+2 | 1 | - | - |
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Walk Score ®
Very Walkable (79)
Bike Score ®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 106-04-180A | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $30,709 CAD |
PROPERTY TAXES
Parcel Number
106-04-180A
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$30,709 CAD
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Carter Marks -
Rachael Anderer -
ORION Investment Real Estate
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508 E Mohave Rd
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