1022 N PALO VERDE BLVD Tucson AZ 85716-4376

The Palo Verde Apartments consist of 8 units in Tucson, Arizona. 5 of the 8 units have been fully remodeled, as well as a new roof, updated plumbing, updated electrical, new interior and outdoor paint, and more. The renovations equate to a $115-$215 monthly increase in rent for updated units, significantly increasing the potential cash flow of the property. 

Once all renovations have been complete, the property is projected to bring in nearly $55,000 in potential rental income. Once the property has stabilized under new management, assuming an investor would continue to self-manage, the operating expenses are projected to sit at around 38%, equating to a proforma NOI of roughly $34,200. this would bring the proforma cap rate up to 7.86%. Also of note, the current lender is willing to carry at 50% down and 7% interest - for more information on this, please contact the agent, Elan.

The Palo Verde Apartments consist of 8 units in Tucson, Arizona. 5 of the 8 units have been fully remodeled, as well as a new roof and new outdoor paint. The renovations equate to a $115-$215 monthly increase in rent for updated units, significantly increasing the potential cash flow of the property.

Once all renovations have been complete, the property is projected to bring in nearly $55,000 in potential rental income. Once the property has stabilized under new management, assuming an investor would continue to self-manage, the operating expenses are projected to sit at around 38%, equating to a proforma NOI of roughly $34,200. this would bring the proforma cap rate up to 7.86%. Also of note, the current lender is willing to carry at 50% down and 7% interest - for more information on this, please contact the agent, Elan.