Equilibrium Real Estate Investments
Listed by Equilibrium Real Estate Investments
$1,950,000
Fontana Court and Fontana East
Details
APN 107-11-070 and 107-11-049-B
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,334
Net Rentable (SqFt) 12,334
Units 24
Occupancy 92%
Pro-Forma Cap Rate 13.97%
Pro-Forma NOI $272,340
Price per SqFt $158
Broker Co-Op Yes
Class C
Year Built 1952,1953
Buildings 9
Stories 1
Acreage 1.500
Zoning C-2, R-2
Ownership Equilibrium Investments
Cash Flow Multi-Family with Value Add Opportunity
Marketing description
Equilibrium Realty is pleased to present this two property investment offering with a total of 24 individually metered units in central Tucson, Arizona. Fontana Court was built in 1952 with 13 units (12 one bed units plus 1 two bed) is located at 3127 North Fontana Avenue. Fontana East was built in 1953 with 11 units (9 one bed units plus 1 three bed ) is located at 3134 North Fontana Avenue. All units include a drive up covered carport. The property is currently 92% occupied with more opportunity to increase rents. This investment offers cash flow at COE.
Listing Contacts
Equilibrium Real Estate Investments
Listed by Equilibrium Real Estate Investments
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