Equilibrium Real Estate Investments
Listed by Equilibrium Real Estate Investments
$1,395,000
Balboa Avenue and Delano Court
Details
APN 107-11-076A, 107-14-229
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,760
Net Rentable (SqFt) 11,760
Units 29
Broker Co-Op Yes
Class C
Year Built 1947,1948
Buildings 8
Stories 1
Acreage 1.200
Zoning R-1, R-2, City of Tucson
Investment Type Value Add
Ownership Equilibrium Investments
Multifamily Renovation Opportunity of Two Properties in Tucson | 29 Units
Marketing description
Equilibrium Realty is pleased to present a heavier renovation opportunity in a strong rental location of central Tucson. The offering consists of two properties, Balboa Avenue, a vacant 15 unit (all one bed) property was built in 1948. Delano Court, a vacant 14 unit (mix of studio, one bed and two bed) property was built in 1947. Both properties are permitted for all renovations required to begin leasing operations. Estimates range from $15K to $30K per unit to complete renovations. At stabilization, value will exceed $2.5M to $3.0M. Seller is flexible to all offers.
Listing Contacts
Equilibrium Real Estate Investments
Listed by Equilibrium Real Estate Investments
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
