Oakwood Terrace | 2740 N Balboa Ave
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Oakwood Terrace 2740 N Balboa Ave
58 Unit Block of Flats £3,994,830 (£68,876/Unit) 6.15% Net Initial Yield 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
| Price | £3,994,830 | Apartment Style | Garden |
| Price Per Unit | £68,876 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.48 AC |
| Net Initial Yield | 6.15% | Building Size | 29,184 SF |
| No. Units | 58 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 1963 |
| Property Subtype | Apartment |
| Price | £3,994,830 |
| Price Per Unit | £68,876 |
| Sale Type | Investment |
| Net Initial Yield | 6.15% |
| No. Units | 58 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.48 AC |
| Building Size | 29,184 SF |
| Number of Floors | 1 |
| Year Built | 1963 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 12 | £523.24 | 360 |
| 1+1 | 44 | £669.72 | 525 |
| 2+1 | 2 | £771.55 | 800 |
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Bike Score ®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 107-13-081A | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £103,292 |
PROPERTY TAXES
Parcel Number
107-13-081A
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£103,292
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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