270 W Tacoma St - Apartments FOR SALE


Sierra Vista, AZ 85635
$4,500,000 USD
520-428-0850
270 W Tacoma St, Sierra Vista, AZ for Sale
$4,500,000 USD
Apartments - FOR SALE
1/25
null | 6.65% Cap Rate

270 W Tacoma St
Sierra Vista, AZ 85635


HIGHLIGHTS

  • Turn-key opportunity
  • Stabilized professional management
  • Large, single level units with private enclosed patio
  • All units have W/D hookups
  • Two covered carport parking spaces per unit
  • Desirable 3 Bed/2 Bath floorplan

OVERVIEW

The Sierra Court Apartments is a 30-unit housing community comprised of (30) 3BD/2BA units in Sierra Vista in Southern Arizona. The units feature solid wood cabinetry, two-toned paint, washer/dryer hookups, and exterior storage. The units have oversized closets, central heating and air conditioning, and a private enclosed patio for each tenant. The residents have 2 covered carport parking spaces per unit. The property features a quaint courtyard area, playground and sweeping mountain views. The property consists of (7) fourplexes and (1) duplex, each situated on their own lot. The property has stabilized professional management with many long term residents. Utilities are billed back to tenants. Exterior updates include new roofs and new AC units. The Sierra Vista Apartments is a turn-key asset with value-add opportunity through rental increases and operational upside. It offers a unique opportunity to capitalize on the growth happening in the region providing both immediate rental income and long-term value appreciation.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$134 USD /SF

# OF UNITS

30

PRICE/UNIT

$150,000

CAP RATE

6.65%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sierra Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.28 AC

LAND SF

99,317 SF

ZONING

MFR (MR-2)

APN/PARCEL ID

106-65-034,106-65-035,106-65-036,106-65-037,106-65-038,106-65-039,106-65-040,106-65-041

ASK ABOUT THIS PROPERTY

Joe BoyleJoseph Bernard Investment Real EstateMore Info
520-428-0850

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Joe BoyleJoseph Bernard Investment Real EstateMore Info
520-428-0850

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.