5220-5240 E Bellevue St - Apartments FOR SALE


Tucson, AZ 85712- Avalon
$9,500,000 USD
602-524-0418
5220-5240 E Bellevue St, Tucson, AZ for Sale
$9,500,000 USD
Apartments - FOR SALE
1/24
null | 6.33% Cap Rate

5220-5240 E Bellevue St
Tucson, AZ 85712
Avalon


OVERVIEW

Equilibrium Realty is pleased to offer this solid investment opportunity near the major arterial (Speedway Boulevard) in Tucson, Arizona. The Casa de Caro apartments were built in 1979 with 108 individually metered units. There are 98 studio units, 12 one bedroom one bath units, and one two bedroom one bath unit. The property is currently 94% occupied with an opportunity to increase rents with renovations. This property presents a significant value add opportunity with significant return on investment.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$75 USD /SF

# OF UNITS

108

PRICE/UNIT

$87,963

CAP RATE

6.33%

% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casa de Caro

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

115

LAND DETAILS

LAND ACRES

2.91 AC

LAND SF

126,760 SF

ZONING

R-3, Tucson

APN/PARCEL ID

121-12-051A,121-12-0530,121-12-0550

ASK ABOUT THIS PROPERTY

Joe DietzEquilibrium RealtyMore Info
602-524-0418

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Joe DietzEquilibrium RealtyMore Info
602-524-0418

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