117 33rd St Tucson, AZ 85713-3665
- Apartment buildings
- 1,332 SF
- 0.32 lot acres
May 19, 2023
Current Use by Public Records
- Apartment buildings
Property Details for 117 33rd St
- Year built
- 1950
- Construction
- FRAME
- Lot size
- 0.32 lot acres
- Property size
- 1,332 SF
- Property type
- Apartment buildings
- APN
- 118-25-1770
- APU
- 118251770
Description
This exceptional 7-unit apartment building in Tucson, Arizona, presents a compelling investment opportunity. Located at 117 E 33rd St, this property boasts a strong 7.61% capitalization rate and a current NOI of $64,658.20. The 3,375 square foot building, constructed in 1963, features a desirable mix of unit sizes: four 2-bedroom units, two 1-bedroom units, and one studio apartment. Currently enjoying 100% occupancy, this property offers immediate cash flow. The solid block construction promises low maintenance, and ample parking is provided with 12 spaces. The property sits on APN 118-25-177 and is zoned SR2. Its convenient location near the university, airport, and interstates, coupled with its walkable neighborhood, ensures strong tenant demand. The asking price of $849,900 translates to an attractive price per square foot of $251.82 and under $123,000 per unit. This well-maintained property represents a rare opportunity to acquire a high-performing multifamily asset in a thriving Tucson market. The building consists of three structures.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $770,000
- ML approach
- $790,000
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Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.968
- Latitude
- 32.1958
- CBSA code
- 46060
- CBSA name
- TUCSON, AZ METROPOLITAN STATISTICAL AREA
