117 33rd St, Tucson, AZ 85713-3665

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.