4302 Bellevue St, Tucson, AZ 85712

This exceptional multifamily investment opportunity presents a 27-unit apartment building located at 4302 E Bellevue St, Tucson, Arizona, 85712. Boasting 14,310 square feet of rentable space, this property offers a compelling value-add proposition. Built in 1962 and zoned R-3, the building features a desirable low-rise/garden configuration, enhancing its appeal to tenants. Each of the 27 units is a one-bedroom apartment. The property benefits from a convenient location near Downtown Tucson, providing easy access to the University of Arizona and Banner Health. Keypad entry enhances security. The exterior and common areas are well-maintained. The asking price is $3,375,000, representing a price per unit of $125,000. The property's strong financial performance is highlighted by a Pro-Forma NOI of $208,956 and a Pro-Forma Cap Rate of 6.19%. This presents a perfect opportunity for a 1031 exchange, offering significant potential for investors seeking a boutique property with substantial upside. The property's strong location, combined with its well-maintained condition and attractive unit configuration, makes it an ideal investment for those seeking a stable and growing income stream.