2803 N Geronimo Avenue, Tucson, AZ 85705 Assigned

  • $310000

 

  • 11.6 Cap Great BRRRR
  • Rehab ~50k
  • ARV $445
  • Inspection report available upon request
  • 3/1 rents for $1100
  • 2/1’s rent for $950
  • Two duplexes on one lot.
  • Conveniently located on Glenn St within walking distance to retail, restaurants and bus lines.
  • Large units with one 3/1 unit and three 2/1 units with off street parking, front porches and rear fenced patios.
  • Across the street from an elementary school with a park just a few blocks away.
  • Rents are under market and can easily be raised.
  • Three of the units are mo to mo.

COMP:

  1. https://www.zillow.com/homedetails/2833-N-Estrella-Ave-Tucson-AZ-85705/2076805710_zpid/
    • This was a tri plex comp.
      2 bedrooms 1 baths on Tri plex
      sold 108k a door
      Ours is 4 plex
      3 two bedrooms and 1 baths and then also a 4th unit 3 bedroom and 1 bath
      3 bed 1 bath
      1100×1 = 1100.00
      Total gross rents 3950.00
      310k/4 = 77 a door
      If you add cap ex 50k rehab
      360k/4 =  90 a door
Price:
$310000
Address:
Terms:
Assignment of Contract
Property Type:
Multi-family

Call 480-703-5914 or Email us
for more details