MULTIFAMILY 2620-2630 N 4TH AVE D. 520.548.432 LONG REALTY COMPANY // 520.548.432 // 890 E RIVER RD, TUCSON, AZ 8578 // WWW.COMMERCIALTUCSONREALESTATE.COM
2620-2630 N 4TH AVE OFFERING SUMMARY Sale Price: PROPERTY OVERVIEW $80,000 Number Of Units: Cap Rate: NOI: Lot Size: Building Size: Zoning: Price / SF: 9 9.0% $72,905 45975.0 Acres,039 R-2 $73.38 Executive Summary LONG REALTY COMPANY // 520.548.432 // 890 E RIVER RD, Well maintained investment property located in an area with a high demand for rental units. 6 casitas built between 948 and 973 and 3 mobile homes for a total of 9 units. Capital expenditures in 207 include, flooring, drywall repair, painting, kitchen repairs, bathroom renovations, roof repairs, and plumbing repairs to totaling $92k. Property is constructed with individual meters for electricity and gas. Water is on a master meter. Figures presented are actual rents with an expense pro-forma. LOCATION OVERVIEW Population and Demographics Tucson is the second-largest city in Arizona with a population of 653,359. It is the largest city in Pima County, which totals.205 million residents. Located 60 miles from the U.S.-Mexico border, Tucson is expected to grow to 727,392 residents by 2020 (.335 million in Pima County). Median age is 32.5 years (204) Median household income is $45,600 (205) Median household income projection is $5,600 (2020) Tucson is a diverse market with a rich cultural heritage that contains a blend of Native American, Spanish, Mexican and Anglo-American influences. Tucson ranks high nationally in various categories including: Top 0 city for export assistance in global trade; Top Southwest city for millennials; Top 5 city for entrepreneurs; and second best city in America to find a job. Tucson blends natural beauty with a culture of innovation to create a distinctive lifestyle that attracts a diversity of people and commerce. In 204, Tucson launched Sun Link, a fixed electric rail system that operates eight vehicles between Downtown Tucson and the University of Arizona campus for a total route of 3.9-miles. Downtown Tucson has now received an investment of over million to revitalize the downtown area. With more projects in the pipeline including two new hotels, multi-family residences, and retail, Downtown Tucson is becoming a hot spot for consumers and businesses alike. Education. 520.548.432 The University of Arizona is vital to Tucson and Southern Arizona, having received national and international attention. It has thedlargest optics second T U C S O Nprogram, A Z 8 5 7 among 8 / / W U.S. W W. Cinstitutions, O M M E R C I A L T UisC S O N R E A Lin E Sfunding T A T E. C Ofor M the physical sciences, and is ranked 6th for the employability of its graduates. U of A brings
2620-2630 N 4TH AVE Additional Photos LONG REALTY COMPANY // 520.548.432 // 890 E RIVER RD, TUCSON, AZ 8578 // WWW.COMMERCIALTUCSONREALESTATE.COM D. 520.548.432
2620-2630 N 4TH AVE Additional Photos LONG REALTY COMPANY // 520.548.432 // 890 E RIVER RD, TUCSON, AZ 8578 // WWW.COMMERCIALTUCSONREALESTATE.COM D. 520.548.432
2620-2630 N 4TH AVE INVESTMENT OVERVIEW Price Price per Unit GRM CAP Rate $80,000 $42,63 5.6 9.0% OPERATING DATA Gross Scheduled Income Other Income Total Scheduled Income Vacancy Cost Gross Income Operating Expenses Net Operating Income Financial Summary LONG REALTY COMPANY // 520.548.432 // 890 E RIVER RD, TUCSON, AZ 8578 // WWW.COMMERCIALTUCSONREALESTATE.COM $45,800 $0 $45,800 $7,290 $38,50 $65,605 $72,905 D. 520.548.432
2620-2630 N 4TH AVE INCOME SUMMARY Gross Income PER SF $38,50 EXPENSE SUMMARY $2.55 PER SF General & Admin Leasing & Marketing Repairs & Maintenance Contract Services / Landscaping Utilities Property Taxes Property Insurance Management Fee Reserves $2,70 $3,033 $0,596 $3,878 $20,430 $4,32 $6,648 $,08 $2,97 $0.24 $0.27 $0.96 $0.35 $.85 $0.39 $0.60 $.00 $0.26 Gross Expenses $65,605 $5.94 Net Operating Income $72,905 $6.60 Income & Expenses LONG REALTY COMPANY // 520.548.432 // 890 E RIVER RD, TUCSON, AZ 8578 // WWW.COMMERCIALTUCSONREALESTATE.COM D. 520.548.432
2620-2630 N 4TH AVE CURRENT NUMBER BED BATH RENT 2620 # $450 2620 #2 2620 #3 2620 #4 $450 2620 #5 2620 #6 2620 #7 3 $900 2620 #8 2 $800 2620 #9 2620 #0 4 $900 2620 # 4 $900 2620 #2 4 $850 2630 # 3 $900 2630 # 2 2630 #3 $450 2630 #7 $450 2630 #4 Mobile Home 2 $500 2630 #5 Mobile Home 2 $500 2630 #6 Mobile Home $500 Rent Roll LONG REALTY COMPANY // 520.548.432 // 890 E RIVER RD, TUCSON, AZ 8578 // WWW.COMMERCIALTUCSONREALESTATE.COM D. 520.548.432
2620-2630 N 4TH AVE CURRENT NUMBER BED BATH RENT Totals/Averages Rent Roll LONG REALTY COMPANY // 520.548.432 // 890 E RIVER RD, TUCSON, AZ 8578 // WWW.COMMERCIALTUCSONREALESTATE.COM $2,50 D. 520.548.432
2620-2630 N 4TH AVE Location Maps LONG REALTY COMPANY // 520.548.432 // 890 E RIVER RD, TUCSON, AZ 8578 // WWW.COMMERCIALTUCSONREALESTATE.COM D. 520.548.432
2620-2630 N 4TH AVE POPULATION MILE 2 MILES 3 MILES Total population 6,606 56,95 20,604 Median age 30.5 3.8 3.9 Median age (male) 3. 3.4 3.3 Median age (Female) 29.2 32.2 33.0 MILE 2 MILES 3 MILES 7,94 24,876 50,933 2.3 2.3 2.4 Average HH income $27,2 $32,95 $37,929 Average house value $2,863 $32,766 $53,425 HOUSEHOLDS & INCOME Total households # of persons per HH * Demographic data derived from 200 US Census Demographics Map LONG REALTY COMPANY // 520.548.432 // 890 E RIVER RD, TUCSON, AZ 8578 // WWW.COMMERCIALTUCSONREALESTATE.COM D. 520.548.432