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Multifamily

Pima Camilla Cottages

3110 East Pima Street, Tucson, AZ 85716

Listing Price: $1,705,000

Cap Rate
5.47%
Number of Units
16
Price/Unit
$106,563
Price/Gross SF
$165.84
Gross SF
10,281

Investment Overview

16-unit community pre-leased through August 2022 near the University of Arizona's Main Campus and Banner-University Medical Center. Potential redevelopment opportunity with O-3 and C-3 zoning allowing high-density multifamily and $400k+ of developer credits available.

Investment Highlights

  • 16-unit, low-density community proximate to University of Arizona Medical Center and Main Campus
  • Pre-leased through August of 2022, Pro Forma rents in financials are already locked in Aug21-Aug22
  • Potential development opportunity with $400K+ of development credits and additional .55 acre piece

Exclusively Listed By

Listing Price: $1,705,000

Cap Rate
5.47%
Number of Units
16
Price/Unit
$106,563
Price/Gross SF
$165.84
Gross SF
10,281

Investment Highlights

  • 16-unit, low-density community proximate to University of Arizona Medical Center and Main Campus
  • Pre-leased through August of 2022, Pro Forma rents in financials are already locked in Aug21-Aug22
  • Potential development opportunity with $400K+ of development credits and additional .55 acre piece

Investment Overview

16-unit community pre-leased through August 2022 near the University of Arizona's Main Campus and Banner-University Medical Center. Potential redevelopment opportunity with O-3 and C-3 zoning allowing high-density multifamily and $400k+ of developer credits available.

Exclusively Listed By

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