Multifamily

Cielo Azul

3719 E Fairmount St, Tucson, AZ 85716

Listing Price: $900,000

Cap Rate
6.07%
Number of Units
12
Price/Unit
$75,000
Price/Gross SF
$137.61
Gross SF
6,540

Investment Overview

Cielo Azul is a 12-unit multifamily investment opportunity located off of Speedway Boulevard & Dodge Boulevard, surrounded by a robust collection of Midtown Tucson's high-profile retail centers & employment hubs. Positioned less than two miles from the University of Arizona & Banner-University Medical Center, residents enjoy immediate access to dense employment, education, and healthcare. Delivered in 1955, Cielo Azul provides a mix of studio, one-, and two-bedroom floor plans. With a weighted average unit size of 545 square feet, unit interiors include well-equipped kitchens, wood-look vinyl flooring, and individual heating and cooling. Based on Cielo Azul's prominent position within its competitive landscape, mid-century accents, and well maintained exteriors, the community is prime for continued, strategic interior improvements for corresponding rent premiums. Community amenities include covered parking, on-site laundry, barbecue grill & ramada, and individual storage units.

Investment Highlights

  • Boutique 12-unit community walking distance to Whole Foods.
  • Less than two-miles from University of Arizona.
  • Upside through continued interior improvements and corresponding rent premiums.

Exclusively Listed By

Listing Price: $900,000

Cap Rate
6.07%
Number of Units
12
Price/Unit
$75,000
Price/Gross SF
$137.61
Gross SF
6,540

Investment Highlights

  • Boutique 12-unit community walking distance to Whole Foods.
  • Less than two-miles from University of Arizona.
  • Upside through continued interior improvements and corresponding rent premiums.

Investment Overview

Cielo Azul is a 12-unit multifamily investment opportunity located off of Speedway Boulevard & Dodge Boulevard, surrounded by a robust collection of Midtown Tucson's high-profile retail centers & employment hubs. Positioned less than two miles from the University of Arizona & Banner-University Medical Center, residents enjoy immediate access to dense employment, education, and healthcare. Delivered in 1955, Cielo Azul provides a mix of studio, one-, and two-bedroom floor plans. With a weighted average unit size of 545 square feet, unit interiors include well-equipped kitchens, wood-look vinyl flooring, and individual heating and cooling. Based on Cielo Azul's prominent position within its competitive landscape, mid-century accents, and well maintained exteriors, the community is prime for continued, strategic interior improvements for corresponding rent premiums. Community amenities include covered parking, on-site laundry, barbecue grill & ramada, and individual storage units.

Exclusively Listed By

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