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Off-Market Investment Opportunity

2126 & 2132 N. Belvedere Ave,
Tucson, AZ 85712

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2126 N. Belvedere Ave

Single Family

2 Bed / 1.5 Bath

9,500 SqFt Lot

Large Pool

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2132 N. Belvedere Ave

Multi-Family

Unit 1 - 1 Bed / 1 Bath

Unit 2 - 1 Bed / 1 Bath

Unit 3 - 2 Bed / 1 Bath

Asking Price: $520,000

Cap Rate: 6.5%

Full rented triplex and SFR located on adjacent parcels in the heart of Tucson!

SFR has R-2 zoning with adequate square footage to build a 3 bed 2 bath house

 

2132 N. Belvedere Ave - Triplex

2126 N. Belvedere Ave - SFR

Pro Forma

Property  Details

Property

Single Family

2126 N. Belvedere Ave

Multi-Family

2132 N. Belvedere Ave

Unit 1

Unit 2

Unit 3

Total

SqFt

776

2,115

650

650

815

2,891

Bed

2

4

1

1

2

6

Bath

1.5

3

1

1

1

4.5

Rental Assumptions

Property

Single Family

2126 N. Belvedere Ave

Multi-Family

2132 N. Belvedere Ave

Unit 1

Unit 2

Unit 3

Total

Total

$1,200

$2,850

$905

$905

$1,040

$4,050

Per SF

1.55

2.8

1.30

1.30

1.20

Pro Forma Income Statement Annualized

Gross Rental Income

Less Operating Expenses

Vacancy

Property Taxes (reassessed est.)

Insurance

Maintenance

Property Management

Net Operating Income

Cap Rate

 

5%

4%

3%

7%

8%

$46,380

($2,319)

($1,855)

($1,391)

($3,247)

($3,710)

$33,857

6.57%

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