APARTMENT OFFERING - LoopNet...Net Rental Income $186,390 Plus: Laundry Income 1,900.66 Total...
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Represented by: John C. Buette Designated Broker 2954 N. Campbell Ave., Suite 148 Tucson, Arizona 85719 520.797.4406 Office 520.797.4407 Fax [email protected] APARTMENT OFFERING SALES PRICE - Unpriced Buette DeRousse Commercial Real Estate Properties, LLC. Buette DeRousse Property Location: Northcentral Tucson 1811 E. Blacklidge Drive Units: 30 Units: (1BD/1BA) Type: Garden Apartment Total Square Feet: ± 14,400/SF Total Acres: ± 1.12 (One Parcel) Occupancy: 100% Property Highlights: • Supreme Location • 100% Occupied • Strong Rental Market • Well Maintained • Excellent ROI • Maximum Curb Appeal • Strong Rental History • Pool, Laundry Facility • Actual Financials • Turnkey Investment All information contained herein is deemed to be reliable but is not guaranteed by Buette DeRousse or any of its authorized representatives. Buette DeRousse advises all interested parties to independently verify all pertinent facts before committing to any binding agreements. One of the owners of the subject property is an Arizona RE licensee. Property Highlights:
Transcript of APARTMENT OFFERING - LoopNet...Net Rental Income $186,390 Plus: Laundry Income 1,900.66 Total...
Represented by:
John C. BuetteDesignated Broker
2954 N. Campbell Ave., Suite 148Tucson, Arizona 85719
520.797.4406 Office
520.797.4407 Fax
APARTMENT OFFERING
S A LE S P R I C E - U n p r i c e d
Buette DeRousseCommercial Real Estate Properties, LLC.
B u e t t e D e R o u s s e
Property Location: Northcentral Tucson1811 E. Blacklidge Drive
Units: 30 Units: (1BD/1BA)
Type: Garden Apartment
Total Square Feet: ± 14,400/SF
Total Acres: ± 1.12 (One Parcel)
Occupancy: 100%
Property Highlights:
• Supreme Location
• 100% Occupied
• Strong Rental Market
• Well Maintained
• Excellent ROI
• Maximum Curb Appeal
• Strong Rental History
• Pool, Laundry Facility
• Actual Financials
• Turnkey Investment
All information contained herein is deemed to be reliable but is not guaranteed by Buette DeRousse or any of its authorized representatives. Buette DeRousse advises all interested parties to independently verify all pertinent facts before committing to any binding agreements. One of the owners of the subject property is an Arizona RE licensee.
Property Highlights:
Represented by:
John C. BuetteDesignated Broker
2954 N. Campbell Ave., Suite 148Tucson, Arizona 85719
520.797.4406 Office
520.797.4407 Fax
www.bcrep.com
Multifamily Income
Buette DeRousseCommercial Real Estate Properties, LLC.
B u e t t e D e R o u s s e
P r o p e r t y D e s c r i p t i o n
All information contained herein is deemed to be reliable but is not guaranteed by Buette DeRousse or any of its authorized representatives. Buette DeRousse advises all interested parties to independently verify all pertinent facts before committing to any binding agreements. One of the owners of the subject property is an Arizona RE licensee.
A r e a D e s c r i p t i o n
The nearby University of Arizona serves as a focal point of the community, offering a full calendar of performances and events, from collegiate sports to world-class performing arts. The University of Arizona is the largest employer in the greater Tucson area, with approximately 14,000 jobs and a payroll in the range of $600 million.
A variety of popular retail outlets are within walking distance to the east of the property near the intersection of Glenn Street and Campbell Ave. An Albertson’s grocery store is located across the street from the property for added convenience. Nearby retailers and employers include Ace Hardware, Casa Molina, Sauce, Beyond Bread, Pastiche, Chicago Pizza, Rubios, Five Guys, Ross, Starbuck’s and an array of other popular businesses.
Property & Area Descriptions
The Campbell Plaza Apartments are situated in northcentral Tucsonon the north side of Blacklidge Drive at Campbell Avenue. CampbellAvenue is a major arterial, spanning from Broadway Boulevard toSkyline Drive into the exclusive foothills of Tucson approximatelyeight miles north. The property is situated a short bike ride fromthe University of Arizona just ½ block west of the intersection ofBlacklidge Drive and Campbell Avenue. The Campbell PlazaApartment’s location provides convenient access to Tucson buslines, the University of Arizona, high demand retail, employment,schools, parks and recreation.
Built in 1976, the Campbell Plaza Apartments consist of 30 one-bedroom units in 6 single-story buildings totaling approximately14,400 rentable square feet on approximately 1.12 acres. Theproperty enjoys superb curb appeal, attractive low maintenanceconstruction, pool, laundry facility, landscaping and an onsite rentaloffice. The parking area includes security lighting and has beenresurfaced and is in excellent condition for future years. Thekitchens in several of the units have been upgraded to achievehigher rents. Each unit is approximately 480/S.F. equipped withlow cost evaporative cooling, refrigerator, cable hookup, and semi-private courtyard patio. Select units are equipped with AC unitsand ceiling fans. Many of the current tenants have resided at theproperty for more than ten years. Historically, the Campbell PlazaApartment complex has been home to quiet singles and couples,nurses, social workers, cooks, chefs, retirees and graduate students.
Represented by:
John C. BuetteDesignated Broker
2954 N. Campbell Ave., Suite 148Tucson, Arizona 85719
520.797.4406 Office
520.797.4407 Fax
www.bcrep.com
Multifamily Income
Comparable Sales
Buette DeRousseCommercial Real Estate Properties, LLC.
B u e t t e D e R o u s s e
All information contained herein is deemed to be reliable but is not guaranteed by Buette DeRousse or any of its authorized representatives. Buette DeRousse advises all interested parties to independently verify all pertinent facts before committing to any binding agreements. One of the owners of the subject property is an Arizona RE licensee.
Subject Property – 30 Units Subject On Market
1811 E. Blacklidge Drive $Unpriced List Price
Year Built 1976 $Unpriced $ Per Unit
$Unpriced $ Per Sq. Ft.
1 Palo Verde Plaza – 24 Units Sold March, 2018
3475 E. Water Street $1,275,000 Sale Price
Year Built 1976 $53,125 $ Per Unit
$92 $ Per Sq. Ft.
2 Mountain View Gardens – 28 Units Sold March, 2018
1646 N Mountain View Avenue $1,750,000 Sale Price
Year Built 1983 $62,500 $ Per Unit
$51 $ Per Sq. Ft.
3 Fort Lowell – 13 Units Sold March, 2018
1435 E. Fort Lowell Road $875,000 Sale Price
Year Built 1972 $67,300 $ Per Unit
$72 $ Per Sq. Ft.
4 7th Avenue - 12 Units Sold January, 2018
930 N. 7th Avenue $800,000 Sale Price
Year Built 1954 $66,667 $ Per Unit
$106 $ Per Sq. Ft.
Represented by:
John C. BuetteDesignated Broker
2954 N. Campbell Ave., Suite 148Tucson, Arizona 85719
520.797.4406 Office
520.797.4407 Fax
www.bcrep.com
Multifamily Income
Unit Mix & Financial Analysis
Buette DeRousse
Commercial Real Estate Properties, LLC.
B u e t t e D e R o u s s e
All information contained herein is deemed to be reliable but is not guaranteed by Buette DeRousse or any of its authorized representatives. Buette DeRousse advises all interested parties to independently verify all pertinent facts before committing to any binding agreements.
Executive SummaryUnit Mix & Rent
Units Type Sq. Ft. Tot. SF PropertyMonthly
Rent Annual Rent Rent /Sq. Ft.30 1BD/1BA 480 14,400 $545 $196,200 $1.14
IncomeScheduled Market Rent $196,200
Less: Vacancy 5% -9,810Net Rental Income $186,390
Plus: Laundry Income 1,900.66
Total Operating Income (EGI) $188,291
Expenses
Units: 30
Built: 1976
Price: Unpriced
Price/SF: Unpriced
Price/Unit: Unpriced
Total SF: 14,400
Market Rent: $545
Average Rent/SF: $1.10
Metering: Individual
Lot Size: 1.12 Acres
Cap Rate: Market
Tax Parcel: 113-07-092B
Accounting $650.00
Cleaning $365.00
Coolers $1,711.98
Electricity $4,432.78
Insurance $2,484.48
Landscaping $990.00
Laundry Room Cleaning $450.00
Legal $195.00
Office Supplies $47.53
Pool $925.52
Postage & Delivery $69.68
Processing Service $40.00
Repairs & Maintenance $1,650.61
Security Deposit Refund $560.00
Supplies $70.27
Taxes - Property $5,588.57
Water $7,325.57
Total Expenses Jan. - Jun. 2018 $27,556.99
Represented by:
John C. BuetteDesignated Broker
2954 N. Campbell Ave., Suite 148Tucson, Arizona 85719
520.797.4406 Office
520.797.4407 Fax
www.bcrep.com
Multifamily Income
Property Photos
Buette DeRousseCommercial Real Estate Properties, LLC.
B u e t t e D e R o u s s e
All information contained herein is deemed to be reliable but is not guaranteed by Buette DeRousse or any of its authorized representatives. Buette DeRousse advises all interested parties to independently verify all pertinent facts before committing to any binding agreements. One of the owners of the subject property is an Arizona RE licensee.
Unit Summary
Address: 1811 E. Blacklidge
Drive, Tucson, AZ
Unit SF: 480
Built: 1976
Beds/Baths: 1BD/1BA
Lot Size: 1.12AC
Utilities: W, E, Sewer
Construction: Frame
Fencing: Partial
Monthly Rent: $545
Rent/SF: $1.14
Metering: Individual
Represented by:
John C. BuetteDesignated Broker
2954 N. Campbell Ave., Suite 148Tucson, Arizona 85719
520.797.4406 Office
520.797.4407 Fax
www.bcrep.com
Multifamily Income
Nearby Businesses
Buette DeRousseCommercial Real Estate Properties, LLC.
B u e t t e D e R o u s s e
All information contained herein is deemed to be reliable but is not guaranteed by Buette DeRousse or any of its authorized representatives. Buette DeRousse advises all interested parties to independently verify all pertinent facts before committing to any binding agreements. One of the owners of the subject property is an Arizona RE licensee.
CAMPBELL PLAZA APARTMENTS
Situated in close proximity to convenient and popular businesses.
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