Investment Summary
Bali Hai Townhomes is a nine unit property comprised of four duplexes and one SFR all on separate tax codes. Well laid out on .82 acres with perimeter fencing and night lighting. There is a dedicated city park area which serves as a buffer zone between the complex and Stone Ave. Each unit includes: Central AC/heat, fenced yards, covered patios, two dedicated parking spaces and a washer and dryer in the unit. Several of the tenants are month to month long term paying below market rents, rents can easily be raised. Unit mix is One 3/2 SFR, two 2/2 townhomes and six 2/1 townhomes. Owner managed complex, meticulously maintained with no deferred maintenance built 2006-2013. Seller will finance with 30% down.
Offering
Price: $1,365,000
Cap Rate: 5.86%
No. Unit: 9
Building Size: 7,525 SQ FT
Year Built: 2006
APN: 105-12-058-B
Financial Summary
| Gross Rental Income | $98,240 |
| Effective Gross Income | $96,314 |
| Total Expenses | $19,996 |
| Net Operating Income | $79,990 |
Unit Mix
| Description | No. Units | Avg. Rent | SQ. FT. |
| 2 Bed 1 Bath | 8 | $825 | 750 |
| 3 Bed 2 Bath | 1 | $1,125 | 1,525 |
4007 N Stone Ave Tucson Arizona 85705
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