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Listed by United Real Estate Specialists • Victor J Cabibo
$ 1,395,000
Est. payment /mo
New
2432 N Balboa Ave Tucson, AZ 85705
6,077 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,077 sqft
Price per Sqft $229
MLS Listing ID 22621303
Year Built 1948
Annual Tax Amount $4,899
Tax Year 2025
Lot Size 0.620 Acres
Acres 0.61
Lot Dimensions Irregular
Source MLS of Southern Arizona
Property Description
OWNER/AGENT Equilibrium Realty is pleased to present a heavier renovation opportunity in a strong rental location of central Tucson. The offering consists of two properties, Balboa Avenue, a vacant 15 unit (all one bed) property was built in 1948. Delano Court, a vacant 14 unit (mix of studio, one bed and two-bedroom) property was builtin 1947. Both properties are permitted for all renovations required to begin leasing operations. Estimates range from $15K to $30K per unit to complete renovations. At stabilization, value will exceed $2.5M to $3.0M. Seller is flexible to all offers.
Location
State AZ
County Pima
Area Central
Zoning Tucson - R2
Exterior
View Y/N No
Others
Tax ID 107142290
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