3107 N Chapel Ave., Tucson, AZ 85716

This is a well located six unit property (north central sub-market) comprised of two separately parceled triplexes. Well laid out complex located on a corner lot of almost a half acre with solid masonry construction and concrete paved parking lots. Parcel one is a detached 4/2 house with a duplex comprised of two 2/1 units. Parcel two is comprised of a triplex with three 2/1 units. All units have off street paved parking and private fenced back yards. Several tenants are mo-mo and rents can easily be raised. Average rental rate in this area for a 2/1 is $900. Figures shown are actual from 2019, recent rent increases for 2020 are not reflected. Based on the current rent role the property is a 8% cap rate. This is an owner managed property. Financials under documents tab