2432 N Balboa Ave, Tucson, AZ 85705
- $1,395,000
- List Price
- $1,395,000
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.
Listing courtesy of Victor J Cabibo from United Real Estate Specialists.
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