2118 N Ralph Ave, Tucson, AZ 85712

Property Description

Ralph Townhomes, is the perfect value-add opportunity that allows for long term appreciation and value growth. This property consist of large 2bd/2ba units located in Central Tucson, surrounded by both shopping and entertainment. The asset has clear value-add potential attainable through interior & exterior renovations and rental increases. The attractive seller financing offers additional financial upside and a smoother transaction. These units have been owned by the same family ever since the duplexes were built, so they have immense pride of ownership. The complex consists of 5 well-designed two-bedroom/two-bath apartment units. The large layouts provide opportunity for a diverse tenant mix. The units have had minor upgrades and improvements throughout the years as needed. Investors can benefit from a stable foundation with current long-term tenants and below-market rents, setting the stage for immediate growth. Value-add upside awaits an investor who can bring the conditions up a couple notches through renovations which will bolster rents & NOI. Favorable to investors, all utilities are paid by the tenants as the property is all individually metered. This keeps the tenants responsible for all their usage and keeps expenses lower for the landlord. Attractive amenities await the tenants at the property including covered parking, private fenced backyards, and air-conditioned units. On the inside, tenant's will find dishwashers, ceiling fans, in-unit washer/dryer hookups, and breakfast nooks. Ideally located within central Tucson, Ralph Townhomes' features a desirable location for those who want to be close to both shopping and employment opportunities. Located near Tucson Medical Center and Costco, the property draws a thriving working-class community. Residents can also benefit from convenient access to growing retail space, providing an array of shopping, dining, and entertainment options. This abundant retail and medical landscape not only enriches the lifestyle of Ralph Townhome residents but also offers employment opportunities in close proximity to the community.