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Fairmount Manor 4444 E Fairmount St 54 Unit Apartment Building £4,401,124 (£81,502/Unit) 5.38% Net Initial Yield Tucson, AZ 85712
INVESTMENT HIGHLIGHTS
- Remodeled units
- New kitchen appliances w/ microwaves
- New management office
- New paint, New A/C's, New roofs
- Large, private fenced backyards
- Remodeled laundry room & equipment
EXECUTIVE SUMMARY
Fairmount Manor is a single-story apartment community in Midtown Tucson that offers comfortable Studio, 1 and 2 bedroom apartment homes in a peaceful, low density setting. Each 1 and 2 bedroom unit has a private, fenced back yard and brand new air conditioning. Units feature tile floors, ceiling fans, built-in microwaves, new countertops and cabinets and spacious closets. Onsite, residents enjoy self service laundry facilities, ample parking and a sparkling swimming pool.
PROPERTY FACTS
| Price | £4,401,124 | Costar Property Class | C |
| Price Per Unit | £81,502 | Total Plot Size | 2.20 ac |
| Sale Type | Investment | Property Size | 31,384 sq ft |
| Yield | 5.38% | Average Occupancy | 93% |
| No. Units | 54 | No. Floors | 1 |
| Property Type | Build-to-Rent | Year Built | 1977 |
| Property Subtype | Apartment | Parking Allocation | 2.83/1,000 sq ft |
| Apartment Style | Garden | ||
| Use Class | R-3 | ||
| Price | £4,401,124 |
| Price Per Unit | £81,502 |
| Sale Type | Investment |
| Yield | 5.38% |
| No. Units | 54 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Costar Property Class | C |
| Total Plot Size | 2.20 ac |
| Property Size | 31,384 sq ft |
| Average Occupancy | 93% |
| No. Floors | 1 |
| Year Built | 1977 |
| Parking Allocation | 2.83/1,000 sq ft |
| Use Class | R-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- High Speed Internet Access
- Oven
- Range
- Views
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Security System
- Tenant Controlled HVAC
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| Studios | 10 | £457.15 | 400 |
| 1+1 | 34 | £569.78 | 500 |
| 2+1 | 10 | £753.53 | 625 |
1 1
Walk Score®
Easily Walkable (79)
Bike Score®
Good for cycling (83)
PROPERTY TAXES
| Parcel Number | 122-12-076A | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £120,689 |
PROPERTY TAXES
Parcel Number
122-12-076A
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£120,689
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Presented by
Joseph Bernard Investment Real Estate
Fairmount Manor | 4444 E Fairmount St
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