1509 North Riverview Boulevard

Tucson AZ 85745

2232 sq. ft.

0.23 ac.

Duplex

Currently for sale - view listing

Overview

Cashflow Triplex. 3 units. Each unit consists of 2 bedrooms and 1 bathroom. All 3 units have separate meters for water and electric so tenants pay ALL utilities including trash/sewer. Each unit has its own washer and dryer hookup closet on west side of the building, that is on the tenants water meter. The roof, back fencing and all 3 AC's were completely replaced in 2022 (65k+) This will ensure no major cap ex for years. 1509&1511 are rented out to long term tenants at $950. 1513 is recently vacant, last rented at $1,190. Average rent for a 2/1 in this area is $1,217 so there's a lot of room to grow. Even with rents at $1,000 this is a %7.3 cap at the local rent of $1,200 its over %9. Seller is licensed real estate professional in AZ.