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4098 East 29th Str

Tucson, AZ 85711
Asking Price
$12.50M
Asset Type
Multifamily
Class
Class B

What's Special

Located at 4098 East 29th Street in Midtown Tucson, this multifamily property sits within a residential pocket characterized by a mix of single-family homes and apartment complexes. The site offers proximity to major east-west corridors, providing direct access to the Broadway Village and El Con Center retail hubs. Public transportation via the Sun Tran bus network is readily accessible on nearby 22nd Street and Alvernon Way. Local amenities within a two-mile radius include Reid Park, the Randolph Dell Urich Golf Course, and several neighborhood grocery centers. The property is positioned for long-term residential use, catering primarily to Tucson’s workforce and students. Given its central location, the asset typically attracts a tenant profile consisting of individuals employed in the surrounding retail, healthcare, and hospitality sectors. It is also a viable option for those seeking proximity to the University of Arizona or Davis-Monthan Air Force Base. The site’s configuration is well-suited for a value-add investment strategy or continued operation as a stabilized rental community within the midtown submarket.

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NOI
$80,000
Cap Rate
0.64%
DSCR
0.11
Underwater
Cash-on-Cash
-17.66%
Monthly Payment
$61,843.18
Annual Cash Flow
$-662,118.157

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