Updated Dec 4, 2024
Subto Fund LLC Acquires Tucson Multifamily Property For $1.8M
4424 East Bellevue Street
$1,800,000
Units
21
Asset Type
MultiFamily
Closing
Apr 8, 2024
About this deal
AI
Coronado Vistas, a multifamily property located at 4424 East Bellevue Street in Tucson, AZ, has been purchased by Subto Fund LLC from Bellevue 21 LLC for $1.8 million. The property consists of 21 apartments, with an average price per unit of $85,714.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Units: 21
- Price Per Unit: $85,714
- Address: 4424 East Bellevue Street, Tucson, AZ
- Market: Tucson, AZ
Allan Mendelsberg and Joey Martinez from Cushman & Wakefield | PICOR acted as the representing brokers for both the buyer, Subto Fund LLC, and the seller, Bellevue 21 LLC, in the transaction.
Players
Tucson MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93