1532 Delaware Street - DUPLEX in Santa Maria neighborhood of Tucson

[Kelly Taylor Blakesley]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $290,000
Cash invested: $85,000

front/back duplex

What made you interested in investing in this type of deal?

Great path to development in emerging part of Tucson, near St. Mary's hospital, Tumamoc Open Space and U of A.

How did you find this deal and how did you negotiate it?

Found through Atlas Real Estate AIB brokerage, deal underwritten by investment specialist

How did you finance this deal?

KeyBank

How did you add value to the deal?

Minor updates to interior, major updates to systems (water heater, AC, etc)

What was the outcome?

cash flows nicely around $1200-$1500 month.

Lessons learned? Challenges?

Missed some stuff on inspection, had some bumps with PM