Tucson Multifamily Stats
Hey Folks, just wanted to share the statistics for the Tucson multifamily sector.
-Average Price Per Door: $78,943
-Median Price Per Door $53,333
-Average Cap upon sale: 6.7%
-Median Cap upon sale: 6.6%
-Average Rents: 1Bed = $575, 2Bed = $695, 3bed = $900
Just as a caveat to this information please do not use this to analyze if you are looking at a good deal or not. Just like any market variances in product type and location play a major factor that is not accounted for in a city-wide median or average. Tracking these trends over time can however indicate the direction of the market.