The property at 2401 E 3rd St in Tucson offers a promising rental potential. With an estimated rent range of $1,600 to $2,250 monthly, the potential annual revenue could reach approximately $19K to $27K. Situated in the desirable Sam Hughes neighborhood, the property's proximity to the University of Arizona enhances its appeal. The modern amenities, including a gourmet kitchen and updated infrastructure, contribute significantly to its attractiveness. The payback period is favorable, given the competitive rental market and the property's features.
To maximize rental income, consider enhancing the property's curb appeal and adding energy-efficient features. Updating common areas with modern touches could also increase its value. For sellers, emphasizing the property's location and modern amenities will attract potential buyers, especially investors targeting the lucrative student rental market. Highlighting proximity to local schools and amenities can further enhance appeal.