2027 E Benson Hwy - Apartments FOR SALE


Tucson, AZ 85714
$1,890,000 USD
480-305-5600
2027 E Benson Hwy, Tucson, AZ for Sale
$1,890,000 USD
Apartments - FOR SALE
1/27
null | 8.59% Cap Rate

2027 E Benson Hwy
Tucson, AZ 85714


OVERVIEW

The Owls and Mesa Lodge presents a unique opportunity to add value by raising rents and carrying out interior renovations. The current owner has already invested more than $63,000 in capital improvements over the past year, including interior renovations and converting the office into a two-bedroom unit. In addition to rental income, the property generates substantial additional revenue through a Clear Channel billboard located on-site and by leasing part of the back parcel of land as a parking lot. This property is ideally located in a prime area, less than a 10-minute drive from multiple key destinations including the University of Arizona, the Kino Sports Center, Banner-University Medical Center South, the Tucson Museum of Art, and the International Airport. There is a new multi-billion dollar sports complex approved for Tucson’s southside. The venue is expected to create thousands of new jobs for the region. Offering both convenience and accessibility, this property is also within walking distance of grocery stores, a large pharmacy, and a variety of restaurants. This means that residents can easily access all the essential services and amenities they need without having to travel far. Overall, this property offers an unbeatable combination of location, convenience, and accessibility that is sure to appeal to a wide range of residents.

FOR SALE DETAILS

PRICE

$1,890,000 USD

PRICE/SF

$198 USD /SF

# OF UNITS

23

PRICE/UNIT

$82,174

CAP RATE

8.59%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Owls & Mesa Lodge

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

C-2

APN/PARCEL ID

132-19-0060,132-19-0070

ASK ABOUT THIS PROPERTY

Joseph ChaplikJoseph Bernard Investment Real EstateMore Info
480-305-5600

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Joseph ChaplikJoseph Bernard Investment Real EstateMore Info
480-305-5600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.