5737 S Morris Blvd - Apartments FOR SALE


Tucson, AZ 85706- Ward 5
$699,000 USD
509-381-4400
5737 S Morris Blvd, Tucson, AZ for Sale
$699,000 USD
Apartments - FOR SALE
1/19
null | 6.75% Cap Rate

5737 S Morris Blvd
Tucson, AZ 85706
Ward 5


HIGHLIGHTS

  • Large units
  • Ample parking
  • Strong rental demand
  • On site laundry
  • Residential financing available

OVERVIEW

The Morris Apartments consists of four large, base, units and an additional non-conforming fifth unit, each thoughtfully designed to provide comfortable living spaces for residents. Units come fully equipped with a stove, refrigerator, double-sinks, and generous counter & cabinet space. Tenants and guests enjoy ample front and rear parking, including multiple parking options across from front patio area. The property benefits from its proximity to bus lines, major interstates (I-19 and I-10) and the Tucson International Airport, ensuring convenient travel options. Residents feel at home with the convenience of nearby dining, shopping, entertainment, and local parks & recreation centers. Nearby Davis-Monthan Air Force Base provides a strong tenant base, and the property has strong rental demand. The Morris Apartments offers a unique opportunity to capitalize on Tucson's growth and vibrant community, providing both immediate rental income and long-term value appreciation. Strong historical financials make the asset primed for positive cash flow on day one. This property qualifies for attractive residential financing, offering a cost-effective opportunity for both first-time and seasoned investors.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$159 USD /SF

# OF UNITS

5

PRICE/UNIT

$139,800

CAP RATE

6.75%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,446 SF

ZONING

R-2

APN/PARCEL ID

140-23-084A

ASK ABOUT THIS PROPERTY

Joe BoyleJoseph Bernard Investment Real EstateMore Info
509-381-4400

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Joe BoyleJoseph Bernard Investment Real EstateMore Info
509-381-4400

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