1025 E Benson Hwy - Apartments FOR SALE


Tucson, AZ 85713- Ward 5
$8,024,000 USD
310-766-5954
1025 E Benson Hwy, Tucson, AZ for Sale
$8,024,000 USD
Apartments - FOR SALE
1/14
null | 10% Cap Rate

1025 E Benson Hwy
Tucson, AZ 85713
Ward 5


HIGHLIGHTS

  • Immediate accessibility to Interstate 10 with connectivity to downtown Tucson and Tucson International Airport.
  • 136-unit multifamily community with major value-add potential through ongoing renovations.
  • Situated in a high-demand rental market benefitting from population and economic growth trends.
  • Existing landscaping provides aesthetic appeal and favorable outdoor space, elevating community livability.

OVERVIEW

PORTFOLIO TOURS THIS WEEK: Phoenix, Thursday July 23 10:00 - 1501 Grand Avenue | 60 units 12:00 - 1780 W Missouri Avenue | 173 units 2:00 - 1711 W Bell Road | 150 units Tucson, Friday July 24 10:00 - 4098-4141 E 29th Street | 200 units 11:30 - 314 E Benson Highway | 50 units 1:00 - 1025 E Benson Highway | 136 units 2:30 - 5251 S Julian Drive | 175 units Ocotillo Apartments offers a compelling value-add opportunity in Tucson’s dynamic rental market. Encompassing 136 units across 70,665 rentable square feet, the property is located within a federally designated Opportunity Zone, presenting significant tax advantages for investors pursuing long-term capital improvements. The community is easily accessible via I-10 and benefits from close proximity to Tucson International Airport, the thriving employment corridors of Downtown Tucson, and the University of Arizona district. This asset provides immediate upside through an unfinished renovation program, allowing a new owner to capitalize on interior and exterior upgrades that meet current market standards.

FOR SALE DETAILS

PRICE

$8,024,000 USD

PRICE/SF

$114 USD /SF

# OF UNITS

136

PRICE/UNIT

$59,000

CAP RATE

10%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ocotillo Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.64 AC

LAND SF

245,678 SF

ZONING

-

APN/PARCEL ID

132-13-0490

ASK ABOUT THIS PROPERTY

Mark WitskenKeller Williams Arizona RealtyMore Info
310-766-5954

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Mark WitskenKeller Williams Arizona RealtyMore Info
310-766-5954

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