190 W Valencia Rd - Apartments FOR SALE


Tucson, AZ 85706- Sunnyside
$12,000,000 USD
520-490-2113
190 W Valencia Rd, Tucson, AZ for Sale
$12,000,000 USD
Apartments - FOR SALE
1/27
null | 6.7% Cap Rate

190 W Valencia Rd
Tucson, AZ 85706
Sunnyside


HIGHLIGHTS

  • Value add-opportunity
  • Located near Tucson International Airport & I-19/I-10
  • Gorgeous swimming pool with covered verandas
  • (2) Playgrounds, (2) Basketball Courts, & (1) Volleyball Court
  • Below market rents
  • Primed for renovation

OVERVIEW

Valencia Gardens offers a 160-unit value-add opportunity located in South Tucson and presents a compelling value-add multifamily investment opportunity in a growing rental corridor. The property combines strong operational upside—including below-market rents and an attractive unit mix—with recent capital improvements that reduce near-term expenditure risk. Positioned near major transportation corridors and Tucson International Airport, Valencia Gardens offers both immediate operational up side and long-term upside through continued interior enhancements. Featuring a desirable unit mix that caters to a broad renter demographic while offering clear pathways for increased revenue through renovation. With (96) Jr. Studios, (32) 1BD/1BAs, & (32) 2BD/1BA the units at Valencia Gardens are equipped with air conditioning and ceiling fans, essential for resident comfort in the Tucson climate. Kitchens include built-in microwaves, along with either installed dishwashers or dishwasher-ready plumbing, allowing for efficient upgrades. Select units offer fireplaces, adding a premium feature that enhances marketability. The asset is individually metered for electricity, with tenants responsible for their own electric usage, helping to control owner expenses. Ownership currently covers water, sewer, and trash services. From an infrastructure standpoint, the property benefits from ABS plumbing lines, supporting long-term durability and reduced maintenance concerns. With below-market rents and interiors primed for renovation, investors have the opportunity to modernize units and capture meaningful rental upside. Valencia Gardens has seen several recent capital improvements that enhance both curb appeal and operational reliability. Roofs have been recoated, extending their life, and the community pool and spa have been resurfaced, creating an updated and inviting recreational space. The property has also successfully passed backflow testing, and the perimeter fencing was completed in 2021, reinforcing both safety and aesthetics. Community amenities include a swimming pool with covered verandas, an outdoor BBQ and picnic area, and covered parking for residents. The property is fully fenced and features an on-site leasing office along with two laundry facilities for tenant convenience. Residents also benefit from a wide range of recreational amenities, including two playgrounds, two basketball courts, and a volleyball court. Well-maintained landscaping and multiple on-site maintenance and storage rooms further support efficient operations and strong resident retention. Located in South Tucson with direct access to Interstate 10 and Interstate 19, providing excellent regional connectivity. Its proximity to Tucson International Airport supports consistent rental demand from airport, logistics, and service-related employment sectors. The surrounding area offers a mix of retail, dining, and everyday conveniences, making it an accessible and practical location for residents. This submarket continues to attract renters seeking affordability and connectivity, positioning Valencia Gardens to benefit from stable occupancy and future growth potential.

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$145 USD /SF

# OF UNITS

160

PRICE/UNIT

$75,000

CAP RATE

6.7%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Valencia Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

212

LAND DETAILS

LAND ACRES

4.93 AC

LAND SF

214,751 SF

ZONING

R-1, C-2, 7 C-1, Tucson

APN/PARCEL ID

138-14-457L,138-14-457M

ASK ABOUT THIS PROPERTY

Allan MendelsbergCushman & Wakefield | PICORMore Info
520-490-2113

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Allan MendelsbergCushman & Wakefield | PICORMore Info
520-490-2113

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