1951 E Benson Hwy - Apartments FOR SALE


Tucson, AZ 85714- Ward 5
$525,000 USD
520-490-2113
1951 E Benson Hwy, Tucson, AZ for Sale
$525,000 USD
Apartments - FOR SALE
1/15
null | 7.17% Cap Rate

1951 E Benson Hwy
Tucson, AZ 85714
Ward 5


HIGHLIGHTS

  • Value-add opportunity
  • Minutes from Kino Sports Complex & Mosaic Quarters
  • Mix of Apartments & Mobile Homes
  • Wall-mounted & Mini-splits ACs
  • Opportunity for interior upgrades
  • Master-metered for all utilities

OVERVIEW

Wagon Wheel Apartments, located in South Tucson, presents a prime opportunity for investors to capitalize on the rapid growth occurring along I-10 and Kino Parkway. This property offers a unique blend of apartments and mobile homes, creating a diversified investment profile. The asset includes (9) studios and (1) 1BD/1BA apartment complex and 6 mobile homes consisting of (3) 1BD/1BA and (3) 2BD/1BA — for a total of 16 units/spaces. The interiors are spacious and well-maintained, featuring tile flooring throughout, recently painted units, and select upgrades such as new doors and some with modern finishes. Significant upside remains through comprehensive renovations, including updated countertops, modern flooring, and fresh paint. These enhancements would align the property with current market trends, increase tenant satisfaction and retention, and ultimately boost the property’s NOI. Utilities are currently master-metered and paid for by owner. A RUBS Program could be implemented to recoup some of the expense and shift majority back to the tenants responsibility. Tenants benefit from ample parking, and ownership enjoys low landscaping costs thanks to the desert-friendly design. With targeted renovations, new ownership can fully unlock Wagon Wheel’s potential — elevating the tenant experience and positioning the property for rent growth consistent with market demand. Strategically located in South Tucson, Wagon Wheel offers convenient access to Tucson Marketplace, Kino Park and Sports Complex, and the newly underway Mosaic Quarters development. The property attracts a diverse tenant base seeking proximity to employment centers, retail, dining, and entertainment. Its location near emerging commercial corridors enhances both tenant appeal and long-term investment value, making Wagon Wheel an ideal opportunity for investors seeking stable returns with strong growth potential.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$60 USD /SF

# OF UNITS

16

PRICE/UNIT

$32,813

CAP RATE

7.17%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wagon Wheel Inn Efficiency Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.76 AC

LAND SF

76,666 SF

ZONING

B-2A, Tucson

APN/PARCEL ID

132-19-0040

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.