2450-2466 N Treat Ave - Apartments FOR SALE


Tucson, AZ 85716- Grant/Glenn
$800,000 USD
520-490-2113
2450-2466 N Treat Ave, Tucson, AZ for Sale
$800,000 USD
Apartments - FOR SALE
1/18
null | 6.69% Cap Rate

2450-2466 N Treat Ave
Tucson, AZ 85716
Grant/Glenn


HIGHLIGHTS

  • ATTRACTIVE SELLER FINANCING
  • Value-add opportunity
  • Prime location - Near Grant Rd. & Tucson Blvd.
  • Large 3BD/1.5BA
  • Below market rents
  • High occupancy property

OVERVIEW

Treat Apartments is located in North Central Tucson just minutes from the Campbell shopping plaza & Culinary Dropout. This ideally located asset presents a fantastic value-add investment opportunity. In addition, the Seller is willing to offer attractive Seller Financing for qualified investors. This will allow a potential purchaser time to renovate the complex, increase the operations and financials, & stabilize the asset while still keeping monthly debt costs low. Comprised of 9-units Treat Apartments is made up of – (1) Studio, (7) 1bd/1bas, & (1) 3bd/1.5ba house. With a diverse unit mix, the complex is positioned to attract a broader tenant demographic, expanding its outreach and occupancy potential. Additionally, there is significant potential to increase the Net Operating Income (NOI) through interior renovations, rental rate adjustments, and aggressive leasing efforts. Currently, units are rented below market rate, creating a strong value-add opportunity for investors to raise rents as leases expire. Electric and gas utilities are individually metered and paid directly by tenants, while water, sewer, and trash expenses are covered by the owner. The exterior amenities include ample and open parking for tenants and guests, as well as some units having fenced backyards and patios to enhance comfort and security. Situated near the Campbell Shopping Plaza & the redevelopment intersection of Grant Rd. & Tucson Blvd, Treat Apartments provides convenient access to shopping, dining, and entertainment options. This high retail landscape not only enriches the lifestyle of residents but also offers employment opportunities in close proximity to the community. With its investment potential, attractive debt via seller financing, and prime location, Treat Apartments offers a promising opportunity for investors.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$102 USD /SF

# OF UNITS

9

PRICE/UNIT

$88,889

CAP RATE

6.69%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

R-2, Tucson

APN/PARCEL ID

112-07-495D

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 Policy.