2520-2526 E Glenn St - Apartments FOR SALE


Tucson, AZ 85716- Grant/Glenn
$900,000 USD
520-490-2113
2520-2526 E Glenn St, Tucson, AZ for Sale
$900,000 USD
Apartments - FOR SALE
1/18
null | 6.71% Cap Rate

2520-2526 E Glenn St
Tucson, AZ 85716
Grant/Glenn


HIGHLIGHTS

  • Prime-location - Near UofA
  • Turn-key operations
  • In-place property management
  • Washer/dryer in unit
  • Dishwashers
  • Private backyards

OVERVIEW

Glenn Villas offers a compelling turn-key investment with meaningful operational and slight value-add upside. Ideally positioned near Campbell Plaza and just minutes from The University of Arizona and University Medical Center, this well-maintained 6-unit community is well-located to capitalize on sustained rental demand and long-term rent growth. The property features a desirable unit mix of (6) 2-bedroom / 1-bathroom units. Units have received light interior upgrades, while a clear opportunity remains to further renovate units and push rents toward market levels. Upgrades throughout show modernized kitchens with new paint, updated cabinetry, and refreshed flooring. Durable tile flooring is featured throughout all units. Residents benefit from in-unit laundry, dishwashers and air-conditioning and assigned covered parking, enhancing tenant retention and overall marketability. The property is complemented by well-maintained walkways and landscaped common areas, fostering a cohesive, community-oriented environment. Current ownership covers utilities including water, sewer, and trash; however, new ownership has the opportunity to improve expense efficiency by implementing a RUBS program, allowing some utility expenses to tenants for improved operational efficiency and enhanced net operating income. Located in close proximity to The University of Arizona, Glenn Villas is well-positioned to attract students and young professionals seeking centrally located, off-campus housing. Strong demand fundamentals, a proven unit layout, and below-market in-place rents create an immediate and investment upside, making Glenn Villas an attractive opportunity for investors seeking both near-term income growth and long-term value appreciation.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$207 USD /SF

# OF UNITS

6

PRICE/UNIT

$150,000

CAP RATE

6.71%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Glenn Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

R2

APN/PARCEL ID

112-07-238K,112-07-238L

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.