2853-2939 N Euclid Ave - Apartments FOR SALE


Tucson, AZ 85719- Hedrick Acres
$4,300,000 USD
520-490-2113
2853-2939 N Euclid Ave, Tucson, AZ for Sale
$4,300,000 USD
Apartments - FOR SALE
1/20
null | 6.78% Cap Rate

2853-2939 N Euclid Ave
Tucson, AZ 85719
Hedrick Acres


HIGHLIGHTS

  • Turn-key opportunity
  • Major recent renovations
  • In-place management
  • Large 2BD & 3BD units
  • Washer/dryer in-unit
  • Patios and backyards for most units

OVERVIEW

Villa Blanca presents an incredible turn-key apartment investment opportunity in the heart of central Tucson. Located at 2853-2867 & 2901-2939 N. Euclid Avenue, this 24-unit community offers a balanced unit mix of (12) 2BD/1BA units (750 SF) and (12) 3BD/2BA units (1,200 SF). With major recent renovations already completed, Villa Blanca offers investors the benefit of a stabilized, turn-key asset with additional upside potential through operational or rent optimization. Each unit is considerately designed with high-end finishes and modern amenities. Interior features include fully equipped kitchens with shaker cabinetry, brushed nickel hardware, quartz countertops, and premium stainless-steel electric appliances. Residents enjoy modern comforts such as stacked washer/dryers, spacious powder rooms, tile shower surrounds, designer fixtures, and ceiling fans throughout. Bedrooms are generously sized, with select floorplans offering master suites and secondary bathrooms. Utilities are tenant-paid for electric, gas, water, & sewer offering investors a low-expense operating structure. The property’s exterior reflects its recent transformation, enhancing both appeal and functionality. Villa Blanca boasts a secured, electronically gated perimeter, a resort-style swimming pool, a cabana lounge area with grill and furniture, and a gated pet park—amenities that support tenant retention and command premium rents. In-place professional property management allows for seamless day-to-day operations, while the high-quality renovations position the asset for long-term performance with minimal near-term capital needs. Strategically located in central Tucson, Villa Blanca benefits from strong surrounding demand drivers. The property is minutes from the University of Arizona, Banner University Medical Center, and key retail corridors along Campbell Avenue and Fort Lowell Road. With convenient access to public transit and major thoroughfares, residents enjoy an easy commute to Tucson’s employment hubs, shopping, and outdoor recreation. This well-located asset combines modern living with long-term investment stability.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$138 USD /SF

# OF UNITS

24

PRICE/UNIT

$179,167

CAP RATE

6.78%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Villa Blanca Luxury Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

R-2

APN/PARCEL ID

113-08-0260

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.