314 E Benson Hwy - Apartments FOR SALE


Tucson, AZ 85713- Ward 5
$3,500,000 USD
310-766-5954
314 E Benson Hwy, Tucson, AZ for Sale
$3,500,000 USD
Apartments - FOR SALE
1/12
null | 5.97% Cap Rate

314 E Benson Hwy
Tucson, AZ 85713
Ward 5


HIGHLIGHTS

  • Positioned with direct access to I-10, ensuring connectivity to Southern Arizona’s key destinations.
  • Near Tucson International Airport, supporting strong tenant demand from transient and workforce housing needs.
  • Pro forma figure suggests favorable cash flow with a projected 6% cap rate, appealing to income-focused investors.
  • Close proximity to employment centers, retail corridors, and essential services within the metro area.

OVERVIEW

PORTFOLIO TOURS THIS WEEK: Phoenix, Thursday July 23 10:00 - 1501 Grand Avenue | 60 units 12:00 - 1780 W Missouri Avenue | 173 units 2:00 - 1711 W Bell Road | 150 units Tucson, Friday July 24 10:00 - 4098-4141 E 29th Street | 200 units 11:30 - 314 E Benson Highway | 50 units 1:00 - 1025 E Benson Highway | 136 units 2:30 - 5251 S Julian Drive | 175 units This offering features a stabilized 50-unit multifamily property located along Benson Highway, providing convenient access to Interstate 10 and Tucson International Airport. Built in 1970, the property encompasses approximately 17,934 square feet, delivering a strong operational foundation for buyers seeking consistent income and long-term upside. Residents benefit from proximity to major transportation corridors, significant employment hubs, and retail conveniences throughout the Tucson area. The property’s location offers connectivity to downtown Tucson in minutes, while also serving as an accessible option for travelers, workforce tenants, and long-term residents alike. With a pro forma NOI of $209,050 and a projected capitalization rate of 6%, this asset presents investors an opportunity to capitalize on steady cash flow and potential for operational efficiencies.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$195 USD /SF

# OF UNITS

50

PRICE/UNIT

$70,000

CAP RATE

5.97%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Benson Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.38 AC

LAND SF

103,673 SF

ZONING

C2

APN/PARCEL ID

119-01-046C,119-01-047C

ASK ABOUT THIS PROPERTY

Mark WitskenKeller Williams Arizona RealtyMore Info
310-766-5954

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Mark WitskenKeller Williams Arizona RealtyMore Info
310-766-5954

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