3232 N Tucson Blvd - Apartments FOR SALE


Tucson, AZ 85716- La Madera
$2,800,000 USD
520-490-2113
3232 N Tucson Blvd, Tucson, AZ for Sale
$2,800,000 USD
Apartments - FOR SALE
1/19
null | 7% Cap Rate

3232 N Tucson Blvd
Tucson, AZ 85716
La Madera


HIGHLIGHTS

  • Value-add opportunity
  • Prime locations - Winterhaven Neighborhood
  • Sparkling swimming pool
  • Recent cap ex
  • Below market rents
  • On-site laundry facility

OVERVIEW

Winterhaven Apartments presents a strong value-add opportunity just outside the desirable Winterhaven neighborhood. The property features a favorable unit mix of (10) 1BD/1BA and (14) 2BD/1BA units, with current rents sitting below market. Recent capital improvements have been completed in select units, with additional upside remaining through further renovations. Positioned in one of Tucson’s most in-demand areas, Winterhaven Apartments offers investors a clear path to unlocking value. The interiors of Winterhaven Apartments offer a solid starting foundation with recent upgrades that include modern vinyl and tile flooring, AC units in all apartments, and upgraded cabinetry in select units; the remaining units are primed for cosmetic upgrades to meet market standards. This mix of existing improvements and renovation potential allows for a phased strategy that aligns with rental turnover and budget planning. The layouts are functional, the finishes are easy to refresh, and the remaining upside makes this a compelling investment for operators looking to increase rents through hands-on management and strategic interior improvements. The community’s exterior has tenant-facing amenities, including a sparkling swimming pool, shaded BBQ stations, lush desert landscaping, and convenient on-site laundry. Covered parking and gated access enhance tenant satisfaction and support retention. Located just minutes from the University of Arizona, Downtown Tucson, and the Campbell Plaza shopping center, this 24-unit gated community checks all the boxes for investors seeking stable, long-term rental upside. Its central location, consistent demand, and below-market rents create immediate investment potential—offering a compelling opportunity for both short-term income and long-term appreciation.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$150 USD /SF

# OF UNITS

24

PRICE/UNIT

$116,667

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Winterhaven Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

R-3, Tucson, C-1

APN/PARCEL ID

112-03-359D

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.