3242 E Benson Hwy - Apartments FOR SALE


Tucson, AZ 85706- Los Ranchitos
$2,375,000 USD
509-669-3930
3242 E Benson Hwy, Tucson, AZ for Sale
$2,375,000 USD
Apartments - FOR SALE
1/18
null | 8.12% Cap Rate

3242 E Benson Hwy
Tucson, AZ 85706
Los Ranchitos


HIGHLIGHTS

  • Extensively Renovated Asset with Reduced Near-Term Capital Needs
  • Designated Opportunity Zone with Potential Tax Advantages
  • Diversified Income Across Apartments, Mobile Homes, and RV Spaces
  • Defined Value-Add Upside Through Rent Growth, RUBS, and Interior Upgrades
  • Less Than One Mile from the Billion-Dollar Mosaic Quarter Development
  • Established Demand Drivers in the Southeast Tucson Submarket

OVERVIEW

MMG Real Estate Advisors is pleased to present the opportunity to acquire Western Villas, a renovated multifamily asset located along the Benson Highway corridor in southeast Tucson, Arizona. The property comprises 36 apartment units, 2 owned mobile homes, and 4 RV spaces, generating diversified income across multiple revenue streams. Renovated in 2023 with extensive capital improvements, Western Villas offers investors a well-maintained asset within a designated Opportunity Zone, with clear value-add upside and strong positioning near a major mixed-use development projected to bring significant job growth and economic impact to the area.

FOR SALE DETAILS

PRICE

$2,375,000 USD

PRICE/SF

$197 USD /SF

# OF UNITS

38

PRICE/UNIT

$62,500

CAP RATE

8.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Western Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.18 AC

LAND SF

94,961 SF

ZONING

Multiple Use

APN/PARCEL ID

140-09-0300,140-09-0310

ASK ABOUT THIS PROPERTY

Joe BoyleMMGMore Info
509-669-3930

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Joe BoyleMMGMore Info
509-669-3930

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