Limberlost Gardens presents a unique opportunity for investors seeking a well-located multifamily asset with strong value-add potential. Located in North Central Tucson, with a well-balanced unit mix of (1) 1BD/1BA JR., (18) 1BD/1BAs, and (2) 2BD/1BA units, Limberlost Gardens is primed for renovations. The current rents remain below market—offering clear upside for new ownership to capture through strategic renovations and rent growth. Beyond the interiors, the asset is built with durable masonry construction and features well-maintained community landscape with shaded walkways and mature trees, ensuring long-term durability and minimal upkeep. Tenants enjoy a variety of community amenities, including a common-area pavilion, an on-site laundry facility, and ample parking for both residents and guests. Each unit is individually metered for electric and gas, while ownership currently covers water, sewer, and trash—creating potential for utility expense recovery or reallocation to further improve income via a billback program. The asset has strong base fundamentals remain strong, with historically high occupancy supported by well-maintained units and steady tenant demand. The two-bedroom units are already equipped with air conditioning, and a continuation of AC installation across additional units provides a direct opportunity to drive higher rents and NOI. New ownership can unlock Limberlost Gardens’ full potential by completing renovations across all units, implementing additional amenity upgrades, and strategically adjusting rents to market levels. These improvements not only elevate the resident experience but also provide multiple options for NOI growth through rent increases, added amenity income, and reduced operating expenses. Strategically located near central Tucson and growing retail and commercial districts, Limberlost Gardens appeals to a diverse tenant base with access to vibrant retail, dining, and entertainment options, while nearby employment centers ensure continued leasing demand and long-term investment stability.