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Ocotillo Apartments 1025 E Benson Hwy 136 Unit Apartment Building $11,276,127 CAD ($82,913 CAD/Unit) 10% Cap Rate Tucson, AZ 85713
Investment Highlights
- Immediate accessibility to Interstate 10 with connectivity to downtown Tucson and Tucson International Airport.
- Situated in a high-demand rental market benefitting from population and economic growth trends.
- 136-unit multifamily community with major value-add potential through ongoing renovations.
- Existing landscaping provides aesthetic appeal and favorable outdoor space, elevating community livability.
Executive Summary
This property is also offered for sale as part of the following portfolio:
PHOENIX:
1711 W Bell Rd
1501 Grand Ave
1780 W Missouri Ave
TUCSON:
4098 E 29th St
4141 E 29th St
314 Benson Hwy
1025 E Benson Hwy
5251 S Julian Dr
Ocotillo Apartments offers a compelling value-add opportunity in Tucson’s dynamic rental market. Encompassing 136 units across 70,665 rentable square feet, the property is located within a federally designated Opportunity Zone, presenting significant tax advantages for investors pursuing long-term capital improvements. The community is easily accessible via I-10 and benefits from close proximity to Tucson International Airport, the thriving employment corridors of Downtown Tucson, and the University of Arizona district. This asset provides immediate upside through an unfinished renovation program, allowing a new owner to capitalize on interior and exterior upgrades that meet current market standards.
PHOENIX:
1711 W Bell Rd
1501 Grand Ave
1780 W Missouri Ave
TUCSON:
4098 E 29th St
4141 E 29th St
314 Benson Hwy
1025 E Benson Hwy
5251 S Julian Dr
Ocotillo Apartments offers a compelling value-add opportunity in Tucson’s dynamic rental market. Encompassing 136 units across 70,665 rentable square feet, the property is located within a federally designated Opportunity Zone, presenting significant tax advantages for investors pursuing long-term capital improvements. The community is easily accessible via I-10 and benefits from close proximity to Tucson International Airport, the thriving employment corridors of Downtown Tucson, and the University of Arizona district. This asset provides immediate upside through an unfinished renovation program, allowing a new owner to capitalize on interior and exterior upgrades that meet current market standards.
Property Facts
| Price | $11,276,127 CAD | Apartment Style | Garden |
| Price Per Unit | $82,913 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 5.64 AC |
| Cap Rate | 10% | Building Size | 70,665 SF |
| No. Units | 136 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $11,276,127 CAD |
| Price Per Unit | $82,913 CAD |
| Sale Type | Investment |
| Cap Rate | 10% |
| No. Units | 136 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.64 AC |
| Building Size | 70,665 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 136 | - | 520 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 132-13-0490 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $621,741 CAD |
Property Taxes
Parcel Number
132-13-0490
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$621,741 CAD
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Ocotillo Apartments | 1025 E Benson Hwy
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