Elm 309-311 W Elm St 8 Unit Apartment Building $2,344,089 CAD ($293,011 CAD/Unit) 6.58% Cap Rate Tucson, AZ 85705

Elm St. Villas presents an opportunity for investors seeking a well-maintained, turn-key multifamily asset with ATTRACTIVE SELLER FINANCING and additional operational upside. Within ~3 miles of the UofA, Elm St. Villas provides investors with a strong foundation for immediate cash flow while offering opportunities to further enhance operations and maximize long-term value.
The property features (8) spacious 4BD/2BA floor plans designed to accommodate a wide range of residents. Each unit includes private laundry and storage, dishwashers, air conditioning, and generous living spaces that provide a comfortable and functional living environment. These desirable floor plans, combined with modern amenities and thoughtful updates, position the property to remain highly competitive within the surrounding rental market.
Beyond the interiors, with a build year of 2006, the property has recently undergone several capital improvements, including exterior paint, parking lot enhancements, appliance upgrades, and air conditioning replacements, minimizing near-term capital expenditures for new ownership. Additionally, Elm St. Villas offers ample on-site parking and a well-maintained community setting that contributes to long-term resident satisfaction and retention. The water, sewer, & electric utilities are individually metered and paid directly by residents, helping reduce ownership's utility expenses.
With its desirable location, recent property improvements, and turn-key condition, Residents enjoy convenient access to Downtown Tucson, the University of Arizona, and Pima Community College, placing shopping, dining, entertainment, and major employment centers just minutes away. This prime location continues to attract a diverse tenant base, making Elm St. Villas a compelling investment opportunity in one of Tucson's most established rental corridors.