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Benson Apartments 314 E Benson Hwy 50 Unit Apartment Building $4,589,640 CAD ($91,793 CAD/Unit) 6.33% Cap Rate Tucson, AZ 85713
Investment Highlights
- NOTE: REDUCED PRICE
- Positioned with direct access to I-10, ensuring connectivity to Southern Arizona’s key destinations.
- Near Tucson International Airport, supporting strong tenant demand from transient and workforce housing needs.
- Additional Parcel included
- Close proximity to employment centers, retail corridors, and essential services within the metro area.
Executive Summary
NOTE: REDUCED PRICE
This offering features a stabilized 50-unit multifamily property located along Benson Highway, providing convenient access to Interstate 10 and Tucson International Airport. Built in 1970, the property encompasses approximately 17,934 square feet, delivering a strong operational foundation for buyers seeking consistent income and long-term upside.
Residents benefit from proximity to major transportation corridors, significant employment hubs, and retail conveniences throughout the Tucson area. The property’s location offers connectivity to downtown Tucson in minutes, while also serving as an accessible option for travelers, workforce tenants, and long-term residents alike. With a pro forma NOI of $209,050 and a projected capitalization rate of 6%, this asset presents investors an opportunity to capitalize on steady cash flow and potential for operational efficiencies.
This offering features a stabilized 50-unit multifamily property located along Benson Highway, providing convenient access to Interstate 10 and Tucson International Airport. Built in 1970, the property encompasses approximately 17,934 square feet, delivering a strong operational foundation for buyers seeking consistent income and long-term upside.
Residents benefit from proximity to major transportation corridors, significant employment hubs, and retail conveniences throughout the Tucson area. The property’s location offers connectivity to downtown Tucson in minutes, while also serving as an accessible option for travelers, workforce tenants, and long-term residents alike. With a pro forma NOI of $209,050 and a projected capitalization rate of 6%, this asset presents investors an opportunity to capitalize on steady cash flow and potential for operational efficiencies.
Property Facts
| Price | $4,589,640 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $91,793 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 2.38 AC |
| Cap Rate | 6.33% | Building Size | 25,000 SF |
| No. Units | 50 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | ||
| Zoning | C2 | ||
| Price | $4,589,640 CAD |
| Price Per Unit | $91,793 CAD |
| Sale Type | Investment |
| Cap Rate | 6.33% |
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.38 AC |
| Building Size | 25,000 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Zoning | C2 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 48 | - | - |
| 1+1 | 2 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $174,737 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$174,737 CAD
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Benson Apartments | 314 E Benson Hwy
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