JO-EL Apartments 1715 E Blacklidge Dr 9 Unité Immeuble d’appartements 1 029 818 $ CAD (114 424 $ CAD/Unité) 7% Taux de capitalisation Tucson, AZ 85719

JO-EL Apartments presents a unique value-add investment opportunity, built and maintained by current ownership, offering a seamless transition for new ownership. Ideally located just off Campbell Avenue in central Tucson, the property sits just minutes north of the University of Arizona and Banner University Medical Center Tucson, placing it within one of the city’s strongest rental and retail corridors. JO-EL Apartments combines the stability of long-term ownership with below-market operations, creating a clear path for future upside.
This well-maintained 9-unit community consists of (8) 1BD/1BAs & (1) 2BD/1BA unit, providing an attractive and consistent unit mix. The interiors are clean and well cared for, though they reflect a classic, older style that is well positioned for renovation. In their current condition, units feature kitchens equipped with electric stoves and refrigerators, while bathrooms include original shower/tub combinations. Living rooms and bedrooms are primarily carpeted, complemented by minimal terracotta tile throughout the unit. Tenants are responsible for electricity and gas, while ownership covers water, sewer, and trash services—offering operational simplicity with potential for future utility optimization. The property’s layout and design provide a strong foundation for continued rent growth, while giving new ownership the opportunity to implement a strategic interior renovation program to further enhance income and overall asset value.
The property’s exterior amenities further support tenant retention and overall marketability. Residents benefit from on-site laundry facilities, ample parking, covered walkways, storage closets, and a spacious, sunlit courtyard shaded by mature trees and desert landscaping.
Strategically positioned in central Tucson, JO-EL Apartments benefits from close proximity to major demand drivers, including the University of Arizona, Banner University Medical Center, and the retail corridors along Campbell Avenue and Fort Lowell Road. With convenient access to public transportation and major thoroughfares, residents enjoy seamless connectivity to Tucson’s primary employment centers, as well as nearby shopping, dining, and recreational amenities.