Glenn Villas 2520-2526 E Glenn St 6 Unit Apartment Building $900,000 ($150,000/Unit) 6.71% Cap Rate Tucson, AZ 85716

Glenn Villas offers a compelling turn-key investment with meaningful operational and slight value-add upside. Ideally positioned near Campbell Plaza and just minutes from The University of Arizona and University Medical Center, this well-maintained 6-unit community is well-located to capitalize on sustained rental demand and long-term rent growth.
The property features a desirable unit mix of (6) 2-bedroom / 1-bathroom units. Units have received light interior upgrades, while a clear opportunity remains to further renovate units and push rents toward market levels. Upgrades throughout show modernized kitchens with new paint, updated cabinetry, and refreshed flooring. Durable tile flooring is featured throughout all units. Residents benefit from in-unit laundry, dishwashers and air-conditioning and assigned covered parking, enhancing tenant retention and overall marketability. The property is complemented by well-maintained walkways and landscaped common areas, fostering a cohesive, community-oriented environment.
Current ownership covers utilities including water, sewer, and trash; however, new ownership has the opportunity to improve expense efficiency by implementing a RUBS program, allowing some utility expenses to tenants for improved operational efficiency and enhanced net operating income.
Located in close proximity to The University of Arizona, Glenn Villas is well-positioned to attract students and young professionals seeking centrally located, off-campus housing. Strong demand fundamentals, a proven unit layout, and below-market in-place rents create an immediate and investment upside, making Glenn Villas an attractive opportunity for investors seeking both near-term income growth and long-term value appreciation.