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Benson Apartments 314 E Benson Hwy 50 Unit Apartment Building $3,500,000 ($70,000/Unit) 5.97% Cap Rate Tucson, AZ 85713
Investment Highlights
- Positioned with direct access to I-10, ensuring connectivity to Southern Arizona’s key destinations.
- Pro forma figure suggests favorable cash flow with a projected 6% cap rate, appealing to income-focused investors.
- Near Tucson International Airport, supporting strong tenant demand from transient and workforce housing needs.
- Close proximity to employment centers, retail corridors, and essential services within the metro area.
Executive Summary
PORTFOLIO TOURS THIS WEEK:
Phoenix, Thursday July 23
10:00 - 1501 Grand Avenue | 60 units
12:00 - 1780 W Missouri Avenue | 173 units
2:00 - 1711 W Bell Road | 150 units
Tucson, Friday July 24
10:00 - 4098-4141 E 29th Street | 200 units
11:30 - 314 E Benson Highway | 50 units
1:00 - 1025 E Benson Highway | 136 units
2:30 - 5251 S Julian Drive | 175 units
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.
Phoenix, Thursday July 23
10:00 - 1501 Grand Avenue | 60 units
12:00 - 1780 W Missouri Avenue | 173 units
2:00 - 1711 W Bell Road | 150 units
Tucson, Friday July 24
10:00 - 4098-4141 E 29th Street | 200 units
11:30 - 314 E Benson Highway | 50 units
1:00 - 1025 E Benson Highway | 136 units
2:30 - 5251 S Julian Drive | 175 units
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 | $3,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $70,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.38 AC |
| Cap Rate | 5.97% | Building Size | 17,934 SF |
| No. Units | 50 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | ||
| Zoning | C2 | ||
| Price | $3,500,000 |
| Price Per Unit | $70,000 |
| Sale Type | Investment |
| Cap Rate | 5.97% |
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.38 AC |
| Building Size | 17,934 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Zoning | C2 |
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 | |
| Land Assessment | $0 | Total Assessment | $125,988 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$125,988
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Benson Apartments | 314 E Benson Hwy
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