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Western Villas 3242 E Benson Hwy 38 Unit Apartment Building $2,375,000 ($62,500/Unit) 8.12% Cap Rate Tucson, AZ 85706
Investment Highlights
- Extensively Renovated Asset with Reduced Near-Term Capital Needs
- Diversified Income Across Apartments, Mobile Homes, and RV Spaces
- Less Than One Mile from the Billion-Dollar Mosaic Quarter Development
- Designated Opportunity Zone with Potential Tax Advantages
- Defined Value-Add Upside Through Rent Growth, RUBS, and Interior Upgrades
- Established Demand Drivers in the Southeast Tucson Submarket
Executive Summary
MMG Real Estate Advisors is pleased to present the opportunity to acquire Western Villas, a renovated multifamily asset located along the Benson Highway corridor in southeast Tucson, Arizona. The property comprises 36 apartment units, 2 owned mobile homes, and 4 RV spaces, generating diversified income across multiple revenue streams. Renovated in 2023 with extensive capital improvements, Western Villas offers investors a well-maintained asset within a designated Opportunity Zone, with clear value-add upside and strong positioning near a major mixed-use development projected to bring significant job growth and economic impact to the area.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,375,000 | Apartment Style | Garden |
| Price Per Unit | $62,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.18 AC |
| Cap Rate | 8.12% | Building Size | 12,050 SF |
| No. Units | 38 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1953/2023 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | Multiple Use - Multiple Use zoning, a mixed-use zone that allows for a combination of residential and commercial activities. | ||
| Price | $2,375,000 |
| Price Per Unit | $62,500 |
| Sale Type | Investment |
| Cap Rate | 8.12% |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.18 AC |
| Building Size | 12,050 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1953/2023 |
| Opportunity Zone |
Yes |
| Zoning | Multiple Use - Multiple Use zoning, a mixed-use zone that allows for a combination of residential and commercial activities. |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 29 | $814.00 | 275 |
| 1+1 | 6 | $820.00 | 550 |
| 2+1 | 3 | $988.50 | 700 - 900 |
1 1
Somewhat walkable
30/100
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 | $29,915 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$29,915
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Western Villas | 3242 E Benson Hwy
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