3314 E Benson Hwy
Tucson, AZ 85706
Benson Motel · Hospitality Property For Sale · 24 Rooms

The Benson Apartments is a 30-unit multifamily community located off of Benson Highway in Tucson, AZ. This property was converted from a motel to apartments in 2017. The owner has invested over $320,000 in capital expenditures qualifying the majority of the units for the HUD-VASH program. The HUD-VASH program is a collaboration between both HUD and the VA to help homeless Veterans and their families sustain housing. The current owner has all needed items to qualify the remaining units for the HUD-VASH program, and is willing to convey everything within the sale. As well, he is willing to continue managing the property off site, eliminating the free rent and salary from the manager’s unit, thereby significantly increasing cash flow. Additionally, the owner also has ties with U-Haul and is willing to convey his ownership, which would only involve paperwork and can produce up to $1,000 in extra monthly income. The owner has created affordable housing for Veterans and completed all the heavy lifting with regards to HUD-VASH qualification, while still leaving many value-add opportunities on the property. Built in 1947 and renovated in 2017, The Benson Apartments consists of 30 total units: 15 kitchenettes, 3 one-bedroom / one-bathroom units, 1 two-bedroom / two-bathroom manufactured home, 1 three-bedroom / two-bathroom manufactured home, 6 RV spaces, and 2 duplexes each housing one-bedroom / one-bathroom units. There is also the ability to convert the storage facility into a large casita. Constructed of concrete and having brand new roofs and insulation, the Benson Apartments have a strong foundation. It sits on over an acre of land and has recently been repaved and repainted, giving these apartments an extremely appealing elevation. Each remodeled unit has brand new ceramic tile or vinyl flooring, stainless-steel appliances, A/C units, solar screens, paint, cabinets, 32” LED TVs, and much more.