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Green Leaf at Broadway 8880 E Broadway Blvd 184 Unit Apartment Building $21,000,000 ($114,130/Unit) Tucson, AZ 85710



Investment Highlights
- 184 Garden-Style Units, Built in 1980
- Individually Metered for Electricity
- Under Current Ownership Since 2016
- Attractive Mix of One (57.6%) & Two-Bedroom (42.4%) Unit Types
- Value-Add Opportunity (Majority Classic Units - 81%)
- All Cash / New Loan
Executive Summary
Green Leaf at Broadway Apartments is a 184-unit, multifamily community located in the Southeast submarket of Tucson, AZ. Situated on East Broadway Boulevard just east of South Camino Seco, the property is located within walking distance to a Walmart Neighborhood Market and Albertson’s, just under eight miles from Davis-Monthan Airforce Base and Saguaro National Park, and approximately one mile to the University of Arizona Campus. A multitude of neighborhood conveniences, services, and entertainment options are located just under four miles to the west at the Park Place Mall which include Round1 Bowling & Arcade, Dillard’s, Cinemark Century movie theater, Total Wine & More, and Yardhouse.
Green Leaf at Broadway Apartments features a total of ten two-story buildings built in 1980 resting on a single ±4.35-acre parcel of land. The property features a unit mix which consists of 106 one-bedroom / one-bathroom units and 78 two-bedroom / one-and-a-half bathroom units with a weighted 677 SF average. Interior amenities include master air conditioning / heating, patio and balcony, walk-in closet, ceiling fans, vinyl wood flooring, extra storage, high speed internet, and kitchens fully equipped with refrigerator, dishwasher, oven and range, and garbage disposal. Select units are equipped with fireplaces and microwaves. Community amenities include swimming pool and spa, two laundry facilities, pet park, clubhouse, fitness center, indoor basketball court, barbecue grills and picnic area, and open and covered parking.
Significant employers in proximity to the property include Park Place Mall, University of Arizona, Raytheon, Davis-Monthan Air Force Base, and Tucson Medical Center.
Green Leaf at Broadway Apartments features a total of ten two-story buildings built in 1980 resting on a single ±4.35-acre parcel of land. The property features a unit mix which consists of 106 one-bedroom / one-bathroom units and 78 two-bedroom / one-and-a-half bathroom units with a weighted 677 SF average. Interior amenities include master air conditioning / heating, patio and balcony, walk-in closet, ceiling fans, vinyl wood flooring, extra storage, high speed internet, and kitchens fully equipped with refrigerator, dishwasher, oven and range, and garbage disposal. Select units are equipped with fireplaces and microwaves. Community amenities include swimming pool and spa, two laundry facilities, pet park, clubhouse, fitness center, indoor basketball court, barbecue grills and picnic area, and open and covered parking.
Significant employers in proximity to the property include Park Place Mall, University of Arizona, Raytheon, Davis-Monthan Air Force Base, and Tucson Medical Center.
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 | $21,000,000 | Building Class | C |
| Price Per Unit | $114,130 | Lot Size | 6.65 AC |
| Sale Type | Investment | Building Size | 124,488 SF |
| No. Units | 184 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1980/2015 |
| Apartment Style | Garden | Parking Ratio | 2.02/1,000 SF |
| Zoning | R-3, Tucson | ||
| Price | $21,000,000 |
| Price Per Unit | $114,130 |
| Sale Type | Investment |
| No. Units | 184 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.65 AC |
| Building Size | 124,488 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2015 |
| Parking Ratio | 2.02/1,000 SF |
| Zoning | R-3, Tucson |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Walk-In Closets
Site Amenities
- Clubhouse
- Courtyard
- Fitness Center
- Laundry Facilities
- Picnic Area
- Spa
- Basketball Court
- Grill
- Laundry Service
- Pet Play Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 104 | - | 418 - 591 |
| 1+1.5 | 2 | - | 857 |
| 2+1.5 | 78 | - | 857 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $689,118 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$689,118
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Green Leaf at Broadway | 8880 E Broadway Blvd
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