South Real Estate

South Real Estate

Welcome to Tucson, Arizona, a vibrant city nestled in the heart of Pima County that perfectly blends rich cultural heritage with stunning natural beauty. Known for its warm, sunny climate and breathtaking desert landscapes, Tucson offers an ideal setting for those seeking a unique lifestyle.

As the second-largest city in Arizona, Tucson is steeped in history, with influences from Native American, Mexican, and Western cultures. This rich tapestry is reflected in the city's architecture, cuisine, and festivals. The historic downtown area is a treasure trove of charming shops, art galleries, and delightful eateries, making it a perfect spot for both locals and visitors to explore.

Outdoor enthusiasts will find Tucson to be a paradise. Surrounded by five mountain ranges, the city is a gateway to endless adventures, from hiking and biking to birdwatching and stargazing. The nearby Saguaro National Park is home to the iconic giant saguaro cacti, offering breathtaking views and a chance to connect with nature.

Tucson is also known for its thriving arts scene, with numerous galleries, theaters, and music venues showcasing local talent. The city hosts a variety of cultural events throughout the year, including the Tucson International Mariachi Conference and the Tucson Gem and Mineral Show, attracting visitors from all over the world.

With its friendly community, excellent schools, and affordable living, Tucson is an ideal place to call home. Whether you're looking to settle down or invest in a vacation property, Tucson's charm and diverse offerings make it a prime destination for anyone looking to embrace the beauty of the Southwest. Come discover your new home in this enchanting desert oasis!

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$900,000
This Class C value-add multifamily property is located in South Tucson / Ward 5, immediately south of downtown Tucson near the I-10/I-19 interchange. The property consists of approximately 16 units in a 1-story, stucco/block construction built in 1947 on 1.09 acres of C-2 zoned land. The asset represents a well-positioned investment opportunity in an active trade corridor with solid in-place cash flow and clear value-add potential through utility expense reduction. FY2025 operations produced $140,051 in total income against $75,328 in operating expenses, generating $64,723 of net operating income with a 46.2% NOI margin. The property currently operates as an all-bills-paid community with owner-paid utilities totaling $33,846 annually (approximately 24% of gross income), presenting a straightforward opportunity for NOI growth through RUBS conversion or utility bill-back programs. The subject property sits within a small, active corridor of 1940s-vintage Class C apartment trades along Benson Highway that have produced cap rates of 7.16%-9.10%, confirming investor demand for this product type. The location benefits from proximity to Banner-University Medical Center South and the Tucson VA Medical Center, both consistent generators of workforce rental demand. At an estimated $54,000-$58,000 per unit, the asset trades well below Tucson's average $133,503 per-unit multifamily pricing and far below new-construction replacement cost.

1435 E Benson Hwy, Tucson

Listing courtesy of Marc E Luety II from Real Broker.

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