Owls & Mesa Lodge | 2027 E Benson Hwy
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Owls & Mesa Lodge 2027 E Benson Hwy
23 Unit Apartment Building $2,732,127 CAD ($118,788 CAD/Unit) 8.59% Cap Rate Tucson, AZ 85714
Executive Summary
The Owls and Mesa Lodge presents a unique opportunity to add value by raising rents and carrying out interior renovations. The current owner has already invested more than $63,000 in capital improvements over the past year, including interior renovations and converting the office into a two-bedroom unit. In addition to rental income, the property generates substantial additional revenue through a Clear Channel billboard located on-site and by leasing part of the back parcel of land as a parking lot.
This property is ideally located in a prime area, less than a 10-minute drive from multiple key destinations including the University of Arizona, the Kino Sports Center, Banner-University Medical Center South, the Tucson Museum of Art, and the International Airport. There is a new multi-billion dollar sports complex approved for Tucson’s southside. The venue is expected to create thousands of new jobs for the region. Offering both convenience and accessibility, this property is also within walking distance of grocery stores, a large pharmacy, and a variety of restaurants. This means that residents can easily access all the essential services and amenities they need without having to travel far. Overall, this property offers an unbeatable combination of location, convenience, and accessibility that is sure to appeal to a wide range of residents.
This property is ideally located in a prime area, less than a 10-minute drive from multiple key destinations including the University of Arizona, the Kino Sports Center, Banner-University Medical Center South, the Tucson Museum of Art, and the International Airport. There is a new multi-billion dollar sports complex approved for Tucson’s southside. The venue is expected to create thousands of new jobs for the region. Offering both convenience and accessibility, this property is also within walking distance of grocery stores, a large pharmacy, and a variety of restaurants. This means that residents can easily access all the essential services and amenities they need without having to travel far. Overall, this property offers an unbeatable combination of location, convenience, and accessibility that is sure to appeal to a wide range of residents.
Property Facts
Price | $2,732,127 CAD | Building Class | C |
Price Per Unit | $118,788 CAD | Lot Size | 0.74 AC |
Sale Type | Investment | Building Size | 5,267 SF |
Cap Rate | 8.59% | No. Stories | 1 |
No. Units | 23 | Year Built | 1955 |
Property Type | Multifamily | Tenancy | Single |
Property Subtype | Apartment | Parking Ratio | 3.35/1,000 SF |
Apartment Style | Garden | Opportunity Zone |
Yes
|
Price | $2,732,127 CAD |
Price Per Unit | $118,788 CAD |
Sale Type | Investment |
Cap Rate | 8.59% |
No. Units | 23 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | C |
Lot Size | 0.74 AC |
Building Size | 5,267 SF |
No. Stories | 1 |
Year Built | 1955 |
Tenancy | Single |
Parking Ratio | 3.35/1,000 SF |
Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Kitchen
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
Studios | 21 | $1,099 CAD | 400 |
1+1 | 1 | $1,301 CAD | 450 |
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Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $646,739 CAD | |
Land Assessment | $718 CAD | Total Assessment | $675,267 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$718 CAD
Improvements Assessment
$646,739 CAD
Total Assessment
$675,267 CAD
zoning
Zoning Code | C-2 |
C-2 |
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Presented by
Joseph Bernard Investment Real Estate
Owls & Mesa Lodge | 2027 E Benson Hwy
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