Tropicana Apartments 3815-3819 E 3rd st

Tropicana Apartments presents a turn-key investment opportunity, offering exceptional potential for investors seeking a well-maintained, income-generating asset with room for growth. Featuring 14 thoughtfully renovated units, the property’s unit mix is designed to meet the expectations of modern renters. Its combination of contemporary interiors, appealing amenities, and strategic location makes Tropicana Apartments a standout asset in a competitive market.
The unit breakdown includes (2) Studios, (8) 1BD/1BA units, and (4) 2BD/1BA units, all equipped with stainless steel appliances, quartz countertops, dishwashers, and air conditioning for a modern and comfortable living experience. Additionally, all of the units feature in-unit washer/dryers, a highly sought-after amenity that enhances both tenant satisfaction and the property’s overall value. Each unit is individually metered for electricity and gas, giving tenants control over their utility expenses while ensuring operational efficiency for ownership. Upgrades include contemporary interiors, Quartz countertops, plywood shaker style soft close kitchen cabinets, luxury vinyl floors throughout, single bowl sinks with gooseneck faucets and led lights
Tropicana Apartments also offers an array of exterior amenities to enhance tenant living experiences. Select units have private backyards, adding to their desirability. All residents benefit from a sparkling gated pool, which serves as a relaxing common area feature. A BBQ picnic area and a landscaped courtyard provide inviting spaces for social gatherings, promoting a sense of community. The property’s artificial turf and meticulously maintained landscaping contribute to its exceptional curb appeal, while masonry construction ensures durability and minimizes maintenance costs, delivering long-term value for investors.
The property’s extensive renovations and strategic location provide significant upside potential. Located near the University of Arizona and Park Place Mall, Tropicana Apartments offers convenient access to employment hubs, shopping, and entertainment, ensuring a consistent and diverse tenant pool This combination of thoughtful renovations, appealing amenities, and a prime location makes Tropicana Apartments an outstanding investment opportunity.