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Owls & Mesa Lodge

Owls & Mesa Lodge

https://www.josephbernard.net/owls--mesa-lodge
Address:
2015-2027 E Benson Highway, Tucson, Arizona 85714
Price:
$1,900,000
Units:
23
Price per unit:
$82,609
Cap Rate:
7.45%
Year Built:
1955/1957

Highlights

  • Value-add opportunity
  • Prime location within walking distance to many amenities
  • Garden style apartment community
  • Additional revenue streams
  • Recent Capital Improvements
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Owls & Mesa Lodge

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. 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.

Highlights

  • Value-add opportunity
  • Prime location within walking distance to many amenities
  • Garden style apartment community
  • Additional revenue streams
  • Recent Capital Improvements

Owls & Mesa Lodge

E Benson Highway/S Campbell Avenue

Owls & Mesa Lodge

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Owls & Mesa Lodge

Joseph Bernard, LLC
5 Centerpointe Drive, Suite 400
Lake Oswego, OR 97035
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax