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Owls & Mesa Lodge 2027 E Benson Hwy

23 Unit Block of Flats £1,503,533 (£65,371/Unit) 8.59% Net Initial Yield 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.

Property Facts

Price £1,503,533
Price Per Unit £65,371
Sale Type Investment
Net Initial Yield 8.59%
No. Units 23
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.74 AC
Building Size 5,267 SF
Number of Floors 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 £604.60 400
1+1 1 £715.97 450
Bike Score ®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 132-19-0060
  • 132-19-0070
Land Assessment
£399
Improvements Assessment
£359,472
Total Assessment
£375,328

zoning

Zoning Code C-2
C-2
  • Listing ID: 34250234

  • Date on Market: 19/12/2024

  • Last Updated:

  • Address: 2027 E Benson Hwy, Tucson, AZ 85714

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