Morris Apartments 5733-5737 S Morris Blvd

Morris Apartments presents an exceptional turn-key investment opportunity with some additional upside potential. Strategically located near Tucson International Airport and Davis-Monthan Air Force Base, the property is ideally positioned to attract a diverse tenant base, including professionals and military personnel.
The property offers a desirable mix of unit types: (1) Studio, (9) 2BD/1BA, and (3) 3BD/2BA units, catering to a variety of tenant needs. The property has had strong historical occupancy creating day one cash flow for investors and positive returns. Each unit features open layouts with durable tile flooring throughout, offering modern and low-maintenance living spaces. Some units have been upgraded with contemporary finishes, including updated cabinets and fresh interior paint, showcasing the potential for further property-wide enhancements. Additional amenities, such as air conditioning and private patios, enhance tenant satisfaction and retention.
The property also features an on-site laundry facility and ample parking spaces for tenants and their guests. Operational costs are minimized through a Ratio Utility Billing System (RUBS), as the owner currently covers water, sewer, and trash expenses. Furthermore, individual utility meters for electricity and gas ensure efficient energy management. The individually parceled unit buildings offer flexibility for future investment strategies, such as selling the parcels individually or exploring creative financing options.
The property’s proximity to major employers ensures a strong tenant pool, further bolstering it’s investment appeal. With its solid foundation, strategic location, and opportunities for growth through additional renovations and optimized leasing strategies, Morris Apartments represents a compelling opportunity to capitalize on a well-maintained asset with remarkable value-add potential.