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For sale
  • $2,695,000

    3218 E Benson Hwy, Tucson, AZ 85706

    --beds
    0baths
    12,050sqft
    : 
    Multi Family
    Built in 1942
    -- sqft lot
    $-- Zestimate®
    $224/sqft
    $-- HOA

    What's special

    Recent apartment updatesNew windowsNew roofNew cabinets
    Western Villas is a 38-unit mixed use asset situated on two parcels, located on Benson Highway in southeast Tucson, Arizona. The property falls in an Opportunity Zone, an area designated by the State and designed to spur economic development and job creation in the area. Acquiring an asset located in an Opportunity Zone is a benefit to a future owner who may be eligible for preferential tax treatment (buyer to do all due diligence). The property consists of 36 apartments units, two (2) owned mobile homes that currently rent for $925/month, and four (4) RV space rentals that collect $32,280 in additional income annually. The four spaces lease for $915, $675, $650 and $450, respectively. Utilities are included in the space rent on a flat rate basis, offering an upside in implementing a RUBs system for a future owner. Recent apartment updates include two thirds of the interiors remodeled with new cabinets, countertops and flooring. Exterior renovations include new windows, new roof, main sewer line and laterals replaced, and new gas lines installed. Western Villas is located 1 mile from the billion-dollar Mosaic Quarter project with forecasted completion of Phase 1 in 2027. The Mosaic Quarter is projected to support around 2,000 community jobs and generate $8.3 billion of new local economic impact for the State of Arizona, City of Tucson, and the Regional Transportation Authority (Source: Macquarie). The property benefits from its proximity to bus lines, major interstates (I-19 and I-10) and the Tucson International Airport, ensuring convenient travel options. Residents feel at home with the convenience of nearby dining, shopping, entertainment, and local parks & recreation centers. Nearby Davis-Monthan Air Force Base provides a strong tenant base, and the property has strong rental demand. Western Villas offers a unique opportunity to capitalize on Tucson's growth and vibrant community, providing both immediate rental income and long-term value appreciation. The seller is offering owner financing for qualified buyers. Please call agent for more information.
    89 days
    on Zillow
    |
    251
    |
    8
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 07, 2025 at 01:07pm

    Listed by:

    480-305-5600,

    Joseph Bernard Investment Real Estate

    Source: My State MLS,MLS#: 11492043
    Travel times

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    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Basement
    • Area: 0
    Heating
    • Has Heating (Unspecified Type)
    Features
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 12,050
    • Total interior livable area: 12,050 sqft
    • Finished area above ground: 12,050

    Property

    Lot
    • Size: 2.18 Acres
    Details
    • Parcel number: 14009031001
    • Lease amount: $0

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1942
    • Major remodel year: 2023

    Utilities & green energy

    • Electric: Amps(0)

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Tucson

    Financial & listing details

    • Price per square foot: $224/sqft
    • Tax assessed value: $171,000
    • Annual tax amount: $1,668
    • Date on market: 5/7/2025
    • Date available: 05/07/2025
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