1435 E Benson Hwy, Tucson, AZ 85714
1435 E Benson Hwy, Tucson, AZ 85714
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Listed by Real Broker • Marc E Luety II
$900,000
Est. payment /mo
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4,651 SqFt
Active

1435 E Benson Hwy Tucson, AZ 85714

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Matthew Dibble

Matthew Dibble

+1(623) 219-7953

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,651 sqft

Price per Sqft $193

MLS Listing ID 22622120

Year Built 1948

Annual Tax Amount $3,500

Tax Year 2025

Lot Size 1.081 Acres

Acres 1.08

Lot Dimensions irregular

Source MLS of Southern Arizona

Property Description

This Class C value-add multifamily property is located in South Tucson / Ward 5, immediately south of downtown Tucson near the I-10/I-19 interchange. The property consists of approximately 16 units in a 1-story, stucco/block construction built in 1947 on 1.09 acres of C-2 zoned land. The asset represents a well-positioned investment opportunity in an active trade corridor with solid in-place cash flow and clear value-add potential through utility expense reduction. FY2025 operations produced $140,051 in total income against $75,328 in operating expenses, generating $64,723 of net operating income with a 46.2% NOI margin. The property currently operates as an all-bills-paid community with owner-paid utilities totaling $33,846 annually (approximately 24% of gross income), presenting a straightforward opportunity for NOI growth through RUBS conversion or utility bill-back programs.

The subject property sits within a small, active corridor of 1940s-vintage Class C apartment trades along Benson Highway that have produced cap rates of 7.16%-9.10%, confirming investor demand for this product type. The location benefits from proximity to Banner-University Medical Center South and the Tucson VA Medical Center, both consistent generators of workforce rental demand. At an estimated $54,000-$58,000 per unit, the asset trades well below Tucson's average $133,503 per-unit multifamily pricing and far below new-construction replacement cost.

Location

State AZ

County Pima

Area South

Zoning Tucson - C2

Direction From Ajo, go southeast on Benson Hwy to property on Left

Exterior

View Y/N No

Others

Tax ID 132-16-0320

MLS of Southern Arizona - IDX

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Matthew Dibble

Matthew Dibble

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+1(623) 219-7953

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1435 E Benson Hwy