2559 Tucson Blvd Tucson, AZ 85716

This exceptional 26-unit apartment building presents a compelling investment opportunity in Tucson, Arizona. Located at 2559 N Tucson Blvd, this well-maintained property boasts 15,502 square feet on a 0.68-acre lot, offering a compelling 6.93% cap rate and a strong NOI of $176,730. The building, constructed in 1986, features a desirable U-shaped design centered around a refreshing pool. The two-story structure comprises 24 single-bedroom and 2 two-bedroom units, each equipped with a balcony or patio, a full kitchen, and air conditioning. Ample parking is provided with 10 covered spaces and 16 surface spots, supplemented by convenient side street parking. On-site laundry facilities add to the convenience. The property's prime location, just 1.5 miles from the University of Arizona, ensures high occupancy rates and strong rental demand. Proximity to Grant Road and Tucson Boulevard provides easy access to public transportation, shopping, dining, and numerous amenities. Zoned Tucson R-3, this property offers significant value-add potential. The asking price is $2,550,000, translating to $98,077 per unit and $164.49 per square foot. This is a rare opportunity to acquire a well-positioned multifamily asset in a thriving Tucson neighborhood. The property features a total of 26 units.