2450-2466 N Treat Ave Immeuble residentiel 9 lots 685 040 € (76 116 €/Lot) Taux de capitalisation 6,69 % Tucson, AZ 85716

Treat Apartments is located in North Central Tucson just minutes from the Campbell shopping plaza & Culinary Dropout. This ideally located asset presents a fantastic value-add investment opportunity. In addition, the Seller is willing to offer attractive Seller Financing for qualified investors. This will allow a potential purchaser time to renovate the complex, increase the operations and financials, & stabilize the asset while still keeping monthly debt costs low.
Comprised of 9-units Treat Apartments is made up of – (1) Studio, (7) 1bd/1bas, & (1) 3bd/1.5ba house. With a diverse unit mix, the complex is positioned to attract a broader tenant demographic, expanding its outreach and occupancy potential. Additionally, there is significant potential to increase the Net Operating Income (NOI) through interior renovations, rental rate adjustments, and aggressive leasing efforts. Currently, units are rented below market rate, creating a strong value-add opportunity for investors to raise rents as leases expire. Electric and gas utilities are individually metered and paid directly by tenants, while water, sewer, and trash expenses are covered by the owner. The exterior amenities include ample and open parking for tenants and guests, as well as some units having fenced backyards and patios to enhance comfort and security.
Situated near the Campbell Shopping Plaza & the redevelopment intersection of Grant Rd. & Tucson Blvd, Treat Apartments provides convenient access to shopping, dining, and entertainment options. This high retail landscape not only enriches the lifestyle of residents but also offers employment opportunities in close proximity to the community. With its investment potential, attractive debt via seller financing, and prime location, Treat Apartments offers a promising opportunity for investors.