Catalina View 5160 E Bellevue St Immeuble residentiel 31 lots 2 385 600 € (76 955 €/Lot) Taux de capitalisation 7,31 % Tucson, AZ 85712

Catalina View Apartments presents a prime value-add opportunity with strong long-term rent growth potential. Strategically located in Central Tucson, just minutes from major shopping centers, within 5 miles of the University of Arizona, the property is well-positioned to capture consistent tenant demand.
Catalina View offers a desirable unit mix of 31 well-designed units: (1) studio, (12) 1BD/1BA, (14) 2BD/2BAs, & (4) 3BD/2Bas. The interiors are spacious and well-maintained, featuring tile flooring and dishwashers. However, significant upside exists through the implementation of modern renovations, including updated finishes, new countertops, modern flooring, and fresh paint. These improvements would not only align the property with current market trends but also enhance tenant satisfaction and retention. From an operational standpoint, the property is individually metered for electricity, with water, sewer, and trash on a master meter. A RUBS system can be implemented, effectively shifting utility costs to residents and improving expense control for ownership.
The community offers strong tenant-facing amenities that enhance both resident satisfaction and ownership value. Features include large storage units with potential for additional rental income, a well-maintained swimming pool, a BBQ area, and an on-site coin laundry facility that provides supplemental income. The fully gated perimeter and parking lot further add to the property’s security and overall tenant appeal.
With below-market rents, consistent occupancy, and clear value-add potential through interior and exterior upgrades coupled with proactive leasing strategies, Catalina View Apartments represents an exceptional investment opportunity in one of Tucson’s most stable rental markets.