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2015 E Benson Highway

Tucson, AZ 85714
  • $1,900,000
  • STATUS: Active
  • ID#: 22307290
$1,900,000
  • 0
    BEDS
  • 1.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,550
    SQFT
  • $199
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1955
County:
Area:

School Ratings & Info

Courtesy of Joseph Bernard Investment RE.

Description

The Owls & Mesa Lodge presents a unique opportunity to add value by raising rents & carrying out interior renovations. The current owner has already invested more than $63k in capital improvements over the past year, including interior renovations & converting the office into a 2 BD unit. In addition to rental income, the property generates substantial additional revenue through a Clear Channel billboard located on-site & by leasing part of the back parcel of land as a parking lot.Offering convenience, accessibility, & ideally located near key destinations including the University of Arizona, the Kino Sports Center, Banner-University Medical Center South, the Tucson Museum of Art, & the International Airport, also within walking distance of grocery stores & a variety of restaurants.

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MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2024-02-28T00:07:06.057.
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Elite Home Advisors | Keller Williams Southern Arizona are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
www.housesearchtucson.com/homes/138255519
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2015 E Benson Highway Tucson, AZ 85714

  • Price: $1,900,000
  • Status: Active
  • On Site: Days
  • ID#: 22307290
0
Beds
0
Baths
0
½ Baths
1.4
Acres
9,550
SQFT
$199
$/SQFT
1955
Built
Neighborhood:
South
County:
Pima
Area:
South
Property Description
The Owls & Mesa Lodge presents a unique opportunity to add value by raising rents & carrying out interior renovations. The current owner has already invested more than $63k in capital improvements over the past year, including interior renovations & converting the office into a 2 BD unit. In addition to rental income, the property generates substantial additional revenue through a Clear Channel billboard located on-site & by leasing part of the back parcel of land as a parking lot.Offering convenience, accessibility, & ideally located near key destinations including the University of Arizona, the Kino Sports Center, Banner-University Medical Center South, the Tucson Museum of Art, & the International Airport, also within walking distance of grocery stores & a variety of restaurants.
Exterior Features

Construction Brick Fence None Landscape Front Grass Road Type Paved Roof Rolled

Interior Features

Main Cooling Evaporative Cooling Main Heating Wall Water Heater Natural Gas

Property Features

Analysis Cap Rate Percent 7.45 Analysis Gross Rent Multi 7.65 Analysis Vacancy Rate Percent 0.00 Assessments 0.00 Country USA Electric Master Meter No Fire Protection None Gas Natural Income Adjusted Gross 248250.00 Income Gross Scheduled Rent 195288.00 Income Net Opp Income 141546.00 Income Other Income 52967.00 Income Vacancy Loss 5.00 Lot Dimensions Unknown Lot Sqft 61380.00 Multi Tenant Yes Municipality Zoning Tucson - C2 Property Features Smoke Detector Property Sub Type Apartment Sewer Connected Short Sale No Source Of Sqft Other Tax Year 2022 Taxes 5182.71 Total Parking 32 Water City

Listing provided by Joseph Bernard Investment RE: (480) 305-5600. Listing information © 2024 MLS of Southern Arizona.


MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2024-02-28T00:07:06.057.
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Elite Home Advisors | Keller Williams Southern Arizona are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
 
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Elite Home Advisors | Keller Williams Southern Arizona
4574 N 1st Ave STE 170
Tucson AZ, 85718
Courtesy of Joseph Bernard Investment RE.