Presidents Apartments 421 E President St Immeuble residentiel 5 lots 389 827 € (77 965 €/Lot) Taux de capitalisation 7,52 % Tucson, AZ 85714

Presidents apartments is a value-add opportunity featuring 5 apartment units. The asset is well-maintained and features renovated units and attractive low maintenance landscaping, including large shade trees and desert plants that create a distinctive desertscape aesthetic. The asset is located just across the street from the VA Hospital and a short drive to Tucson Airport and Raytheon, one of Tucson’s top employers. President Apartments offers a convenient location with a mix of three studio units and two 2BD/1BA units. With strong historical occupancy and slightly below market rents, this investment opportunity provides stable cash flow with long term growth.
The units have undergone renovations, including upgrades to bathrooms, dual pane windows, flooring, modern cabinet finishes, appliances, and countertops, delivering a modern and appealing living space. In addition – the exterior stucco and paint has been upgraded and both ACs on the 2bds have been replaced in the last year. Investors will appreciate the fact that each unit has its own electric and gas meter, allowing for efficient cost management and increased profitability. The owner pays for the water/sewer/trash bill and charges tenants a RUBS fee for usage.
Ideally located just off Ajo, The President Apartments offers convenient access to entertainment, with numerous options within walking distance, further enhancing its appeal. Nearby attractions include Tumamoc Hill, Kino Sports Complex, Tucson Botanical Gardens, and Tucson Airport, offering residents a variety of recreational and cultural experiences. With easy access to I-10 and I-19, commuting is also hassle-free.
With its excellent location, recent unit upgrades, and strong value-add potential with current in-place occupancy, The President Apartments is an outstanding investment opportunity. It caters to a diverse tenant pool, including families, health care workers, and young professionals, and offers investors the chance for immediate returns and long-term value growth through strategic rent increases.