Bellevue Tower
• Attractive value add opportunity
• Operation upside through management
• Securely gated community
• Major recent renovations and upgrades
• Beautifully maintained landscaping
• Outdoor BBQ and picnic area
• Common area laundry facilities & trash shoot (tower)
• On-site management office & maintenance room
• Shimmering swimming pool, dog park, & fitness center
• Located in Central Tucson
Property Description
Bellevue Towers presents a 90-unit multifamily investment opportunity in Central Tucson, combining spacious floor plans, an established amenity package, and opportunities to improve operating performance. Located at 3710–3730 East Bellevue Street, the community features a distinctive mix of garden-style apartments, tower residences, and townhomes. Built in 1969 and 1972 with subsequent renovations, the property offers investors an established asset with opportunities to build on existing improvements through targeted interior upgrades, focused leasing efforts, and efficient management. The community offers one-, two-, and three-bedroom residences ranging from approximately 650 to 1,800 square feet, with an average unit size of approximately 1,080 square feet. Two- and three-bedroom layouts comprise the majority of the unit mix, providing generous living spaces and a range of options for residents seeking additional bedrooms, home office space, or townhome living. Interior upgrades include vinyl plank flooring, updated cabinetry and fixtures, and stainless steel appliances. Select residences also feature in-unit washers and dryers, walk-in closets, and private balconies or patios. The variety of floor plans and finish levels provides an opportunity for new ownership to selectively enhance interiors and refine pricing as units turn and market conditions allow. Bellevue Towers offers a well-rounded amenity package within a gated community featuring mature shade trees, palm trees, and landscaped green spaces. Residents enjoy a swimming pool, fitness center, dog park, and outdoor barbecue and picnic areas. Additional conveniences include common laundry facilities, covered parking, and an on-site management office and maintenance room. These existing amenities provide a foundation for resident satisfaction and retention while allowing future ownership to concentrate improvements on the areas with the greatest potential impact on leasing and operating results. The property’s Central Tucson location provides convenient access to the Speedway Boulevard and Alvernon Way corridors, connecting residents to shopping, dining, services, and employment throughout the city. Its combination of large residences, varied housing styles, and established community amenities offers a differentiated rental option within the surrounding market. For investors, Bellevue Towers presents an opportunity to acquire a substantial Central Tucson community with multiple avenues for long-term value creation through disciplined operations, continued property enhancements, and a leasing strategy tailored to prevailing market conditions.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| Price: | $13,000,000 |
| No. of Units: | 90 |
| Year Built: | 1972 |
| Building Size: | 97,393 Sq ft |
| Lot Size: | 2.48 Acres |
| Opportunity Zone: | No |
| Price per unit: | $144,444 |
| Parking Spaces: | 111 |
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout