Wildflower Apartments

• Value-add opportunity
• Well maintained grounds
• On-site laundry facility
• Large gated pool
• Ample parking
• Shared hot water via boiler system
• Tenants pay for their electric usage
• Owners pays Water/Sewer/Trash & HW

Property Description

Wildflower Apartments offers a prime multifamily asset situated in central Tucson, featuring both immediate value-add potential and promising longterm rent growth. Consisting of 28 units, each equipped with patios or balconies, this property is ideally located near shopping and entertainment hubs, providing a clear opportunity for value enhancement through interior/exterior upgrades, operation enhancement, and rent increases. The complex is comprised of 20 1BD/1BA units and 8 2BD/1BA units. A couple of units have already undergone partial renovations, including upgrades like vinyl flooring, paint-refreshed interiors, countertops, and upgraded finishes. An in-unit dishwasher is provided to the tenants as well. The tenants pay for their electric usage while the owner pays for the water, sewer, trash & hot water usage. The seller bills back for that usage thanks to a successful RUBS program in place which can be built on by new ownership. Wildflower Apartments consists of four two-story buildings constructed with wood frame and stucco. Community amenities include a swimming pool, laundry facilities, and ample parking, further enhancing the appeal of this investment opportunity. Upon completing comprehensive renovations, rental rates can be substantially increased, resulting in a notable rise in property value and net operating income (NOI). Situated near Tucson Medical Center— a top employer employer in Tucson the location offers a solid foundation for a robust tenant base. Wildflower Apartments represents an excellent valueadd prospect for investors seeking to capitalize on this thriving market. Wildflower Apartments is located in close proximity to entertainment and numerous dining options such as Postino Grant, Blue Willow restaurant, Baja Café, Campbell Plaza entertainment complex, and several major employers including Tucson Medical Center. These features greatly enhance the appeal of Wildflower Apartments as a highly desirable community for its residents. With access to shopping, dining, and employment hubs nearby, residents benefit from both convenience and a vibrant neighborhood atmosphere.