Type: Prior Opportunity
Location: Tucson, Arizona
Offering Price: $4,200,000
Type: 144-unit Class C+ apartment complex
Sunflower Apartments is a 144-unit multi-family investment opportunity, located in a B-C class sub-market in southeast Tucson, Arizona, with a vibrant local economy and significant employment and population growth. The complex is within the Stella Mann Neighborhood in southeast Tucson, near the Davis-Monthan Air Force Base, one of Southern Arizona’s top employers with approximately 9,000 personnel. The location on Golf Links Road, a major east-west thoroughfare, provides visibility from more than 48,000 vehicles per day, giving the property a competitive advantage with respect to marketing visibility. This is a well maintained physical assets with 25-year ownership tenure, stabilized occupancy and rental rates significantly below competing properties in the market.