The Wasko Modern Apartments
A fully transformed income property in sunny Tucson! Wasko Apartments has undergone a comprehensive top-to-bottom renovation:
Brand new cabinets, stainless appliances and quartz countertops
Fresh modern flooring and LED light fixtures
Turnkey interiors ready for residents
This community near the University of Arizona campus is a prime opportunity. In addition to assuming the owners existing 3.45% fixed-rate mortgage, the property is in excellent condition meaning that the business plan is focused on operational efficiency, not reliant on construction.
Why you want a property in Tucson
in your portfolio
With strong seasonal influx of University of Arizona students every year this market has shown steady economic and population growth since the pandemic. Read the articles below for a more complete picture of what's going on in this booming submarket of Phoenix, Arizona.
Tucson Leading in Business Growth
In 2023, Tucson ranked third among peer western MSA's for the number of establishments hiring workers. With growth of 8.2% marks steady growth for the Phoenix, AZ submarket every year since the pandemic.
Marcus & Millichap Tucson Market Report
Elevated homeownership costs, significant hiring and business growth drive apartment demand. The difference between the average monthly mortgage payment and the mean monthly rent for a top-tier apartment nearly doubled in 2023.
Tucson market showing steady growth
The Tucson multifamily market posted improving performance during the third quarter. The vacancy rate decreased, and rents maintained an upward trajectory...area rents increased by 2.7% in the past year