The Elaine 2322 N Elaine Blvd

The Elaine presents a multifamily asset located in central Tucson. The property holds a value-add opportunity through operational upside and aggressive leasing and marketing efforts. The community’s exterior is further enhanced by well-maintained common areas with lush desert plants. The current amenities include – a covered picnic area for tenants to sit under, along with a dog park. For additional convenience, on-site laundry facilities are available as well.

The property consists of 16 1BD/1BA units, most units at The Elaine are renovated units including fully equipped kitchens with modern white cabinetry and up to date finishes, new paint, countertops, and modern wood vinyl flooring. The Property keeps up with modern trends allowing them to keep tenants satisfied and retained. Beneficial to investors, electric and gas are individually metered while Water/Sewer/Trash are master metered. a RUBs bill back system is in usage, shifting the expense of those utilities back to tenants. By capitalizing on the discrepancy between current and market-rate rents, investors can improve the property’s cash flow and overall return on investment over time. The gradual increase in rent as leases renew ensures minimal disruption to tenant retention while unlocking the full income potential of the property.

The strategic location near Tucson Medical Center and Costco captures a strong working resident base who can readily access in nearby entertainment options like the Campbell Shopping Plaza, Culinary Dropout, and Roadhouse Cinema.

For investors with a keen eye for prime locations of growth opportunity, The Elaine offers an exceptional setting, located just a short ten minute drive from the University of Arizona and the Heirloom Farmers Market. This is an investment opportunity that leverages a strategic location, well-kept property, and convenient multifamily living. Don't miss the chance to capitalize on this promising venture