Roger Townhomes 241-243 W Roger Rd

Roger Townhomes is located in North Central Tucson, just minutes from the Tucson Mall, presenting a Value-add investment opportunity. Built in 1961 and 1952, this complex has had units with recent upgrades offering modern finishes, with a diverse unit mix. With its division into four separate parcels, investors have the potential to sell units individually, potentially increasing the property's overall value and offering an easy exit strategy. In addition, the Seller is willing to offer attractive Seller Financing for qualified investors.
Consisting of 13-units Roger Townhomes has an attractive unit mix – (2) 1bd/1bas, (7) 2bd/1bas, (2) 2bd/2bas, (1) 3bd/2bas, & 1 3bd/2ba SFH residence. Roger Townhomes diverse unit mix positions it to attract a broader tenant demographic, expanding its outreach and occupancy potential. Additionally, there is significant potential to increase the Net Operating Income (NOI) through interior renovations, rental rate adjustments, and aggressive leasing efforts. Currently, units are rented below market rate, creating a strong value-add opportunity for investors to raise rents as leases expire. Units come with modern amenities such as air conditioning, washer/dryer hookups, and some have modern finishes. Electric and gas utilities are individually metered and paid directly by tenants, while water, sewer, and trash expenses are covered by the owner, with tenants reimbursing the owner monthly through RUBS (Ratio Utility Billing System). Investors may also consider adding additional units, creating an opportunity to generate further rental income. The exterior amenities include ample covered and open parking for tenants and guests, as well as backyards and patios to enhance comfort and security.
Situated near the Tucson Mall, Roger Apartments provides convenient access to shopping, dining, and entertainment options. This high retail landscape not only enriches the lifestyle of residents but also offers employment opportunities in close proximity to the community. With its investment potential, modern finishes, and prime location, Roger Apartments offers a promising opportunity for investors.