12-Unit Apartment
For Sale
$999,999
880 S Hwy 80, Benson, AZ 85602
Benson Vista Apartments is a 12-unit residential income property with 2-bedroom, 1-bath units and 11 currently occupied.
Property Size7,812 SF
Price / SF$128.01
Days on Market105
Property Features for 880 S Hwy 80
General Information
Standard status
Active
Size
7,812 SF
Property subtype
Commercial
Occupancy
92%
Additional Details
Highway Access
Yes
Multifamily Units
12
Building Details
Year Built
1973
Tenancy
Multi
Listing Agency:
Haymore Real Estate, LLC
Listed By:
Tara L Finch
(520) 904-0204
Source:
Anthony.viewalltucsonhomes
Added: Jul 9
Changed: Oct 7
Last Checked: Oct 20 at 9:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Haymore Real Estate, LLC
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Investment Insights
Based on property information with market context.
Benson Vista Apartments is a 12-unit apartment building offering units configured with 2 bedrooms and 1 bathroom. Eleven of the 12 units are currently occupied, supporting immediate rental income. The property presents as a straightforward multifamily asset for ownership.
The building is located off Highway 80 in Benson, Arizona, providing convenient access to local amenities and major travel routes.
For buyers seeking a small residential income portfolio, the current occupancy and unit mix provide a practical starting point for ongoing operations.
The building is located off Highway 80 in Benson, Arizona, providing convenient access to local amenities and major travel routes.
For buyers seeking a small residential income portfolio, the current occupancy and unit mix provide a practical starting point for ongoing operations.
Key Highlights
- 12‑unit apartment building with 2‑bedroom, 1‑bath units
- 11 of 12 units currently occupied for immediate rental income
- Multi‑family property located off Highway 80 in Benson
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,119
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,380
$742.4K
Cap Rate 7%
$530,271
$530.3K
Cap Rate 9%
$412,433
$412.4K
Market Conditions
NOI Build-Up for 7,812 SF
Gross rent
$83.4K $10.68/SF
− Vacancy
−$15.9K −$2.04/SF
EGI
$67.5K $8.64/SF
− OpEx
−$30.4K −$3.89/SF
NOI
$37.1K $4.75/SF
Area
Cochise County, AZ
Vacancy
19.11%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,380
Cap Rate 7%
$530,271
Cap Rate 9%
$412,433
Alternative Uses
Best Use
Apartment 5plus
$530.3K
$464.0K – $618.7K
NOI $37,119 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $81,030 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
12
Residential units
91.7%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Explore this area
Business Placement
Demographics for 85602, AZ
10,198
Population
5,386
Households
1.9
Avg Household Size
54
Median Age
26%
College-Educated
91%
High-School Grad
847.5 sq mi
ZIP Area
12
Density / Sq Mi
$53,725
Median Household Income
$32,471
Median Earnings
$760
Median Rent
$195,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Benson Vista Apartments is a 12-unit residential income property with 2-bedroom, 1-bath units and 11 currently occupied.
Where is this apartment building located?
The property is located at 880 S Hwy 80 Benson, AZ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 12‑unit apartment building with 2‑bedroom, 1‑bath units; 11 of 12 units currently occupied for immediate rental income; Multi‑family property located off Highway 80 in Benson
