Echo Luxury Apartments — Sale in Tucson, AZ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Tucson, AZ 85710

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Description

Echo Luxury Apartments represents a fully repositioned exterior and interior value add success story with the ability to upgrade an additional 77 units to a premium level in East Tucson. The current ownership has invested over $7,000,000 into a comprehensive renovation of the 128 unit community touching every unit across the property’s studio, one and two-bedroom floor plans transforming a dated asset into a genuinely luxurious modern apartment community. That capital program has already translated into real pricing power, with renovated homes commanding rents up to $1,700+ for two-bedroom units, well above legacy in-place rents at the property, evidencing a significant, provable rent premium that the next owner can continue to push as the remaining lease-up matures.Beyond the unit interiors, Echo Luxury has been reimagined as a true lifestyle community, and the amenity package is genuinely best-in-class for the submarket. Residents enjoy a resort-style pool with the high end cabanas, a year round hot tub/spa, a state-of-the-art fitness center, a resident lounge, and a fully equipped business center, alongside two separate dog parks, picnic and barbecue areas, a cozy firepit, and interactive gaming spaces. The community is fully gated with 24/7 camera coverage and controlled access, and the grounds have been elevated with breathtaking mountain views and botanical garden landscape design, giving the property a curb appeal and resident experience that punches well above ts class and vintage. Covered and assigned parking, on-site management and maintenance, and consistently strong resident reviews round out a community that feels, functions, and leases like a true institutional-quality asset.

Market Context

This commercial property in Tucson, AZ is listed for sale. Compare it against other commercial property listings for sale in Tucson, AZ — view the full market.

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