5240 E Bellevue Street, Tucson, AZ 85712
$9,500,000
Property Type:
Commercial
Square Footage:
126,600
Lot Size (sq. ft.):
272
Status:
Active
Current Price:
$9,500,000
List Date:
9/22/2025
Last Modified:
9/22/2025
Description
The Casa de Caro apartments were built in 1979 with 108 individually metered units located along the major arterial of Speedway Boulevard in Tucson, Arizona. The property currently consists of 95 Jr 1BR's 14 1BR units and a 2BR unit and presents a solid stabilized investment with the ability to increase revenue by increasing current rents to market and converting 27 remaining corner Jr 1BR units into full 1BR units. Addresses 5220 and 5240 E Bellevue.
5 separate buildings 3 separate parcels.
121-12-051A / 12120530 / 121120550. Sq/ft and lot dimensions are for all 3 lots and 5 buildings.
More Information MLS# 22524605
Address Information
Country: USA
Street #: 5240
Direction: E
Street Name: Bellevue
Suffix: Street
State/Province: AZ
Zip Code: 85712
County: Pima
Location, Tax & Legal
Tax Year: 2024
Taxes: 18809.9
Legal Description: From Parcel:001010010 /Avondale N290' Of Lot 9 Blk 3 AVONDALE S185' N290' LOT 10 BLK 3
Municipality/Zoning: Tucson - R3
Fire Protection: None
Tax Code: 121-12-0530
Area: Central
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $9,500,000
List Price: $9,500,000
Listing Date: 2025-09-22
Status: Active
Showing Information
Directions: From Grant road turn south onto Rosemont 2.3 miles turn east on Bellevue to address.
Property is on the south side of the street.
General Property Information
Property Sub-Type: Apartment
# Units: 108
Lot Dimensions: 3 lots 288' x125' and 288' x125' and 180' x110'
Lot Acres: 2.9
Total Parking: 115
Lot Sqft: 34804
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 75.04
Lot Size Price/SqFt: 272.96
Year Built: 1979
Combined SqFt: 126600
Electric
Electric Company: TEP
Construction
Masonry Stucco: 1
Sewer
Connected: 1
Unit Information
Apartment: Mid Rise
Apartment Unit Information
# of Units/Studios: 98
Avg Mo Rent/Studios: 800
# of Units/1 BR: 9
Avg Mo Rent/1 BR: 950
# of Units/2 BR: 1
Avg Mo Rent/2 BR: 1200
Roof
Shingle: 1
Water
Water Company: Tucson water
Road Type
Paved: 1
Main Cooling
Wall Unit(s): 1
Main Heating
Other: 1
Water Heater
Electric: 1
Terms
Submit: 1
Submit With Offer
Proof of Funds: 1
Landscape - Front
Low Care: 1
Landscape - Rear
Low Care: 1
Property Disclosures
Lead Based Paint: 1
Remarks Misc
Geo Lat: 32.237513
Geo Lon: -110.880474
Property Features
Construction: Masonry Stucco
Roof: Shingle
Main Cooling: Wall Unit(s)
Main Heating: Other
Water Heater: Electric
Sewer: Connected
Landscape - Front: Low Care
Landscape - Rear: Low Care
Road Type: Paved
Terms: Submit
Submit With Offer: Proof of Funds
Property Disclosures: Lead Based Paint
Documents
Lead paint disc ›Listing Office: Equilibrium Realty
Last Updated: September - 22 - 2025
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