$2.32M in Multifamily Sales Signal Investors Continued Confidence in Tucson Market
TUCSON, AZ (April 28, 2025)— Allan Mendelsberg and Joey Martinez, Principals and multifamily specialists with Cushman & Wakefield | PICOR, brokered two separate multifamily transactions totaling $2,324,333 in Tucson, Arizona.
In the first transaction, the Lina Fang Trust acquired Longfellow Court, a 12-unit multifamily property located at 3950 E. Elmwood St. and 15–33 N. Longfellow Ave. The 6,640-square-foot complex includes a mix of two single-family homes, one duplex, and an eight-unit apartment building. Amenities at the property include a swimming pool and off-street parking. The asset was purchased from 15 Longfellow, LLC for $1,324,000 on March 24, 2025.
In the second transaction, Rodney and Nelly Gonzalez purchased two fourplexes at Morris Apartments, located at 5733–5735 S. Morris Blvd. The buildings total approximately 6,850 square feet and have eight units, each with two bedrooms and one bathroom. The properties were acquired from 5733 S Morris LLC and 5735 S Morris LLC for a combined price of $1,000,333. The deals closed in dual transactions on March 28, 2025.
For more information, contact Allan Mendelsberg at 520.546.2721 or Joey Martinez at 520.546.2730.
For more information, Mendelsberg should be called at 520.546.2721, and Martinez is at 520.546.2730.
Reference: RED Comp #11861 and #11805.