TUCSON, ARIZ. (July 23, 2025) – The Madera Casitas, a well-maintained 8-unit multifamily property composed of charming stand-alone casitas, has sold for $1,000,000 ($125,000 per unit) in a transaction that closed on July 10, 2025. The buyer, La Madera Casitas, LLC, c/o Edgar Watters, is a Tucson-based investment group specializing in acquiring high-quality infill residential assets. The seller was Madera Group, LP of Tucson, c/o Andrea Staar and Douglas Robson.
Allan Mendelsberg and Joey Martinez of Cushman & Wakefield | PICOR represented both the buyer and seller in the transaction.
Located in a quiet residential pocket of Tucson, Madera Casitas features individually metered units with private backyards, carports, and washer/dryer hookups in most units. The property has maintained historically strong occupancy and presents a compelling value-add opportunity through targeted interior and exterior upgrades.
The unit mix includes five one-bedroom, one-bath units averaging $1,200 per month and ranging from 622 to 654 square feet, along with three two-bedroom, one-bath units renting for approximately $1,500 and measuring between 750 and 836 square feet. Each residence includes air conditioning, tile floors, full kitchens, large bedrooms, and either a porch or patio with scenic views.
Residents also benefit from on-site amenities, including a community pool, laundry facilities, 24-hour access, and a walk-up design that enhances privacy and comfort.
“This was a rare opportunity to acquire a stabilized asset with immediate upside potential in one of Tucson’s most supply-constrained multifamily segments,” said Mendelsberg. “The buyer plans to preserve its appeal as workforce housing while improving unit finishes and enhancing operational efficiencies.”
The acquisition of Madera Casitas underscores sustained investor interest in smaller-scale, well-located properties across Tucson, especially those offering steady cash flow and long-term appreciation potential.
For more information, Mendelsberg can be reached at 520.546.2721, and Martinez is at 520.546.2730.
Source: RED Comp #11990