TUCSON, ARIZONA – Makouska, LLC (Lance Parsons, member) sold the Village at Romero apartments at 4213 North Romero Road in Tucson for $1.95 million ($54,166 per unit).
Village at Romero is a 36-unit, condo-mapped, garden-style apartment prominently situated on North Romero Road. Residents enjoy direct access to all areas of Tucson by way of Interstate-10 while being located across the street from award-winning, Homer Davis Elementary School.
Built in 1980, Village at Romero is two-stories and 30,000-square-feet in five buildings of wood frame construction with pitched roofs and individually metered for electricity.
The property consists of all two-bedroom / one-bath units and include electric stoves, dishwashers, garbage disposals, frost-free refrigerators, individual water heaters, two-tone paint, and tile floors in downstairs units and laminate flooring upstairs. The property was 100% occupied at time of sale.
Common amenities include laundry facilities, sparkling pool, outdoor seating and barbeque. There is a separate rental office located in the center of the property for easy accessibility to tenants. Village at Romero produces an aesthetically pleasing environment with newly painted buildings, exterior lighting, updated irrigation landscaping and recently resurfaced pool deck and parking lot.
In addition, the evaporative coolers and roofs have been replaced within the past five years.
Lance Parsons with ABI Multifamily was principal and acted as broker in the transaction. The buyer, MATCCH Holdings, LLC of Tucson (Deborah Mayfield, manager) was self-represented.
Son Management has been contracted by the buyer to manage and lease the property.
For additional information, Parsons should be reached at 520.265.1945.
To learn more, see RED Comp #5901.