TUCSON, Arizona – ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $2.1 million ($42,857 per unit) sale of the 49-Unit Eastpointe Apartments at 8477 East Broadway Blvd. in Tucson, AZ.
The property is a garden style apartment community originally built in 1981 of frame/stucco construction and sits on 1.33-acres of land near the intersection of South Camino Seco and East Broadway Blvd. Eastpointe has three, 2-story buildings with (48) one-bedroom units and one two-bedroom unit with a weighted average size of 433-square-feet. The property, which recently underwent select renovations, is a gated community and features a community swimming pool, BBQ grill area and laundry facility.
“The Buyer was in search of a stable asset with upside potential,” states Lance Parsons, Senior Vice President at ABI, who co-represented the Seller with Ryan Kippes, Vice President at ABI. “This pride of ownership, rehabbed property is located approximately 20 minutes from both Downtown/U of A and Saguaro National Park.”
The Buyer in this transaction is a private individual based in Portland.
The Seller in this transaction is a private individual based in Washington.
The ABI Multifamily brokerage team of Lance Parsons, CCIM, Ryan Kippes and Jonathan Ibrahim represented the Seller in this transaction.
For more information, Parsons should be reached at 520.265.1945, Kippes can be contacted at 520.265.1895 and Ibrahim is at 520.265.1127.
To learn more, see RED Comp #4967.