Phoenix, AZ. (May 7, 2024) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,038,677 / $97,080 per unit / $126.14 Per SF sale of 4440 - 4444 East Lee Street, a 21-unit multifamily apartment community located in Tucson, Arizona. The Tucson office of ABI Multifamily, Desiree Palmer, represented the buyer and seller in this transaction.
The buyer is based in Nevada, and the seller is based in California.
Built in 1944, 1950, and 1977, 4440 - 4444 East Lee Street is a 21-unit, garden-style community in Tucson, Arizona. The unit mix features (4) one-bedroom, (16) two-bedroom, & (1) four-bedroom units. The property comprises wood frame construction and flat roofs on 1.47 acres.
4440 - 4444 East Lee Street is in East Central Tucson, close to downtown Tucson and Interstate 10. Many neighborhood conveniences and services are nearby, such as Walmart Supercenter, Target, The Home Depot, PetSmart, In-N-Out Burger, and Reid Park.
Significant employers near the property include the University of Arizona, Tucson Medical Center, Texas Instruments, and Caterpillar headquarters. ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm focusing exclusively on apartment investment transactions. With offices in Phoenix, Las Vegas, San Diego, and Tucson, the experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to complete any multifamily transaction, regardless of size and complexity.
For more information, Palmer can be reached at 520.265.1993.
To learn more, see RED Comp #11274.