Broadway Inn Apartments in Tucson Sells for Rehab
Broadway Inn LLC (Avram Persellin, manager) of Tucson sold the Broadway Inn Apartments at 8477 E Broadway Blvd. in Tucson for $890,000 ($18,163 per unit) to Unicorn Society LLC of Gig Harbor, Washington. The property sold half vacant for rehabbing.
It is all one-bedroom units in 20,044-square-feet on a 1.33 acre lot in the eastside of Tucson. The property sits 300 feet back from Broadway behind Eastpoint High School.
The unit mix consists of 49 units total; 48 Junior units, approximately 400-square-foot each and a one-two-bedroom unit attached to the manager’s office.
Units are individually metered for heating and cooling.
Hamid Panahi and James Crawlety with Marcus & Millichap in Phoenix represented both buyer and seller in this all cash transaction.
For more information, Panahi and Crawley should be reached at 602.687.6700.
To learn more, see RED Comp #3799.