TUCSON, Arizona (December 16, 2025) — A six-unit casita community near the University of Arizona has sold for $690,000 ($115,000 per unit and $203 PSF). The property, known as Casitas on Bellevue, is located at 3625 E. Bellevue Street in Tucson, just east of Alvernon Way.
Edwin G. Heacox purchased the boutique multifamily asset, comprising six units: five 1-bedroom/1-bath casitas and one 2-bedroom/1-bath unit. Recent improvements, below-market rents, and the inclusion of rentable garages and storage units made the property a turnkey investment offering. Each unit is equipped with in-unit laundry, and the site benefits from proximity to the University of Arizona and central-city employment centers. The 3,200 square-foot complex was purchased from EA International Holdings, LLC.
Property sold with a 7.43% cap rate.
Cushman & Wakefield | PICOR’s Multi-Family Team, led by Allan Mendelsberg and Joey Martinez, represented the seller in the transaction. Matthieu Smith with Long Realty Company represented the buyer.
Source: RED Comp #12142