TUCSON, Arizona (October 2, 2025) — Casitas De Tucson, a 27-unit multifamily community located at 3601 East 4th Street in Tucson’s Central submarket, has sold for $5,900,000 ($218,518 per unit). The investment transaction closed on September 25, 2025.

The property consists of 27 freestanding casitas, built in 2001, each designed as a two-bedroom, two-bathroom residence. Twenty of the units feature garages, and seven offer covered carports. All homes include walled rear yards and laundry hookups, catering to renters seeking a single-family lifestyle within a managed community setting. The complex totals 35,010 square feet on 1.83 acres, with an average unit size of approximately 1,296 square feet. The sale equates to $218,518 per unit, or $168.52 per square foot.

The buyer, Casitas De Tucson LLC, is an investment entity based in Chandler, Arizona, and is represented by its members, Hugo and Marie Correa. It was also represented by Carol Gallegos of Gallegos & Associates in Scottsdale. The sellers were Todd Alan and Elizabeth Bailey of Tucson, represented by Long Realty Company’s Kelly Doty and Rana McGoldrick, who marketed the property.

Casitas De Tucson occupies multiple parcels in the Speedway View subdivision along East 4th Street and North Richey Boulevard. The R-2 zoning provides for medium-density residential uses, aligning with the property’s detached casita design. The community’s central location offers residents proximity to the University of Arizona, Banner–University Medical Center, and midtown employment corridors.

Multifamily investment activity in Tucson is expected to remain strong through 2025, with buyers targeting smaller, well-located properties that offer unique living formats. The freestanding casita model provides an alternative to conventional apartment living and has become increasingly sought after by renters seeking privacy and by investors focused on stable occupancy trends.

For more information, please contact Doty at 520.603.3491 or McGoldrick at 520.444.8623.

Source: RED Comp #12113.

TUCSON, AZ (October 1, 2025) — A central Tucson industrial property has sold for $1.1 million in a deal that will bring a new Benjamin Franklin Plumbing location to the area.

The property, located at 710 W. Carmen Street, was purchased by 710 W Carmen, LLC, an entity controlled by Thomas J. Ranalli, owner of Benjamin Franklin Plumbing of Greater Tucson. The seller was L Diaz LLC.

The site includes two buildings totaling 4,775 square feet on 0.48 acres. Improvements feature office and warehouse space, a dock-high roll-up door, covered and uncovered parking, and a fenced and gated lot. The property carried a use code for a warehouse with office/retail interior, well-suited for service business operations.

Ranalli secured the property with an SBA loan, a financing structure that requires majority owner-occupancy, confirming the space will house Benjamin Franklin Plumbing’s Tucson operations. The move reflects a broader trend of trade and service businesses purchasing real estate to stabilize costs and ensure long-term control of their facilities.

The property is situated in Tucson’s central submarket, offeringquick access to Interstate 10 and the city’s core service areas, making it an ideal hub for Benjamin Franklin Plumbing’s expansion.

Source: RED Comp #12102.

MARANA, AZ (September 30, 2025) — Richmond American Homes of Arizona has made another decisive move in the Northwest Tucson housing market at Saguaro Reserve at Dove Mountain, acquiring more than 100 residential lots in the Saguaro Reserve subdivisions at Dove Mountain.

On September 4, Richmond American closed on two related transactions totaling $7.73 million, securing 118 platted and engineered lots across Saguaro Reserve II and III.

The first purchase involved 34 lots in Saguaro Reserve III for $2.55 million, or roughly $75,000 per lot, from Pusch Ridge Christian Academy, Inc. The 50.27-acre site, located along West Saguaro Perch Way, was sold as a fully engineered and platted subdivision intended for single-family home construction.

The second deal was significantly larger: 84 lots spanning Saguaro Reserve II and III were acquired for $5.18 million, or about $61,666 per lot, from longtime Dove Mountain master developer Cottonwood Properties, Inc. This transaction was structured as part of a double escrow and rolling option, underscoring Cottonwood’s ongoing land disposition strategy and Richmond’s aggressive lot-take-down program at Dove Mountain.

Saguaro Reserve is one of Dove Mountain’s most sought-after enclaves, designed exclusively for single-story desert living. The community features contemporary ranch-style homes with options for RV garages, expansive lots, and proximity to trails, golf, and preserved open space. Richmond American has been actively building in the neighborhood, offering floorplans between 1,700 and 3,500 square feet, with 2–5 bedrooms.

Part of Dove Mountain’s larger 6,000-acre master plan, Saguaro Reserve benefits from its scenic mountain setting, top-ranked golf courses, and extensive preserved desert lands. Residents also enjoy convenient access to Marana’s retail centers, employment corridors, and I-10, making the area attractive to both year-round residents and seasonal buyers.

Richmond American’s expansion continues a trend of strong builder activity in Northwest Tucson. Earlier this year, the company acquired 90 lots in Saguaro Reserve III for more than $8.3 million, as part of a rolling option agreement for a total of 236 lots. The latest purchases bring Richmond closer to full build-out of its planned footprint in Dove Mountain, where demand for high-quality housing remains robust.

With competition among national and regional builders intensifying in the submarket, these deals highlight both Richmond American’s commitment to growth and Dove Mountain’s enduring appeal as one of Southern Arizona’s premier master-planned communities.

Source: RED Comps #12099 and #12101