TUCSON, AZ (October 7, 2025) — Geronimo Casitas, LLC has purchased the Geronimo Apartments, a 19-unit multifamily community located at 2514 N. Geronimo Avenue in Tucson’s Northeast submarket, for $1,450,000 ($76,315 per unit / $172.15 PSF). The sale was recorded on September 19, 2025.
The seller was The Ramy Muaddi and Cecilia Muaddi Revocable Trust, with the transaction handled through Premier Title Agency. The buyer, an Arizona entity affiliated with EMP Holdings LLC, was represented by Mr. Maximian S. DeMeol, a member.
Built in 1952, the 8,423-square-foot masonry complex occupies 0.83 acres within the Coronado Heights subdivision. The property comprises nine duplexes, each averaging 900 square feet, and one casita of 323 square feet, totaling 19 one-bedroom, one-bath units. Amenities include laundry facilities, storage space, and a walled and fenced lot.
Allan Mendelsberg and Joey Martinez, Principals and multifamily specialists with Cushman & Wakefield | PICOR in Tucson, represented both the buyer and seller in the transaction.
This investment sale reflects ongoing demand for smaller, value-add apartment communities in central Tucson, where limited supply and rising rents have sustained investor interest in mid-century masonry properties with repositioning potential.
For more information, contact Mendelsberg at 520.546.2721, and Martinez is at 520.546.2730.
Source: RED Comp #12105