TUCSON, ARIZONA -- Joseph Bernard Investment Real Estate of Scottsdale closed on two multifamily properties this week in Tucson. Canyon Oasis Apartments at 3443 E Bermuda St., Tucson, AZ and Village Drive Apartments at 1701-1723 N Village Dr. & 3939 E Pima St., Tucson, AZ for an aggregate price of $2.3 million.
Canyon Oasis Apartments at 3443 E Bermuda St., Tucson, AZ 85716 sold to MLII Investments, LLC for $1.35 million ($56,250 per unit). The 24-unit garden style community was built in 1956 and sits on 1.65 acres.
The seller, ZFI, LLC was represented by Joe Boyle of Joseph Bernard Investment Real Estate and the buyer was represented by Joseph Chaplik also of Joseph Bernard Investment Real Estate.
To learn more, see RED Comp #7698.
In a separate off market transaction, Village Drive Apartments at 1701-1723 N Village Dr. & 3939 E Pima St., Tucson, AZ 85712 for $950,000 ($79,166 per unit). The investor was Tash Real Estate Investments, LLC.
The 12-unit community consists of (11) 1-bedroom units fully leased and one 3-bedroom SFR, built in 1947 on 1.35 acres. Several units were recently upgraded with new appliances. One freestanding 1,554-square-foot unit at 3939 E Pima St benefits from prime street frontage exposure and has been home to a range of retail and professional uses.
The seller, Venetian Investments, LLC and the buyer, Tash Real Estate Investments, LLC were represented by Joseph Chaplik of Joseph Bernard Investment Real Estate.
Joseph Bernard Investment Real Estate is a leading multifamily brokerage firm with offices in Oregon, Washington, and Arizona.
Chaplik and Boyle should be contacted for additional information at 866.546.9390.
To learn more, see RED Comp #7666.