TUCSON, AZ (September 26, 2024) -- The Mariposa Apartments, located at 150 E 16th St in Tucson, sold for $950,000 ($105,555 per unit).
It is located in the highly desirable downtown neighborhood of Armory Park. Tenants are within walking distance to the many attractions and restaurants offered in downtown Tucson. Additionally, they have easy access to the University by the Tucson streetcar. The apartment building has been well maintained, and the units were updated to provide tenants with modern kitchens and baths while retaining the charms of an older property. The property was constructed in 1908.
The studio units are 450 square feet and have window A/C units. There are multiple common areas for the tenants, including a second-floor deck, interior lobby, and reading room. The front yard has a grill and is gated. There is also an on-site laundry room. The property is securely gated and fenced throughout, including the front and back entrances.
Neil Davis with NAI Horizon represented the purchaser, T Property Management, LLC. Desiree Palmer and Ryan Kippes with ABI Multifamily represented the Seller, Boblord Investments 1, LLC.
For more information, Neil Davis should be reached at 520-425-6102, Desiree Palmer at 520-265-1993, and Ryan Kippes at 520-265-1895.
To learn more, subscriber should refer to RED Comp #11466.