Three Central Tucson Apartments sold recently for $1.59 Million in three separate transactions to value-add investors: Oakwood Terrace Apartments at 2740 N Balboa Avenue in Tucson sold to a value-add investor for $915,000 ($16,053 per unit). The 57-unit complex is a single story complex, built 1963. The seller had purchased the property at a foreclosure […]
Three Central Tucson Apartments Sell for $1.59 Million Read More »
1800 North Stone, LLC of New York, NY (Oliver Swan) a joint venture with Texla Housing Partners of Texas purchased the student apartments at 1800 N Stone Ave in Tucson for $6.725 million ($98,897 per unit) or $30,022 per bed. Known as Stone Avenue Standard, the 68-units and 224-beds units is 96,603-square-feet in five buildings
Two Tucson Student Apartments Sell for $8.73 Million Read More »
The vacant former site of International School of Tucson (IST) located on the southeast and northeast corner of Lester Street and First Ave in Tucson sold for $832,500 ($100 PSF) for redevelopment. The buyer, Pinnacle Realty Investors LLC of Tucson (Jarrett Reidhead, managing member) is an experienced real estate investor and broker who sees the
Former Private School Site Sells for Redevelopment Read More »