The Elaine, 2322 N Elaine Blvd. in Tucson
TUCSON, AZ (May 29, 2025) – Ray Bolinger has acquired The Elaine, a 16-unit apartment complex located at 2322 N. Elaine Blvd. in Tucson for $1,400,000 ($87,500 per unit). The seller was JRJS West SAC Investors, LLC.
The 7,616-square-foot multifamily property is situated in a central Tucson neighborhood, offering sixteen one-bedroom, one-bath units with access to nearby amenities and transit options.
This acquisition adds to Bolinger’s growing portfolio of residential investment properties in the region that closed on May 20, 2025.
Allan Mendelsberg and Joey Martinez, Principals and Multifamily Specialists with Cushman & Wakefield | PICOR, represented both the buyer and the seller in the transaction. Both Allan and Joey are part of the multifamily brokerage team at Cushman & Wakefield | PICOR. They specialize in apartment and investment property sales, with extensive experience in the Southern Arizona market.
For more information, Mendelsberg can be reached at (520) 546-2721, and Martinez can be contacted at (520) 546-2730.
Source: RED Comp #11917