TUCSON, ARIZ. — James P. Robertson Jr., MBA, CCIM, Associate Broker: Investment & Commercial Brokerage and Omer Kreso both with Realty Executives Arizona Territory assisted 1401 E. Adelaide Dr., LLC (Matthew Horn, manager) on their purchase of 1401 E. Adelaide Dr. Tucson, AZ 85719. The seller’s agent, Laura Grijalva and Ed Garcia with Grijalva Realty assisted in facilitating the transaction.
This property was ideal for 1401 E. Adelaide Dr., LLC, the investor, allowing them to expand their multifamily portfolio in the Tucson, AZ MSA and sold at $2.4 million.
"Even at $96,000 per unit it was an opportunity to both parties,” said Robertson.
Village Green Townhomes is a 25-unit, garden-style apartment community in the central district of Tucson, Arizona. Built in 1964, the property consists of 6 rental buildings constructed of concrete block on approximately 1.75 acres.
The unit mix consists of 24 two-bed / one-bath units, 1 one-bed / one-bath unit. With an average of 800-square-feet per unit.
Great U of A location. Cat Trans stop across the street. Lush green landscaping. Large community pool. Wood and carpet flooring. Full bath. Kitchen includes an electric stove and refrigerator. AC. Storage. Fenced yard. Coin-op laundry on site. Tenant pays gas and electric.
For more information, Robertson should be reached at 520.284.9572 and Kreso can be contacted at 520.247.7480.
To learn more, see RED Comp #8811