Commons at 3750 Apartments | 3750 East Monte Vista Drive, Tucson, AZ 85716 | 30 Units | $2,675,000 | $89,167 Per Unit | $171.87 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, AZ. (April 12, 2022) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,675,000 / $89,167 Per Unit / $171.87 Per SF sale of the Commons at 3750 Apartments, a 30-unit multifamily apartment community located in Tucson, Arizona. ABI Multifamily's Ryan Kippes represented the buyer & seller in this transaction.
The buyer & seller are based in California.
Commons at 3750 Apartments is a 30-unit garden-style apartment community located in East-Central Tucson, AZ. Built in 1986 and renovated in 2021, the property consists of a single three-story rental building constructed of wood frame, stucco, and flat roofing resting on a 0.83-acre site.
The unit mix consists of 6 two-bedroom / one-bathroom units, 6 one-bedroom / one-bathroom units, and 18 studio units with a weighted average of 519 SF. The property is individually metered for electricity with individual hot water heaters. All units include air conditioning / heating, microwave, and garbage disposal with the two-bedroom units including dishwashers. The community features a single on-site laundry facility in addition to a dog park, basketball court, grill/picnic area, and open and covered parking.
Situated just north of East Glenn Street between North Country Club Road and North Alvernon Way, residents enjoy direct access to all areas of Tucson by way of these major thoroughfares as well as Interstate-10, Interstate-19, and Oracle Road (State Route 77). The University of Arizona (U of A) is less than a 10-minute drive from Commons at 3750 Apartments, making the property a convenient commute for employees and students alike.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Tucson, Sacramento, and San Diego, the experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.