Mohave Place | 319 East Mohave Road, Tucson, AZ 85705 | 24 Units | $2,000,000 | $83,333 Per Unit | $131.58 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (April 20, 2022) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,000,000 / $83,333 Per Unit / $131.58 Per SF sale of Mohave Place, a 24-unit multifamily apartment community located in Tucson, Arizona. ABI Multifamily's Ryan Kippes represented the buyer & seller in this transaction.
The buyer is based in California & the seller is based in Arizona.
Mohave Place is a 24-unit garden-style apartment community located in Central Tucson, AZ. Built in 1982, the property consists of three two-story rental buildings constructed of wood frame, stucco, and flat roofing resting on a 0.82-acre site.
The unit mix consists of 8 two-bedroom / one-bathroom units measuring 1,800 SF and 16 one-bedroom / one-bathroom units measuring 550 SF. The property is individually metered for electricity with individual hot water heaters.
Situated just north of East Fort Lowell Road between North Stone Avenue and North 1st Avenue, 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 Mohave Place 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.