Last week’s top sale was of a multifamily property, 10th Street Apartments which sold for $1,615,000, or $175.92 per square foot. The deal was facilitated by Allan Mendelsberg and Joey Martinez, both Principals and Multifamily Specialists at Cushman & Wakefield | PICOR, and they represented both parties involved in the transaction.
This multifamily property is made up of two different 6-unit properties that are located just steps away from each other. The property is located at 804, 814, & 858-870 E. 10th Street, and has a combined area of 9,180 square feet. It is comprised of twelve 2-bedroom and 1-bathroom units, each measuring 765 square feet. The properties were built in 1976 and 1977 and offer residents an onsite laundry facility and a fully secured, gated complex that provides students with a peaceful and safe environment.
It is situated four blocks away from the University of Arizona and is just a short walk to Historic 4th Avenue, enhancing its appeal. The purchasing entity, 804 E 10th LLC, acquired the apartment complex from the seller, 10th Street 12, LLC.