ABI Multifamily Closes Well-Located Central Tucson Apartment Complex

PHOENIX - Jan. 7, 2016 - PRLog -- ABI Multifamily, Arizona’s largest locally operated, dedicated multifamily brokerage and advisory services firm, is pleased to announce the $770,000 sale of the Rancho Encanto Apartments, a 22-unit apartment community located in Tucson, Arizona.

Rancho Encanto Apartments consists of two-separate, contiguous single-story properties; one building was originally built in 1948 with a flat roof and the other was built in 1965 with a shingle roof.  The properties are comprised of one bedroom/one bath and two bedroom/one bath apartments.  Both properties feature brick construction, ample parking and interior courtyard areas.

“Rancho Encanto Apartments is a well maintained asset located less than two miles from the University of Arizona and just south of the Whole Foods Market on the heavily trafficked Speedway Blvd,” states Lance Parsons, Senior Vice President at ABI.

The Seller is a private multifamily investor based in Tucson.

The Buyer is a private multifamily investor based in California.

ABI Multifamily’s Tucson office led by Lance Parsons represented both the Seller and Buyer in this transaction.

ABI Multifamily is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. 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.