Bernard J. MacElhenny Jr., a Santa Barbara, CA-based investor, purchased for $620,000 the Monte Vista Apartments, a 32-unit complex at 4015 E. Monte Vista. The complex is about five miles east of Interstate 10 and just a few miles north of the University of Arizona.
The sale price equates to $19,375 per unit.
The property was sold by Michael Byrne, a Tucson investor who had owned it for eight years.
The Tucson office of Marcus & Millichap, with broker Mike McClain, represented the principals in the transaction.
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