Asking price of $395,000 reduced to $295,000 - Sale due to liquidation of estate (by executor) FOR SALE: Ten Unit Apartment Complex located in Ajo, AZ USA (Ajo AZ) - (Reduced $100k- - Asking price of $395,000 reduced to $295,000 per executor-)
10 apartments
laundry on site
license info: Daisy Farmer, Broker - Copper Crown Realty 520-387-5631 DRE Lic. BR037164000 Phone 520-387-5631
off-street parking
Multifamily Property for Sale:
Montecito Manor Apartments
553 W Esperanza Ave
Ajo, AZ 85321 USA
Price: $295,000 (reduced 100k)
No Units: 10
Property Type: Multifamily
Property Sub-Type: Garden/ Low Rise
Property Use Type: Investment
Commission Split: 6%
Great Opportunity to Purchase Income Property in Ajo, AZ (in the heart of the Sonoran Desert). Live in one unit (or you + family members in multiple units) while renting out the other units!
Montecito Manor Apartments. Ten (2) bedroom , 1 bath remodeled apartment residences for sale in Ajo, AZ. With a long list of improvements including (since purchase): new stucco, new interior upgrades, upgraded electrical panel, addition of laundry room (with coin operated washer and dryers and new electrical service, new stucco), repaved (chip seal) parking area and drive way. Directv system. Montecito Manor Apartments include two Separate buildings (1 with 6 apartments and the other with 4 apartments + separate laundry room building). Located immediately adjacent to 55 S. Sahuaro's new Border patrol housing (increased neighborhood safety and security, new area sidewalks, new lighting, and newly paved street). Montecito Manor Apartments are only a short walk to Curley School and Ajo community Plaza). These units are some of the nicest in town and have established professional property management in place (also listing broker).
Excellent opportunity to capitalize on the expected increase in U.S. Border Patrol staffing on the U.S. Southern Border.
Facts about Ajo, AZ
With its rich tradition as a former copper mining hub, Ajo is a casual town with relaxed charm. Enjoy it's mild climate, low humidity and clear skies. Take in the historic Spanish Colonial Revival architecture,Sonoran Desert flora and fauna and panoramic views.
Adventure awaits with plentiful outdoor activities year-round - golf, hiking, bicycling, bird watching, festivals and events. (from Chamber of Commerce)
Curley School - (.2 mile (2/10th mile) from Montecito Manor Apartments) with The Curley School was originally constructed in 1919 as a public school in Ajo. In 2003 the Pima County Board of Supervisors allocated $100,000 in Community Development Block Grant (CDBG) funds for pre-development costs for converting the school into artisan lofts. In 2005 International Sonoran Desert Alliance (ISDA), a non-profit agency, secured additional funding from numerous sources to complete the project that cost over $9 million. The Curley School appears on the national register of historic places (from ISDA)
To summarize: This is a great opportunity - numerous upgrades and reinvestments have been made to Montecito Manor Apartments - aggressively priced at $325,000 including all furnishings (partially furnished), laundry facility and in place property management.
This property for sale due to liquidation of estate (by executor)
Please direct all inquires to listing broker:
Daisy Farmer, Broker -Copper Crown Realty (Ajo, AZ)
phone: 520-387-5631
email: realty1@tabletoptelephone.com
https://www.553esperanza.com/
Equal Housing Opportunity
