Listing ID6319916
Sold For$440,000
StatusClosed
Sold Date3/01/2022
CountyPima
SubdivisionNEW CORNEILA ADD
Year Built1944
Property TypeMultiple Dwellings
Montecito Manor Apartments is a 10 Unit Apartment Complex directly adjacent to the New Border Patrol Housing, The Curley School and a short distance to The Plaza. This property consists of (2) Buildings. All units are 2 Bedrooms, 1 Bath with a living room and eat-in kitchen. 7 units are furnished with dishes, sheets, curtains, stove & refrigerator and 3 are un-furnished. On-Site Laundry Room. Parcel is huge at 1.634 Acres. The town of Ajo is a small town deep in the Sonoran Desert, 43 miles north of the Mexican border.
County
Pima
Property Type
Multiple Dwellings
Subdivision
NEW CORNEILA ADD
Year Built
1944
Zoning
CR4
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
543
Cooling
Wall/Window Unit(s)
Cooling
yes
Heating
Individual, See Remarks
Heating
yes
Community Features
No Pool
Country
US
Directions
Take AZ 347 S/N John Wayne Pkwy to AZ-238 W to Gila Bend, follow AZ-85 S, turn right on Perro De Nieve St, Take 3rd left onto W Esperanza Ave.
Elementary School District
Out of Area
General Property Description Elementary School District2
Out of Area
General Property Description High School
Out of Maricopa Cnty
General Property Description High School District
Out of Area
High School
Out of Maricopa Cnty
High School District
Out of Area
Postal City
Ajo
Township
12
Water Source
City Franchise
Attached Garage
no
Construction Materials
Painted, Stucco, Block
Electric
City Electric
General Property Description # of Buildings
2
General Property Description Lot Size Dimensions
IRR
General Property Description Total # of Units
10
General Property Description Uncvrd Parking Spcs
10
Lot Size Dimensions
IRR
Number Of Buildings
2
Number Of Units Total
10
Open Parking Spaces
10
Parking Features
Paved Parking, Free, >1 Space Per Unit
Parking Free
1
Parking Total
10
Road Surface Type
Asphalt
Roof
Rolled/Hot Mop
Sewer
Public Sewer
Buyer Agency Compensation
3.00
Mls Status
Closed
Public Survey Range
60
Public Survey Section
22
2 Bedroom Units Avg Rent
750
Cap Rate
12.33
Current Financing
Not Applicable
Disclosures
Seller Prop Disc Stm
Gross Income
81000
Gross Scheduled Income
90000
Insurance Expense
4908
Listing Terms
Other (See Remarks), Conventional, 1031 Exchange
Maintenance Expense
3379
Net Operating Income
61548
Operating Expense
22601
Other Expense
9540
Owner Pays
Gas, Electricity, Trash Collection, Water, Sewer
Tax Annual Amount
2422
Tax Book Number
401.00
Tax Lot
0000D
Tax Year
2014
Tenant Pays
Cable TV
Trash Expense
2352
Contact - Listing ID 6319916
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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