355 S SAHUARO Street, Ajo, AZ 85321
$949,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$949,000
Last Modified:
2/21/2026
Description
INCREDIBLE INVESTMENT OPPORTUNITY!
Originally constructed as a school and thoughtfully converted into apartments in 1998, this fully operational 18-unit complex (each 1 bed/1 bath with covered parking) is income-producing from day one. Recent improvements include a new roof, updated exterior paint, and well-maintained interiors.
Situated on just over 5 acres near the copper mine and border, the property offers exceptional expansion potential—County zoning allows for 70+ additional units. Whether you choose to develop more multi-family housing, add storage facilities, or create a KOA-style campground, the possibilities for growth and increased revenue are truly endless.
More Information MLS# 6904980
Contract Info
Ownership: Fee Simple
Current Price: $949,000
List Price: $949,000
Status: Active
List Date: 2025-08-12
Location, Tax & Legal
Assessor's Map #: 55
Legal Description (Abbrev): LOT 00292 NEW CORNEILA ADD MAP 39 PLAT 57
Assessor's Parcel #: 292
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Pima - COUNTY
Census Tract: 5200
Taxes: 6909
Legal: LOT 00292 NEW CORNEILA ADD MAP 39 PLAT 57
Marketing Name: New Cornelia
House Number: 355
Compass: S
Street Name: SAHUARO
St Suffix: Street
City/Town Code: Ajo
State/Province: AZ
Zip Code: 85321
County Code: Pima
Subdivision: NEW CORNEILA ADD
Assessor Number: 401-55-292-A
Tax Year: 2014
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 50
Lot Size Dimensions: 5.984 acres
Flood Zone: No
Total # of Units: 18
Elementary School District: Ajo Unified District
High School District: Ajo Unified District
Elementary School: Ajo Elementary School
Jr. High School: Ajo Elementary School
High School: Ajo High School
Year Built: 1973
Zoning: C-4
Legal Info
Range: 60
Section: 22
Township: 12
Lot Number: 00292
Project Type
13 - 24 Units: 1
Construction
Slump Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Carpet: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Laundry Equipment: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 6909
Other Income: 500
Vacancy Allowance: 0.2
Adjusted Gross Inc: 135184
Pmt & Rate Info
Cap Rate: 10.54
Equity: 949000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Combo: 1
See Private Remarks: 1
Community Features
No Pool: 1
Sport Court: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Window/Wall Unit: 1
Exterior Amenities
Desert Landscaping: 1
Interior Features
Furnished: 1
Unfurnished: 1
Vertical Blinds: 1
Tenant Pays
Electricity: 1
Appliances Included
Disposal: 1
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Dirt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Free: 1
1 Space/Unit: 1
Electric
Other (See Remarks): 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Cable TV: 1
New Financing
Cash: 1
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 18
Avg Rent: 753
Avg SqFt: 694
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Indian Village & Sahuaro St
Directions: Head South on the 85 then turn right onto Sahuaro St. Drive down the road for a bit and the complex will be on the left hand side.
Geo Lat: 32.367747
Geo Lon: -112.870662
Income Expenses
Gross Annual Sch Inc: 168480
Net Operating Income: 100000
Property Features
Project Type: 13 - 24 Units
Construction: Slump Block
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Carpet
Sale Includes: Land & Building; Personal Property; Laundry Equipment
Community Features: No Pool; Sport Court
Exterior Amenities: Desert Landscaping
Interior Features: Furnished; Unfurnished; Vertical Blinds
Appliances Included: Free-Standing Range; Refrigerator; Disposal
Cooling: Ceiling Fan(s); Window/Wall Unit
Water Source: City Franchise
Sewer: Sewer - Public
Electric: Other (See Remarks)
Gas: None
Parking Features: Carport; 1 Space/Unit; Free
Road Surface Type: Dirt
Owner Pays: Water; Trash Collection; Cable TV
Tenant Pays: Electricity
Source of Fincl Data: Owner
Lockbox Type: Combo; See Private Remarks
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
New Financing: Cash; Conventional
Environmental: None
Listing Office:
West USA Realty
Last Updated: February - 21 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.