355 S SAHUARO Street, Ajo, AZ 85321

$800,000
Property Type: Multiple Dwellings Status: Pending
Current Price: $800,000 Last Modified: 5/13/2026

Overview

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.

Listing Details MLS# 6904980

Location, Tax & Legal

House Number
355
Compass
S
Street Name
SAHUARO
St Suffix
Street
City/Town Code
Ajo
State/Province
AZ
Zip Code
85321
Country
US
County Code
Pima
Subdivision
NEW CORNEILA ADD
Assessor Number
401-55-292-A
Tax Year
2014
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

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
5.984 acres
Year Built
1973
Uncvrd Parking Spcs
50
Total # of Units
18
# of Buildings
2
Zoning
C-4
Flood Zone
No
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

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.

Status Change Info

Off Market Date
2026-05-13
Under Contract Date
2026-05-12

Legal Info

Township
12
Range
60
Section
22
Lot Number
00292

More Information

Income Expenses

Gross Annual Sch Inc
168480
Net Operating Income
100000

Showing Notification Methods

Showing Service
Aligned Showings

1 Bedroom Units

# 1 Bedroom Units
18
Avg Rent
753
Avg SqFt
694
# Baths
Yes

Project Type

13 - 24 Units
Yes

Construction

Slump Block
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes

Floors

Carpet
Yes

Sale Includes

Land & Building
Yes
Personal Property
Yes
Laundry Equipment
Yes

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

Lockbox Type

Combo
Yes
See Private Remarks
Yes

Community Features

No Pool
Yes
Sport Court
Yes

Heating

Electric
Yes

Cooling

Ceiling Fan(s)
Yes
Window/Wall Unit
Yes

Exterior Amenities

Desert Landscaping
Yes

Interior Features

Furnished
Yes
Unfurnished
Yes
Vertical Blinds
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Disposal
Yes
Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Dirt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
Free
Yes
1 Space/Unit
Yes

Electric

Other (See Remarks)
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Cable TV
Yes

New Financing

Cash
Yes
Conventional
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

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
IDX
Listing Office: West USA Realty
Last Updated: May - 13 - 2026
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