$850,000
Tucson, AZ 85712
MLS# 22626373
8234 sqft
1 / 42
Property Description
10-UNIT INVESTMENT OPPORTUNITY AT THE MONACO CONDOMINIUMS! An exceptional opportunity to acquire a turnkey portfolio of 10 well cared for condos in Tucson's established Monaco community. This diverse package includes (4) 1BD/1BA condos, (2) 1BD/1BA townhomes, (2) 2BD/1.5BA condos & (2) 2BD/2BA condos. Residents enjoy community amenities including a pool, on-site laundry & covered parking. Tenants pay all utilities, while the owner covers monthly HOA dues. With renovations already completed, this portfolio offers immediate investment appeal and significant value-add potential through rental increases and operational improvements to maximize NOI. A great chance to acquire 10 units in one transaction!
Details
Maps
Address Information
Country: USA
Street #: 1620
Direction: N
Street Name: Wilmot
Suffix: Road
State/Province: AZ
Zip Code: 85712
County: Pima
Location, Tax & Legal
Tax Year: 2025
Taxes: 5581.01
Legal Description: 10 legal descriptions, available in documents tab
Municipality/Zoning: Tucson - 03
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Tax Code: 133-16-4390
Area: Northeast
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $850,000
List Price: $850,000
Listing Date: 2026-10-29
Status: Active
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
Lot Dimensions: Irregular
Lot Acres: 0.09
Lot Sqft: 3920
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 103.23
Lot Size Price/SqFt: 216.84
Year Built: 1977
Combined SqFt: 8234
Electric
Electric Company: TEP
Income
Vacancy Loss: 5643.6
Other Income: 4760
Adjusted Gross: 111988.4
Total Expenses: 62255.81
Gross Scheduled Rent: 112872
Net Opp Income: 49732.59
Gas
None: 1
Analysis
Gross Rent Multi: 7.59
Vacancy Rate %: 5
Exp/SqFt: 7.56
Exp % of Gross: 55.59
Cap Rate %: 5.85
Construction
Frame - Stucco: 1
Expenses
Admin Expenses: 0
Captial Expenses: 0
CAM in Rent: 1
Contract Services: 1152
Figures Presented: Proforma
Gas/Electric: 0
Insurance: 9531.72
Maintenance Supplies: 1900
Management: 6077.08
Resident Manager: 0
Taxes/Assessments: 5581.01
Water/Sewer: 0
Other Expenses: 38014
Sewer
Connected: 1
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/1 BR: 6
Avg Mo Rent/1 BR: 914.66
# of Units/2 BR: 4
Avg Mo Rent/2 BR: 979.5
Roof
Built-Up: 1
Water
Public: 1
Fence
Block: 1
Road Type
Paved: 1
Lot Features
Subdivided: 1
Main Cooling
Central Air: 1
Main Heating
Forced Air: 1
Water Heater
Electric: 1
Terms
Cash: 1
Owner Carry: 1
Accessibility Option
None: 1
Special Conditions
None: 1
Security
None: 1
Landscape - Front
Low Care: 1
Trees: 1
Landscape - Rear
Low Care: 1
Trees: 1
Parking
Parking Structure: 1
Business Location
Inside Location: 1
Freeway/Highway
Access: 1
Traffic Count
Unknown: 1
Property Disclosures
Unknown: 1
None: 1
Remarks Misc
Geo Lat: 32.242793
Geo Lon: -110.854247
Property Features
Expenses: CAM in Rent
Construction: Frame - Stucco
Roof: Built-Up
Main Cooling: Central Air
Main Heating: Forced Air
Water Heater: Electric
Gas: None
Sewer: Connected
Water: Public
Accessibility Option: None
Security: None
Fence: Block
Landscape - Front: Low Care; Trees
Landscape - Rear: Low Care; Trees
Road Type: Paved
Parking: Parking Structure
Lot Features: Subdivided
Business Location: Inside Location
Traffic Count: Unknown
Terms: Cash; Owner Carry
Property Disclosures: None; Unknown
Special Conditions: None
Listing Office: Realty Executives Arizona Territory
Last Updated: October - 30 - 2026
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