$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
Street #: 1620
Direction: N
Street Name: Wilmot
Suffix: Road
State/Province: AZ
Zip Code: 85712
County: Pima
Country: USA
Location Tax Legal
Tax Code: 133-16-4390
Area: Northeast
Contract Information
Current Price: $850,000
List Price: $850,000
Listing Date: 2026-10-29
Status: Active
Method of Title: Fee (Simple)
Short Sale: No
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
Year Built: 1977
Lot Dimensions: Irregular
Lot Acres: 0.09
Lot Sqft: 3920
Lot Size Source: Assessor
Combined SqFt: 8234
Source of SqFt: Assessor
List Price/SqFt: 103.23
Lot Size Price/SqFt: 216.84
Remarks Misc
Geo Lat: 32.242793
Geo Lon: -110.854247
Income
Gross Scheduled Rent: 112872
Vacancy Loss: 5643.6
Other Income: 4760
Adjusted Gross: 111988.4
Total Expenses: 62255.81
Net Opp Income: 49732.59
Analysis
Cap Rate %: 5.85
Gross Rent Multi: 7.59
Vacancy Rate %: 5
Exp/SqFt: 7.56
Exp % of Gross: 55.59
Expenses
Contract Services: 1152
Figures Presented: Proforma
Insurance: 9531.72
Maintenance Supplies: 1900
Management: 6077.08
Taxes/Assessments: 5581.01
Other Expenses: 38014
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
Electric
Electric Company: TEP
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; Conventional; Submit
Property Disclosures: None; Unknown
Special Conditions: None
Listing Office: Realty Executives Arizona Territory
Last Updated: October - 30 - 2026
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