Mountain View Apartments 355 S Sahuaro St 20 Unité Immeuble d’appartements 1 088 408 $ CAD (54 420 $ CAD/Unité) Ajo, AZ 85321

18-UNIT VALUE-ADD MULTIFAMILY OPPORTUNITY | AJO, ARIZONA
EXECUTIVE SUMMARY
355 S. Sahuaro presents a rare opportunity to acquire an 18-unit multifamily asset situated on over 5 acres, offering both in-place income and substantial long-term upside. Originally constructed as a school and converted to apartments in 1998, the property consists of eighteen 1 bed / 1 bath units with covered parking.
The asset is currently operating with measurable cash flow, while presenting a clear path to increased revenue through lease-up, operational improvements, and rent optimization. Recent capital improvements, including a new roof and exterior paint, reduce near-term capital requirements and provide a strong foundation for stabilization.
INVESTMENT HIGHLIGHTS
• In-Place Yield with Upside – Income-producing asset with the ability to increase NOI through improved occupancy and operations
• Value-Add Opportunity – Existing vacancy and operational inefficiencies create a clear repositioning strategy for investors
• Large Land Parcel (5+ Acres) – Excess land provides significant flexibility for expansion or alternative use
• Expansion Potential – County zoning supports development of 70+ additional units, offering long-term scalability
• Alternative Use Optionality – Potential for RV/campground (KOA-style), storage, or other income-generating uses
• Recent Capital Improvements – New roof and exterior paint completed, reducing immediate capital expenditure needs
• Strategic Location – Proximity to the copper mine and international border supports consistent local housing demand
INVESTMENT STRATEGY
Investors have the opportunity to acquire the asset at a basis supported by current income, while executing a straightforward value-add strategy focused on:
Leasing vacant units
Improving operational efficiency
Optimizing rental income
Stabilizing expense ratios
Upon stabilization, the property offers the potential for increased cash flow and significant equity creation, with additional long-term upside through expansion or alternative development of the excess land.