Montecito Manor Apartment Complex
For Sale
$330,000
553 W ESPERANZA Avenue, Ajo, AZ 85321
MULTI_FAMILY - Ajo, AZ
Lot Size1.63 Acres
Days on Market634
Property Features for 553 W ESPERANZA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CR4
Appliances
Free-Standing Range, Refrigerator
Subdivision
NEW CORNEILA ADD
Elementary school
Out of Maricopa Cnty
Middle school
Out of Maricopa Cnty
High school
Out of Maricopa Cnty
Elementary school district
Ajo Unified District
Middle school district
Ajo Unified District
High school district
Ajo Unified District
Directions
Follow AZ85 South on Perro de Nieve St, take 3rd left on to W Esperanza Ave.
Standard status
Active
APN
401-55-472-E
Lot size
1.63 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
NEW CORNELIA PCL D1 NELY PTN NULL NULL NULL
Tax Annual Amount
2422
Legal Description
NEW CORNELIA PCL D1 NELY PTN NULL NULL NULL
Utilities
Sewer type
Public Sewer
Cooling system
Ceiling Fan(s)
Building Details
Year built
1944
Number of units
10
Flooring type
Tile - Ceramic
Building materials
Wood Frame, Painted, Stucco, Block
Roof type
Metal
Listing Agency:
eXp Realty
(888) 897-7821
Listed By:
Juan Hernandez Borja · License #SA678137000
(623) 255-0013
Added: Nov 4, 2024
Changed: Apr 15
Last Checked: Jul 31 at 11:06PM
MLS# 6779573
Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is an excellent opportunity to invest in the Montecito Manor Apartments, a 10-unit apartment complex. The property is located next to the new Border Patrol Housing and The Curley School, and a short distance from The Plaza. Each unit features two bedrooms, one bathroom, a living room, and an eat-in kitchen. The complex consists of two buildings and a laundry facility, which could be coin-operated for additional income. Situated on a large 1.634-acre parcel in the small town of Ajo, deep in the Sonoran Desert, the property is 43 miles north of the Mexican border, with convenient access to Rocky Point. An additional concrete slab offers potential for creating storage units or covered parking, providing further income opportunities. The property presents multiple options for use as Airbnb, short-term rentals, or long-term rentals.
Key Highlights
- Ten‑unit apartment complex offering immediate investment potential.
- Large 1.634‑acre parcel provides ample space for expansion or additional amenities.
- Proximity to Border Patrol Housing, The Curley School, and The Plaza enhances tenant appeal.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
Explore this area
Business Placement
Demographics for 85321, AZ
3,663
Population
2,326
Households
1.6
Avg Household Size
52
Median Age
28%
College-Educated
86%
High-School Grad
1,343.8 sq mi
ZIP Area
3
Density / Sq Mi
$52,127
Median Household Income
$30,951
Median Earnings
$920
Median Rent
$120,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - 10-unit apartment complex investment opportunity in Ajo, Arizona.
Where is this apartment building located?
The property is located at 553 W ESPERANZA Avenue Ajo, AZ.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Ten‑unit apartment complex offering immediate investment potential.; Large 1.634‑acre parcel provides ample space for expansion or additional amenities.; Proximity to Border Patrol Housing, The Curley School, and The Plaza enhances tenant appeal.
