Santa Cruz River
For Sale
Contact for pricing
851 West Ajo Way, Tucson, AZ 85713
Apartment complex with upgrade potential near Downtown Tucson.
Property Size28,584 SF
Days on Market150
Property Features for 851 West Ajo Way
General Information
Standard status
Active
Size
28,584 SF
Property subtype
Multifamily
Listing Agency:
(520) 323-5181
Listed By:
Jeff Casper
(520) 323-5181
Source:
Cbre
Added: Mar 25
Changed: Aug 12
Last Checked: Aug 21 at 7:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jeff Casper
Investment Insights
Based on property information with market context.
Santa Cruz River Apartments, constructed in 1983, features a mix of studio, one-bedroom, and two-bedroom units with functional floorplans. The current ownership has initiated a unit interior upgrade program that is generating significant premiums. With over 80% of the units in their original condition, a new investor has the opportunity to create substantial upside by continuing a market-level renovation program. The property's strategic location along I-19 provides convenient access to Downtown Tucson, the region's largest employers, and a variety of retail and entertainment options. The property size is 28584 square feet.
Key Highlights
- Strategic location along I‑19 providing excellent access to Downtown Tucson.
- Opportunity to create substantial upside by continuing unit renovation program.
- Current ownership garnering substantial premiums from unit interior upgrades.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,501
Businesses Nearby
Explore this area
Business Placement
Demographics for 85713, AZ
46,810
Population
19,056
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
79%
High-School Grad
23.8 sq mi
ZIP Area
1,967
Density / Sq Mi
$50,264
Median Household Income
$32,302
Median Earnings
$1,017
Median Rent
$171,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment complex with upgrade potential near Downtown Tucson.
Where is this apartment building located?
The property is located at 851 West Ajo Way Tucson, AZ.
What are key features of this property?
This property features: Strategic location along I‑19 providing excellent access to Downtown Tucson.; Opportunity to create substantial upside by continuing unit renovation program.; Current ownership garnering substantial premiums from unit interior upgrades.
