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1620 N Wilmot Road, Tucson, AZ 85712

New Listing
$850,000
Property Type: Commercial Square Footage: 8,234 Lot Size (sq. ft.): 3,920 Status: Active
Current Price: $850,000 List Date: 10/30/2026 Last Modified: 10/30/2026

Overview

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!

Listing Details MLS# 22626373

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

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

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

Contract Information

Method of Title
Fee (Simple)
Short Sale
No

More Information

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
IDX
Listing Office: Realty Executives Arizona Territory
Last Updated: October - 30 - 2026
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.