1439 S. Jones Blvd. Apt. D-1
Citation Gardens #2
This co-op is for sale at $35,000. It has a living room, kitchen and utility room with toilet downstairs, and two bedrooms and a bathroom upstairs for a total of 720 square feet. There is a 200-square-foot walled private courtyard.
As you can see on the map to the left, the apartment is within easy walking distance to Reid Park and easy biking distance to Food City and Frye's.
Co-op fees are $171 per month, which pays for water, garbage, a covered parking space, and maintenance of the common area, which includes a ramada and a pool. The resident pays for electricity, gas, and cable.
Co-Op rules allow cats but not dogs. Like most co-ops, this one does not allow subleasing. Guests are allowed while the owners are in residence, but you can't loan it out to your friends while you're away. These rules are restrictive, but you do get a stable set of friendly neighbors who share your interests in the property and will keep an eye on the place when you're away.
The purchase price does not give you fee title: you get a share certificate. For that reason, you can't use a mortgage to purchase; it's a cash purchase. On the other hand, structural maintenance is taken care of and you don't have a landlord: you and your neighbors own the place through the Association. The mortgage on Citation Gardens #2 is paid off and even it weren't, you have no personal liability on an Association mortgage. Further information about the advantages of Arizona co-ops is available here.
We've been here for 17 years and have been very satisfied, but the no-dog rule is making life complicated for us, and we're itching to try an RV, so our Tucson get-away is up for sale.
The unit can be sold furnished at a reasonable extra cost except for Items noted as not available.