NOT LISTED FOR SALE

Estimated Value: $545,271 - $945,000

9 Beds
5 Baths
3,204 Sq Ft
$214/Sq Ft Est. Value

Sale Details

Date Sold: April 10, 2020

Last sale price $390,000 $122 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,954 / mo

60 Days on Market

Highlights

  • 0.32 Acre Lot
  • Secondary bathroom tub or shower combo
  • Covered Patio or Porch
  • Contemporary Architecture
  • No HOA
  • Breakfast Area or Nook

About This Home

As of April 2020

Terrific Central 4 Unit Investment Opportunity! Amazing location; walking distance to Tucson Mall. Near River Walk and UofA. Quiet situated on a Cul-de-sac. Always rented! Two well cared buildings share roof over carports, it offers on property parking(uncovered) and covered parking. Floorplans have nice lay out of living space, open kitchen and good sized bedrooms. Three units are 2BD/1BA, one is 3BD/2BA. Each unit has laundry hook ups and a huge private back yard. Some room to raise rents as tenants have been long term below market. Newer ACs. Separate gas and electric meters. Two units are in moth to month leases. Live in one, make some income and pay the mortgage with the rents. No showings without accepted contract-drive by only.

Last Agent to Sell the Property

Marcela Cardenas

Tierra Antigua Realty Listed on: 02/09/2020

Tierra Antigua Realty

Last Buyer's Agent

Mark Anderson

Prudential Aegis

Prudential Aegis

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 27 Sq Ft Lot
  • Property fronts an alley
  • Cul-De-Sac
  • Desert faces the front and back of the property
  • Wood Fence
  • Chain Link Fence

Home Design

  • Contemporary Architecture
  • Quadruplex
  • Frame With Stucco
  • Frame Construction
  • Built-Up Roof

Interior Spaces

  • Secondary bathroom tub or shower combo
  • 3,204 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Family Room
  • Dining Area
  • Fire and Smoke Detector
  • Laundry closet

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Range

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • Carport
  • Parking Pad

Schools

  • Prince Elementary School
  • La Cima Middle School
  • Amphitheater High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Level Entry For Accessibility
  • Covered Patio or Porch
  • Ground Level

Listing and Financial Details

  • $2,454 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • The community has rules related to covenants, conditions, and restrictions

Building Details

  • Insurance Expense $1,000
  • Water Sewer Expense $3,600
  • New Taxes Expense $2,454
  • Operating Expense $7,054
  • Gross Income $33,900
  • Net Operating Income $26,846

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

27 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Unit Info Average Monthly Rent Two Bedroom: 683.0
  • Horses: No
  • Lot Size: 22x22x22x24x68x52x188x55x64ft
  • Road Surface Type: Paved
  • CapRate: 6.88
  • Co List Office Mls Id: 2866
  • Subdivision Name: Mills Subdivision (1-14)
  • General Property Information: List Price/SqFt: 118.6
  • General Property Information: Lot Size Price/SqFt: 27.26
  • Special Features: None

Interior Features

  • Appliances: Gas Range, Refrigerator

Exterior Features

  • ExteriorFeatures: None
  • Roof: Built-Up
  • View: Residential
  • Construction Type: Frame - Stucco
  • Patio And Porch Features: Covered

Utilities

  • Electric Electric Company: TEP
  • Utilities: Sewer Connected
  • Laundry Features: Laundry Closet
  • Cooling: Central Air
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Taxes Assessments: 2454.0
  • Annual Water Sewer Expense: 3600.0

Schools

  • Junior High Dist: Amphitheater
  • Middle Or Junior School: La Cima

Lot Info

  • Lot Features: Adjacent to Alley, Subdivided, Cul-De-Sac
  • Lot Size Sq Ft: 27.0
  • Zoning: Tucson - R2

Building Info

  • Year Built: 1979

Rental Info

  • Utilities Paid Landscaping: Tenant
  • Utilities Paid Trash: Owner

Tax Info

  • Tax Year: 2018
  • New Taxes Expense: 2454.0

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 33900.0
  • Insurance Expense: 1000.0
  • Property Net Operating Income: 26846.0
  • Annual Operating Expense: 7054.0

MLS Schools

  • Elementary School: Prince
  • High School: Amphitheater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2020
Closed on
Mar 17, 2020
Sold by
Reynolds Nicole and Reynolds Christopher
Bought by
Reynolds Christopher
Seller's Agent
Marcela Cardenas
Tierra Antigua Realty
Buyer's Agent
Mark Anderson
Prudential Aegis
List Price
$390,000
Sold Price
$390,000
Current Estimated Value
$686,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$296,090
Avg. Annual Appreciation
9.67%
Original Mortgage
$286,000
Outstanding Balance
$250,593
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$435,497

Purchase Details

Listed on
Feb 2, 2015
Closed on
Mar 23, 2015
Sold by
Courtis James and Courtis Margaret R Boyajian
Bought by
Courtis Margaret R Boyajian
Seller's Agent
Jade Bossert
Tierra Antigua Realty
Buyer's Agent
Marcela Cardenas
Tierra Antigua Realty
List Price
$285,000
Sold Price
$285,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.43%

Purchase Details

Closed on
Jul 2, 2001
Sold by
Lee Tung M and Lee So Ming
Bought by
Lee Tung Ming and Lee So Ming

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
7.24%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Reynolds Christopher -- Signature Ttl Agcy Of Az Llc
Reynolds Christopher $392,000 Signature Ttl Agcy Of Az Llc
Courtis Margaret R Boyajian -- Catalina Title Agency
Courtis Margaret R Boyajian $285,000 Catalina Title Agency
Courtis Margaret R Boyajian -- Catalina Title Agency
Courtis Margaret R Boyajian $285,000 Catalina Title Agency
Lee Tung Ming -- Lawyers Title
Lee Tung M -- Lawyers Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Reynolds Christopher $286,000
Previous Owner Lee Tung M $147,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/10/2020 04/10/20 Sold $390,000 0.0% $122 / Sq Ft
03/11/2020 03/11/20 Pending -- -- --
02/08/2020 02/08/20 For Sale $390,000 +36.8% $122 / Sq Ft
03/31/2015 03/31/15 Sold $285,000 0.0% $89 / Sq Ft View Prior Sale
03/01/2015 03/01/15 Pending -- -- --
02/02/2015 02/02/15 For Sale $285,000 -- $89 / Sq Ft
Source: MLS of Southern Arizona

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $2,893 $24,678 -- --
2025 $2,893 $23,503 -- --
2024 $2,786 $22,384 -- --
2023 $2,701 $21,318 $0 $0
2022 $2,675 $20,303 $0 $0
2021 $2,618 $18,415 $0 $0
2020 $2,602 $20,722 $0 $0
2019 $2,535 $18,384 $0 $0
2018 $2,453 $15,908 $0 $0
2017 $2,411 $15,908 $0 $0
2016 $2,311 $15,150 $0 $0
2015 $2,243 $14,429 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22003776

MLS of Southern Arizona

APN: 105-12-2880

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