NOT LISTED FOR SALE

Estimated Value: $1,268,000 - $2,126,233

14 Beds
6 Baths
5,795 Sq Ft
$298/Sq Ft Est. Value

Last Sold January 28, 2019

Last sale price $1,350,000 $233 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $9,347/month

27 Days on Market

Highlights

  • 0.34 Acre Lot
  • Wood Flooring
  • Corner Lot
  • Mountain View
  • Southwestern Architecture
  • Great Room

About This Home

As of January 2019

AMAZING, student rental investment opportunity one block south of the University of Arizona! Leased through July 2020. Two units on large R-3 Lot. First house is an 8bd/3bth and second house is a 6bd/3bth. Never been vacant since remodel in 2010. Current management company will continue to manage if desired by new owner. Over $250,000 in renovations in 2010 including Brand new kitchens, bathrooms, electrical, drywall, appliances, flooring, pool, fencing, etc! Very desirable rental location with beautifully remodeled units! PLEASE DO NOT DISTURB TENANTS. One of the Members of the LLC is a licensed real estate broker in Arizona.

Last Agent to Sell the Property

Jarrett Reidhead

Tucson Integrity Realty, LLC Listed on: 12/04/2018

Last Buyer's Agent

Steve Ganske

Realty Executives Arizona Terr

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,691

Year Built

  • Built in 1917

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100 x 148
  • Property fronts an alley
  • Wrought Iron Fence
  • Block Wall Fence
  • Corner Lot
  • Back and Front Yard

Home Design

  • Duplex
  • Southwestern Architecture
  • Modern Architecture
  • Frame With Stucco
  • Tile Roof
  • Rolled or Hot Mop Roof
  • Stone

Interior Spaces

  • 5,795 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Great Room
  • Family Room
  • Living Room
  • Dining Room
  • Storage Room
  • Mountain Views

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Electric Oven
  • Electric Range
  • Built-In Microwave
  • Dishwasher
  • Corian Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • Bathtub with Shower
  • Shower Only in Secondary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Window Bars
  • Home Security System
  • Security Lights
  • Fire Sprinkler System

Parking

  • 14 Parking Spaces
  • Driveway

Outdoor Features

  • Balcony
  • Courtyard
  • Covered Patio or Porch

Schools

  • Blenman Elementary School
  • Mansfeld Middle School
  • Tucson High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Doors with lever handles
  • Ground Level

Listing and Financial Details

  • $7,691 special tax assessment

Community Details

Overview

  • Buells Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Community Pool

Building Details

  • Insurance Expense $2,023
  • Maintenance Expense $21,561
  • Professional Management Expense $14,630
  • Gross Income $146,300
  • Net Operating Income $99,278

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,691

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 2 Plex
  • Style: Modern, Southwestern
  • Technology: Alarm System, Cable TV, High Speed Internet
  • Accessibility Options: Door Levers
  • Legal Description: BUELLS N150' OF LOTS 15 & 16 BLK 26
  • Attached Detached: Detached
  • List Price per Sq Ft: 250.22
  • Subdivision Restrict C C And Rs: No
  • Unit Info Avg Mo Rent Other: 11900.00
  • Unit Info Number Of Units Other: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Fire Sprinklers
  • Window Coverings: Stay
  • Floor Covering: Ceramic Tile, Wood
  • Gross Sq Ft: 5795.00
  • Bathroom Features: Shower & Tub/Primary, Shower Only/Hall
  • Breakfast: Bar
  • Dining Areas: Breakfast Bar
  • Dining Room: Area
  • Kitchen Features Appliance Color: Black
  • Kitchen Features Countertops: Corian
  • Kitchen Features Pantry: Walk-In
  • Kitchen Features Microwave: Built in
  • Kitchen Features Oven: Electric
  • Laundry Other: Three Washers
  • Living Areas: Family Room, Great Room, Living Room
  • Laundry: Dryer Included, Laundry Room, Washer Included
  • Extra Room: Storage
  • Kitchen Features: Breakfast Bar, Dishwasher, Electric Range, Garbage Disposal, Refrigerator
  • Interior Steps: Yes

Exterior Features

  • Construction: Frame - Stucco, Stone
  • Construction Status: Existing
  • Driveway Paved: Asphalt
  • F E M A Flood Zone: No
  • Fence: Block, Wrought Iron
  • Landscape Front: Low Care
  • Landscape Rear: Low Care
  • Landscape Rear Other: Turf
  • Patio Deck: Balcony, Covered, Patio
  • Pool: Community
  • Road Maintenance: City
  • Roof: Rolled, Tile
  • Spa: None
  • View: Mountain(s)
  • Exterior Feature: Courtyard

Garage/Parking

  • Total Parking: 14

Utilities

  • Water: City Water
  • Water Heater: Electric, Natural Gas
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Main Cooling: Zoned
  • Main Heating: Electric, Forced Air, Natural Gas
  • Security: Security Lights, Window Bars
  • Sewer: Connected

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: Yes
  • Neighborhood Features: Sidewalks

Fee Information

  • Expenses Admin Expenses: 325.00
  • Expenses Figures Presented: Proforma
  • Expenses Maintenance Supplies: 21561.00
  • Expenses Other Expenses: 792.00
  • Expenses Taxes Assessments: 7691.00

Schools

  • School District: TUSD
  • Elementary School: Blenman
  • Middle School: Mansfeld
  • High School: Tucson

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.34
  • Lot Dimensions: 100 x 148
  • Lot Features: Adjacent to Alley, Corner Lot, Subdivided
  • Lot Size Price Sq Ft: 97.91
  • Lot Sq Ft: 14810.00
  • Lot Sz Sold Prc Sq Ft: 91.15
  • Municipality Zoning: Tucson - R3
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1917

Rental Info

  • Utilities Paid Cable TV: Tenant
  • Utilities Paid Electric: Tenant
  • Utilities Paid Gas: Tenant
  • Utilities Paid Insurance: Owner
  • Utilities Paid Landscaping: Owner
  • Utilities Paid Pool Spa Maintenance: Owner
  • Utilities Paid Sewer: Tenant
  • Utilities Paid Taxes: Owner
  • Utilities Paid Trash: Tenant
  • Utilities Paid Water: Tenant

Tax Info

  • Tax Code: 124-06-0850
  • Taxes: 7691.00
  • Tax Year: 2018
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Mansfeld
  • Elementary School: Blenman
  • High School: Tucson
  • School District: TUSD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 25, 2024
Sold by
Klein Kathy J
Bought by
Klein 2024 Trust and Klein
Current Estimated Value
$1,582,089

Purchase Details

Listed on
Dec 4, 2018
Closed on
Jan 22, 2019
Sold by
Prestigious Rentals Llc
Bought by
Klein Kathy J
Seller's Agent
Jarrett Reidhead
Tucson Integrity Realty, LLC
Buyer's Agent
Steve Ganske
Realty Executives Arizona Terr
List Price
$1,350,000
Sold Price
$1,350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.15%
Original Mortgage
$795,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2010
Sold by
Lambda Delta Housing Corporation
Bought by
Prestigious Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
4.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 29, 1994
Sold by
Wright Robert H and Wright Patricia G
Bought by
Lambda Delta Housing Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
8.73%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 24, 1994
Sold by
Ready Robert P and Ready Geraldine C
Bought by
Wright Robert H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
8.73%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Klein 2024 Trust -- None Listed On Document
Klein Kathy J $1,350,000 Signature Title Agency Of Ar
Prestigious Rentals Llc $350,000 Title Security
Prestigious Rentals Llc $350,000 Title Security
Lambda Delta Housing Corp $190,000 --
Wright Robert H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Klein Kathy J $795,000
Previous Owner Prestigious Rentals Llc $400,000
Previous Owner Prestigious Rentals Llc $530,000
Previous Owner Prestigious Rentals Llc $435,000
Previous Owner Prestigious Rentals Llc $235,000
Previous Owner Lambda Delta Housing Corp $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2019 01/28/19 Sold $1,350,000 0.0% $233 / Sq Ft
12/29/2018 12/29/18 Pending -- -- --
12/04/2018 12/04/18 For Sale $1,350,000 -- $233 / Sq Ft
Source: MLS of Southern Arizona

Tax History Compared to Growth

Source: Public Records

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
2024 $8,218 $65,426 -- --
2023 $8,218 $62,311 -- --
2022 $8,265 $59,344 $0 $0
2021 $8,218 $53,827 $0 $0
2020 $7,968 $57,167 $0 $0
2019 $7,863 $54,545 $0 $0
2018 $7,691 $46,497 $0 $0
2016 $7,401 $44,283 $0 $0
2015 $7,192 $42,174 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21831903

MLS of Southern Arizona

APN: 124-06-0850