NOT LISTED FOR SALE

Estimated Value: $634,637 - $1,003,000

4 Beds
4 Baths
3,694 Sq Ft
$203/Sq Ft Est. Value

Last Sold April 15, 2019

Last sale price $400,000 $108 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $4,481/month

6 Days on Market

Highlights

  • RV Parking in Community
  • Wood Flooring
  • Covered patio or porch
  • Mountain View
  • Territorial Architecture
  • Balcony

About This Home

As of April 2019

Charming 1929 two Story Fourplex, Classic Old Tucson Monterey Architecture Block and a half NW of the University. Perfect for out of investor with students at the UofA or improve condition and raise rents. Large one bedroom units with hard wood floors, built ins, original well-built wood cabinets in good condition; all but two of the windows are the original wood sash. New energy Efferent Air-Conditioning 2015. Large lot with plenty of parking (back), in an area where parking is a premium and street parking requires a permit. Back entrance with fenced and locked gate, security lights, and front entry with digital entry lock. Plenty of potential, fully rented below the current rental market, not currently rented as University rental, potential for rent increase.

Last Listed By

Cynthia Merodias-Montenegro

Merodias-Montenegro Realty Listed on: 03/21/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,277

Year Built

  • Built in 1929

Lot Details

  • 9,622 Sq Ft Lot
  • Lot Dimensions are 50 x 192.5
  • Property fronts an alley
  • Wood Fence
  • Wire Fence
  • Landscaped with Trees

Home Design

  • Quadruplex
  • Territorial Architecture
  • Built-Up Roof
  • Masonry

Interior Spaces

  • Bathtub with Shower
  • 3,694 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Mountain Views
  • Security Lights

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Tile Countertops

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • Gravel Driveway

Accessible Home Design

  • Level Entry For Accessibility

Outdoor Features

  • Balcony
  • Covered patio or porch

Location

  • Ground Level
  • Upper Level

Schools

  • Blenman Elementary School
  • Doolen Middle School
  • Tucson High School

Utilities

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

Listing and Financial Details

  • $3,277 special tax assessment

Community Details

Overview

  • Feldmans Amended Subdivision
  • The community has rules related to deed restrictions
  • RV Parking in Community

Amenities

  • No Laundry Facilities

Building Details

  • Fuel Expense $380
  • Insurance Expense $2,133
  • Maintenance Expense $1,500
  • Water Sewer Expense $1,600
  • Gross Income $27,645
  • Net Operating Income $15,255

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,277

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 4 Plex
  • Style: Territorial
  • Style Other: Monterey
  • Technology: Cable TV
  • Accessibility Options: Entry
  • Legal Description: Lot 11, Block 26 Feldmans Amended
  • Attached Detached: Attached
  • List Price per Sq Ft: 94.75
  • Subdivision Restrict C C And Rs: Yes
  • Unit Info Average Monthly Rent One Bedroom: 606.00
  • Unit Info Number Of Units1 B R: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Foyer
  • Window Coverings: Stay
  • Floor Covering: Ceramic Tile, Vinyl, Wood
  • Gross Sq Ft: 3694.00
  • Bathroom Features: Shower & Tub/Hall
  • Breakfast: None
  • Dining Areas: Eat-In Kitchen
  • Dining Room: Area
  • Kitchen Features Countertops: Tile
  • Laundry Other: Accross Street
  • Living Areas: Living Room
  • Laundry: None
  • Extra Room Other: Basement
  • Kitchen Features: Double Sink, Gas Range, Refrigerator

Exterior Features

  • Construction: Masonry Stucco
  • Construction Status: Existing
  • Driveway Paved: Gravel
  • F E M A Flood Zone: TBD
  • Fence: Field, Wood
  • Fence Other: metal
  • Landscape Front: None
  • Landscape Rear: Trees
  • Patio Deck: Balcony, Covered
  • Pool: None
  • Road Maintenance: City
  • Roof: Built-Up
  • Spa: None
  • View: Mountain(s), Residential, Sunrise, Sunset
  • Exterior Feature: None

Garage/Parking

  • Rv Parking: Space Available
  • Total Parking: 8

Utilities

  • Water: City Water
  • Water Heater: Natural Gas
  • Electric Electric Company: Tucson Elec
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Main Cooling: Central Air
  • Main Heating: Forced Air, Natural Gas
  • Security: Security Lights
  • Security Other: Gate and lock entry
  • Sewer: Connected

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: Yes
  • Neighborhood Features: None

Fee Information

  • Expenses Capital Expenses: 3500.00
  • Expenses Figures Presented: Proforma
  • Expenses Gas Electric: 380.00
  • Expenses Maintenance Supplies: 1500.00
  • Expenses Taxes Assessments: 3277.00

Schools

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

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.22
  • Lot Dimensions: 50 x 192.5
  • Lot Features: Adjacent to Alley
  • Lot Size Price Sq Ft: 36.37
  • Lot Sq Ft: 9622.00
  • Lot Sz Sold Prc Sq Ft: 41.57
  • Municipality Zoning: Tucson - NR2
  • Municipal Flood Zone: TBD

Building Info

  • Year Built: 1929

Rental Info

  • Utilities Paid Cable TV: Tenant
  • Utilities Paid Electric: Tenant
  • Utilities Paid Gas: Tenant
  • Utilities Paid Insurance: Owner
  • Utilities Paid Sewer: Owner
  • Utilities Paid Taxes: Owner
  • Utilities Paid Trash: Owner
  • Utilities Paid Water: Owner

Tax Info

  • Tax Code: 115-04-4420
  • Taxes: 3277.22
  • Tax Year: 2018
  • Taxes For: Dwelling & Land

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2019
Closed on
Apr 11, 2019
Sold by
Durhahm Virginia
Bought by
Arizona Real Asset Management Llc
Seller's Agent
Cynthia Merodias-Montenegro
Merodias-Montenegro Realty
Buyer's Agent
Tim Harris
Ochoa Realty & Property Management
List Price
$400,000
Sold Price
$400,000
Total Days on Market
6
Current Estimated Value
$748,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$348,409
Avg. Annual Appreciation
10.80%

Purchase Details

Closed on
Feb 7, 2002
Sold by
Carnefix Melissa V
Bought by
Carnefix Melissa

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
Arizona Real Asset Management Llc $400,000 Long Title Agency Inc
Arizona Real Asset Management Llc $400,000 Long Title Agency Inc
Carnefix Melissa -- --
Carnefix Melissa -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2019 04/15/19 Sold $400,000 0.0% $108 / Sq Ft
03/21/2019 03/21/19 For Sale $400,000 -- $108 / 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 $3,505 $27,880 -- --
2023 $3,505 $26,553 $0 $0
2022 $3,522 $25,288 $0 $0
2021 $3,502 $22,937 $0 $0
2020 $3,395 $35,633 $0 $0
2019 $3,350 $37,301 $0 $0
2018 $3,277 $19,814 $0 $0
2017 $3,259 $19,814 $0 $0
2016 $3,182 $18,870 $0 $0
2015 $3,086 $17,972 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21907917

MLS of Southern Arizona

APN: 115-04-4420