NOT LISTED FOR SALE

117 E 33rd St Tucson, AZ 85713

Studio
-- Bath
-- Sq Ft
0.32 Acres

Last Sold May 18, 2023

Last sale price $675,000

48 Days on Market

About This Home

As of May 2023

Seller financing available for this high rent/low expense property! Annual NOI is $67,272 when fully rented. 4 x 2bdrm/1bath renting for $1100/mo. 2 x 1bdrm/1bath renting for $825-850/mo. 1 x studio renting for $761/mo. Currently have 1 vacancy that are in the process of being rented out. (2b/1 & 1b/1b). All utilities are in tenants names except water and trash. Landlord bills tenants $50/mo for water and trash. Other expenses include: taxes and insurance (727.23/mo). Property management (10%/mo). Pest control $105/mo.

Fully remodeled 7-unit apartment building. Units have been renovated with new cabinets, countertops, appliances, paint light fixtures, ceiling fans, and more!

Range price of $700,000-$775,000. Low end of range for cash offers and high end for financed.

Last Agent to Sell the Property

Tiffany Tolley

Realty Executives Arizona Territory License #SA646114000 Listed on: 03/15/2023

Realty Executives Arizona Territory

Co-Listed By

Rick Taylor

Realty Executives Arizona Territory License #SA628834000

Last Buyer's Agent

Colton Kusilek

Aurumys License #SA694960000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,751

Year Built

  • Built in 1963

Lot Details

  • 0.32

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Built-Up Roof
  • Stucco

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces
  • Free Parking

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • No Heating

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, water, sewer, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 11
  • Assessor Parcel Number 118-25-177

Community Details

Overview

  • 3 Buildings
  • 7 Units
  • Building Dimensions are IRREGULAR

Building Details

  • Operating Expense $1,751
  • Gross Income $63,812
  • Net Operating Income $63,613

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,751

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 22nd Street/6th Ave
  • Property Type: Multiple Dwellings
  • Zoning: SR2
  • Number Of Buildings: 3
  • Year Built: 1963
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: rete006
  • Co List Office Phone: 520-207-0903
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition, Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Free
  • Attached Garage: No
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Free: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Evaporative Cooling, Wall/Window Unit(s)
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: City Franchise
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Tucson Unified District

Lot Info

  • Lot Size: IRREGULAR
  • Additional Parcels: No
  • Parcel #: 118-25-177

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, None
  • Tenant Pays: Trash Collection, Gas, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 7
  • Annual Gross Income: 63811.68
  • Property Net Operating Income: 63612.82
  • Annual Operating Expense: 1751.44
  • Vacancy Allowance Rate: 0.26

Tax Info

  • Tax Annual Amount: 1751.44
  • Tax Book Number: 118.00
  • Tax Lot: 11
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/18/2023 05/18/23 Sold $675,000 -3.6% --
05/03/2023 05/03/23 Pending -- -- --
05/03/2023 05/03/23 Price Changed $700,000 0.0% --
05/03/2023 05/03/23 For Sale $700,000 -17.6% --
04/15/2023 04/15/23 Pending -- -- --
04/04/2023 04/04/23 Price Changed $850,000 -2.9% --
03/15/2023 03/15/23 For Sale $875,000 +73.3% --
04/08/2022 04/08/22 Sold $505,000 -8.2% $150 / Sq Ft View Prior Sale
11/03/2021 11/03/21 For Sale $550,000 +276.7% $163 / Sq Ft
03/06/2015 03/06/15 Sold $146,000 0.0% $46 / Sq Ft View Prior Sale
02/04/2015 02/04/15 Pending -- -- --
09/10/2014 09/10/14 For Sale $146,000 -- $46 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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
2026 $2,345 $16,602 -- --
2025 $2,345 $15,811 -- --
2024 $1,884 $15,058 -- --
2023 $1,774 $14,341 $0 $0
2022 $1,739 $13,658 $0 $0
2021 $1,751 $12,389 $0 $0
2020 $1,697 $14,151 $0 $0
2019 $1,675 $14,141 $0 $0
2018 $1,632 $10,702 $0 $0
2017 $1,633 $10,702 $0 $0
2016 $1,626 $10,192 $0 $0
2015 $1,581 $9,707 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6531718

Arizona Regional Multiple Listing Service (ARMLS)