NOT LISTED FOR SALE

Estimated Value: $566,000 - $640,509

7 Beds
5 Baths
2,693 Sq Ft
$225/Sq Ft Est. Value

Last Sold May 08, 2024

Last sale price $667,000 $248 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $3,657/month

28 Days on Market

Highlights

  • RV Parking in Community
  • Vaulted Ceiling
  • Furnished
  • City View
  • Modern Architecture
  • 5-minute walk to Iron Horse Park

About This Home

As of May 2024

Rare opportunity to buy a 4-Plex in prime Downtown Tucson neighborhood w/ 5 off street parking spaces & easy walk to Historic 4th Avenue & Univ. of Arizona. All 4 units are vacant giving new owner a clean slate for all types of rental income possibilities. #1 is 2 bed, 1 bath, #2 is 1 bed, 1 bath, #3 is 1 bed 1 bath, #4 is 3 bed, 2 bath; so 7 bedrooms, 5 bathrooms. This historic property features many recent upgrades include: 8 new Mini-splits for heating/cooling, 3 new water heaters, all new sewer lines in basement include clean out, & new interior paint, flooring, & new appliances. Whether owner-occupying or as rentals your family & renters will love the extra heigh ceilings, city & mountain view, covered patio, large backyard w/ enclosed laundry room, new dog park nearby....

Last Agent to Sell the Property

Brian Nichols

Tierra Antigua Realty Listed on: 04/09/2024

Tierra Antigua Realty

Last Buyer's Agent

Richard Jacome

eXp Realty

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,742

Year Built

  • Built in 1963

Lot Details

  • 3,877 Sq Ft Lot
  • Lot Dimensions are 43' x 89
  • East or West Exposure
  • Wood Fence
  • Block Wall Fence
  • Chain Link Fence
  • Back and Front Yard

Property Views

  • City
  • Mountain

Home Design

  • Quadruplex
  • Modern Architecture
  • Shingle Roof
  • Built-Up Roof
  • Masonry

Interior Spaces

  • 2,693 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Storage Room

Kitchen

  • Breakfast Area or Nook
  • Electric Oven
  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Video Cameras
  • Fire and Smoke Detector

Parking

  • 5 Parking Spaces
  • Parking Pad

Outdoor Features

  • Covered Patio or Porch
  • Shed

Location

  • Upper Level

Schools

  • Roskruge Elementary School
  • Mansfeld Middle School
  • Tucson High School

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • $3,742 special tax assessment

Community Details

Overview

  • Tucson Hoffs Resub Of Blk 85 Subdivision
  • RV Parking in Community

Recreation

  • Community Basketball Court

Building Details

  • Fuel Expense $4,800
  • Insurance Expense $2,000
  • Water Sewer Expense $1,800
  • Gross Income $70,800
  • Net Operating Income $58,458

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,742

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 4 Plex
  • Style: Modern
  • Technology: Cable TV
  • Accessibility Options: None
  • Legal Description: From Parcel:001010010 /Tucson Hoffs Resub Of Blk 85 Lot 20
  • Attached Detached: Attached
  • List Price per Sq Ft: 250.65
  • Subdivision Restrict C C And Rs: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Smoke Detector, Vaulted Ceilings, Walk In Closets
  • Window Coverings: Stay
  • Floor Covering: Carpet, Ceramic Tile, Concrete
  • Gross Sq Ft: 2693.00
  • Bathroom Features: Shower & Tub/Hall, Shower & Tub/Primary
  • Breakfast: Area
  • Dining Areas: Breakfast Nook
  • Dining Room: Area
  • Kitchen Features Appliance Color: White
  • Kitchen Features Oven: electric
  • Living Areas: Living Room
  • Laundry: Dryer Included, Laundry Room, Washer Included
  • Extra Room: Storage
  • Kitchen Features: Dishwasher, Electric Range, Refrigerator

Exterior Features

  • Construction: Concrete Block, Masonry Stucco
  • Construction Status: Existing
  • F E M A Flood Zone: No
  • Fence: Block, Chain Link, Wood
  • Landscape Front: Low Care
  • Landscape Rear: Low Care
  • Patio Deck: Covered, Patio
  • Pool: None
  • Road Maintenance: City
  • Roof: Built-Up, Shingle
  • Spa: None
  • View: City, Mountain(s)
  • Exterior Feature: Shed

Garage/Parking

  • Driveway: Car(s) Pad
  • Rv Parking: Space Available
  • Total Parking: 5

Utilities

  • Water: City Water
  • Water Heater: Electric
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: None
  • Main Cooling: Central Air, Wall Unit(s)
  • Main Heating: Wall
  • Security: Cameras, Security Lights
  • Sewer: Connected

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: No
  • Neighborhood Features: Basketball Court, Street Lights

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Gas Electric: 4800.00
  • Expenses Taxes Assessments: 3742.31

Schools

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

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.09
  • Lot Dimensions: 43' X 89
  • Lot Features: East/West Exposure, Subdivided
  • Lot Size Price Sq Ft: 174.10
  • Lot Sq Ft: 3877.00
  • Lot Sz Sold Prc Sq Ft: 172.04
  • Municipality Zoning: Tucson - C3
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1963

Rental Info

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

Tax Info

  • Tax Code: 117-06-3050
  • Taxes: 3742.31
  • Tax Year: 2023
  • Taxes For: Dwelling & Land

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2024
Closed on
May 7, 2024
Sold by
Nichols Brian
Bought by
Kiener Kris and Kiener Cheryl
Seller's Agent
Brian Nichols
Tierra Antigua Realty
Buyer's Agent
Richard Jacome
eXp Realty
List Price
$675,000
Sold Price
$667,000
Premium/Discount to List
-$8,000
-1.19%
Views
110
Current Estimated Value
$607,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$59,873
Avg. Annual Appreciation
-4.07%
Original Mortgage
$533,600
Outstanding Balance
$528,442
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$104,279

Purchase Details

Listed on
Oct 11, 2021
Closed on
Nov 10, 2021
Sold by
Pinnell William A
Bought by
Nichols Brian and Nichols Brian
Seller's Agent
David Walsh
Better Homes & Gardens Real Estate - SJ Fowler
Buyer's Agent
Brian Nichols
Caroline Auza Development
List Price
$468,000
Sold Price
$475,000
Premium/Discount to List
$7,000
1.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.61%
Original Mortgage
$466,396
Interest Rate
3.01%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 24, 2007
Sold by
Barlow Sharon A
Bought by
Pinnell Ii William Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,400
Interest Rate
6.11%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Kiener Kris $667,000 Fidelity National Title Agency
Nichols Brian $475,000 Stewart Title & Tr Of Tucson
Pinnell Ii William Andrew $245,500 Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kiener Kris $533,600
Previous Owner Nichols Brian $13,974
Previous Owner Nichols Brian $466,396
Previous Owner Pinnell Ii William Andrew $197,000
Previous Owner Pinnell Ii William Andrew $196,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2024 05/08/24 Sold $667,000 -1.2% $248 / Sq Ft
04/09/2024 04/09/24 For Sale $675,000 +42.1% $251 / Sq Ft
11/12/2021 11/12/21 Sold $475,000 +1.5% $158 / Sq Ft
11/12/2021 11/12/21 Pending -- -- --
10/11/2021 10/11/21 For Sale $468,000 -- $156 / 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 $3,993 $34,036 -- --
2023 $4,011 $30,235 $0 $0
2022 $4,011 $28,796 $0 $0
2021 $3,987 $13,743 $0 $0
2020 $2,034 $25,893 $0 $0
2019 $2,008 $24,974 $0 $0
2018 $1,964 $11,872 $0 $0
2017 $1,953 $11,872 $0 $0
2016 $1,915 $11,307 $0 $0
2015 $1,857 $10,768 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22408797

MLS of Southern Arizona

APN: 117-06-3050