NOT LISTED FOR SALE

Estimated Value: $384,000 - $433,000

6 Beds
4 Baths
2,200 Sq Ft
$185/Sq Ft Est. Value

Last Sold April 28, 2023

Last sale price $380,000 $173 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,395/month

61 Days on Market

Highlights

  • City View
  • Breakfast Area or Nook
  • Bathtub with Shower
  • Contemporary Architecture
  • Stainless Steel Appliances
  • Slab Porch or Patio

About This Home

As of April 2023

Welcome to this beautiful southwestern-style duplex! The property features stunning tile flooring throughout and a charming design with its warm colors, rustic accents, and unique architectural details. This duplex is fully leased, making it an excellent investment opportunity for any investor. The kitchen contains ample cabinet space and stainless steel appliances. Located near shopping, dining, and entertainment options this duplex provides convenience to tenants. Don't miss this great investment opportunity!

Last Agent to Sell the Property

Ben Riehle

Keller Williams Southern Arizona Listed on: 02/23/2023

Keller Williams Southern Arizona

Co-Listed By

Scott Autenreith

Keller Williams Southern Arizona

Last Buyer's Agent

David Guthrie

Ochoa Realty & Property Management

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,054

Year Built

  • Built in 2008

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 50x150
  • Wood Fence
  • Back and Front Yard

Home Design

  • Duplex
  • Contemporary Architecture
  • Frame With Stucco
  • Shingle Roof

Interior Spaces

  • Bathtub with Shower
  • 2,200 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Treatments
  • Combination Dining and Living Room
  • Ceramic Tile Flooring
  • City Views
  • Laundry closet

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Parking

  • 4 Parking Spaces
  • Gravel Driveway

Schools

  • Manzo Elementary School
  • Mansfeld Middle School
  • Tucson High School

Utilities

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

Additional Features

  • Slab Porch or Patio
  • Ground Level

Listing and Financial Details

  • $2,054 special tax assessment

Community Details

Overview

  • El Rio Park Subdivision
  • The community has rules related to deed restrictions

Building Details

  • Insurance Expense $1,000
  • Professional Management Expense $3,500
  • Water Sewer Expense $1,000
  • Gross Income $33,516
  • Net Operating Income $23,462

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,054

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 2 Plex
  • Style: Contemporary
  • Technology: Cable TV, High Speed Internet, Telephone
  • Accessibility Options: None
  • Legal Description: EL RIO PARK LOT 21 BLK 16
  • Attached Detached: Attached
  • List Price per Sq Ft: 186.36
  • Subdivision Restrict C C And Rs: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Window Coverings: Some
  • Floor Covering: Ceramic Tile
  • Gross Sq Ft: 2200.00
  • Bathroom Features: Shower & Tub/Hall, Shower & Tub/Primary
  • Breakfast: Area
  • Dining Areas: Dining in LR/GR
  • Dining Room: Area
  • Kitchen Features Appliance Color: Stainless
  • Living Areas: Living Room
  • Laundry: Laundry Closet
  • Extra Room: None
  • Kitchen Features: Dishwasher, Electric Range, Garbage Disposal, Refrigerator
  • Interior Steps: No

Exterior Features

  • Construction: Frame - Stucco
  • Construction Status: Existing
  • Driveway Paved: Gravel
  • F E M A Flood Zone: No
  • Fence: Wood
  • Landscape Front: Low Care
  • Landscape Rear: Low Care
  • Patio Deck: Slab
  • Pool: None
  • Road Maintenance: City
  • Roof: Shingle
  • Spa: None
  • View: City
  • Exterior Feature: None

Garage/Parking

  • Total Parking: 4

Utilities

  • Water: City Water
  • Water Heater: Natural Gas
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Main Cooling: Ceiling Fan(s), Central Air
  • Main Heating: Forced Air
  • Security Other: Security Door
  • Sewer: Connected

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

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

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Other Expenses: 2500.00
  • Expenses Taxes Assessments: 2054.37

Schools

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

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.17
  • Lot Dimensions: 50x150
  • Lot Features: Subdivided
  • Lot Size Price Sq Ft: 54.67
  • Lot Sq Ft: 7500.00
  • Lot Sz Sold Prc Sq Ft: 50.67
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 2008

Rental Info

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

Tax Info

  • Tax Code: 116-12-3820
  • Taxes: 2054.37
  • Tax Year: 2022
  • Taxes For: Dwelling & Land

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2023
Closed on
Apr 27, 2023
Sold by
Cv Tucson Investments Llc
Bought by
Forster Roy Marc and Forster Renee M
Seller's Agent
Ben Riehle
Keller Williams Southern Arizona
Buyer's Agent
David Guthrie
Ochoa Realty & Property Management
List Price
$410,000
Sold Price
$380,000
Premium/Discount to List
-$30,000
-7.32%
Views
146
Current Estimated Value
$406,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,501
Avg. Annual Appreciation
0.30%

Purchase Details

Closed on
Mar 18, 2020
Sold by
Clear Value Investments Llc
Bought by
Cv Tucson Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,027,600
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 5, 2018
Sold by
Gonzvar Peter
Bought by
Clear Value Investments Llc

Purchase Details

Closed on
Apr 28, 2008
Sold by
Gonzvar Auxiliadora
Bought by
Gonzvar Peter
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Forster Roy Marc $380,000 Fidelity National Title
Cv Tucson Investments Llc -- Premier Title Agency
Clear Value Investments Llc $300,000 Catalina Title Agency
Gonzvar Peter -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cv Tucson Investments Llc $3,027,600
Previous Owner Clear Value Investments Llc $850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2023 04/28/23 Sold $380,000 -7.3% $173 / Sq Ft
02/23/2023 02/23/23 For Sale $410,000 -- $186 / 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 $2,044 $16,262 -- --
2023 $2,054 $15,488 $0 $0
2022 $2,054 $14,750 $0 $0
2021 $2,043 $13,379 $0 $0
2020 $1,980 $17,478 $0 $0
2019 $1,954 $16,296 $0 $0
2018 $1,912 $11,557 $0 $0
2017 $1,901 $11,557 $0 $0
2016 $1,853 $11,007 $0 $0
2015 $1,779 $10,483 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22304175

MLS of Southern Arizona

APN: 116-12-3820