NOT LISTED FOR SALE

1435 E Benson Hwy Tucson, AZ 85714

Estimated Value: $554,000 - $1,193,847

-- Bed
-- Bath
4,894 Sq Ft
$194/Sq Ft Est. Value

Last Sold November 21, 2016

Last sale price $500,000 $102 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $5,494/month

22 Days on Market

About This Home

As of November 2016

DO NOT DISTURB TENANTS! High yield investment opportunity with a high cap rate. Extremely motivated seller, will consider all offers. 16 UNIT EFFICIENCY MOTEL RENTED MONTHLY PLUS 7 MOBILE HOMES ALSO RENTED MONTHLY. THE PROPERTY INCOME IS ACTUAL. THE SELLER INHERITED PROPERTY AND HAVE NO EXPENSE INFORMATION. ESTIMATED VACANCY AT 10% AND EXPENSES AT 50%. SELLER WILL CARRY WITH 25% DOWN,9% INTEREST AMORTIZED OVER 30 YEARS. CASH ON CASH RETURN OF 25% See documents for additional information. Seller is licensed to sell real estate in the state of Arizona.

Last Agent to Sell the Property

Christopher Itule

Long Realty Company Listed on: 10/18/2016

Co-Listed By

Tony Reed

Long Realty Company

Last Buyer's Agent

Morgan Abraham

Long Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,851

Year Built

  • Built in 1948

Lot Details

  • 1.08 Acre Lot

Home Design

  • 4,894 Sq Ft Home

Utilities

  • Forced Air Heating and Cooling System
  • Evaporated cooling system
  • Heating System Uses Natural Gas

Community Details

  • Fuel Expense $9,467
  • Insurance Expense $2,705
  • Professional Management Expense $3,381
  • Water Sewer Expense $4,733
  • Gross Income $135,242
  • Net Operating Income $67,232

Listing and Financial Details

  • $4,851 special tax assessment

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,851

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Legal Description: Pc 100' X 471' Facing Benson Hwy In Nw4 Ne4 Lyg 1109.9' Sely From W Line
  • List Price per Sq Ft: 101.96
  • Unit Info Average Monthly Rent One Bedroom: 527.50
  • Unit Info Average Monthly Rent Two Bedroom: 578.00
  • Unit Info Number Of Units1 B R: 16
  • Unit Info Number Of Units2 B R: 7
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Gross Sq Ft: 4894.00

Exterior Features

  • Construction: Other

Utilities

  • Water: City Water
  • Fire Protection: Included in Taxes
  • Main Cooling: Central Air, Evaporative Cooling
  • Main Heating: Forced Air, Natural Gas
  • Security: None
  • Sewer: Connected
  • Miscellaneous Master Gas Meter: Yes
  • Miscellaneous Master Water Meter: Yes

Condo/Co-op/Association

  • Community: None

Fee Information

  • Expenses Contract Services: 18125.00
  • Expenses Figures Presented: Proforma
  • Expenses Gas Electric: 9467.00
  • Expenses Other Expenses: 24748.00
  • Expenses Taxes Assessments: 4851.00

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Lot Acres: 1.08
  • Lot Dimensions: irregular
  • Lot Size Price Sq Ft: 10.61
  • Lot Sq Ft: 47045.00
  • Lot Sz Sold Prc Sq Ft: 10.63
  • Municipality Zoning: Tucson - C2

Building Info

  • Year Built: 1948

Tax Info

  • Tax Code: 132-16-0320
  • Taxes: 4851.43
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 15, 2023
Sold by
Rossmoor Properties 1 Llc
Bought by
Rossmoor Properties Llc
Current Estimated Value
$950,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2020
Sold by
Sam Hung T and Sam Daniel Anh
Bought by
Rossmoor Properties 1 Llc

Purchase Details

Closed on
Apr 3, 2020
Sold by
1435 Benson Highway Llc
Bought by
Sam Hung T and Sam Daniel Anh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 18, 2016
Closed on
Nov 16, 2016
Sold by
Desert Sands Lodge Llc
Bought by
1435 Benson Highway Llc
Seller's Agent
Christopher Itule
Long Realty Company
Buyer's Agent
Morgan Abraham
Long Realty
List Price
$500,000
Sold Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.87%
Original Mortgage
$400,000
Interest Rate
3.42%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 6, 2016
Sold by
Charette Roger
Bought by
Desert Sand Lodge Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.6%
Mortgage Type
Seller Take Back
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
Rossmoor Properties Llc -- Fidelity National Title Agency
Rossmoor Properties 1 Llc $750,000 None Available
Rossmoor Properties 1 Llc $750,000 None Available
Sam Hung T $750,000 Premier Title Agency
1435 Benson Highway Llc $500,000 Stewart Title & Tr Of Tucson
1435 Benson Highway Llc $500,000 Stewart Title & Tr Of Tucson
Desert Sand Lodge Llc $375,000 Stewart Title & Tr Tucson In
Charette Roger -- Stewart Title & Tr Tucson In
Desert Sand Lodge Llc $375,000 Stewart Title & Tr Tucson In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rossmoor Properties Llc $400,000
Closed Rossmoor Properties Llc $125,000
Closed Rossmoor Properties Llc $125,000
Previous Owner Rossmoor Properties Llc $562,500
Previous Owner Sam Hung T $400,000
Previous Owner 1435 Benson Highway Llc $435,000
Previous Owner 1435 Benson Highway Llc $425,000
Previous Owner 1435 Benson Highway Llc $400,000
Previous Owner Desert Sand Lodge Llc $375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2016 11/21/16 Sold $500,000 0.0% $102 / Sq Ft
10/22/2016 10/22/16 Pending -- -- --
10/18/2016 10/18/16 For Sale $500,000 -- $102 / 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 $3,463 $25,988 -- --
2023 $3,839 $26,775 $0 $0
2022 $3,839 $28,350 $0 $0
2021 $4,122 $27,849 $0 $0
2020 $4,122 $28,351 $0 $0
2019 $4,068 $28,350 $0 $0
2018 $3,979 $19,893 $0 $0
2017 $3,334 $19,893 $0 $0
2016 $4,992 $29,240 $0 $0
2015 $4,851 $27,848 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2016

    Christopher Itule

    Long Realty Company

  • T

    Seller Co-Listing Agent in 2016

    Tony Reed

    Long Realty Company

  • M

    Buyer's Agent in 2016

    Morgan Abraham

    Long Realty

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 21627914

MLS of Southern Arizona

APN: 132-16-0320

Arizona Pima County Tucson 85714

1435 E Benson Hwy, Tucson, AZ

This home is located at 1435 E Benson Hwy, Tucson, AZ 85714 since 18 October 2016 and is currently estimated at $950,616, approximately $194 per square foot. This property was built in 1948. 1435 E Benson Hwy is a home located in Pima County with nearby schools including Lillian Cavett Elementary School, Utterback Middle School, and Catalina High School.

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