NOT LISTED FOR SALE

Estimated Value: $421,000 - $543,000

6 Beds
3 Baths
2,160 Sq Ft
$214/Sq Ft Est. Value

Last Sold July 06, 2022

Last sale price $375,000 $174 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,665/month

3 Days on Market

Highlights

  • Contemporary Architecture
  • Covered Patio or Porch
  • Bathtub with Shower
  • Great Room
  • Eat-In Kitchen
  • Ceramic Tile Flooring

About This Home

As of July 2022

Great opportunity to own 2/3 plex 6 units with long term tenants. Gated for security, and under market rents. Washer/Dryer hook up and small yard. All tile and separate storage area. 3 miles from UofA. Walking distance to shops and restaurants. Do not disturb tenants.

Last Agent to Sell the Property

Tracy Wood

Realty One Group Integrity Listed on: 05/25/2022

Co-Listed By

Dayna Thacker

BIG REALTY Solutions, LLC

Last Buyer's Agent

Omer Kreso

Realty Executives Arizona Territory

Realty Executives Arizona Territory

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,986

Year Built

  • Built in 1997

Lot Details

  • 10,498 Sq Ft Lot
  • Back and Front Yard

Home Design

  • Triplex
  • Contemporary Architecture
  • Frame With Stucco
  • Built-Up Roof

Interior Spaces

  • Bathtub with Shower
  • 2,160 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Great Room
  • Dining Room
  • Ceramic Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Electric Range

Parking

  • 3 Parking Spaces
  • Carport
  • Driveway

Schools

  • Wright Elementary School
  • Doolen Middle School
  • Catalina High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • North or South Exposure
  • Covered Patio or Porch
  • Ground Level

Listing and Financial Details

  • $1,986 special tax assessment

Community Details

Overview

  • Speedway Addition No. 1 Subdivision
  • The community has rules related to deed restrictions

Building Details

  • Insurance Expense $726
  • Maintenance Expense $455
  • Water Sewer Expense $645
  • Gross Income $26,580
  • Net Operating Income $22,768

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,986

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 3 Plex
  • Style: Contemporary
  • Technology: Cable TV, High Speed Internet
  • Accessibility Options: None
  • Legal Description: Speedway No 1 W2 S70' Lot 7 Blk 12
  • Attached Detached: Attached
  • List Price per Sq Ft: 179.40
  • Subdivision Restrict C C And Rs: Yes
  • Unit Info Average Monthly Rent Two Bedroom: 740.00
  • Unit Info Number Of Units2 B R: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Smoke Detector
  • Window Coverings: Stay
  • Floor Covering: Ceramic Tile
  • Gross Sq Ft: 2160.00
  • Bathroom Features: Shower & Tub/Hall
  • Breakfast: Eat-In
  • Dining Areas: Eat-In Kitchen
  • Dining Room: Area
  • Laundry Other: Outside storage room
  • Living Areas: Great Room
  • Extra Room: None
  • Kitchen Features: Electric Range, Refrigerator
  • Interior Steps: No

Exterior Features

  • Construction: Frame - Stucco
  • Construction Status: Existing
  • Driveway Paved: Asphalt
  • F E M A Flood Zone: No
  • Fence Other: Metal
  • Landscape Front: Low Care
  • Landscape Rear: Low Care
  • Patio Deck: Covered
  • Pool: None
  • Road Maintenance: City
  • Roof: Built-Up
  • Spa: None
  • View: None
  • Exterior Feature: None

Garage/Parking

  • Total Parking: 3

Utilities

  • Water: City Water
  • Water Heater: Electric
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: None
  • Main Cooling: Central Air
  • Main Heating: Heat Pump
  • Security Other: Gated
  • 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: Actual
  • Expenses Maintenance Supplies: 455.00
  • Expenses Taxes Assessments: 1985.54

Schools

  • School District: TUSD
  • Elementary School: Wright
  • Middle School: Doolen
  • High School: Catalina

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.24
  • Lot Dimensions: Unknown
  • Lot Features: North/South Exposure, Subdivided
  • Lot Size Price Sq Ft: 36.91
  • Lot Sq Ft: 10498.00
  • Lot Sz Sold Prc Sq Ft: 35.72
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1997

Rental Info

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

Tax Info

  • Tax Code: 122-13-198A
  • Taxes: 1985.54
  • Tax Year: 2021
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Doolen
  • Elementary School: Wright
  • High School: Catalina
  • School District: TUSD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 12, 2017
Sold by
Trakas Mike
Bought by
Ohana Kai Properties Llc
Current Estimated Value
$454,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 23, 2014
Sold by
Fannie Mae
Bought by
Trakas Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2010
Sold by
Stephens Lyle Thomas and Stephens Karolyn
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 3, 1997
Sold by
Lecocq Albert B and Lecocq Carolyn A
Bought by
Stephens Lyle Thomas and Stephens Karolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.81%
Mortgage Type
New Conventional
Source: Public Records

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
Ohana Kai Properties Llc $261,000 Title Security Agency Llc
Trakas Michael $155,000 Title Security Agency Llc
Trakas Michael $155,000 Title Security Agency Llc
Federal National Mortgage Association $136,517 Tfnti
Stephens Lyle Thomas $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Six On Sycamore Llc $587,000
Closed Ohana Kai Properties Llc $412,500
Previous Owner Ohana Kai Properties Llc $412,500
Previous Owner Trakas Michael $140,000
Previous Owner Stephens Lyle Thomas $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2022 07/06/22 Sold $375,000 -3.2% $174 / Sq Ft
05/28/2022 05/28/22 Pending -- -- --
05/25/2022 05/25/22 For Sale $387,500 +40.9% $179 / Sq Ft
12/22/2017 12/22/17 Sold $275,000 0.0% $127 / Sq Ft
11/22/2017 11/22/17 Pending -- -- --
08/04/2017 08/04/17 For Sale $275,000 -- $127 / 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 $2,106 $15,808 -- --
2023 $1,987 $15,055 $0 $0
2022 $1,997 $14,339 $0 $0
2021 $1,986 $13,005 $0 $0
2020 $1,925 $13,005 $0 $0
2019 $1,912 $12,468 $0 $0
2018 $1,978 $12,076 $0 $0
2017 $1,986 $12,076 $0 $0
2016 $2,049 $12,128 $0 $0
2015 $2,066 $12,180 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22213487

MLS of Southern Arizona

APN: 122-13-198A