NOT LISTED FOR SALE
5 Beds
4 Baths
2,467 Sq Ft
0.34 Acres

Last Sold May 18, 2022

Last sale price $527,600 $214 Per Sq Ft

40 Days on Market

Highlights

  • 0.34 Acre Lot
  • Home Office
  • Skylights
  • Corner Lot
  • Breakfast Area or Nook
  • Walk-In Closet

About This Home

As of May 2022

NO SHOWINGS UNTILL ACCEPTED CONTRACT!! DO NOT DISTURB TENANTS! Excellent multi-family income property for sale! 5 total rental units on this property. Units range from 1 bedroom & 1 bath to 2 bedroom & 1 bath. Large corner lot at .34 acres gives lots of additional potential for a buyer. 1948 built an 2,467 sq/ft. Has onsite laundry & off street parking. Just south of UofA! Rents currently below market value with room to improve! Actual CAP rate is 3.8%. Estimated Proforma CAP Rate is 5.9% when adjusting rents to estimated current market value.

Last Agent to Sell the Property

Jeremy Groch

Tierra Antigua Realty Listed on: 03/24/2022

Tierra Antigua Realty

Co-Listed By

Jackie Groch

Tierra Antigua Realty

Last Buyer's Agent

Jeremy Groch

Tierra Antigua Realty Listed on: 03/24/2022

Tierra Antigua Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,139

Year Built

  • Built in 1948

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 99 x 148 x 98 x 148
  • Wood Fence
  • Block Wall Fence
  • Corner Lot

Home Design

  • Triplex
  • Bungalow
  • Shingle Roof
  • Built-Up Roof
  • Masonry

Interior Spaces

  • 2,467 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Skylights
  • Living Room
  • Home Office
  • Laundry Located Outside

Kitchen

  • Breakfast Area or Nook
  • Gas Oven
  • Gas Range

Flooring

  • Concrete
  • Ceramic Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Pedestal Sink
  • Bathtub with Shower

Parking

  • 5 Parking Spaces
  • Gravel Driveway

Location

  • Ground Level
  • Flood Zone Lot

Schools

  • Sam Hughes Elementary School
  • Mansfeld Middle School
  • Tucson High School

Utilities

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

Additional Features

  • North or South Exposure
  • Patio

Listing and Financial Details

  • $3,139 special tax assessment

Community Details

Overview

  • Bingham Addition Subdivision
  • The community has rules related to deed restrictions

Amenities

  • Laundry Facilities

Building Details

  • Fuel Expense $785
  • Insurance Expense $1,097
  • Professional Management Expense $3,210
  • Water Sewer Expense $2,272
  • Gross Income $32,100
  • Net Operating Income $21,597

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,139

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 3 Plex
  • Style: Bungalow
  • Technology: Cable TV, High Speed Internet, Telephone
  • Accessibility Options: None
  • Legal Description: From Parcel:001010010 /Bingham Lots 12 & 13 Blk 1
  • Attached Detached: Attached
  • List Price per Sq Ft: 229.02
  • Subdivision Restrict C C And Rs: No
  • Unit Info Average Monthly Rent One Bedroom: 443.75
  • Unit Info Average Monthly Rent Two Bedroom: 900.00
  • Unit Info Number Of Units1 B R: 4
  • Unit Info Number Of Units2 B R: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Skylights, Walk In Closets
  • Window Coverings: Stay
  • Floor Covering: Ceramic Tile, Concrete
  • Gross Sq Ft: 2467.00
  • Bathroom Features: Pedestal Sink(s), Shower & Tub/Primary, Shower Only/Primary
  • Primary Bathroom Countertops: laminate
  • Breakfast: Nook
  • Dining Areas: Breakfast Nook
  • Dining Room: None
  • Kitchen Features Appliance Color: Almond
  • Kitchen Features Countertops: Tile, laminate
  • Kitchen Features Oven: Gas
  • Living Areas: Living Room
  • Laundry: Facility, Outside
  • Extra Room: Office
  • Kitchen Features: Gas Range, Refrigerator
  • Interior Steps: No

Exterior Features

  • Construction: Masonry Stucco
  • Construction Status: Existing
  • Driveway Paved: Gravel
  • F E M A Flood Zone: No
  • Fence: Stucco Finish, Wood
  • Landscape Front: None
  • Landscape Rear: None
  • Patio Deck: Patio
  • Pool: None
  • Road Maintenance: City
  • Roof: Built-Up - Reflect, Shingle
  • Spa: None
  • View: Residential
  • Exterior Feature: None

Garage/Parking

  • Total Parking: 5

Utilities

  • Water: City Water
  • Water Heater: Natural Gas
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Main Cooling: Central Air, Window Unit(s)
  • Main Heating: Forced Air
  • Security: None
  • 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 Gas Electric: 784.63
  • Expenses Taxes Assessments: 3139.27

Schools

  • School District: TUSD
  • Elementary School: Sam Hughes
  • Middle School: Mansfeld
  • High School: Tucson

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.34
  • Lot Dimensions: 99 X 148 X 98 X 148
  • Lot Features: Corner Lot, North/South Exposure
  • Lot Size Price Sq Ft: 37.70
  • Lot Sq Ft: 14985.00
  • Lot Sz Sold Prc Sq Ft: 35.21
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: Yes

Building Info

  • Year Built: 1948

Rental Info

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

Tax Info

  • Tax Code: 124-09-0130
  • Taxes: 3139.27
  • Tax Year: 2021
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Mansfeld
  • Elementary School: Sam Hughes
  • High School: Tucson
  • School District: TUSD

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2022 05/18/22 Sold $527,600 -6.6% $214 / Sq Ft
05/03/2022 05/03/22 Pending -- -- --
03/24/2022 03/24/22 For Sale $565,000 -- $229 / Sq Ft
Source: MLS of Southern Arizona

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22207504

MLS of Southern Arizona