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

Sale Details

Date Sold: May 18, 2022

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

40 Days on Market

Highlights

  • 0.34 Acre Lot
  • Corner Lot
  • Breakfast Area or Nook
  • Sam Hughes Elementary Rated 10
  • Home Office
  • Skylights

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

Top Gun Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,139

Year Built

  • Built in 1948

Lot Details

  • 14,985 Sq Ft 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
  • Window Treatments
  • 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 and Shower Combination in Primary Bathroom
  • Primary Bathroom includes a Walk-In 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

0.34 Acres

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

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 12, 2024
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,032,500
Interest Rate
0.0722%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 3, 2023
Sold by
Bought by

Purchase Details

Listed on
Mar 24, 2022
Closed on
Apr 7, 2022
Sold by
Bought by
Seller's Agent
Jeremy Groch
Tierra Antigua Realty
Buyer's Agent
Jeremy Groch
Top Gun Realty, LLC
List Price
$565,000
Sold Price
$527,600
Premium/Discount to List
-$37,400
-6.62%

Purchase Details

Closed on
May 10, 1996
Sold by
Bought by

Purchase Details

Closed on
Mar 2, 1994
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,475,000 Title Security Agency
$1,475,000 Title Security Agency
$1,047,600 Title Security Agency
$130,000 --
$110,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $486,700
Closed $1,032,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $3,471 $27,557 -- --
2025 $3,471 $26,244 -- --
2024 $3,139 $24,995 -- --
2023 $3,139 $23,804 -- --
2022 $3,158 $22,671 $0 $0
2021 $3,139 $20,563 $0 $0
2020 $3,044 $29,883 $0 $0
2019 $3,004 $31,283 $0 $0
2018 $2,938 $17,763 $0 $0
2017 $2,921 $17,763 $0 $0
2016 $2,870 $16,917 $0 $0
2015 $2,779 $16,112 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 22207504

MLS of Southern Arizona
Your Personal Tour Guide

Ask me questions while you tour the home.