NOT LISTED FOR SALE

Estimated Value: $338,000 - $565,892

Studio
2 Baths
1,600 Sq Ft
$275/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $300,000 $188 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $2,475/month

43 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Skylights
  • Hydromassage or Jetted Bathtub
  • Covered Patio or Porch
  • Eat-In Kitchen

About This Home

As of October 2021

Fantastic investment opportunity located convenient to the University of Arizona, downtown, and all the amenities central Tucson has to offer. This charming duplex consists of two 800 sq ft units, 2 bed, 1 bath. Recent updates include fresh exterior paint, duct work, bathroom shower tile, kitchen tile flooring, and interior paint. Low maintenance stained concrete floors in both units. Each unit has a small private yard and utility closet for laundry and additional storage. Showings available with 48 hour notice to tenants upon contract acceptance.

Last Agent to Sell the Property

Aaron Wilson

Real Broker License #BR555101000 Listed on: 07/12/2021

Real Broker

Last Buyer's Agent

John Wertheim

Tierra Antigua Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 50 Sq Ft Lot
  • Lot Dimensions are 140' x 42.86
  • Property fronts an alley
  • Wood Fence
  • Shrub

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Contemporary Architecture
  • Rolled or Hot Mop Roof

Interior Spaces

  • 1,600 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Skylights
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Window Treatments
  • Living Room

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Formica Countertops

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • Dual Vanity Sinks in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Secondary bathroom tub or shower combo
  • Primary Bathroom includes a Walk-In Shower
  • Exhaust Fan In Bathroom

Home Security

  • Security Lights
  • Fire and Smoke Detector

Schools

  • Robison Elementary School
  • Mansfeld Middle School
  • Tucson High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Phone Available
  • Satellite Dish

Additional Features

  • Covered Patio or Porch
  • Ground Level

Listing and Financial Details

  • $1,860 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • The community has rules related to deed restrictions

Amenities

  • No Laundry Facilities

Building Details

  • Water Sewer Expense $1,740
  • New Taxes Expense $1,860
  • Operating Expense $3,600
  • Gross Income $18,600
  • Net Operating Income $15,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Horses: No
  • Lot Size: 140' X 42.86
  • Road Surface Type: Paved
  • CapRate: 5.0
  • Co List Office Mls Id: 478313
  • Co List Office Phone: 520-615-8400
  • Co List Office Mls Id: 478313
  • Subdivision Name: Sunnyside Addition
  • General Property Information: List Price/SqFt: 187.5
  • General Property Information: Lot Size Price/SqFt: 50.0
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Bath Exhaust Out, Energy Star Windows
  • Kitchen Features Appliance Color: White
  • Kitchen Features Countertops: Formica
  • Kitchen Features Pantry: Cabinet
  • Interior Steps: No
  • Appliances: Double Sink, Electric Range, Refrigerator
  • Window Features: Double Pane Windows

Exterior Features

  • ExteriorFeatures: None
  • Roof: Rolled
  • View: Residential
  • Construction Type: Slump Block
  • Patio And Porch Features: Covered, Patio

Garage/Parking

  • Parking Features: None

Utilities

  • Electric Electric Company: TEP
  • Utilities: Sewer Connected, Phone Connected
  • Laundry Features: None
  • Cooling: Ceiling Fan(s), Central Air
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Taxes Assessments: 1860.0
  • Annual Water Sewer Expense: 1740.0

Schools

  • Junior High Dist: TUSD
  • Middle Or Junior School: Mansfeld

Lot Info

  • Lot Features: Adjacent to Alley
  • Lot Size Sq Ft: 50.0
  • Zoning: Tucson - R2

Building Info

  • Year Built: 1985

Rental Info

  • Utilities Paid Trash: Owner

Tax Info

  • Tax Year: 2020
  • New Taxes Expense: 1860.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 18600.0
  • Property Net Operating Income: 15000.0
  • Annual Operating Expense: 3600.0

MLS Schools

  • Elementary School: Robison
  • High School: Tucson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2021
Closed on
Oct 26, 2021
Sold by
Motz Roberto Federico and Motz Cindy Ellen
Bought by
Lhc 102 Llc
Seller's Agent
Aaron Wilson
Real Broker
Buyer's Agent
John Wertheim
Tierra Antigua Realty
List Price
$300,000
Sold Price
$300,000
Current Estimated Value
$439,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,473
Avg. Annual Appreciation
9.49%

Purchase Details

Closed on
Nov 24, 2003
Sold by
Perez Niceforo and Perez Carmen
Bought by
Motz Roberto F and Motz Cindy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,400
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2002
Sold by
Clark Donald E and Clark Jocelyn K
Bought by
Juarez Niceforo Perez and Perez Carmen A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lhc 102 Llc $300,000 Catalina Title Agency
Lhc 102 Llc $300,000 Catalina Title Agency
Motz Roberto F $134,900 --
Motz Roberto F $134,900 --
Juarez Niceforo Perez $80,000 --
Juarez Niceforo Perez $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Motz Roberto F $121,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2021 10/29/21 Sold $300,000 0.0% $188 / Sq Ft
09/29/2021 09/29/21 Pending -- -- --
07/12/2021 07/12/21 For Sale $300,000 -- $188 / 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
2025 $2,121 $16,037 -- --
2024 $1,918 $15,274 -- --
2023 $1,918 $14,546 -- --
2022 $1,930 $13,854 $0 $0
2021 $1,918 $12,566 $0 $0
2020 $1,860 $16,361 $0 $0
2019 $1,835 $15,753 $0 $0
2018 $1,795 $10,855 $0 $0
2016 $1,743 $10,338 $0 $0
2015 $1,670 $9,845 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22117936

MLS of Southern Arizona

APN: 124-11-122C