NOT LISTED FOR SALE

Estimated Value: $593,000 - $849,613

10 Beds
8 Baths
5,454 Sq Ft
$137/Sq Ft Est. Value

Last Sold May 10, 2021

Last sale price $650,000 $119 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,427/month

22 Days on Market

Highlights

  • 0.37 Acre Lot
  • Corner Lot
  • Workshop
  • Contemporary Architecture
  • Covered Patio or Porch
  • Skylights

About This Home

As of May 2021

Amazing income property opportunity in central Tucson. This 4 plex offers 2 - 2 bedroom and 2 - 3 bedroom units. Each has 2 carports, laundry closets and separate fenced yards. Always rented and there is definitely room for rent to increase. 2 units are on month to month, one expires in July, the other March 2022. These have been family owned since they were built and it shows! Walk in closets in the 3 bedroom units, as well as workshops and split bedroom plan. These units have been maintained meticulously.

Last Agent to Sell the Property

Donna Moore

Berkshire Hathaway Homeservices Premier Properties Listed on: 03/28/2021

Co-Listed By

Marc Adams

Berkshire Hathaway Homeservices Premier Properties

Last Buyer's Agent

Laura Grijalva

Grijalva Realty Corp.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,806

Year Built

  • Built in 1987

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 120x135x121x136
  • Wood Fence
  • Corner Lot
  • Garden
  • Back Yard

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Frame With Stucco
  • Shingle Roof

Interior Spaces

  • 5,454 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Skylights
  • Double Pane Windows
  • Bay Window
  • Living Room
  • Dining Room
  • Workshop
  • Laundry closet

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • Split Bedroom Floorplan
  • Walk-In Closet
  • Bathtub with Shower

Parking

  • 8 Parking Spaces
  • Carport
  • Driveway

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Ground Level

Listing and Financial Details

  • $3,805 special tax assessment

Community Details

Overview

  • Paloma Subdivision
  • The community has rules related to deed restrictions

Building Details

  • Insurance Expense $2,166
  • Gross Income $47,340
  • Net Operating Income $41,369

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,806

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 4 Plex
  • Style: Contemporary
  • Technology: Cable TV, Pre-Wired Tele Lines
  • Accessibility Options: None
  • Legal Description: From parcel:1220070460/Paloma Lots 9 & 10 Blk 3
  • Attached Detached: Attached
  • List Price per Sq Ft: 127.43
  • Subdivision Restrict C C And Rs: Yes
  • Unit Info Average Monthly Rent Two Bedroom: 898.00
  • Unit Info Average Monthly Rent Three Bedroom: 1075.00
  • Unit Info Number Of Units2 B R: 2
  • Unit Info Number Of Units3 B R: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Bay Window, Ceiling Fan(s), Dual Pane Windows, Skylights, Split Bedroom Plan, Walk In Closets, Workshop
  • Window Coverings: Stay
  • Floor Covering: Carpet, Ceramic Tile, Vinyl
  • Gross Sq Ft: 5454.00
  • Bathroom Features: Shower & Tub/Hall, Shower Only/Primary
  • Breakfast: Eat-In
  • Dining Areas: Eat-In Kitchen
  • Dining Room: Area
  • Kitchen Features Appliance Color: Almond
  • Kitchen Features Pantry: Cabinet
  • Living Areas: Living Room
  • Laundry: Laundry Closet
  • Extra Room: None
  • Kitchen Features: Dishwasher, Double Sink, Electric Range, Garbage Disposal, Refrigerator
  • Interior Steps: No

Exterior Features

  • Construction: Frame - Stucco
  • Construction Status: Existing
  • Driveway Paved: Asphalt
  • F E M A Flood Zone: No
  • Fence: Wood
  • Landscape Front: Flower Beds
  • Landscape Rear: Decorative Gravel, Low Care
  • Patio Deck: Covered, Patio
  • Pool: None
  • Road Maintenance: City
  • Roof: Shingle
  • Spa: None
  • View: None
  • Exterior Feature: None

Garage/Parking

  • Total Parking: 8

Utilities

  • Water: City Water
  • Water Heater: Electric
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: None
  • Main Cooling: Heat Pump
  • Main Heating: Heat Pump
  • Security Other: Front security doors
  • Sewer: Connected
  • Water Company: City of Tucson

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: Yes
  • Neighborhood Features: Sidewalks, Street Lights

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Taxes Assessments: 3805.00

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: 0.37
  • Lot Dimensions: 120x135x121x136
  • Lot Features: Corner Lot
  • Lot Size Price Sq Ft: 43.12
  • Lot Sq Ft: 16117.00
  • Lot Sz Sold Prc Sq Ft: 40.33
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1987

Rental Info

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

Tax Info

  • Tax Code: 122-07-047A
  • Taxes: 3805.88
  • Tax Year: 2020
  • 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

Listed on
Mar 28, 2021
Closed on
Apr 24, 2021
Sold by
Brooke Hansen And Diane Habsen Living Tr and Hansen Brooke
Bought by
Ghanbari Nasrin
Seller's Agent
Donna Moore
Berkshire Hathaway Homeservices Premier Properties
Buyer's Agent
Laura Grijalva
Grijalva Realty Corp.
List Price
$650,000
Sold Price
$650,000
Total Days on Market
22
Current Estimated Value
$748,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,871
Avg. Annual Appreciation
5.47%

Purchase Details

Closed on
Sep 9, 2016
Sold by
Hansen Brooke N and Hansen Brooke
Bought by
Hansen Brooke and Hansen Diane

Purchase Details

Closed on
Aug 28, 2013
Sold by
Hansen Mark E
Bought by
Wilcox Genie A

Purchase Details

Closed on
Jun 24, 2013
Sold by
Hansen Mark E
Bought by
Hansen Brooke N and Taylor Susan A

Purchase Details

Closed on
May 21, 1994
Sold by
Wilcox Genie Ann
Bought by
Hansen M Neal
Source: Public Records

Range of Values:

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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
Ghanbari Nasrin -- Title Security Agency
Wilcox Genie A -- Title Security Agency
Hansen Brooke -- None Available
Wilcox Genie A -- None Available
Wilcox Genie A -- None Available
Hansen Brooke N -- None Available
Hansen M Neal -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2021 05/10/21 Sold $650,000 0.0% $119 / Sq Ft
04/10/2021 04/10/21 Pending -- -- --
03/28/2021 03/28/21 For Sale $650,000 -- $119 / 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 $4,164 $32,814 -- --
2024 $4,164 $31,251 -- --
2023 $3,929 $29,763 $0 $0
2022 $3,948 $28,346 $0 $0
2021 $3,925 $25,711 $0 $0
2020 $3,806 $30,459 $0 $0
2019 $3,756 $25,164 $0 $0
2018 $3,673 $22,210 $0 $0
2017 $3,653 $22,210 $0 $0
2016 $3,566 $21,152 $0 $0
2015 $3,473 $20,232 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22108099

MLS of Southern Arizona

APN: 122-07-047A