$430,000
SOLD JUN 21, 2024
4 Beds
2 Baths
2,232 Sq Ft
0.31 Acres

Recently Sold

$193 Per Sq Ft

2% Below List Price

37 Days on Market

Highlights

  • RV Parking in Community
  • Covered patio or porch
  • Double Pane Windows
  • Ranch Style House
  • Breakfast Area or Nook
  • Bathtub with Shower

About This Home

As of June 2024

Turnkey duplex with fantastic cap rate. Remodeled 2 bedroom and 1 bath units offer AC, polished concrete floors, updated bathrooms, in-unit laundry rooms, and mountain views. Modern accents & lighting, an expansive front porch, and metal perimeter fence make this a stylish addition to any investment portfolio. Additional spacious room with separate entrance provides storage but could be used as an owner office or bring in more income. Masonry construction, ample parking, private yards, and convenient midtown location. Just a short distance to TMC, shopping, and the Loop. Tenants pay all utilities except water. One owner is a licensed realtor in the state of Arizona.

Last Agent to Sell the Property

Eliza Dray

Long Realty Listed on: 05/14/2024

Long Realty

Last Buyer's Agent

Allan Honda

Long Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,949

Year Built

  • Built in 1975

Lot Details

  • 0.31 Acre Lot
  • Paved or Partially Paved Lot
  • Back and Front Yard

Home Design

  • Duplex
  • Ranch Style House
  • Built-Up Roof

Interior Spaces

  • Bathtub with Shower
  • 2,232 Sq Ft Home
  • Double Pane Windows
  • Combination Dining and Living Room
  • Storage Room
  • Concrete Flooring
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Electric Range

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • Gravel Driveway

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • High Speed Internet

Additional Features

  • North or South Exposure
  • Covered patio or porch
  • Ground Level

Listing and Financial Details

  • $1,949 special tax assessment

Community Details

Overview

  • Madelyn Park Subdivision
  • The community has rules related to deed restrictions
  • RV Parking in Community

Building Details

  • Insurance Expense $1,388
  • Water Sewer Expense $1,795
  • Gross Income $35,400
  • Net Operating Income $30,268

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,949

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 2 Plex
  • Style: Ranch
  • Technology: High Speed Internet
  • Accessibility Options: None
  • Legal Description: From Parcel:001010010 /S90' Of N300' Of W148' Of E188' Of N2 Of Se4 Of Ne4 .41 Ac Sec 3-14-14
  • Attached Detached: Attached
  • List Price per Sq Ft: 197.09
  • Subdivision Restrict C C And Rs: No
  • Unit Info Number Of Units2 B R: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Dual Pane Windows, Smoke Detector, Storage
  • Window Coverings: None
  • Floor Covering: Concrete
  • Gross Sq Ft: 2232.00
  • Bathroom Features: Shower & Tub/Hall
  • Breakfast: Area
  • Dining Areas: Dining in LR/GR
  • Dining Room: Area
  • Living Areas: Living Room
  • Laundry: Dryer Included, Laundry Room, Storage, Washer Included
  • Extra Room: Storage
  • Kitchen Features: Electric Range
  • Interior Steps: No

Exterior Features

  • Construction: Slump Block
  • Construction Status: Existing
  • Driveway Paved: Gravel
  • 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 - Reflect
  • Spa: None
  • View: None
  • Exterior Feature: None

Garage/Parking

  • Rv Parking: Space Available
  • Total Parking: 6

Utilities

  • Water: City Water
  • Water Heater: Natural Gas
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Main Cooling: Central Air
  • 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: Paved Street, Sidewalks

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Taxes Assessments: 1949.00

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: 0.31
  • Lot Dimensions: 89*152*89*151
  • Lot Features: North/South Exposure, Subdivided
  • Lot Size Price Sq Ft: 32.58
  • Lot Sq Ft: 13504.00
  • Lot Sz Sold Prc Sq Ft: 31.84
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1975

Rental Info

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

Tax Info

  • Tax Code: 122-01-043B
  • Taxes: 1949.47
  • Tax Year: 2023
  • 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
May 14, 2024
Closed on
Jun 20, 2024
Sold by
Las Amistades Llc
Bought by
Rathore Sulaiman Aziz and Perverze Zeeshan
Seller's Agent
Eliza Dray
Long Realty
Buyer's Agent
Allan Honda
Long Realty
List Price
$439,900
Sold Price
$430,000
Premium/Discount to List
-$9,900
-2.25%
Total Days on Market
37
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.06%
Original Mortgage
$225,000
Outstanding Balance
$218,115
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$207,422

Purchase Details

Closed on
Aug 29, 2022
Sold by
Lancaster Jordan and Lancaster Teresa Danielle
Bought by
Las Amistades Llc

Purchase Details

Listed on
Apr 15, 2021
Closed on
Sep 8, 2021
Sold by
Wong Mamie T
Bought by
Lancaster Jordan and Lancaster Teresa Danielle
Seller's Agent
Jenna Loving
Russ Lyon Sotheby's International Realty
Buyer's Agent
Eliza Dray
Keller Williams Southern Arizona
List Price
$283,750
Sold Price
$283,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.38%

Purchase Details

Closed on
Jul 20, 2019
Sold by
George T & Herminia Ley Wong Trust
Bought by
Wong Mamie T

Purchase Details

Closed on
Jan 11, 2008
Sold by
Reiss Herminia and Wong Herminia L
Bought by
Ley Wong Herminia

Purchase Details

Closed on
Oct 30, 1998
Sold by
Riess Eli B and Riess Catherine M
Bought by
Wong Herminia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
6.6%
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 Type Sale Price Title Company
Warranty Deed $430,000 First American Title Insurance
Warranty Deed $567,500 Title Security Agency
Warranty Deed $283,750 Title Security Agency Llc
Quit Claim Deed -- Title Security Agency
Warranty Deed -- Title Security Agency
Quit Claim Deed -- Title Security Agency
Warranty Deed -- Title Security Agency
Quit Claim Deed -- Title Security Agency
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $125,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $225,000 New Conventional
Previous Owner $87,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2025 05/31/25 For Rent $1,600 0.0% --
06/21/2024 06/21/24 Sold $430,000 -2.3% $193 / Sq Ft
06/20/2024 06/20/24 Pending -- -- --
05/14/2024 05/14/24 For Sale $439,900 +55.0% $197 / Sq Ft
09/10/2021 09/10/21 Sold $283,750 0.0% $127 / Sq Ft
08/11/2021 08/11/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $283,750 -- $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 $1,949 $15,507 -- --
2023 $1,949 $14,769 $0 $0
2022 $1,959 $14,065 $0 $0
2021 $1,948 $12,758 $0 $0
2020 $1,888 $14,644 $0 $0
2019 $1,864 $13,507 $0 $0
2018 $1,823 $11,021 $0 $0
2017 $1,813 $11,021 $0 $0
2016 $1,770 $10,496 $0 $0
2015 $1,716 $9,996 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22411999

MLS of Southern Arizona

APN: 122-01-043B