NOT LISTED FOR SALE
8 Beds
8 Baths
6,241 Sq Ft
0.44 Acres

Last Sold May 09, 2024

Last sale price $850,000 $136 Per Sq Ft

Highlights

  • 0.44 Acre Lot
  • Breakfast Area or Nook
  • Enclosed Patio or Porch
  • Contemporary Architecture
  • Family Room Off Kitchen
  • Bathtub with Shower

About This Home

As of May 2024

Ralph Townhomes, is the perfect value-add opportunity that allows for long term appreciation and value growth. This property consist of large 2bd/2ba units located in Central Tucson, surrounded by both shopping and entertainment. The asset has clear value-add potential attainable through interior & exterior renovations and rental increases. The attractive seller financing offers additional financial upside and a smoother transaction.These units have been owned by the same family ever since the duplexes were built, so they have immense pride of ownership.The complex consists of 5 well-designed two-bedroom/two-bath apartment units. The large layouts provide opportunity for a diverse tenant mix.

Last Agent to Sell the Property

Jim Storey

Long Realty Brokerage Phone: (520) 977-6311 Listed on: 05/09/2024

Long Realty

Last Buyer's Agent

Jim Storey

Long Realty Brokerage Phone: (520) 977-6311 Listed on: 05/09/2024

Long Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,492

Year Built

  • Built in 1952

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 193x102x193x103
  • Chain Link Fence
  • Shrub
  • Paved or Partially Paved Lot
  • Landscaped with Trees
  • Back and Front Yard

Home Design

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

Interior Spaces

  • Bathtub with Shower
  • 6,241 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Family Room Off Kitchen
  • Dining Room
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Oven
  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 11 Parking Spaces
  • Driveway

Location

  • Ground Level
  • Flood Zone Lot

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • North or South Exposure
  • Enclosed Patio or Porch

Listing and Financial Details

  • $4,503 special tax assessment

Community Details

Overview

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

Building Details

  • Fuel Expense $281
  • Insurance Expense $3,337
  • Maintenance Expense $2,321
  • Professional Management Expense $4,320
  • Gross Income $72,237
  • Net Operating Income $56,663

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,492

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 4 Plex
  • Style: Contemporary
  • Technology: Cable TV, High Speed Internet
  • Accessibility Options: None
  • Legal Description: From Parcel:001010010 /Towner Lot 33
  • Attached Detached: Attached
  • List Price per Sq Ft: 136.20
  • Subdivision Restrict C C And Rs: No
  • Unit Info Number Of Units2 B R: 4
  • Attribution Contact: (520) 977-6311
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Smoke Detector
  • Window Coverings: Stay
  • Floor Covering: Carpet, Ceramic Tile
  • Gross Sq Ft: 6241.00
  • Bathroom Features: Shower & Tub/Hall, Shower & Tub/Primary
  • Breakfast: Nook
  • Dining Areas: Breakfast Nook
  • Dining Room: Area
  • Kitchen Features Oven: 1
  • Living Areas: Family Room, Off Kitchen
  • Laundry: Laundry Room
  • Extra Room: None
  • Kitchen Features: Dishwasher, 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: Yes
  • Fence: Chain Link
  • Landscape Front: Low Care
  • Landscape Rear: Low Care, Shrubs, Trees
  • Patio Deck: Enclosed
  • Pool: None
  • Road Maintenance: City
  • Roof: Shingle
  • Spa: None
  • View: None
  • Exterior Feature: None

Garage/Parking

  • Total Parking: 11

Utilities

  • Water: City Water
  • Water Heater: Electric
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Main Cooling: Ceiling Fan(s), Central Air
  • Main Heating: Forced Air, Natural Gas
  • Security: None
  • Sewer: Connected

Condo/Co-op/Association

  • Association Amenities: None
  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: Yes
  • Neighborhood Features: Paved Street

Fee Information

  • Expenses Contract Services: 812.00
  • Expenses Figures Presented: Actual
  • Expenses Gas Electric: 281.00
  • Expenses Maintenance Supplies: 2321.00
  • Expenses Taxes Assessments: 4503.00

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: 0.44
  • Lot Dimensions: 193x102x193x103
  • Lot Features: North/South Exposure, Subdivided
  • Lot Size Price Sq Ft: 44.76
  • Lot Sq Ft: 18992.00
  • Lot Sz Sold Prc Sq Ft: 44.76
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1952

Rental Info

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

Tax Info

  • Tax Code: 122-05-0400
  • Taxes: 4492.28
  • Tax Year: 2023
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Doolen
  • Elementary School: Wright
  • High School: Catalina
  • 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
05/09/2024 05/09/24 Sold $850,000 0.0% $136 / Sq Ft
05/09/2024 05/09/24 Pending -- -- --
05/09/2024 05/09/24 For Sale $850,000 0.0% $136 / Sq Ft
06/14/2014 06/14/14 Rented $810 0.0% --
06/14/2014 06/14/14 For Rent $810 -- --
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: 22411634

MLS of Southern Arizona