$175,000
SOLD MAY 8, 2019
-- Bed
-- Bath
-- Sq Ft
0.39 Acres

Recently Sold

3% Below List Price

88 Days on Market

About This Home

As of February 2021

The seller has lined you up for SUCCE$$ with 100% occupancy at market rate rents PLUS an additional tenant contribution monthly toward utilities, NEW professional property management, fully remodeled with new roof and interiors 2 years ago, PLUS another $5K+ in new gas lines to each unit! $18,227.08 NOI, 8% Vacancy Rate and 10.19% Cap Rate! Each unit features 1 Bedroom, 1 Full Bathroom, and full sized Refrigerators and Stoves! Nice location close to schools, shopping, dining, Hwy 90 and just minutes from Fort Huachuca! Total sale includes 3 parcels #106-71-119, 106-71-120 and 106-71-120A. Cash or conventional financing only. Move on this one quickly, it won't last long! **Income & expense figures provided by seller and are based on CURRENT rent amounts and expenses!

Last Agent to Sell the Property

Steve Morton

Leagan Realty, LLC License #SA601464000 Listed on: 12/14/2018

Last Buyer's Agent

Steve Morton

Leagan Realty, LLC License #SA601464000 Listed on: 12/14/2018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,742

Year Built

1974

Lot Details

0

Listing Details

  • Cross Street: 7th St & Fry Blvd
  • Property Type: Multiple Dwellings
  • Zoning: MULTI FAM
  • Number Of Buildings: 1
  • Year Built: 1974
  • Tax Year: 2019
  • Directions: West on Fry to Canyon Dr, North about 1/2 mile to property on the left.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1486.0
  • Subdivision Name: SECOND ADD TO FRY LOT 24 BLK 11 7/98 LC SITE VALUE COCHISE, AZ
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Painted, Frame - Wood, Slump Block
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Slump Block: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Evaporative Cooling
  • Heating: Window/Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private Franchise
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 1770.0
  • Trash Expense: 720.0
  • Annual Water Sewer Expense: 420.0

Lot Info

  • Lot Size: 16779 SQ FT
  • Additional Parcels: Yes
  • Parcel #: 106-71-120

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 6
  • Electric Expense: 5048.0
  • Annual Gross Income: 34246.08
  • Insurance Expense: 2675.0
  • Property Net Operating Income: 18227.08
  • Annual Operating Expense: 15418.8
  • Vacancy Allowance Rate: 0.08

Tax Info

  • Tax Annual Amount: 2239.8
  • Tax Block: 11
  • Tax Book Number: 106.00
  • Tax Lot: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2020
Closed on
Feb 21, 2021
Sold by
Scott Jeremy D and Scott Kristal C
Bought by
Aa & Rg Llc
Seller's Agent
Michelle Hagele
Long Realty Company
Buyer's Agent
Jared Smith
HomeSmart
List Price
$350,000
Sold Price
$310,000
Premium/Discount to List
-$40,000
-11.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.53%
Original Mortgage
$237,617
Interest Rate
2.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 14, 2018
Closed on
May 6, 2019
Sold by
Morton Leon J
Bought by
Scott Jeremy D
Seller's Agent
Steve Morton
Leagan Realty, LLC
Buyer's Agent
Steve Morton
Leagan Realty, LLC
List Price
$179,900
Sold Price
$175,000
Premium/Discount to List
-$4,900
-2.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.15%
Original Mortgage
$138,500
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 2015
Sold by
Shade Babette D and Shade Michael
Bought by
Morton Leon Jay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
3.96%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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 $310,000 Pioneer Title Agency Inc
Special Warranty Deed $175,000 Fidelity Natl Ttl Tucson Coc
Warranty Deed $135,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $448,000 New Conventional
Closed $237,617 New Conventional
Closed $237,617 Commercial
Previous Owner $184,633 Commercial
Previous Owner $138,500 Commercial
Previous Owner $105,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2025 05/13/25 For Sale $575,000 +85.5% --
02/26/2021 02/26/21 Sold $310,000 -11.4% --
11/16/2020 11/16/20 For Sale $350,000 +100.0% --
05/08/2019 05/08/19 Sold $175,000 -1.6% --
05/01/2019 05/01/19 Price Changed $177,900 0.0% --
03/12/2019 03/12/19 Pending -- -- --
02/04/2019 02/04/19 Price Changed $177,900 -0.6% --
01/24/2019 01/24/19 Price Changed $178,900 -2.2% --
01/18/2019 01/18/19 Price Changed $182,900 +1.7% --
12/26/2018 12/26/18 For Sale $179,900 0.0% --
12/17/2018 12/17/18 Pending -- -- --
12/14/2018 12/14/18 For Sale $179,900 0.0% --
02/09/2018 02/09/18 Rented $425 +6.5% --
10/26/2017 10/26/17 Price Changed $399 -20.0% $1 / Sq Ft
10/14/2017 10/14/17 Price Changed $499 -13.2% $1 / Sq Ft
08/20/2017 08/20/17 For Rent $575 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $2,742 $21,737 $3,200 $18,537
2023 $2,713 $31,592 $4,800 $26,792
2022 $2,180 $24,121 $4,800 $19,321
2021 $2,237 $24,121 $4,800 $19,321
2020 $2,320 $0 $0 $0
2019 $2,357 $0 $0 $0
2018 $2,240 $0 $0 $0
2017 $2,194 $0 $0 $0
2016 $1,975 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5857518

Arizona Regional Multiple Listing Service (ARMLS)

APN: 106-71-120A