NOT LISTED FOR SALE

2304 N Forgeus Ave Tucson, AZ 85716

Blenman-Elm Neighborhood
8 Beds
7 Baths
1,285 Sq Ft
1976 Built

Last Sold April 01, 2021

Last sale price $635,000 $494 Per Sq Ft

29 Days on Market

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas

About This Home

As of April 2021

Seven unit apartment complex comprised of two buildings. Building one is four 1/1 units and one 2/1 (owner occupied) unit. Building two is a 1/1 house on the back of the lot with an attached studio/one bedroom unit with a carport. Large lot with a lot of parking and room for additional units. All units include private fenced rear yards with washer dryer hook ups on the patio. The house has central AC/Heat with the other units having a combo of AC wall units and evaporative cooling with electric heating. The property is currently owner occupied and is very well maintained. rents are substantially below market with all month to month tenants, rents can easily be raised. Do not disturb the tenants, call listing agent for a showing. rent roll and financials are attached under documents tab.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 01/27/2021

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,346

Year Built

  • Built in 1976

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces
  • Carport
  • Over 1 Space Per Unit

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for water, sewer
  • Legal Lot and Block 00002 / 003
  • Assessor Parcel Number 123-02-066

Community Details

Overview

  • 2 Buildings
  • 7 Units
  • Building Dimensions are 80x298
  • New Deal Acres Subdivision

Building Details

  • Operating Expense $18,000
  • Gross Income $58,995
  • Net Operating Income $41,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,346

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Cross Street: Tucson Blvd & Grant Rd
  • Legal Info Range: 14
  • Property Type: Multiple Dwellings
  • Zoning: R2
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1976
  • Tax Year: 2020
  • Directions: Traveling north on Tucson Blvd, turn right (east) onto Grant Rd, right onto N Forgeus Ave, units will be on the left (east) side of street.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4130.0
  • Subdivision Name: NEW DEAL ACRES
  • Construction Brick: Yes
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Wood Frame, Stucco, Brick
  • Roof: Built-Up

Garage/Parking

  • Parking Features: >1 Space Per Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 15.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking Features:Carport: Yes
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central Air, Evaporative Cooling, Window/Wall Unit
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 4408.0

Lot Info

  • Lot Size: 80x298
  • Additional Parcels: No
  • Parcel #: 123-02-066

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 7
  • Electric Expense: 1200.0
  • Annual Gross Income: 58995.0
  • Insurance Expense: 2066.0
  • Maintenance Expense: 2850.0
  • Property Net Operating Income: 41000.0
  • Annual Operating Expense: 18000.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3346.0
  • Tax Block: 003
  • Tax Book Number: 123.00
  • Tax Lot: 00002

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
04/01/2021 04/01/21 Sold $635,000 -2.2% $494 / Sq Ft
01/27/2021 01/27/21 For Sale $649,000 -- $505 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steve Fowler

    Seller's Agent in 2021

    Steve Fowler

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 430-5843

    1 in this area

    64 Total Sales

    Section Image

  • N

    Buyer's Agent in 2021

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6186429

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Pima County Tucson 85716 Blenman-Elm

2304 N Forgeus Ave, Tucson, AZ

This home is located at 2304 N Forgeus Ave, Tucson, AZ 85716 since 27 January 2021. This property was built in 1976. 2304 N Forgeus Ave is a home located in Pima County with nearby schools including Blenman Elementary School, Doolen Middle School, and Catalina High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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