NOT LISTED FOR SALE

Estimated Value: $272,275 - $322,000

Studio
-- Bath
24,301 Sq Ft
$12/Sq Ft Est. Value

Sale Details

Date Sold: August 8, 2013

Last sale price $700,000 $29 Per Sq Ft

Current estimated payment $1,561 / mo

77 Days on Market

About This Home

As of August 2013

This package is made up of 15 duplexes and 1 single family residence built mostly in 1952-53 with a few built in 48. Properties have had only 2 owners since built and have been privately managed and operated since the beginning. This is a property that can generate a great return long term as well as great cash-on-cash returns right now. At 47K per bldg you're looking at instant equity where an investor could buy this package, hold it for 5 years and sell individual for really nice profits. DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

Robert Grant

Keller Williams Southern Arizona Listed on: 05/23/2013

Last Buyer's Agent

Non Member

TUCSON ASSOCIATION OF REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $831

Year Built

  • Built in 1952

Lot Details

  • 3.16 Acre Lot

Home Design

  • 24,301 Sq Ft Home
  • Concrete Block And Stucco Construction

Utilities

  • Forced Air Heating and Cooling System
  • Evaporated cooling system

Community Details

Overview

  • Sunland Gardens Subdivision

Building Details

  • Gross Income $182,250
  • Net Operating Income $118,462

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$831

Year Built

Built in 1952

Lot Details

3.16 Acres

Listing Details

  • Property Type: Multi Family
  • Legal Description: SUNLAND GARDENS AMENDED LOT 101
  • List Price per Sq Ft: 30.95
  • Unit Info Average Monthly Rent One Bedroom: 400.00
  • Unit Info Average Monthly Rent Two Bedroom: 550.00
  • Unit Info Avg Mo Rent Other: 975.00
  • Unit Info Number Of Units1 B R: 4
  • Unit Info Number Of Units2 B R: 26
  • Unit Info Number Of Units Other: 1
  • Unit Info Number Of Units Studios: 31
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Gross Sq Ft: 24301.00

Exterior Features

  • Construction: Concrete Block

Utilities

  • Water: City Water
  • Fire Protection: Included in Taxes
  • Main Cooling: Central Air, Evaporative Cooling
  • Main Heating: Electric, Forced Air
  • Security: None
  • Sewer: Connected

Condo/Co-op/Association

  • Community: None

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Other Expenses: 63788.00

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Lot Acres: 3.16
  • Lot Dimensions: Irregular
  • Lot Size Price Sq Ft: 5.47
  • Lot Sq Ft: 137513.00
  • Lot Sz Sold Prc Sq Ft: 5.09
  • Municipality Zoning: Tucson - R2

Building Info

  • Year Built: 1952

Tax Info

  • Tax Code: 132-11-1100
  • Taxes: 830.70
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 12, 2014
Sold by
Dynamic Growth Properties Llc
Bought by
Galindo Javier and Galindo Juana M
Current Estimated Value
$274,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,100
Outstanding Balance
$42,706
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$251,864

Purchase Details

Listed on
May 23, 2013
Closed on
Aug 5, 2013
Sold by
Alfonso Thomas and Alfonso Nancy Ann
Bought by
Dynamic Growth Properties Llc
Seller's Agent
Robert Grant
Keller Williams Southern Arizona
Buyer's Agent
Non Member
TUCSON ASSOCIATION OF REALTORS
List Price
$700,000
Sold Price
$700,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.53%
Original Mortgage
$180,000
Interest Rate
4.46%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Galindo Javier $76,230 First American Title Ins Co
Galindo Javier $76,230 First American Title Ins Co
Dynamic Growth Properties Llc $700,000 Empire West Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Galindo Javier $57,100
Closed Galindo Javier $57,100
Previous Owner Dynamic Growth Properties Llc $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2013 08/08/13 Sold $700,000 0.0% $29 / Sq Ft
07/09/2013 07/09/13 Pending -- -- --
05/23/2013 05/23/13 For Sale $700,000 -- $29 / Sq Ft
Source: MLS of Southern Arizona

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
2026 $846 $6,719 -- --
2025 $846 $6,399 -- --
2024 $766 $6,094 -- --
2023 $766 $5,804 -- --
2022 $770 $5,528 $0 $0
2021 $766 $5,014 $0 $0
2020 $742 $7,337 $0 $0
2019 $732 $6,592 $0 $0
2018 $716 $4,331 $0 $0
2017 $712 $4,331 $0 $0
2016 $708 $4,125 $0 $0
2015 $687 $3,928 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21314009

MLS of Southern Arizona

APN: 132-11-1100

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