NOT LISTED FOR SALE

255 E Pastime Rd Tucson, AZ 85705

Amphi Neighborhood
4 Beds
2 Baths
7,016 Sq Ft
1.89 Acres

Last Sold February 19, 2020

Last sale price $580,000 $83 Per Sq Ft

29 Days on Market

Highlights

  • 1.89 Acre Lot
  • Eat-In Kitchen
  • Living Room
  • Contemporary Architecture
  • Slab Porch or Patio
  • Ceramic Tile Flooring

About This Home

As of February 2020

8.2% Pro Forma Cap with a $42,948 Pro Forma NOI, or 7.1% Cap Rate (with actual current estimated income and expenses) residential income property with huge upside potential, based on $650,000 full asking price. The Pro Forma is based on a possible $150/mo rent increase vs. current rents while actual current cap is using current rents plus the estimated income and expenses given by owner.

Last Agent to Sell the Property

Danny Roth

Keller Williams Southern Arizona Listed on: 01/04/2020

Last Buyer's Agent

Danny Roth

Berkshire Hathaway Homeservices Premier Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,915

Year Built

  • Built in 1942

Lot Details

  • 1.89 Acre Lot
  • Lot Dimensions are 137x606x141x604
  • Back Yard

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Wood Frame Construction
  • Rolled or Hot Mop Roof

Interior Spaces

  • 7,016 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Living Room

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 9 Parking Spaces
  • No Driveway

Schools

  • Prince Elementary School
  • Amphitheater Middle School
  • Amphitheater High School

Utilities

  • Forced Air Heating and Cooling System
  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Slab Porch or Patio
  • Ground Level

Listing and Financial Details

  • $3,915 special tax assessment

Community Details

Overview

  • Amphitheater Acres Addn. Subdivision
  • The community has rules related to deed restrictions

Amenities

  • No Laundry Facilities

Building Details

  • Insurance Expense $3,357
  • Maintenance Expense $360
  • Water Sewer Expense $1,452
  • Gross Income $59,700
  • Net Operating Income $50,616

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,915

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 4 Plex
  • Style: Contemporary
  • Technology: Cable TV
  • Accessibility Options: None
  • Legal Description: AMPHITHEATER ACRES LOT 23 & W4' OF LOT 25
  • Attached Detached: Attached
  • List Price per Sq Ft: 89.08
  • Subdivision Restrict C C And Rs: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Window Coverings: Stay
  • Floor Covering: Carpet, Ceramic Tile
  • Gross Sq Ft: 7016.00
  • Bathroom Features: None
  • Breakfast: None
  • Dining Areas: Eat-In Kitchen
  • Dining Room: None
  • Living Areas: Living Room
  • Laundry: None
  • Extra Room: None
  • Kitchen Features: Dishwasher, Garbage Disposal
  • Interior Steps: No

Exterior Features

  • Construction: Wood Frame
  • Construction Status: Existing
  • F E M A Flood Zone: No
  • Fence: None
  • Landscape Front: Low Care
  • Landscape Rear: Low Care
  • Patio Deck: Slab
  • Pool: None
  • Road Maintenance: City
  • Roof: Rolled
  • Spa: None
  • View: None
  • Exterior Feature: None

Garage/Parking

  • Driveway: None
  • Total Parking: 9

Utilities

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

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: Yes
  • Neighborhood Features: None

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Maintenance Supplies: 360.00
  • Expenses Taxes Assessments: 3914.58

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 1.89
  • Lot Dimensions: 137x606x141x604
  • Lot Features: Subdivided
  • Lot Size Price Sq Ft: 7.59
  • Lot Sq Ft: 82328.00
  • Lot Sz Sold Prc Sq Ft: 7.04
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1942

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: Tenant

Tax Info

  • Tax Code: 106-02-0810
  • Taxes: 3914.58
  • Tax Year: 2018
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Amphitheater
  • Elementary School: Prince
  • High School: Amphitheater
  • School District: Amphitheater

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
02/19/2020 02/19/20 Sold $580,000 0.0% $83 / Sq Ft
01/20/2020 01/20/20 Pending -- -- --
01/04/2020 01/04/20 For Sale $580,000 -- $83 / 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
2026 $4,615 $39,374 -- --
2025 $4,615 $37,499 -- --
2024 $4,177 $35,713 -- --
2023 $4,177 $34,013 -- --
2022 $4,267 $32,393 $0 $0
2021 $4,177 $29,381 $0 $0
2020 $4,152 $38,165 $0 $0
2019 $4,045 $35,547 $0 $0
2018 $3,915 $25,381 $0 $0
2017 $3,847 $25,381 $0 $0
2016 $3,708 $24,172 $0 $0
2015 $3,595 $23,021 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Danny Roth

    Keller Williams Southern Arizona

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 22003113

MLS of Southern Arizona

APN: 106-02-0810

Arizona Pima County Tucson 85705 Amphi

255 E Pastime Rd, Tucson, AZ

Not Listed for Sale

MultiFamily

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