NOT LISTED FOR SALE

Estimated Value: $448,000 - $646,971

-- Bed
8 Baths
1,724 Sq Ft
$330/Sq Ft Est. Value

Last Sold November 06, 2020

Last sale price $437,000 $253 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,153/month

147 Days on Market

About This Home

As of November 2020

Alturas Apartments is a 4-unit apartment community located in the Tucson, Arizona. The 4-Plex is situated on 0.26 acres and was constructed 1984. All units are individually metered for electric (TEP), current owner pays for water, sewer and trash (City of Tucson). Unit mix consists of all 2 bedroom/2 bathroom that are approximately 862 Sq. Ft.

Alturas Apartments offers a center courtyard with gravel and mature trees surrounding the property. Individual apartments include assigned parking, washer and dryer hookups, fireplaces, storage room and back patios. GREAT OPPORTUNITY IN A DESIRABLE TUCSON LOCATION.

Last Agent to Sell the Property

Cristian Sosa

Cooper Cardinal and Company License #SA656577000 Listed on: 04/03/2020

Last Buyer's Agent

Jack Cardinal

Cooper Cardinal and Company License #SA642221000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,195

Year Built

  • Built in 1984

Lot Details

  • 0.28

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 112-07-111-B

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are N/A

Building Details

  • Operating Expense $13,421
  • Gross Income $75,233,664
  • Net Operating Income $27,790

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,195

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Grant Rd & Forgeus Ave
  • Property Type: Multiple Dwellings
  • Zoning: R-2
  • Number Of Buildings: 2
  • Year Built: 1984
  • Tax Year: 2019
  • Directions: North on Forgeus Ave, East on Alturas
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood: 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:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: Other (See Remarks), Individual Meter
  • Cooling: Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Lot Info

  • Lot Size: N/A
  • Additional Parcels: No
  • Parcel #: 112-07-111-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 75233664.0
  • Property Net Operating Income: 27790.0
  • Annual Operating Expense: 13421.0
  • Vacancy Allowance Rate: 1980.0

Tax Info

  • Tax Annual Amount: 3195.0
  • Tax Book Number: 112.00
  • Tax Lot: n/a

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2020
Closed on
Nov 2, 2020
Sold by
Mcgowan John E
Bought by
Davin Zachary
Seller's Agent
Cristian Sosa
Cooper Cardinal and Company
Buyer's Agent
Jack Cardinal
Cooper Cardinal and Company
List Price
$465,000
Sold Price
$437,000
Premium/Discount to List
-$28,000
-6.02%
Current Estimated Value
$526,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,507
Avg. Annual Appreciation
5.86%
Original Mortgage
$429,084
Outstanding Balance
$388,482
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$184,692

Purchase Details

Closed on
Dec 14, 2004
Sold by
Thk Llc
Bought by
Mcgowan John E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,170
Interest Rate
2.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2003
Sold by
Staples Patricia Joan and Staples Frank Douglas
Bought by
Staples Frank Douglas and Staples Patricia Joan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,000
Interest Rate
5.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 12, 2001
Sold by
Goulden Edward J and Goulden Marilyn J
Bought by
Thk

Purchase Details

Closed on
Jul 19, 2000
Sold by
Goulden Edward J and Goulden Marilyn J
Bought by
Goulden Edward J and Goulden Marilyn J

Purchase Details

Closed on
Oct 13, 1997
Sold by
Mackey Margaret Ann and Mackey Samantha A
Bought by
Goulden Edward J and Goulden Marilyn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,800
Interest Rate
8.83%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Davin Zachary $437,000 Premier Title Agency
Mcgowan John E $272,000 --
Mcgowan John E $272,000 --
Staples Frank Douglas -- --
Staples Frank Douglas -- --
Thk $236,000 First American Title Ins Co
Goulden Edward J -- --
Goulden Edward J -- --
Goulden Edward J $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davin Zachary $429,084
Previous Owner Mcgowan John E $243,250
Previous Owner Mcgowan John E $250,000
Previous Owner Mcgowan John E $36,954
Previous Owner Mcgowan John E $177,170
Previous Owner Staples Frank Douglas $181,000
Previous Owner Goulden Edward J $162,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2020 11/06/20 Sold $437,000 -6.0% $253 / Sq Ft
10/16/2020 10/16/20 For Sale $465,000 0.0% $270 / Sq Ft
10/16/2020 10/16/20 Price Changed $465,000 0.0% $270 / Sq Ft
04/02/2020 04/02/20 For Sale $465,000 -- $270 / Sq Ft
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 $3,257 $25,935 -- --
2023 $3,257 $24,700 -- --
2022 $3,276 $23,524 $0 $0
2021 $3,257 $21,337 $0 $0
2020 $3,158 $21,337 $0 $0
2019 $3,195 $21,321 $0 $0
2018 $3,125 $18,897 $0 $0
2017 $3,108 $18,897 $0 $0
2016 $3,040 $17,997 $0 $0
2015 $2,948 $17,140 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6060823

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-07-111B