NOT LISTED FOR SALE

Estimated Value: $624,831

Studio
-- Bath
5,554 Sq Ft
$113/Sq Ft Est. Value

Last Sold May 25, 2023

Last sale price $850,000 $153 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $3,509/month

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • Central Heating
  • Sam Hughes Elementary Rated 10

About This Home

As of May 2023

Ventura Apartments is a tremendous value add remodel opportunity located in Sam Hughes, Campbell and 7th Street. Comprised of five buildings on two R-2 zoned lots, combined .36 acres of land. Two duplexes each with two 1/1 units 820 sqft each, two standalone 2/1 houses 972 sqft each and a 320 sqft laundry storage building. All units have a front and rear entrance with a private fenced patio. Open courtyard design with six covered spaces and additional uncovered spaces at the rear of the property. Units are individually metered for electric & gas with a master water meter. This is a great opportunity to rehab the units and maximize rental rates in one of the highest rental markets in the city. The property will be open May 4th & 5th 10am-2pm. Call listing agent to make an appointment.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 05/02/2023

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

  • $2,884

Year Built

  • Built in 1956

Lot Details

  • 7,884

Home Design

  • Brick Exterior Construction
  • Built-Up Roof

Flooring

  • Ceramic Tile Flooring

Parking

  • 8 Open Parking Spaces
  • 14 Parking Spaces
  • 6 Covered Spaces
  • Over 1 Space Per Unit

Utilities

  • Evaporated cooling system
  • Central Heating

Listing and Financial Details

  • Legal Lot and Block 00010 / 036
  • Assessor Parcel Number 125-07-600-A

Community Details

Overview

  • 5 Buildings
  • 6 Units
  • Building Dimensions are 96' x 184'
  • Fairmount Subdivision

Building Details

  • Operating Expense $2,884
  • Gross Income $52,200
  • Net Operating Income $35,277

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,884

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Cross Street: Campbell Ave & 6th St
  • Legal Info Range: 14
  • Property Type: Multiple Dwellings
  • Zoning: R2
  • Number Of Buildings: 5
  • Ownership: Fee Simple
  • Year Built: 1956
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Subdivision Name: FAIRMOUNT
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Brick
  • Roof: Built-Up

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 14.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 14.0
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Evaporative Cooling
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Schools

  • Junior High Dist: Tucson Unified District

Lot Info

  • Lot Size: 96' x 184'
  • Additional Parcels: No
  • Parcel #: 125-07-600-A

Multi Family

  • Owner Pays: Other
  • Number Of Units Total: 6
  • Annual Gross Income: 52200.0
  • Property Net Operating Income: 35277.0
  • Annual Operating Expense: 2884.0

Tax Info

  • Tax Annual Amount: 2884.0
  • Tax Block: 036
  • Tax Book Number: 125.00
  • Tax Lot: 00010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2023
Closed on
May 24, 2023
Sold by
Mcewen Family Living Trust and Mcewen James C
Bought by
320 N Campbell Llc
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$850,000
Sold Price
$850,000
Views
47
Current Estimated Value
$624,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$225,169
Avg. Annual Appreciation
-10.85%

Purchase Details

Closed on
Mar 26, 2018
Sold by
Mcewen James C and Mcewen Cindy Lou
Bought by
Mcewen James C and Mcewen James C
Source: Public Records
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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
320 N Campbell Llc $850,000 Fidelity National Title
Mcewen James C -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2023 05/25/23 Sold $850,000 0.0% $153 / Sq Ft
05/03/2023 05/03/23 Pending -- -- --
05/03/2023 05/03/23 For Sale $850,000 -- $153 / 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
2026 $3,163 $25,107 -- --
2025 $3,163 $23,911 -- --
2024 $2,860 $22,773 -- --
2023 $2,860 $21,688 -- --
2022 $2,877 $20,656 $0 $0
2021 $2,860 $18,735 $0 $0
2020 $2,773 $18,735 $0 $0
2019 $3,160 $25,558 $0 $0
2018 $3,091 $19,101 $0 $0
2017 $3,142 $19,101 $0 $0
2016 $3,060 $18,191 $0 $0
2015 $2,967 $17,325 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6551892

Arizona Regional Multiple Listing Service (ARMLS)

APN: 125-07-600A