NOT LISTED FOR SALE
15 Beds
17 Baths
10,071 Sq Ft
0.61 Acres

Last Sold May 29, 2018

Last sale price $1,250,000 $124 Per Sq Ft

101 Days on Market

Highlights

  • Gated Community
  • Deck
  • Wood Flooring
  • 0.61 Acre Lot
  • Contemporary Architecture
  • Great Room

About This Home

As of May 2018

MIDTOWN FLATS! TURNKEY RENTAL OPPORTUNITY. ANNUAL PROPERTY OPERATING DATA SHEET IS ATTACHED!! 11 beautifully-renovated units on over half an acre in top location. This property sits on a charming dead end street on the 3rd St bike path through Sam Hughes and the UofA. It has undergone a thorough renovation including the construction of a brand new unit. New roofs, many new HVAC's, lots of new plumbing and electrical related to new construction unit and a total cosmetic overhaul throughout. All units in great condition. There is considerable upside to market rents, since many of the new tenants received a discounted rent to compensate for major construction. This is not your typical generic, beige 1980's product. PRIME LOCATION! One of owners is Licensed Agent in the State of Arizona.

Last Agent to Sell the Property

Philip Lipman

Bright Properties Listed on: 01/20/2018

Last Buyer's Agent

Tony Reed

Long Realty Company CLOSED

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,688

Year Built

  • Built in 1963

Lot Details

  • 0.61 Acre Lot
  • East or West Exposure
  • Wood Fence
  • Paved or Partially Paved Lot
  • Back and Front Yard

Home Design

  • Contemporary Architecture
  • Frame With Stucco
  • Built-Up Roof

Interior Spaces

  • 10,071 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Great Room
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Storage Room
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Range
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Concrete
  • Ceramic Tile

Bedrooms and Bathrooms

  • Split Bedroom Floorplan
  • Walk-In Closet
  • Bathtub with Shower

Parking

  • 12 Parking Spaces
  • No Driveway

Outdoor Features

  • Courtyard
  • Deck
  • Enclosed Patio or Porch

Schools

  • Sam Hughes Elementary School
  • Maxwell K-8 Middle School
  • Tucson High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • High Speed Internet

Additional Features

  • Doors are 32 inches wide or more
  • North or South Exposure
  • Ground Level

Listing and Financial Details

  • $5,300 special tax assessment

Community Details

Overview

  • Virginia Heights Amended Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Hiking Trails

Building Details

  • Insurance Expense $6,700
  • Maintenance Expense $2,200
  • Professional Management Expense $8,596
  • Water Sewer Expense $5,280
  • Gross Income $123,400
  • Net Operating Income $91,364

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,688

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Style: Contemporary
  • Technology: High Speed Internet
  • Accessibility Options: Wide Doorways
  • Legal Description: VIRGINIA HEIGHTS AMENDED LOTS 20 21 & 22EXC N100' E44' THEREOF & EXC PTN W5' N40'LOT 20 BLK 1
  • Attached Detached: Attached
  • List Price per Sq Ft: 128.59
  • Subdivision Restrict C C And Rs: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Smoke Detector, Split Bedroom Plan, Storage, Walk In Closets
  • Window Coverings: Stay
  • Floor Covering: Carpet, Ceramic Tile, Concrete, Wood
  • Gross Sq Ft: 10071.00
  • Bathroom Features: Shower & Tub/Hall, Shower & Tub/Primary
  • Breakfast: Area, Eat-In, Nook
  • Dining Areas: Breakfast Nook, Dining in LR/GR, Eat-In Kitchen
  • Dining Room: Area
  • Living Areas: Family Room, Great Room, Living Room, Off Kitchen
  • Laundry: Facility
  • Extra Room: Storage
  • Kitchen Features: Breakfast Bar, Dishwasher, Electric Range, Island, Refrigerator

Exterior Features

  • Construction: Frame - Stucco
  • Construction Status: Existing
  • F E M A Flood Zone: No
  • Fence: Wood
  • Landscape Front: Low Care
  • Landscape Rear: Low Care
  • Patio Deck: Deck, Enclosed, Patio
  • Pool: None
  • Road Maintenance: City
  • Roof: Built-Up
  • Spa: None
  • View: Residential
  • Exterior Feature: Courtyard

Garage/Parking

  • Driveway: None
  • Total Parking: 12

Utilities

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

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: Yes
  • Neighborhood Features: Gated Community, Paved Street, Sidewalks, Street Lights, Walking Trail

Fee Information

  • Expenses Admin Expenses: 1210.00
  • Expenses Contract Services: 2750.00
  • Expenses Figures Presented: Proforma
  • Expenses Maintenance Supplies: 2200.00
  • Expenses Taxes Assessments: 5300.00

Schools

  • School District: TUSD
  • Elementary School: Sam Hughes
  • Middle School: Maxwell K-8
  • High School: Tucson

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.61
  • Lot Dimensions: Irregular
  • Lot Features: East/West Exposure, North/South Exposure
  • Lot Size Price Sq Ft: 48.74
  • Lot Sq Ft: 26572.00
  • Lot Sz Sold Prc Sq Ft: 47.04
  • Municipality Zoning: Tucson - R3
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1963

Rental Info

  • Utilities Paid Cable TV: Tenant
  • Utilities Paid Electric: Tenant
  • Utilities Paid Gas: Owner
  • Utilities Paid Insurance: Tenant
  • Utilities Paid Landscaping: Owner
  • Utilities Paid Sewer: Owner
  • Utilities Paid Taxes: Owner
  • Utilities Paid Trash: Owner
  • Utilities Paid Water: Owner

Tax Info

  • Tax Code: 125-14-021F
  • Taxes: 3688.35
  • Tax Year: 2017
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Maxwell K-8
  • Elementary School: Sam Hughes
  • High School: Tucson
  • School District: TUSD

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
05/29/2018 05/29/18 Sold $1,250,000 0.0% $124 / Sq Ft
04/29/2018 04/29/18 Pending -- -- --
01/20/2018 01/20/18 For Sale $1,250,000 +233.3% $124 / Sq Ft
08/15/2016 08/15/16 Sold $375,000 0.0% $37 / Sq Ft
07/16/2016 07/16/16 Pending -- -- --
06/29/2016 06/29/16 For Sale $375,000 -- $37 / Sq Ft
Source: MLS of Southern Arizona

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 21802134

MLS of Southern Arizona