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

Sale Details

Date Sold: May 29, 2018

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

101 Days on Market

Highlights

  • Gated Community
  • 0.61 Acre Lot
  • Contemporary Architecture
  • Sam Hughes Elementary Rated 10
  • Deck
  • Wood Flooring

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

Phil Lipman

Bright Properties License #BR543699000 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

  • 26,572 Sq Ft Lot
  • East or West Exposure
  • Wood Fence
  • Paved or Partially Paved Lot
  • Back Yard

Home Design

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

Interior Spaces

  • 10,071 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Window Treatments
  • 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 and Shower Combination in Primary Bathroom
  • 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
  • Natural Gas Not Available
  • 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

0.61 Acres

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

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2018
Closed on
May 29, 2018
Sold by
Bought by
Seller's Agent
Phil Lipman
Bright Properties
Buyer's Agent
Tony Reed
Long Realty Company CLOSED
List Price
$1,250,000
Sold Price
$1,250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
0.044%
Mortgage Type
Unknown

Purchase Details

Listed on
Jun 29, 2016
Closed on
Jul 8, 2016
Sold by
Bought by
Seller's Agent
Louis Parrish
United Real Estate Specialists
Buyer's Agent
Louis Parrish
Rincon Realty & Investments
List Price
$375,000
Sold Price
$375,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
95.93%

Purchase Details

Closed on
Dec 30, 2014
Sold by
Bought by

Purchase Details

Closed on
Jul 25, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
0.0556%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 3, 1994
Sold by
Bought by
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

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
$1,250,000 Title Security Agency Llc
$375,000 Title Security Agency Llc
-- Title Security Agency Llc
$643,670 --
$320,000 Fidelity National Title Agen
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 $700,000
Closed $700,000
Previous Owner $135,000
Previous Owner $493,670
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

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

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 $4,142 $32,879
2025 $4,142 $31,313
2024 $3,973 $29,822
2023 $3,749 $28,402 $0 $0
2022 $3,767 $27,049 $0 $0
2021 $3,746 $24,535 $0 $0
2020 $3,632 $36,239 $0 $0
2019 $3,584 $27,329 $0 $0
2018 $3,709 $22,426 $0 $0
2017 $3,688 $22,426 $0 $0
2016 $3,638 $21,358 $0 $0
2015 $3,710 $24,649 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21802134

MLS of Southern Arizona
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