NOT LISTED FOR SALE

Estimated Value: $350,000 - $558,000

Studio
-- Bath
3,528 Sq Ft
$123/Sq Ft Est. Value

Sale Details

Date Sold: May 14, 2020

Last sale price $355,000 $101 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,600 / mo

42 Days on Market

Highlights

  • RV Access or Parking
  • Secondary bathroom tub or shower combo
  • No HOA
  • Ranch Style House
  • Corner Lot
  • Beamed Ceilings

About This Home

As of May 2020

4 Plex with huge potential. This block constructed multifamily home offers four two bedroom one bath units all currently rented with active leases in place. Average monthly rent per unit is $730, with potential to increase. For those of you investors that are ambitions and looking for a fun project this property has an oversized lot that you can build two more units to increase overall cashflow. Tenant occupied - Open House Canceled

Last Agent to Sell the Property

Eddie Watters

Realty Executives Arizona Territory License #SA646115000 Listed on: 03/13/2020

Realty Executives Arizona Territory

Co-Listed By

Clay Beauchamp

Realty Executives Arizona Territory License #SA664816000

Last Buyer's Agent

Ginvic Doble

NextHome Complete Realty (DBA)

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 30 Sq Ft Lot
  • Lot Dimensions are 99x115x99x115
  • Desert faces the front of the property
  • Cul-De-Sac
  • Wood Fence
  • Corner Lot

Home Design

  • Quadruplex
  • Ranch Style House
  • Built-Up Roof
  • Adobe
  • Lead Paint Disclosure

Interior Spaces

  • Secondary bathroom tub or shower combo
  • 3,528 Sq Ft Home
  • Beamed Ceilings
  • Window Treatments
  • Living Room
  • Ceramic Tile Flooring
  • Exposed Ceiling
  • Laundry in Kitchen

Kitchen

  • Eat-In Kitchen
  • Electric Range

Parking

  • 6 Parking Spaces
  • Circular Driveway
  • RV Access or Parking

Schools

  • Davidson Elementary School
  • Doolen Middle School
  • Catalina High School

Utilities

  • Forced Air Heating and Cooling System
  • Refrigerated and Evaporative Cooling System
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Patio
  • Ground Level

Listing and Financial Details

  • $2,676 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • The community has rules related to deed restrictions

Building Details

  • Insurance Expense $1,100
  • Other Expense $1,300
  • Professional Management Expense $3,400
  • Water Sewer Expense $3,000
  • New Taxes Expense $2,676
  • Operating Expense $11,476
  • Gross Income $35,100
  • Net Operating Income $23,624

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

30 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Horses: No
  • LotSizeAcres: 0.28
  • Lot Size: 99x115x99x115
  • Road Surface Type: Paved
  • CapRate: 6.65
  • Professional Management Expense: 3400.0
  • Co List Office Mls Id: 4983
  • Co List Office Phone: 520-877-4940
  • Co List Office Mls Id: 4983
  • Subdivision Name: Granada Park
  • Location Tax Legal: Tax Year: 2019
  • Location Tax Legal: Community: None
  • Location Tax Legal: Municipality/Zoning: Tucson - R2
  • Location Tax Legal: Municipal Flood Zone: No
  • General Property Information: Dwelling Type: Quadruplex
  • General Property Information: Construction Status: Existing
  • General Property Information: Lot Dimensions: 99x115x99x115
  • General Property Information: Horse Property: No
  • General Property Information: Elementary School: Davidson
  • General Property Information: Middle School: Doolen
  • General Property Information: High School: Catalina
  • General Property Information: Horse Facilities: No
  • General Property Information: List Price/SqFt: 104.02
  • General Property Information: Lot Size Price/SqFt: 30.58
  • Sewer: Connected: Yes
  • Main Cooling: Central Air: Yes
  • Main Heating: Forced Air: Yes
  • Water Heater: Natural Gas: Yes
  • Association Fees: HOA: No
  • Subdivision Restrict: CC&Rs: No
  • Landscape - Front: Natural Desert: Yes
  • PatioDeck: Patio: Yes
  • Property Disclosures: Lead-Based Paint: Yes
  • Driveway: Circular: Yes
  • Main Heating: Electric: Yes
  • Lot Features: Corner Lot: Yes
  • Lot Features: Cul-De-Sac: Yes
  • Construction: Burnt Adobe: Yes
  • Location Tax Legal: FEMA Flood Zone: No
  • Fence: Wood: Yes
  • General Property Information: Attached/Detached: Detached
  • Unit 1 Information: Stories: Single
  • Unit 2 Information: Stories: Single
  • Technology: Cable TV: Yes
  • Subdivision Restrict: Age Restrictions: No
  • Subdivision Restrict: Deed Restrictions: Yes
  • Main Cooling: Evaporative Cooling: Yes
  • Style: Ranch: Yes
  • Unit 3 Information: Stories: Single
  • Unit 4 Information: Stories: Single
  • Special Features: None

Interior Features

  • Interior Amenities: Beamed Ceilings
  • Kitchen Features Appliance Color: White
  • Appliances: Electric Range
  • Floor Covering: Ceramic Tile: Yes
  • Kitchen Features: Electric Range: Yes
  • Window Covering: Some: Yes
  • UnitTypeFurnished: No
  • UnitTypeFurnished: No
  • Unit 1 Information: Furnished: No
  • Unit 2 Information: Floor: 1st
  • Unit 2 Information: Furnished: No
  • Living Areas: Living Room: Yes
  • Laundry: In Kitchen: Yes
  • Bathroom Features: Shower & Tub/Hall: Yes
  • Dining Areas: Eat-In Kitchen: Yes
  • UnitTypeFurnished: No
  • UnitTypeFurnished: No
  • Unit 3 Information: Furnished: No
  • Unit 4 Information: Floor: 1st
  • Unit 4 Information: Furnished: No
  • Interior Features: Beamed Ceilings: Yes

Exterior Features

  • ExteriorFeatures: None
  • Roof: Built-Up
  • View: Residential
  • Construction Type: Burnt Adobe
  • Patio And Porch Features: Patio
  • Roof: Built-Up: Yes

Garage/Parking

  • Parking Features: Circular
  • RV Parking: Space Available: Yes
  • General Property Information: Total Parking: 6
  • Unit 2 Information: Parking: On Property
  • Unit 3 Information: Parking: On Property
  • Unit 4 Information: Parking: On Property

Utilities

  • Electric Electric Company: TEP
  • Utilities: Sewer Connected
  • Laundry Features: In Kitchen
  • Cooling: Central Air, Evaporative Cooling
  • Heating Yn: Yes
  • Water Source: Public
  • Gas: Natural: Yes

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Other Expenses: 1300.0
  • Expenses Taxes Assessments: 2676.0
  • Annual Water Sewer Expense: 3000.0

Schools

  • Junior High Dist: TUSD
  • Middle Or Junior School: Doolen

Lot Info

  • Lot Features: Corner Lot, Cul-De-Sac
  • Lot Size Sq Ft: 30.0
  • Zoning: Tucson - R2

Building Info

  • Year Built: 1964

Rental Info

  • Utilities Paid Trash: Owner

Tax Info

  • Tax Year: 2019
  • New Taxes Expense: 2676.0

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 35100.0
  • Insurance Expense: 1100.0
  • Property Net Operating Income: 23624.0
  • Annual Operating Expense: 11476.0

MLS Schools

  • Elementary School: Davidson
  • High School: Catalina

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
Mar 13, 2020
Closed on
May 11, 2020
Sold by
Bought by
Seller's Agent
Eddie Watters
Realty Executives Arizona Territory
Buyer's Agent
Ginvic Doble
NextHome Complete Realty (DBA)
List Price
$355,000
Sold Price
$355,000
Current Estimated Value
$432,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,217
Avg. Annual Appreciation
3.21%
Original Mortgage
$355,000
Outstanding Balance
$308,304
Interest Rate
3.3%
Mortgage Type
VA
Estimated Equity
$123,913

Purchase Details

Closed on
Dec 17, 2012
Sold by
Bought by

Purchase Details

Closed on
Jun 12, 2009
Sold by
Bought by

Purchase Details

Closed on
Apr 5, 2007
Sold by
Bought by

Purchase Details

Closed on
Oct 15, 2004
Sold by
Bought by

Purchase Details

Closed on
Aug 5, 2004
Sold by
Bought by

Purchase Details

Closed on
Aug 3, 2004
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

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
$355,000 Fidelity Natl Ttl Agcy Inc
-- None Available
-- None Available
-- None Available
-- --
-- --
$250,000 Lawyers Title
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 $355,000
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
05/14/2020 05/14/20 Sold $355,000 0.0% $101 / Sq Ft
04/14/2020 04/14/20 Pending -- -- --
03/13/2020 03/13/20 For Sale $355,000 -- $101 / 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 $2,728 $24,555
2025 $2,728 $23,386
2024 $1,946 $22,272
2023 $1,946 $21,212
2022 $1,956 $20,202 $0 $0
2021 $1,946 $18,323 $0 $0
2020 $2,712 $21,515 $0 $0
2019 $2,677 $21,701 $0 $0
2018 $2,618 $15,828 $0 $0
2017 $2,603 $15,828 $0 $0
2016 $2,553 $15,075 $0 $0
2015 $2,476 $14,357 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22007029

MLS of Southern Arizona

APN: 111-06-2480

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