NOT LISTED FOR SALE

3314 E Benson Hwy Tucson, AZ 85706

Los Ranchitos Neighborhood
12 Beds
-- Bath
6,621 Sq Ft
0.77 Acres

Last Sold August 18, 2017

Last sale price $525,000 $79 Per Sq Ft

84 Days on Market

Highlights

  • 0.77 Acre Lot
  • Refrigerated and Evaporative Cooling System
  • Heating System Mounted To A Wall or Window

About This Home

As of August 2017

GREAT FOR INVESTORS AS RENTAL PROPERTY OR FIX AND FLIP!! PROPERTY IS LOCATED OFF BENSON HWY APPROX. 2 MILES FROM I-10 AND 6 MILES FROM I-19. 31 UNITS, AVG $400/MO RENT, $125/WK RENT, SITUATED ON .77 ACRE LOT. ALL UTILITIES ARE SERVICED BY CITY OF TUCSON AND INCLUDED IN RENT. PROPERTY IS A MOTEL WITH FLUCTUATING OCCUPANCY RATES AND RENTAL RATES. 5 RV SPACES, 2 MANUFACTURES HOMES, AND A 2 BEDROOM 1 BATHROOM MANAGERS QUARTERS.

Last Agent to Sell the Property

Pete Peterson

Keller Williams Southern Arizona License #BR546838000 Listed on: 05/19/2017

Keller Williams Southern Arizona

Last Buyer's Agent

Phillip Fileccia

Pinnacle Realty and Investment Advisors LLC

Property Details

Property Type

  • Other

Year Built

  • Built in 1971

Lot Details

  • 0.77 Acre Lot
  • Lot Dimensions are 156 x 232
  • Property is zoned Tucson - MU

Home Design

  • 6,621 Sq Ft Home
  • Lead Paint Disclosure

Utilities

  • Refrigerated and Evaporative Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • Fuel Expense $24,803
  • Insurance Expense $2,629
  • Maintenance Expense $2,880
  • Other Expense $7,573
  • Professional Management Expense $10,986
  • Water Sewer Expense $21,153
  • New Taxes Expense $4,069
  • Operating Expense $75,635
  • Gross Income $122,241
  • Net Operating Income $46,606

Listing and Financial Details

  • $4,069 special tax assessment

Property Details

Property Type

Other

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Unit Info Average Monthly Rent One Bedroom: 400.0
  • Unit Info Average Monthly Rent Studios: 400.0
  • Lot Size: 156 x 232
  • CapRate: 8.88
  • Professional Management Expense: 10986.0
  • Supplies Expense: 2880.0
  • Co List Office Mls Id: 478310
  • Co List Office Phone: 520-225-0020
  • Co List Office Mls Id: 478310
  • Subdivision Name: Los Ranchitos
  • General Property Information: List Price/SqFt: 95.15
  • General Property Information: Lot Size Price/SqFt: 18.79
  • Special Features: None
  • Property Sub Type: Other

Utilities

  • Utilities: Sewer Connected
  • Cooling: Evaporative Cooling, Wall Unit(s)
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Expenses Admin Expenses: 1225.0
  • Expenses Contract Services: 317.0
  • Expenses Figures Presented: Actual
  • Expenses Gas Electric: 24803.0
  • Expenses Maintenance Supplies: 2880.0
  • Expenses Other Expenses: 7573.0
  • Expenses Taxes Assessments: 4069.0
  • Annual Water Sewer Expense: 21153.0

Lot Info

  • Lot Size Sq Ft: 18.0
  • Zoning: Tucson - MU

Building Info

  • Year Built: 1971

Tax Info

  • Tax Year: 2016
  • New Taxes Expense: 4069.0

Multi Family

  • Annual Gross Income: 122241.0
  • Insurance Expense: 2629.0
  • Property Net Operating Income: 46606.0
  • Annual Operating Expense: 75635.0

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

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2017 08/18/17 Sold $525,000 0.0% $79 / Sq Ft
07/19/2017 07/19/17 Pending -- -- --
03/23/2017 03/23/17 For Sale $525,000 -- $79 / Sq Ft
Source: MLS of Southern Arizona

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
2025 $3,589 $27,063 -- --
2024 $2,546 $25,774 -- --
2023 $2,546 $24,547 -- --
2022 $2,546 $23,378 $0 $0
2021 $2,624 $17,493 $0 $0
2020 $2,182 $17,493 $0 $0
2019 $2,723 $24,638 $0 $0
2018 $3,534 $25,160 $0 $0
2017 $3,470 $25,160 $0 $0
2016 $3,396 $25,160 $0 $0
2015 $3,270 $27,189 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2017

    Pete Peterson

    Keller Williams Southern Arizona

    Section Image
  • Phillip Fileccia

    Buyer's Agent in 2017

    Phillip Fileccia

    Pinnacle Realty and Investment Advisors LLC

    (520) 599-8005

    4 Total Sales

    Phillip Fileccia
    Section Image
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Map

Source: MLS of Southern Arizona

MLS Number: 21708364

MLS of Southern Arizona
Arizona Pima County Tucson 85706 Los Ranchitos

3314 E Benson Hwy, Tucson, AZ

Not Listed for Sale

Other

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