NOT LISTED FOR SALE
12 Beds
-- Bath
6,621 Sq Ft
0.77 Acres Lot

Sale Details

Date 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

Long Realty Company

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 33,541 Sq Ft Lot
  • Lot Dimensions are 156 x 232

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

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0.77 Acres

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: MultiFamily

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
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

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 $3,589 $28,416 -- --
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

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Map

Source: MLS of Southern Arizona

MLS Number: 21708364

MLS of Southern Arizona
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