NOT LISTED FOR SALE

3314 E Water St Tucson, AZ 85716

Doolen-Fruitvale Neighborhood

Estimated Value: $306,000 - $594,169

-- Bed
-- Bath
8,420 Sq Ft
$50/Sq Ft Est. Value

Last Sold July 01, 2016

Last sale price $465,750 $55 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $2,317/month

203 Days on Market

About This Home

As of July 2016

Wonderful investment opportunity to own 5 Duplex's in one location(5 parcel's). Each Duplex is 1684 sqft. consisting of 2BR/1BA units with private yards, laundry hook-ups and fresh exterior paint. Most units have ceramic tile floors thru out. Conveniently located to everything( Uof A), Hospitals, downtown,etc...) We have 5 Duplex's each on their own lot/parcel #'s and would qualify for conforming 1-4 unit financing. Expenses currently at 72%, get expenses to a traditional 40% and this property would be operating at a 8% CAP without even raising rents!

Last Agent to Sell the Property

Rocco Racioppo

Keller Williams Southern Arizona Listed on: 12/11/2015

Co-Listed By

Rocco Racioppo

Keller Williams Southern Arizona

Last Buyer's Agent

Michelle Goldberg

Fort Lowell Realty & Property Management, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,177

Year Built

  • Built in 1983

Lot Details

  • 0.6 Acre Lot

Home Design

  • 8,420 Sq Ft Home
  • Frame With Stucco

Utilities

  • Forced Air Heating and Cooling System
  • Evaporated cooling system
  • Heating System Uses Natural Gas

Listing and Financial Details

  • $7,177 special tax assessment

Community Details

Overview

  • Fruitvale Addition Subdivision

Building Details

  • Fuel Expense $782
  • Insurance Expense $2,700
  • Professional Management Expense $6,652
  • Water Sewer Expense $8,557
  • Gross Income $66,673
  • Net Operating Income $18,213

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,177

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Legal Description: 5 separate legals at listing agents office.
  • List Price per Sq Ft: 59.37
  • Unit Info Average Monthly Rent Two Bedroom: 600.00
  • Unit Info Number Of Units2 B R: 10
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Gross Sq Ft: 8420.00

Exterior Features

  • Construction: Frame - Stucco

Utilities

  • Water: City Water
  • Fire Protection: Included in Taxes
  • Main Cooling: Central Air, Evaporative Cooling
  • Main Heating: Forced Air, Natural Gas
  • Security: None
  • Sewer: Connected
  • Miscellaneous Master Water Meter: Yes

Condo/Co-op/Association

  • Community: None

Fee Information

  • Expenses Capital Expenses: 4934.49
  • Expenses Contract Services: 2185.00
  • Expenses Figures Presented: Actual
  • Expenses Gas Electric: 781.65
  • Expenses Other Expenses: 15473.20
  • Expenses Taxes Assessments: 7177.00

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Lot Acres: 0.60
  • Lot Dimensions: unknown
  • Lot Size Price Sq Ft: 19.13
  • Lot Sq Ft: 26135.00
  • Lot Sz Sold Prc Sq Ft: 17.82
  • Municipality Zoning: Tucson - R2

Building Info

  • Year Built: 1983

Tax Info

  • Tax Code: 111-07-029B
  • Taxes: 7177.30
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2015
Closed on
Jun 8, 2016
Sold by
Green Mark S and Green Debra
Bought by
Cedarwood Investments Llc
Seller's Agent
Rocco Racioppo
Keller Williams Southern Arizona
Buyer's Agent
Michelle Goldberg
Fort Lowell Realty & Property Management, Inc.
List Price
$465,750
Sold Price
$465,750
Current Estimated Value
$420,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$45,708
Avg. Annual Appreciation
-1.08%
Original Mortgage
$304,500
Outstanding Balance
$26,801
Interest Rate
3.58%
Mortgage Type
Commercial
Estimated Equity
$393,241

Purchase Details

Closed on
Feb 12, 2007
Sold by
Falati Javad
Bought by
Ozenne Michael A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Date Buyer Sale Price Title Company
Cedarwood Investments Llc $465,750 Catalina Title Agency
Ozenne Michael A $75,755 Title Security Agency Of Az
Ozenne Michael A -- Ttise
Ozenne Michael A $75,755 Title Security Agency Of Az
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cedarwood Investments Llc $304,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2016 07/01/16 Sold $465,750 0.0% $55 / Sq Ft
06/01/2016 06/01/16 Pending -- -- --
12/11/2015 12/11/15 For Sale $465,750 -- $55 / 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 $1,479 $11,179 -- --
2024 $1,337 $10,646 -- --
2023 $1,337 $10,139 -- --
2022 $1,345 $9,657 $0 $0
2021 $1,337 $8,759 $0 $0
2020 $1,297 $9,183 $0 $0
2019 $1,279 $8,342 $0 $0
2018 $1,314 $8,306 $0 $0
2017 $1,366 $8,306 $0 $0
2016 $1,405 $8,306 $0 $0
2015 $1,435 $8,342 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rocco Racioppo

    Seller Co-Listing Agent in 2016

    Rocco Racioppo

    Keller Williams Southern Arizona

    (520) 850-9200

    57 Total Sales

    Rocco Racioppo
    Section Image

  • M

    Buyer's Agent in 2016

    Michelle Goldberg

    Fort Lowell Realty & Property Management, Inc.

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Map

Source: MLS of Southern Arizona

MLS Number: 21533083

MLS of Southern Arizona

APN: 111-07-029B

Arizona Pima County Tucson 85716 Doolen-Fruitvale

3314 E Water St, Tucson, AZ

Not Listed for Sale

MultiFamily

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