NOT LISTED FOR SALE
Studio
-- Baths
11,245 Sq Ft
1.76 Acre Lot

Sale Details

Date Sold: February 15, 2017

Last sale price $374,000 $33 Per Sq Ft

222 Days on Market

Highlights

  • 1.76 Acre Lot
  • Central Air
  • Heating System Mounted To A Wall or Window
  • Furnished

About This Home

As of February 2017

Great opportunity for ambitious Buyer. 15 studios with kitchens and bathrooms and 10 one room motel rooms each with a bathroom. Plus 2 BD house + 2400 square foot 3 bd. 2 ba. living quarters/office. Studios currently rented for $209.00 weekly. 6 motel rooms that probably could be turned into 3 apartments. Potential of 18 studio apartment units. Market rent for studios approx. $430 on a monthly basis. Gorgeous grounds with fenced pool. This property is also ideal to be repurposed into a group home, board and care, halfway house, shelter, elderly housing or a non profit facility. Recent bid of $55,600 to install fire suppression sprinkler system throughout. All units have AC. Property is on well, but property has Ray water meter. Suntran # 26 bus line stops in front of property.

Last Agent to Sell the Property

Jade Bossert

Tierra Antigua Realty Listed on: 08/24/2016

Last Buyer's Agent

Phillip Fileccia

Realty Executives Arizona Territory

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 1.76 Acre Lot

Home Design

  • Concrete Block And Stucco Construction
  • Lead Paint Disclosure

Interior Spaces

  • 11,245 Sq Ft Home
  • Furnished

Utilities

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

Community Details

  • Fuel Expense $7,037
  • Insurance Expense $1,973
  • Maintenance Expense $6,852
  • Other Expense $893
  • Water Sewer Expense $270
  • New Taxes Expense $2,074
  • Operating Expense $20,777
  • Gross Income $61,236
  • Net Operating Income $40,459

Listing and Financial Details

  • $2,074 special tax assessment

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

1.76 Acres

Listing Details

  • Property Type: Multi-Family
  • Miscellaneous Package Available: Yes
  • Unit Info Average Monthly Rent Two Bedroom: 975.0
  • Unit Info Average Monthly Rent Studios: 430.0
  • LotSizeAcres: 1.76
  • Lot Size: Irregular
  • CapRate: 10.82
  • Supplies Expense: 6852.0
  • Co List Office Mls Id: 286607
  • Subdivision Name: Unsubdivided
  • Location Tax Legal: Tax Year: 2015
  • Location Tax Legal: Community: None
  • Location Tax Legal: Municipality/Zoning: Pima County - CB2
  • General Property Information: Lot Dimensions: Irregular
  • General Property Information: List Price/SqFt: 35.48
  • General Property Information: Lot Size Price/SqFt: 5.2
  • Sewer: Connected: Yes
  • Main Cooling: Central Air: Yes
  • Property Disclosures: Lead-Based Paint: Yes
  • Construction: Concrete Block: Yes
  • Main Cooling: Wall Unit(s): Yes
  • Main Cooling: Evaporative Cooling: Yes
  • Main Heating: Wall Furnace: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Steps: No
  • Interior Features: Furnished: Yes

Exterior Features

  • Disclosures: Lead Based Paint, Military Airport Vct, Public Airport Vcty
  • Construction Type: Concrete Block

Utilities

  • Miscellaneous Master Elec Meter: Yes
  • Miscellaneous Master Gas Meter: Yes
  • Miscellaneous Master Water Meter: Yes
  • Utilities: Sewer Connected
  • Cooling: Central Air, Evaporative Cooling, Wall Unit(s)
  • Heating Yn: Yes

Fee Information

  • Expenses Contract Services: 1678.0
  • Expenses Figures Presented: Proforma
  • Expenses Gas Electric: 7036.79
  • Expenses Maintenance Supplies: 6852.0
  • Expenses Other Expenses: 893.0
  • Expenses Taxes Assessments: 2074.0
  • Annual Fuel Expense: 7036.79
  • Annual Water Sewer Expense: 270.0

Lot Info

  • Lot Size Sq Ft: 76666.0
  • Zoning: Pima County - CB2

Building Info

  • Year Built: 1947

Tax Info

  • Tax Year: 2015
  • New Taxes Expense: 2074.0

Multi Family

  • Annual Gross Income: 61236.0
  • Insurance Expense: 1973.08
  • Property Net Operating Income: 40459.13
  • Annual Operating Expense: 20776.87

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Mortimore, AZ

See All Agents

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
-- None Available
Oien Lori $374,000 Fidelity Natl Title Agency I
Haas Phillip G -- None Available
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 $499,686
Previous Owner Oien Lori $487,000
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
02/15/2017 02/15/17 Sold $374,000 0.0% $33 / Sq Ft
01/16/2017 01/16/17 Pending -- -- --
07/08/2016 07/08/16 For Sale $374,000 -- $33 / 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 $1,325 $10,489
2025 $1,325 $9,989
2024 $1,257 $9,514
2023 $987 $9,061 $0 $0
2022 $940 $8,629 $0 $0
2021 $968 $7,827 $0 $0
2020 $976 $16,000 $0 $0
2019 $963 $8,718 $0 $0
2018 $1,870 $7,350 $0 $0
2017 $1,014 $7,350 $0 $0
2016 $945 $7,000 $0 $0
2015 $842 $7,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 21619138

MLS of Southern Arizona
Your Personal Tour Guide

Ask me questions while you tour the home.