NOT LISTED FOR SALE

3603 E Lee St Tucson, AZ 85716

Palo Verde Neighborhood
8 Beds
4 Baths
2,701 Sq Ft
0.25 Acres

Last Sold August 17, 2018

Last sale price $299,000 $111 Per Sq Ft

21 Days on Market

Highlights

  • Ranch Style House
  • Ceramic Tile Flooring
  • Combination Dining and Living Room
  • Bathtub with Shower
  • Forced Air Heating and Cooling System
  • Back Yard

About This Home

As of August 2018

Solid 4-plex in midtown Tucson. Terrific rental history. All units have fenced yards. Rents are on the move up, so take advantage of the improving market. All 2 bedroom, 1 bath, tiled throughout. Central gas heat and evap cooling. Initiating a RUBS for water, tenants will pay their proportionate share. We have managed this since 2004.

Last Agent to Sell the Property

Glenn Bancroft

Bancroft & Associates Listed on: 06/26/2018

Co-Listed By

Sterling Bancroft

Bancroft & Associates

Last Buyer's Agent

Nina Marvcesim

OMNI Homes International

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,394

Year Built

  • Built in 1956

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 105.43 x 102.78
  • Chain Link Fence
  • Back Yard

Home Design

  • Quadruplex
  • Ranch Style House
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,701 Sq Ft Home
  • Window Treatments
  • Combination Dining and Living Room
  • Ceramic Tile Flooring
  • Gas Range

Bedrooms and Bathrooms

  • Dual Sinks
  • Bathtub with Shower

Parking

  • 8 Parking Spaces
  • No Driveway

Schools

  • Blenman Elementary School
  • Doolen Middle School
  • Catalina High School

Utilities

  • Forced Air Heating and Cooling System
  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • North or South Exposure
  • Ground Level

Listing and Financial Details

  • $2,394 special tax assessment

Community Details

Overview

  • Speedway Park Addition Subdivision
  • The community has rules related to deed restrictions

Amenities

  • No Laundry Facilities

Building Details

  • Fuel Expense $450
  • Insurance Expense $928
  • Maintenance Expense $3,270
  • Professional Management Expense $2,180
  • Water Sewer Expense $400
  • Gross Income $28,446
  • Net Operating Income $17,916

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,394

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 4 Plex
  • Style: Ranch
  • Technology: Cable TV
  • Accessibility Options: None
  • Legal Description: Speedway Park S105.43' W102.78' Lot 6, Block 3
  • Attached Detached: Attached
  • List Price per Sq Ft: 110.70
  • Subdivision Restrict C C And Rs: Yes
  • Unit Info Average Monthly Rent Two Bedroom: 598.00
  • Unit Info Number Of Units2 B R: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Window Coverings: Stay
  • Floor Covering: Ceramic Tile
  • Gross Sq Ft: 2701.00
  • Bathroom Features: Shower & Tub/Hall
  • Breakfast: None
  • Dining Areas: Dining in LR/GR
  • Dining Room: Area
  • Living Areas: Living Room
  • Laundry: None
  • Extra Room: None
  • Kitchen Features: Double Sink, Gas Range, Refrigerator
  • Interior Steps: No

Exterior Features

  • Construction: Concrete Block
  • Construction Status: Existing
  • F E M A Flood Zone: No
  • Fence: Chain Link
  • Landscape Front: Low Care
  • Landscape Rear: Low Care
  • Patio Deck: None
  • Pool: None
  • Road Maintenance: City
  • Roof: Shingle
  • Spa: None
  • View: None
  • Exterior Feature: None

Garage/Parking

  • Driveway: None
  • Total Parking: 8

Utilities

  • Water: City Water
  • Water Heater: Natural Gas
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Main Cooling: Central Air, Evaporative Cooling
  • Main Heating: Forced Air, Natural Gas
  • Security: None
  • Sewer: Connected

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: Yes
  • Neighborhood Features: None

Fee Information

  • Expenses Admin Expenses: 308.00
  • Expenses Contract Services: 600.00
  • Expenses Figures Presented: Proforma
  • Expenses Gas Electric: 450.00
  • Expenses Maintenance Supplies: 3270.00
  • Expenses Taxes Assessments: 2394.00

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.25
  • Lot Dimensions: 105.43 x 102.78
  • Lot Features: North/South Exposure
  • Lot Size Price Sq Ft: 27.46
  • Lot Sq Ft: 10890.00
  • Lot Sz Sold Prc Sq Ft: 27.46
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1956

Rental Info

  • Utilities Paid Cable TV: Tenant
  • Utilities Paid Electric: Tenant
  • Utilities Paid Gas: Tenant
  • Utilities Paid Insurance: Owner
  • Utilities Paid Sewer: Tenant
  • Utilities Paid Taxes: Owner
  • Utilities Paid Trash: Tenant
  • Utilities Paid Water: Tenant

Tax Info

  • Tax Code: 122-18-071D
  • Taxes: 2393.84
  • Tax Year: 2017
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Doolen
  • Elementary School: Blenman
  • High School: Catalina
  • School District: TUSD

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
08/17/2018 08/17/18 Sold $299,000 0.0% $111 / Sq Ft
07/18/2018 07/18/18 Pending -- -- --
06/26/2018 06/26/18 For Sale $299,000 0.0% $111 / Sq Ft
05/07/2017 05/07/17 Rented $625 0.0% --
04/07/2017 04/07/17 Under Contract -- -- --
03/09/2017 03/09/17 For Rent $625 +13.6% --
02/08/2016 02/08/16 Rented $550 0.0% --
02/08/2016 02/08/16 For Rent $550 0.0% --
03/03/2015 03/03/15 Rented $550 0.0% --
03/03/2015 03/03/15 For Rent $550 0.0% --
01/31/2013 01/31/13 Rented $550 0.0% --
01/01/2013 01/01/13 Under Contract -- -- --
11/14/2012 11/14/12 For Rent $550 -- --
Source: MLS of Southern Arizona

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Glenn Bancroft

    Seller's Agent in 2018

    Glenn Bancroft

    Bancroft & Associates

    (520) 917-7368

    9 Total Sales

    Glenn Bancroft
    Section Image

  • S

    Seller Co-Listing Agent in 2018

    Sterling Bancroft

    Bancroft & Associates

    30 Total Sales

    Sterling Bancroft
    Section Image

  • N

    Buyer's Agent in 2018

    Nina Marvcesim

    OMNI Homes International

  • K

    Seller's Agent in 2017

    Kimberly Keydoszius

    Bancroft & Associates

    Section Image

  • K

    Seller Co-Listing Agent in 2017

    Kara Bancroft

    Bancroft & Associates

  • D

    Seller Co-Listing Agent in 2013

    David Emory

    Bancroft & Associates

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 21817842

MLS of Southern Arizona
Arizona Pima County Tucson 85716 Palo Verde

3603 E Lee St, Tucson, AZ

Not Listed for Sale

MultiFamily

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