NOT LISTED FOR SALE
Studio
-- Bath
15,950 Sq Ft
1.65 Acres Lot

Sale Details

Date Sold: December 31, 2015

Last sale price $995,000 $62 Per Sq Ft

66 Days on Market

About This Home

As of December 2015

A great investment opportunity ''Pride of Ownership'' 24 Unit apartment complex in central location. Situated just north of Grant Rd, and west of Dodge. Strong rental market are with access to shopping conveniences and public transportation. Property shows history of long term tenants, lush landscaping and privacy. Each unit has a fenced yard and the pool is centrally located within the complex. All units have been well maintained and several have been remodeled.

Last Agent to Sell the Property

Alain Hartmann

Hartmann Commercial Real Estate LLC License #BR011779000 Listed on: 06/30/2015

Last Buyer's Agent

Alain Hartmann

Hartmann Commercial Real Estate LLC License #BR011779000 Listed on: 06/30/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 1.65 Acre Lot
  • Lot Dimensions are 240 x 300

Home Design

  • 15,950 Sq Ft Home

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • Insurance Expense $7,700
  • Maintenance Expense $5,360
  • Manager Expense $7,500
  • Other Expense $11,983
  • Water Sewer Expense $9,130
  • New Taxes Expense $16,244
  • Operating Expense $57,917
  • Gross Income $157,364
  • Net Operating Income $99,447

Listing and Financial Details

  • $16,244 special tax assessment

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

1.65 Acres

Listing Details

  • Property Type: Multi-Family
  • Miscellaneous Package Available: Yes
  • Unit Info Average Monthly Rent One Bedroom: 525.0
  • Unit Info Average Monthly Rent Two Bedroom: 625.0
  • Unit Info Average Monthly Rent Three Bedroom: 750.0
  • Unit Info Average Monthly Rent Studios: 435.0
  • Lot Size: 240 x 300
  • CapRate: 9.99
  • Supplies Expense: 5360.0
  • Co List Office Mls Id: 5389
  • Subdivision Name: Grantland Acres
  • General Property Information: List Price/SqFt: 68.97
  • General Property Information: Lot Size Price/SqFt: 15.29
  • Special Features: None
  • Property Sub Type: MultiFamily

Utilities

  • Miscellaneous Master Water Meter: Yes
  • Utilities: Sewer Connected
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Maintenance Supplies: 5360.0
  • Expenses Other Expenses: 11983.0
  • Expenses Resident Manager: 7500.0
  • Expenses Taxes Assessments: 16244.0
  • Annual Water Sewer Expense: 9130.0

Lot Info

  • Lot Size Sq Ft: 15.0
  • Zoning: Tucson - R2

Building Info

  • Year Built: 1962

Tax Info

  • Tax Year: 2014
  • New Taxes Expense: 16244.0

Multi Family

  • Annual Gross Income: 157364.0
  • Insurance Expense: 7700.0
  • Resident Manager Expense: 7500.0
  • Property Net Operating Income: 99447.0
  • Annual Operating Expense: 57917.0
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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
12/31/2015 12/31/15 Sold $995,000 0.0% $62 / Sq Ft
12/01/2015 12/01/15 Pending -- -- --
06/27/2015 06/27/15 For Sale $995,000 -- $62 / 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 -- $55,566 -- --
2025 -- $52,920 -- --
2024 -- $50,400 -- --
2023 -- $50,400 -- --
2022 -- $50,140 $9,000 $42,027
2021 $0 $0 $0 $0
2020 $0 $45,600 $0 $0
2019 $6,643 $43,313 $0 $0
2018 $6,823 $45,739 $0 $0
2017 $7,670 $45,739 $0 $0
2016 $7,791 $45,739 $0 $0
2015 $7,928 $45,739 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21518493

MLS of Southern Arizona
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