NOT LISTED FOR SALE
4 Beds
4 Baths
2,100 Sq Ft
1970 Built

Last Sold November 16, 2020

Last sale price $650,000 $310 Per Sq Ft

6 Days on Market

About This Home

As of November 2020

Six unit apartment complex located on a large corner lot of almost a half an acre. Great location near Glenn & Dodge roads. Comprised of three duplex buildings with all 2/2 units approximately 1050 sqft each. property is well laid out with a central courtyard and a covered parking structure on the north side of the lot. Tremendous value add opportunity to substantially increase rents with upgrades. Listing income and expenses are based on current rent roll and 2019 expenses. Three new leases have been signed this year. One unit is currently vacant receiving renovations and will be rented at $1000 per month. The property is owner managed. Two & a half years financials and rent roll attached under the document tab.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 09/05/2020

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,833

Year Built

  • Built in 1970

Home Design

  • Block Exterior

Parking

  • 6 Open Parking Spaces
  • 11 Parking Spaces
  • 5 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Legal Lot and Block 00010 / 001
  • Assessor Parcel Number 111-08-025

Community Details

Overview

  • 3 Buildings
  • 6 Units
  • Building Dimensions are 120x150
  • Grantland Acres Subdivision

Building Details

  • Operating Expense $4,833
  • Gross Income $70,165
  • Net Operating Income $57,553

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,833

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: Dodge & Bermuda
  • Legal Info Range: 14
  • Property Type: Multiple Dwellings
  • Zoning: Tucson-R2
  • Number Of Buildings: 3
  • Year Built: 1970
  • Tax Year: 2019
  • Directions: Glenn & Dodge south to the property. On the NW corner of Dodge & Bermuda.
  • Road Surface Type: Asphalt
  • Subdivision Name: GRANTLAND ACRES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None, Other (See Remarks)
  • Construction Type: Painted, Block
  • Roof: Other, See Remarks
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 11.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 11.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: City Electric
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Lot Info

  • Lot Size: 120x150
  • Additional Parcels: No
  • Parcel #: 111-08-025

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 70165.0
  • Property Net Operating Income: 57553.0
  • Annual Operating Expense: 4833.0

Tax Info

  • Tax Annual Amount: 4833.0
  • Tax Block: 001
  • Tax Book Number: 111.00
  • Tax Lot: 00010

Range of Values:

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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 Change Sq Ft Price
11/16/2020 11/16/20 Sold $650,000 0.0% $310 / Sq Ft
09/10/2020 09/10/20 Pending -- -- --
09/04/2020 09/04/20 For Sale $650,000 +128.1% $310 / Sq Ft
04/10/2014 04/10/14 Sold $285,000 0.0% $45 / Sq Ft
03/11/2014 03/11/14 Pending -- -- --
02/17/2014 02/17/14 For Sale $285,000 -- $45 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6127833

Arizona Regional Multiple Listing Service (ARMLS)