NOT LISTED FOR SALE
Studio
-- Bath
3,632 Sq Ft
43 Sq Ft Lot

Sale Details

Date Sold: December 30, 2021

Last sale price $690,000 $190 Per Sq Ft

84 Days on Market

Highlights

  • RV Access or Parking
  • Mountain View
  • Granite Countertops
  • 0.38 Acre Lot
  • Ranch Style House
  • No HOA

About This Home

As of December 2021

Incredible CASH FLOWING turnkey 5-plex in central Tucson! Growing area near Grant Rd! Manage less units w the income of a larger property. Low maintenance! Great tenants with room to increase rents. Many Improvements such as: New roofs, New AC's (efficient), new windows, New electrical panels (and interior electrical), new water line, new plumbing (interior), and more. RENTS: Unit 1: $1,000 Unit 2: $1,000 Unit 3: $700 Unit 4: $1,025 Unit 5: $1,095. 4 units 2bed 1 bath units, plus 1: 1bed 1bath. Agent/Owner

Last Agent to Sell the Property

Charles Loschiavo II

Keller Williams Southern Arizona Listed on: 10/07/2021

Last Buyer's Agent

Shaun McClusky

Palo Verde Real Estate

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 43 Sq Ft Lot
  • Lot Dimensions are 93x185
  • Wood Fence
  • Block Wall Fence
  • Chain Link Fence

Home Design

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

Interior Spaces

  • 3,632 Sq Ft Home
  • Ceiling Fan
  • Window Treatments
  • Family Room
  • Combination Dining and Living Room
  • Storage Room
  • Ceramic Tile Flooring
  • Mountain Views

Kitchen

  • Breakfast Area or Nook
  • Gas Oven
  • Gas Range
  • Granite Countertops

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 5 Parking Spaces
  • Carport
  • Driveway
  • RV Access or Parking

Outdoor Features

  • Courtyard
  • Shed

Schools

  • Wright Elementary School
  • Doolen Middle School
  • Catalina High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Accessible Hallway
  • North or South Exposure
  • Ground Level

Listing and Financial Details

  • $3,500 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • The community has rules related to covenants, conditions, and restrictions, deed restrictions

Building Details

  • Insurance Expense $1,240
  • Water Sewer Expense $3,600
  • New Taxes Expense $3,500
  • Operating Expense $8,340
  • Gross Income $57,840
  • Net Operating Income $49,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

43 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Horses: No
  • LotSizeAcres: 0.38
  • Lot Size: 93x185
  • Road Surface Type: Paved
  • CapRate: 7.17
  • Co List Office Mls Id: 478313
  • Subdivision Name: Catalina Farms Annex
  • Location Tax Legal: Tax Year: 2020
  • Location Tax Legal: Community: None
  • Location Tax Legal: Municipality/Zoning: Tucson - R2
  • Location Tax Legal: Municipal Flood Zone: No
  • General Property Information: Dwelling Type: Quadruplex
  • General Property Information: Construction Status: Existing
  • General Property Information: Lot Dimensions: 93x185
  • General Property Information: Horse Property: No
  • General Property Information: Elementary School: Wright
  • General Property Information: Middle School: Doolen
  • General Property Information: High School: Catalina
  • General Property Information: Horse Facilities: No
  • General Property Information: List Price/SqFt: 199.61
  • General Property Information: Lot Size Price/SqFt: 43.8
  • Sewer: Connected: Yes
  • Fence: Block: Yes
  • Main Cooling: Central Air: Yes
  • Main Heating: Forced Air: Yes
  • Water Heater: Natural Gas: Yes
  • Association Fees: HOA: No
  • Technology: High Speed Internet: Yes
  • Driveway: Paved: Gravel
  • Subdivision Restrict: CC&Rs: Yes
  • View: Mountains: Yes
  • Main Heating: Electric: Yes
  • Extra Room: Storage: Yes
  • Fence: Chain Link: Yes
  • Location Tax Legal: FEMA Flood Zone: No
  • Fence: Wood: Yes
  • General Property Information: Attached/Detached: Attached
  • Unit 1 Information: Stories: Single
  • Unit 2 Information: Stories: Single
  • Lot Features: North/South Exposure: Yes
  • Technology: Cable TV: Yes
  • Subdivision Restrict: Age Restrictions: No
  • Subdivision Restrict: Deed Restrictions: Yes
  • Accessibility Option: Wide Hallways: Yes
  • Construction: Concrete Block: Yes
  • Style: Ranch: Yes
  • Breakfast: Area: Yes
  • Unit 3 Information: Stories: Single
  • Unit 4 Information: Stories: Single
  • Special Features: None

Interior Features

  • Kitchen Features Appliance Color: White
  • Kitchen Features Countertops: granite
  • Kitchen Features Oven: gas
  • Interior Steps: No
  • Appliances: Gas Range, Refrigerator
  • Kitchen Features: Gas Range: Yes
  • Laundry: Laundry Room: Yes
  • Interior Features: Ceiling Fan(s): Yes
  • Floor Covering: Ceramic Tile: Yes
  • Window Covering: Stay: Yes
  • UnitTypeFurnished: No
  • UnitTypeFurnished: No
  • Unit 1 Information: Furnished: No
  • Unit 2 Information: Floor: 1st
  • Unit 2 Information: Furnished: No
  • Dining Room: Area: Yes
  • Laundry: Outside: Yes
  • Dining Areas: Dining in LR/GR: Yes
  • UnitTypeFurnished: No
  • UnitTypeFurnished: No
  • Unit 3 Information: Furnished: No
  • Unit 4 Information: Furnished: No
  • Living Areas: Family Room: Yes

Exterior Features

  • ExteriorFeatures: Courtyard
  • Roof: Shingle
  • View: Mountain(s)
  • Construction Type: Concrete Block
  • Other Structures: Shed(s)
  • Patio And Porch Features: None
  • Roof: Shingle: Yes
  • Exterior Feature: Shed(s): Yes
  • Exterior Feature: Courtyard: Yes

Garage/Parking

  • RV Parking: Space Available: Yes
  • General Property Information: Total Parking: 5
  • Unit 2 Information: Parking: Carport
  • Unit 3 Information: Parking: Carport

Utilities

  • Electric Electric Company: TEP
  • Utilities: Sewer Connected
  • Laundry Features: Laundry Room, Outside
  • Cooling: Central Air
  • Heating Yn: Yes
  • Water Source: Public
  • Gas: Natural: Yes

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Taxes Assessments: 3500.0
  • Annual Water Sewer Expense: 3600.0

Schools

  • Junior High Dist: TUSD
  • Middle Or Junior School: Doolen

Lot Info

  • Lot Features: North/South Exposure
  • Lot Size Sq Ft: 43.0
  • Zoning: Tucson - R2

Building Info

  • Year Built: 1955

Rental Info

  • Utilities Paid Trash: Owner

Tax Info

  • Tax Year: 2020
  • New Taxes Expense: 3500.0

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 57840.0
  • Insurance Expense: 1240.0
  • Property Net Operating Income: 49500.0
  • Annual Operating Expense: 8340.0

MLS Schools

  • Elementary School: Wright
  • High School: Catalina

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2021
Closed on
Dec 28, 2021
Sold by
Bought by
Seller's Agent
Charles Loschiavo II
Keller Williams Southern Arizona
Buyer's Agent
Shaun McClusky
Palo Verde Real Estate
List Price
$750,000
Sold Price
$690,000
Premium/Discount to List
-$60,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Outstanding Balance
$410,652
Interest Rate
3.11%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 5, 2017
Closed on
Mar 14, 2018
Sold by
Bought by
Seller's Agent
Tommy Thompson
Vance Realty
Buyer's Agent
Chaz Loschiavo
Real Broker
List Price
$240,000
Sold Price
$240,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.04%
Original Mortgage
$180,000
Interest Rate
4.15%
Mortgage Type
Unknown

Purchase Details

Listed on
Jul 5, 2017
Closed on
Mar 7, 2018
Sold by
Bought by
Seller's Agent
Tommy Thompson
Vance Realty
Buyer's Agent
Chaz Loschiavo
Real Broker
List Price
$240,000
Sold Price
$240,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.15%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 30, 2012
Sold by
Bought by

Purchase Details

Closed on
Dec 20, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.51%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$690,000 Pioneer Title Agency Inc
-- Stewart Title & Trust Of Tuc
$240,000 Stewart Title & Trust Of Tuc
-- None Available
$140,000 --
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 $455,000
Closed $50,000
Previous Owner $441,000
Previous Owner $153,000
Previous Owner $180,000
Previous Owner $140,000
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 Prior Sale
12/30/2021 12/30/21 Sold $690,000 -4.8% $190 / Sq Ft
11/26/2021 11/26/21 Price Changed $725,000 -3.3% $200 / Sq Ft
10/07/2021 10/07/21 For Sale $750,000 +212.5% $206 / Sq Ft
03/13/2018 03/13/18 Sold $240,000 0.0% $66 / Sq Ft View Prior Sale
02/11/2018 02/11/18 Pending -- -- --
07/05/2017 07/05/17 For Sale $240,000 -- $66 / 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 $3,929 $31,186
2025 $3,929 $29,701
2024 $3,769 $28,287
2023 $3,556 $26,940 $0 $0
2022 $3,573 $25,657 $0 $0
2021 $3,553 $23,272 $0 $0
2020 $3,445 $23,271 $0 $0
2019 $3,567 $23,255 $0 $0
2018 $3,588 $21,691 $0 $0
2017 $3,567 $21,691 $0 $0
2016 $3,489 $20,658 $0 $0
2015 $3,384 $19,674 $0 $0
Source: Public Records

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Map

Source: MLS of Southern Arizona

MLS Number: 22125851

MLS of Southern Arizona
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