$585,000
SOLD JUN 9, 2017
-- Bed
-- Bath
3,032 Sq Ft
0.27 Acres

Recently Sold

$193 Per Sq Ft

3 Days on Market

About This Home

As of October 2021

Central Tucson neighborhood is abuzz over the newly renovated 8 unit apartment complex now known as 'eight on 2nd'. Easy to recognize its close proximity to everything residents need - including the UofA, shopping, restaurants and even the nationally acclaimed Basis School. Savvy investors will love this distinctive turnkey property with an attractive 8.73% cap rate with no deferred maintenance. The apartments shine with new stainless steel appliances and thoughtful contemporary touches.

Last Agent to Sell the Property

Christopher Sands

World Class Properties Listed on: 05/06/2017

Last Buyer's Agent

Robin Alvarez

Ochoa Realty & Property Management

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,972

Year Built

  • Built in 1980

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 94.41'x123.46'x89.84'x114.9'

Home Design

  • 3,032 Sq Ft Home

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • $3,025 special tax assessment

Community Details

Overview

  • Speedway Park Addition Subdivision

Building Details

  • Fuel Expense $225
  • Insurance Expense $1,480
  • Water Sewer Expense $2,000
  • Gross Income $58,200
  • Net Operating Income $51,470

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,972

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Legal Description: S123.46' N630' W94.41' E648.57' NE4 NE4 .27 AC SEC 9-14-14
  • List Price per Sq Ft: 194.56
  • Unit Info Average Monthly Rent One Bedroom: 600.00
  • Unit Info Average Monthly Rent Studios: 550.00
  • Unit Info Number Of Units1 B R: 4
  • Unit Info Number Of Units Studios: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Gross Sq Ft: 3032.00

Utilities

  • Water: City Water
  • Fire Protection: Included in Taxes
  • Main Cooling: Wall Unit(s)
  • Main Heating: Wall
  • Sewer: Connected
  • Miscellaneous Master Water Meter: Yes

Condo/Co-op/Association

  • Community: None

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Gas Electric: 225.00
  • Expenses Taxes Assessments: 3024.56

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Lot Acres: 0.27
  • Lot Dimensions: 94.41'x123.46'x89.84'x114.9'
  • Lot Size Price Sq Ft: 49.90
  • Lot Sq Ft: 11821.00
  • Lot Sz Sold Prc Sq Ft: 49.49
  • Municipality Zoning: Pima County - R3

Building Info

  • Year Built: 1980

Tax Info

  • Tax Code: 125-10-009G
  • Taxes: 2972.28
  • Tax Year: 2016

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
10/28/2021 10/28/21 Sold $837,950 0.0% $276 / Sq Ft
09/28/2021 09/28/21 Pending -- -- --
04/02/2021 04/02/21 For Sale $837,950 +43.2% $276 / Sq Ft
06/09/2017 06/09/17 Sold $585,000 0.0% $193 / Sq Ft
05/10/2017 05/10/17 Pending -- -- --
05/06/2017 05/06/17 For Sale $585,000 +129.4% $193 / Sq Ft
12/29/2016 12/29/16 Sold $255,000 0.0% $84 / Sq Ft
11/29/2016 11/29/16 Pending -- -- --
10/11/2016 10/11/16 For Sale $255,000 -- $84 / Sq Ft
Source: MLS of Southern Arizona

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21712465

MLS of Southern Arizona