NOT LISTED FOR SALE

3831 E Lee St Tucson, AZ 85716

Palo Verde Neighborhood
Studio
-- Bath
4,381 Sq Ft
0.41 Acres

Last Sold September 21, 2017

Last sale price $270,000 $62 Per Sq Ft

156 Days on Market

About This Home

As of September 2017

Great investment opportunity. 5 2/1 units and 1 3/1 on large lot. Each 2br unit is evaporatively cooled and has small back yard. The 3br has a larger yard. Two of the roofs have been replaced in the past year. 4 units are ceramic tiled for ease of maintenance and all have central gas forced air furnaces and gas hot water. Professionally managed with proforma showing stabilized rents.

Last Agent to Sell the Property

Glenn Bancroft

Bancroft & Associates Listed on: 04/18/2017

Co-Listed By

Sterling Bancroft

Bancroft & Associates

Last Buyer's Agent

Jake Arnold

Keller Williams Southern Arizona

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,801

Year Built

  • Built in 1963

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 60 x 300

Home Design

  • 4,381 Sq Ft Home
  • Concrete Block And Stucco Construction

Utilities

  • Forced Air Heating and Cooling System
  • Evaporated cooling system
  • Heating System Uses Natural Gas

Listing and Financial Details

  • $3,801 special tax assessment

Community Details

Overview

  • Speedway Park Subdivision

Building Details

  • Fuel Expense $401
  • Insurance Expense $1,800
  • Professional Management Expense $3,898
  • Water Sewer Expense $4,245
  • Gross Income $42,286
  • Net Operating Income $19,705

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,801

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Legal Description: E2 Lot 11, Block 1, Speedway Park
  • List Price per Sq Ft: 67.34
  • Unit Info Average Monthly Rent Two Bedroom: 545.00
  • Unit Info Average Monthly Rent Three Bedroom: 695.00
  • Unit Info Number Of Units2 B R: 5
  • Unit Info Number Of Units3 B R: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Gross Sq Ft: 4381.00

Exterior Features

  • Construction: Concrete Block

Utilities

  • Water: City Water
  • Fire Protection: Included in Taxes
  • Main Cooling: Central Air, Evaporative Cooling
  • Main Heating: Forced Air, Natural Gas
  • Security: None
  • Sewer: Connected
  • Miscellaneous Master Water Meter: Yes

Condo/Co-op/Association

  • Community: None

Fee Information

  • Expenses Admin Expenses: 180.00
  • Expenses Capital Expenses: 6200.00
  • Expenses Contract Services: 2056.00
  • Expenses Figures Presented: Proforma
  • Expenses Gas Electric: 401.00
  • Expenses Taxes Assessments: 3801.00

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Lot Acres: 0.41
  • Lot Dimensions: 60 x 300
  • Lot Size Price Sq Ft: 16.39
  • Lot Sq Ft: 18000.00
  • Lot Sz Sold Prc Sq Ft: 15.00
  • Municipality Zoning: Tucson - R2

Building Info

  • Year Built: 1963

Tax Info

  • Tax Code: 122-18-0420
  • Taxes: 3801.10
  • Tax Year: 2016

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
09/21/2017 09/21/17 Sold $270,000 0.0% $62 / Sq Ft
08/22/2017 08/22/17 Pending -- -- --
04/18/2017 04/18/17 For Sale $270,000 -- $62 / Sq Ft
Source: MLS of Southern Arizona

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $4,044 $30,574 -- --
2024 $3,661 $29,119 -- --
2023 $3,661 $27,732 $0 $0
2022 $3,679 $26,411 $0 $0
2021 $3,657 $23,956 $0 $0
2020 $3,546 $23,974 $0 $0
2019 $3,499 $22,815 $0 $0
2018 $3,594 $22,474 $0 $0
2017 $3,696 $22,474 $0 $0
2016 $3,801 $22,474 $0 $0
2015 $3,868 $22,474 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Glenn Bancroft

    Seller's Agent in 2017

    Glenn Bancroft

    Bancroft & Associates

    (520) 917-7368

    9 Total Sales

    Glenn Bancroft
    Section Image

  • S

    Seller Co-Listing Agent in 2017

    Sterling Bancroft

    Bancroft & Associates

    31 Total Sales

    Sterling Bancroft
    Section Image

  • J

    Buyer's Agent in 2017

    Jake Arnold

    Keller Williams Southern Arizona

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 21710672

MLS of Southern Arizona
Arizona Pima County Tucson 85716 Palo Verde

3831 E Lee St, Tucson, AZ

Not Listed for Sale

MultiFamily

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