NOT LISTED FOR SALE

Estimated Value: $381,000 - $605,130

6 Beds
3 Baths
3,000 Sq Ft
$157/Sq Ft Est. Value

Sale Details

Date Sold: May 9, 2022

Last sale price $570,000 $190 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $2,877 / mo

13 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Family Room Off Kitchen
  • Corner Lot
  • Breakfast Area or Nook
  • 2-minute walk to Anza Park

About This Home

As of May 2022

Please do not disturb tenants. This charming Bungalow house in the Historic Feldman Neighborhood offers a great opportunity for an owner occupy or investor. The property is conveniently located near the University of Arizona, Pima Community College, 4th Avenue, and downtown. The recently renovated De Anza Park, which now includes a new dog playground, is located across the street. The property is also zoned for commercial use providing countless more possibilities, for example a buyer could have a business facing Speedway while renting the other three units. The property consists of two building structures with different mailing addresses; a triplex that is facing Speedway and a two-bedroom unit on 7th Avenue. The property has seen many upgrades over the past several years ranging This charming Bungalow house in the Historic Feldman Neighborhood offers a great opportunity for an owner occupy or investor. The property is conveniently located near the University of Arizona, Pima Community College, 4th Avenue, and downtown. The recently renovated De Anza Park, which now includes a new dog playground, is located across the street. The property is also zoned for commercial use providing countless more possibilities, for example a buyer could have a business facing Speedway while renting the other three units. The property consists of two building structures with different mailing addresses; a triplex that is facing Speedway and a two-bedroom unit on 7th Avenue. The property has seen many upgrades over the past several years ranging from roof extensions to the replacement of the property fencing, the installation of new laundry services, and a new A/C unit. The owner has also tried their best to not alter the building's historic character when possible, such as restoring the original hardwood flooring in one of the units and getting a lock customized so as to not have to replace the original steel glass door. Take advantage of this great investment opportunity in a great location as all four units are fully occupied by tenants, or live/work in one unit while renting the other units out. Rents currently below market value with room to improve! Actual CAP rate is 5.6%. Estimated Proforma CAP Rate is 7.8% when adjusting rents to estimated current market value. Please Do Not Disturb the Tenants. Tenants in place and NO showings without accepted contract. Buyer to verify all facts and figures. Owner is licensed real estate salesperson in the State of Arizona. Owner is related to listing agent.

Last Agent to Sell the Property

Alan Levario

Hot Casa Real Estate Listed on: 04/13/2022

Last Buyer's Agent

Anthony Schaefer

Long Realty License #BR645713000

Long Realty

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1932

Lot Details

  • 74 Sq Ft Lot
  • Wood Fence
  • Chain Link Fence
  • Corner Lot

Home Design

  • Quadruplex
  • Bungalow
  • Split Level Home
  • Frame Construction
  • Shingle Roof
  • Masonry
  • Frame With Stucco

Interior Spaces

  • 3,000 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Treatments
  • Family Room Off Kitchen
  • Living Room
  • Dining Area
  • Laundry Located Outside

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Gas Range

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Parking

  • 5 Parking Spaces
  • On-Street Parking

Location

  • Ground Level

Schools

  • Cragin Elementary School
  • Doolen Middle School
  • Tucson High School

Utilities

  • Forced Air Heating and Cooling System
  • Refrigerated and Evaporative Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • $3,114 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

  • Fuel Expense $1,878
  • Insurance Expense $659
  • Maintenance Expense $1,151
  • Other Expense $277
  • Water Sewer Expense $1,693
  • New Taxes Expense $3,114
  • Operating Expense $10,438
  • Gross Income $40,200
  • Net Operating Income $29,762

Property Details

Home Type

Multi-Family

Year Built

Built in 1932

Lot Details

74 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Unit Info Average Monthly Rent One Bedroom: 725.0
  • Unit Info Average Monthly Rent Two Bedroom: 950.0
  • Horses: No
  • LotSizeAcres: 0.18
  • Lot Size: Irregular
  • Road Surface Type: Paved
  • CapRate: 5.22
  • Supplies Expense: 1151.43
  • Co List Office Mls Id: 5706
  • Subdivision Name: Highland Park Addition
  • Location Tax Legal: Tax Year: 2021
  • Location Tax Legal: Community: None
  • Location Tax Legal: Municipality/Zoning: Tucson - C1
  • Location Tax Legal: Municipal Flood Zone: TBD
  • General Property Information: Dwelling Type: Quadruplex
  • General Property Information: Construction Status: Existing
  • General Property Information: Lot Dimensions: Irregular
  • General Property Information: Horse Property: No
  • General Property Information: Elementary School: Cragin
  • General Property Information: Middle School: Doolen
  • General Property Information: High School: Tucson
  • General Property Information: Horse Facilities: No
  • General Property Information: List Price/SqFt: 198.33
  • General Property Information: Lot Size Price/SqFt: 74.24
  • Construction: Frame - Stucco: Yes
  • Sewer: Connected: Yes
  • Main Cooling: Central Air: Yes
  • Main Heating: Forced Air: Yes
  • Association Fees: HOA: No
  • Technology: High Speed Internet: Yes
  • Subdivision Restrict: CC&Rs: Yes
  • Lot Features: Corner Lot: Yes
  • Fence: Chain Link: Yes
  • Location Tax Legal: FEMA Flood Zone: TBD
  • Construction: Masonry Stucco: Yes
  • Style: Bungalow: Yes
  • Fence: Wood: Yes
  • General Property Information: Attached/Detached: Detached
  • Unit 1 Information: Stories: Single
  • Unit 2 Information: Stories: Split
  • Technology: Cable TV: Yes
  • Subdivision Restrict: Age Restrictions: No
  • Subdivision Restrict: Deed Restrictions: Yes
  • Fence: Shared Fence: Yes
  • Main Cooling: Wall Unit(s): Yes
  • Main Cooling: Evaporative Cooling: Yes
  • Construction: Stucco Finish: Yes
  • Water Heater: Electric: Yes
  • Breakfast: Area: Yes
  • Unit 3 Information: Stories: Single
  • Unit 4 Information: Stories: Single
  • Special Features: None

Interior Features

  • Appliances: Gas Range
  • Kitchen Features: Gas Range: Yes
  • Interior Features: Ceiling Fan(s): Yes
  • Floor Covering: Ceramic Tile: Yes
  • Floor Covering: Carpet: Yes
  • Dining Areas: Breakfast Nook: Yes
  • Floor Covering: Wood: Yes
  • Window Covering: Some: Yes
  • UnitTypeFurnished: No
  • UnitTypeFurnished: No
  • Unit 1 Information: Furnished: No
  • Unit 2 Information: Floor: 1st
  • Unit 2 Information: Furnished: No
  • Living Areas: Living Room: Yes
  • Dining Room: Area: Yes
  • Laundry: Outside: Yes
  • UnitTypeFurnished: No
  • UnitTypeFurnished: No
  • Unit 3 Information: Floor: 1st
  • Unit 3 Information: Furnished: No
  • Unit 4 Information: Floor: 1st
  • Unit 4 Information: Furnished: No
  • Living Areas: Off Kitchen: Yes

Exterior Features

  • ExteriorFeatures: None
  • Roof: Shingle
  • View: None
  • Construction Type: Frame - Stucco, Masonry Stucco, Stucco Finish
  • Patio And Porch Features: None
  • Roof: Shingle: Yes

Garage/Parking

  • Parking Features: None
  • General Property Information: Total Parking: 5
  • Unit 2 Information: Parking: On Property
  • Unit 3 Information: Parking: On Property
  • Unit 4 Information: Parking: On Property

Utilities

  • Electric Electric Company: TEP
  • Utilities: Sewer Connected
  • Laundry Features: Outside
  • Cooling: Central Air, Evaporative Cooling, Wall Unit(s)
  • Heating Yn: Yes
  • Water Source: Public
  • Gas: Natural: Yes

Fee Information

  • Expenses Contract Services: 1665.0
  • Expenses Figures Presented: Actual
  • Expenses Gas Electric: 1877.59
  • Expenses Maintenance Supplies: 1151.43
  • Expenses Other Expenses: 276.98
  • Expenses Taxes Assessments: 3114.29
  • Annual Water Sewer Expense: 1692.87

Schools

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

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 74.0
  • Zoning: Tucson - C1

Building Info

  • Year Built: 1932

Rental Info

  • Utilities Paid Trash: Owner

Tax Info

  • Tax Year: 2021
  • New Taxes Expense: 3114.29

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 40200.0
  • Insurance Expense: 659.48
  • Property Net Operating Income: 29762.36
  • Annual Operating Expense: 10437.64

MLS Schools

  • Elementary School: Cragin
  • High School: Tucson

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
Apr 13, 2022
Closed on
May 9, 2022
Sold by
Bought by
Seller's Agent
Alan Levario
Hot Casa Real Estate
Buyer's Agent
Anthony Schaefer
Long Realty
List Price
$595,000
Sold Price
$570,000
Premium/Discount to List
-$25,000
-4.2%
Current Estimated Value
$471,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$98,623
Avg. Annual Appreciation
-4.32%

Purchase Details

Listed on
Feb 19, 2019
Closed on
May 29, 2019
Sold by
Bought by
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Abel Levario
Ascension Realty Investment LLC
List Price
$279,000
Sold Price
$279,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.15%
Original Mortgage
$273,946
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 21, 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
$74,000
Interest Rate
7.19%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Feldman's, AZ

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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
$570,000 New Title Company Name
$279,000 Empire West Title Agency Llc
$92,500 --
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
Previous Owner $273,946
Previous Owner $74,000
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
05/09/2022 05/09/22 Sold $570,000 -4.2% $190 / Sq Ft
04/26/2022 04/26/22 Pending -- -- --
04/13/2022 04/13/22 For Sale $595,000 +113.3% $198 / Sq Ft
06/24/2019 06/24/19 Sold $279,000 0.0% $93 / Sq Ft View Prior Sale
06/24/2019 06/24/19 Sold $279,000 0.0% -- View Prior Sale
05/25/2019 05/25/19 Pending -- -- --
05/21/2019 05/21/19 Pending -- -- --
05/03/2019 05/03/19 For Sale $279,000 0.0% --
04/17/2019 04/17/19 Pending -- -- --
03/26/2019 03/26/19 Price Changed $279,000 0.0% --
02/19/2019 02/19/19 For Sale $279,000 -14.2% $93 / Sq Ft
12/05/2018 12/05/18 For Sale $325,000 -- --
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 $3,497 $27,759
2025 $3,497 $26,437
2024 $3,162 $25,178
2023 $3,162 $23,979
2022 $3,181 $22,837 $0 $0
2021 $3,162 $20,714 $0 $0
2020 $3,066 $20,714 $0 $0
2019 $3,506 $32,302 $0 $0
2018 $3,429 $20,732 $0 $0
2016 $3,300 $19,745 $0 $0
2015 $3,199 $18,805 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22209300

MLS of Southern Arizona

APN: 115-08-1020

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