$220,000
SOLD NOV 25, 2020
-- Bed
-- Bath
1,375 Sq Ft
9,017 Sq Ft Lot

Recently Sold

$160 Per Sq Ft

12% Below List Price

67 Days on Market

About This Home

As of July 2021

Cash Cow! Centrally located fourplex in a strong rental area. Unit mix is two 2/1units, one 1/1 unit and one studio. Year built is 1947 & 1989. Rents are actual expenses are proforma. Property is fully occupied and collecting $2605 per month. This is a non-conforming fourplex. Assessor is showing the property as two single family homes. If offer is other than cash verify with a lender prior to offer. Seller financing available with 40% down.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 09/04/2020

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

  • $1,978

Year Built

  • Built in 1947

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Legal Lot and Block 10 / 2
  • Assessor Parcel Number 107-11-040

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 76x118
  • Coronado Heights Subdivision

Building Details

  • Operating Expense $9,078
  • Gross Income $29,384
  • Net Operating Income $20,307

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,978

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Cross Street: First Ave & Ft Lowell
  • Legal Info Range: 13
  • Property Type: Multiple Dwellings
  • Zoning: Tucson-R2
  • Number Of Buildings: 2
  • Year Built: 1947
  • Tax Year: 2019
  • Directions: First Avenue & Ft Lowell, South to Delano, west to property
  • Road Surface Type: Asphalt
  • Subdivision Name: Coronado Heights
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Stucco, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: City Electric
  • Cooling: Evaporative Cooling, Wall/Window Unit(s), Ceiling Fan(s)
  • Cooling Y N: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3000.0

Lot Info

  • Lot Size: 76x118
  • Additional Parcels: No
  • Parcel #: 107-11-040

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 29384.4
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2900.0
  • Property Net Operating Income: 20307.0
  • Annual Operating Expense: 9078.46
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 1978.46
  • Tax Block: 2
  • Tax Book Number: 107.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 16, 2025
Sold by
Horch Sharon
Bought by
443 E Delano St Llc
Current Estimated Value
$554,969

Purchase Details

Listed on
Jun 28, 2021
Closed on
Jul 22, 2021
Sold by
Horch Brian and Horch Sharon
Bought by
Horch Sharon
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$328,000
Sold Price
$345,000
Premium/Discount to List
$17,000
5.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.52%
Original Mortgage
$239,260
Interest Rate
3%

Purchase Details

Listed on
Sep 4, 2020
Closed on
Nov 23, 2020
Sold by
Sackett Grayson and The Theodore T Sackett Trust
Bought by
Soldi Realty Partners Llc
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$249,000
Sold Price
$220,000
Premium/Discount to List
-$29,000
-11.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
93.80%
Original Mortgage
$220,000
Interest Rate
2.8%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Apr 9, 2014
Sold by
Spivey Gordon Russell
Bought by
Sackett Grayson

Purchase Details

Closed on
Sep 21, 2004
Sold by
Neal Patrick J and Neal Anna M
Bought by
Spivey Gordon Russell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
5.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2001
Sold by
Neal Patrick J and Neal Anna M
Bought by
Tripp Mark
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Interfamily Deed Transfer -- Fidelity Natl Ttl Agcy Inc
Warranty Deed $341,800 Fidelity Natl Ttl Agcy Inc
Interfamily Deed Transfer -- Fidelity Natl Ttl Agcy Inc
Warranty Deed $341,800 Fidelity Natl Ttl Agcy Inc
Warranty Deed $220,000 Stewart Title & Tr Of Tucson
Cash Sale Deed $121,900 Title Security Agency Of Az
Warranty Deed $170,000 --
Warranty Deed $170,000 --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $239,260 No Value Available
Previous Owner $220,000 Stand Alone First
Previous Owner $136,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold $345,000 +5.2% $251 / Sq Ft
06/28/2021 06/28/21 For Sale $328,000 +49.1% $239 / Sq Ft
11/25/2020 11/25/20 Sold $220,000 0.0% $83 / Sq Ft
11/25/2020 11/25/20 Sold $220,000 -11.6% $160 / Sq Ft
11/09/2020 11/09/20 For Sale $249,000 0.0% $181 / Sq Ft
11/09/2020 11/09/20 Price Changed $249,000 0.0% $181 / Sq Ft
10/26/2020 10/26/20 Pending -- -- --
09/04/2020 09/04/20 For Sale $249,000 +13.2% $181 / Sq Ft
08/14/2020 08/14/20 For Sale $220,000 -- $83 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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
2024 $2,148 $18,368 -- --
2023 $2,148 $17,493 -- --
2022 $2,195 $16,660 $0 $0
2021 $2,148 $15,111 $0 $0
2020 $2,135 $15,111 $0 $0
2019 $2,080 $17,705 $0 $0
2018 $2,013 $13,054 $0 $0
2017 $1,978 $13,054 $0 $0
2016 $1,870 $12,432 $0 $0
2015 $1,811 $11,840 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6127786

Arizona Regional Multiple Listing Service (ARMLS)

APN: 107-11-0400