NOT LISTED FOR SALE

Estimated Value: $517,000 - $624,521

5 Beds
3 Baths
2,472 Sq Ft
$233/Sq Ft Est. Value

Last Sold June 06, 2024

Last sale price $503,000 $203 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,252/month

15 Days on Market

Highlights

  • Wood Flooring
  • Great Room
  • Covered Patio or Porch
  • Corner Lot
  • No HOA
  • 4-minute walk to Catalina Park

About This Home

As of June 2024

Great Location near 4th avenue and downtown Tucson. One block from 4th Ave, street car, groceries, restaurants, theaters, bar/clubs and pickle ball courts. Ride the street car to the Mercado, downtown, MSA Annex, U of A main gate and more.. Two 2 bedroom units in main building. One 1 bedroom in separate building. All 3 units share washer/dryer outside back patio. Add a little TLC to this property and it should appraise for around $550K. 848 N 3rd Ave is on same tax record. Allow 48 hours for trustee to respond. Limited SPDS and No Insurance letter. No showings without accepted contract. Do NOT Disturb Tenants. Tenant Leases are Month to Month. Trustee will look at all offers Tuesday AM May 7th.

Last Agent to Sell the Property

Tony Ray Baker

RE/MAX Professionals Listed on: 05/03/2024

Last Buyer's Agent

Marina Yoakum

OMNI Homes International

OMNI Homes International

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 58 Sq Ft Lot
  • Lot Dimensions are 63 x 130 x 63 x 130
  • Wood Fence
  • Corner Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Bungalow
  • Shingle Roof
  • Stucco
  • Lead Paint Disclosure

Interior Spaces

  • Bathtub and Shower Combination in Primary Bathroom
  • 2,472 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Treatments
  • Great Room
  • Combination Dining and Living Room
  • Laundry Located Outside

Kitchen

  • Gas Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Schools

  • Roskruge Elementary School
  • Roskruge Bilingual Magnet Middle School
  • Tucson High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Ground Level

Listing and Financial Details

  • $2,430 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • New Taxes Expense $2,430
  • Operating Expense $2,430
  • Gross Income $2,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Unit Info Average Monthly Rent One Bedroom: 450.0
  • Unit Info Average Monthly Rent Two Bedroom: 800.0
  • Horses: No
  • Lot Size: 63 x 130 x 63 x 130
  • Road Surface Type: Paved
  • CapRate: -0.07
  • Co List Office Mls Id: 538102
  • Subdivision Name: City Of Tucson
  • General Property Information: List Price/SqFt: 197.82
  • General Property Information: Lot Size Price/SqFt: 58.17
  • Special Features: None

Interior Features

  • Interior Steps: No
  • Appliances: Gas Range, Dishwasher

Exterior Features

  • ExteriorFeatures: None
  • Roof: Shingle
  • View: Residential
  • Construction Type: Stucco Finish
  • Patio And Porch Features: Covered

Garage/Parking

  • Parking Features: None

Utilities

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

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Taxes Assessments: 2429.75

Schools

  • Junior High Dist: TUSD
  • Middle Or Junior School: Roskruge Bilingual Magnet

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 58.0
  • Zoning: Tucson - HR3

Building Info

  • Year Built: 1937

Rental Info

  • Utilities Paid Trash: Tenant

Tax Info

  • Tax Year: 2023
  • New Taxes Expense: 2429.75

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 2100.0
  • Property Net Operating Income: -329.75
  • Annual Operating Expense: 2429.75

MLS Schools

  • Elementary School: Roskruge
  • High School: Tucson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2024
Closed on
Jun 5, 2024
Sold by
Porter Trust and Trustbank
Bought by
Yoakum Marina and Yoakum David
Seller's Agent
Tony Ray Baker
RE/MAX Professionals
Buyer's Agent
Marina Yoakum
OMNI Homes International
List Price
$489,000
Sold Price
$503,000
Premium/Discount to List
$14,000
2.86%
Views
181
Current Estimated Value
$583,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,176
Avg. Annual Appreciation
8.43%

Purchase Details

Listed on
May 3, 2024
Closed on
Jun 3, 2024
Sold by
Porter Trust and Trustbank
Bought by
Yoakum Marina and Yoakum David
Seller's Agent
Tony Ray Baker
RE/MAX Professionals
Buyer's Agent
Marina Yoakum
OMNI Homes International
List Price
$489,000
Sold Price
$503,000
Premium/Discount to List
$14,000
2.86%
Views
181

Purchase Details

Closed on
May 14, 2008
Sold by
Porter Penelope A
Bought by
Porter Penelope A
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Yoakum Marina $503,000 Fidelity National Title Agency
Yoakum Marina $503,000 Fidelity National Title Agency
Yoakum Marina $503,000 Fidelity National Title Agency
Porter Penelope A -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2024 06/06/24 Sold $503,000 +2.9% $203 / Sq Ft
05/17/2024 05/17/24 Pending -- -- --
05/02/2024 05/02/24 For Sale $489,000 -- $198 / Sq Ft
Source: MLS of Southern Arizona

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
2026 $2,684 $21,309 -- --
2025 $2,684 $20,294 -- --
2024 $2,428 $19,328 -- --
2023 $2,428 $18,407 -- --
2022 $2,442 $17,531 $0 $0
2021 $2,428 $15,901 $0 $0
2020 $2,354 $19,960 $0 $0
2019 $2,323 $29,489 $0 $0
2018 $2,272 $13,736 $0 $0
2016 $2,211 $13,082 $0 $0
2015 $2,144 $12,459 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22411009

MLS of Southern Arizona

APN: 117-03-0230