NOT LISTED FOR SALE

507 N Cherokee Ave Tucson, AZ 85745

Barrio Hollywood Neighborhood

Estimated Value: $305,780 - $382,000

6 Beds
4 Baths
2,000 Sq Ft
$174/Sq Ft Est. Value

Last Sold May 09, 2023

Last sale price $353,750 $177 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $1,926/month

201 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • Eat-In Kitchen
  • Secondary bathroom tub or shower combo
  • Covered Patio or Porch
  • Double Pane Windows

About This Home

As of May 2023

Great opportunity! Fully rented income property with room for cap rate growth. Check out this fantastic duplex in Tucson! 3 parking spaces and mature trees galore. Light & bright interior features an inviting living room, sizable bedrooms, and neutral palette & tile flooring throughout. Cook your favorite dishes in the fully equipped eat-in kitchen, including plenty of cabinets & counter space. You'll love the roomy main bedroom boasting a private ensuite for added comfort. The backyard has a wood fence and a covered patio, ideal for relaxing evenings. Don't wait! (Additional duplex available 509 N Cherokee Ave).

Last Agent to Sell the Property

Oscar Duarte

Keller Williams Southern Arizona Listed on: 10/19/2022

Co-Listed By

Krista Wells

Keller Williams Southern Arizona

Last Buyer's Agent

Larry Burr

ATLAS AZ, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2004

Lot Details

  • 50 Sq Ft Lot
  • Lot Dimensions are 57x151x41x150
  • Lot includes common area
  • East or West Exposure
  • Wood Fence
  • Landscaped with Trees
  • Subdivision Possible

Home Design

  • Duplex
  • Ranch Style House
  • Frame Construction
  • Shingle Roof
  • Siding
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,000 Sq Ft Home
  • Double Pane Windows
  • Window Treatments
  • Living Room
  • Dining Area
  • Laundry Located Outside

Kitchen

  • Eat-In Kitchen
  • Oven
  • Electric Range
  • Dishwasher
  • Laminate Countertops
  • Prep Sink
  • Disposal

Flooring

  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • Bathtub and Shower Combination in Primary Bathroom
  • Secondary bathroom tub or shower combo

Parking

  • 3 Parking Spaces
  • Driveway

Outdoor Features

  • Covered Patio or Porch

Location

  • Ground Level
  • Flood Zone Lot

Schools

  • Manzo Elementary School
  • Mansfeld Middle School
  • Tucson High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Not Available
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Maintenance Expense $2,080
  • Professional Management Expense $1,704
  • Water Sewer Expense $1,758
  • Operating Expense $5,542
  • Gross Income $1,890

Property Details

Home Type

Multi-Family

Year Built

Built in 2004

Lot Details

50 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Horses: No
  • Lot Size: 57X151X41X150
  • Road Surface Type: Paved
  • CapRate: -1.03
  • Professional Management Expense: 1703.65
  • Supplies Expense: 2079.9
  • Co List Office Mls Id: 478313
  • Co List Office Phone: 520-615-8400
  • Co List Office Mls Id: 51122
  • Subdivision Name: El Rio Park
  • General Property Information: List Price/SqFt: 185.0
  • General Property Information: Lot Size Price/SqFt: 50.56
  • Special Features: None

Interior Features

  • Kitchen Features Appliance Color: Other
  • Kitchen Features Countertops: Laminate
  • Kitchen Features Missing: 0
  • Kitchen Features Oven: 1
  • Interior Steps: No
  • Appliances: Disposal, Electric Range, Prep Sink, Dishwasher
  • Window Features: Double Pane Windows

Exterior Features

  • ExteriorFeatures: None
  • Roof: Shingle
  • View: None
  • Construction Type: Concrete Block, Frame - Stucco
  • Patio And Porch Features: Covered, Patio

Utilities

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

Condo/Co-op/Association

  • Amenities: None

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Maintenance Supplies: 2079.9
  • Annual Water Sewer Expense: 1758.41

Schools

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

Lot Info

  • Lot Features: Borders Common Area, Dividable Lot, East/West Exposure, Decorative Gravel
  • Lot Size Sq Ft: 50.0
  • Zoning: Tucson - R2

Building Info

  • Year Built: 2004

Rental Info

  • Utilities Paid Landscaping: Owner
  • Utilities Paid Trash: Owner

Tax Info

  • Tax Year: 2021

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 1890.0
  • Property Net Operating Income: -3651.96
  • Annual Operating Expense: 5541.96

MLS Schools

  • Elementary School: Manzo
  • High School: Tucson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2022
Closed on
May 8, 2023
Sold by
Adam Steven R
Bought by
Alex I Hsu Living Trust and Hsu
Seller's Agent
Oscar Duarte
Keller Williams Southern Arizona
Buyer's Agent
Larry Burr
ATLAS AZ, LLC
List Price
$370,000
Sold Price
$353,750
Premium/Discount to List
-$16,250
-4.39%
Views
118
Current Estimated Value
$347,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,555
Avg. Annual Appreciation
-0.65%
Original Mortgage
$265,312
Outstanding Balance
$256,834
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$90,361

Purchase Details

Closed on
Oct 9, 2008
Sold by
Barghout Nader E and Barghout Shawn R
Bought by
Adam Steven R

Purchase Details

Closed on
Dec 28, 2004
Sold by
Salsa Homes Llc
Bought by
Barghout Nader E and Barghout Shawn R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,500
Interest Rate
5.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 26, 2004
Sold by
Hanna Violet B and Hanna David W
Bought by
Salsa Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,500
Interest Rate
5.35%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 15, 2003
Sold by
Hanna Violet B and Hanna David W
Bought by
Hanna Violet B and Hanna David W
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
Alex I Hsu Living Trust $353,750 First Integrity Title
Alex I Hsu Living Trust $353,750 First Integrity Title
Adam Steven R $170,000 Tfnti
Barghout Nader E -- --
Barghout Nader E -- --
Salsa Homes Llc $30,000 --
Salsa Homes Llc $30,000 --
Hanna Violet B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alex I Hsu Living Trust $265,312
Closed Alex I Hsu Living Trust $265,312
Previous Owner Barghout Nader E $132,500
Previous Owner Salsa Homes Llc $132,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2023 05/09/23 Sold $353,750 -4.4% $177 / Sq Ft
05/08/2023 05/08/23 Pending -- -- --
10/19/2022 10/19/22 For Sale $370,000 -- $185 / 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 $1,426 $11,319 -- --
2025 $1,426 $10,780 -- --
2024 $1,368 $10,267 -- --
2023 $1,291 $9,778 $0 $0
2022 $1,297 $9,312 $0 $0
2021 $1,290 $8,447 $0 $0
2020 $1,250 $8,916 $0 $0
2019 $1,234 $8,550 $0 $0
2018 $1,207 $7,296 $0 $0
2017 $1,200 $7,296 $0 $0
2016 $1,242 $7,328 $0 $0
2015 $1,269 $7,360 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • O

    Seller's Agent in 2023

    Oscar Duarte

    Keller Williams Southern Arizona

  • K

    Seller Co-Listing Agent in 2023

    Krista Wells

    Keller Williams Southern Arizona

  • L

    Buyer's Agent in 2023

    Larry Burr

    ATLAS AZ, LLC

    (480) 828-3283

    4 in this area

    84 Total Sales

    Larry Burr
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Map

Source: MLS of Southern Arizona

MLS Number: 22227040

MLS of Southern Arizona

APN: 116-12-6280

Arizona Pima County Tucson 85745 Barrio Hollywood

507 N Cherokee Ave, Tucson, AZ

Not Listed for Sale

MultiFamily

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MLS of Southern Arizona The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Ten-X are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.

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