NOT LISTED FOR SALE

Estimated Value: $230,847 - $291,000

Studio
2 Baths
1,166 Sq Ft
$235/Sq Ft Est. Value

Last Sold August 31, 2018

Last sale price $115,000 $99 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $1,566/month

58 Days on Market

Highlights

  • Ranch Style House
  • Great Room
  • Breakfast Area or Nook
  • Secondary bathroom tub or shower combo
  • No HOA
  • Beamed Ceilings

About This Home

As of August 2018

Great investment opportunity! Charming 2plex close to the U of A, Reid Park Zoo & medical centers! Both units have 1 bed, 1 bath, full kitchen, exposed beam ceilings, dual pane windows, ceiling fans, updated baths, W/D hookups & tile floors. Note: Unit 5122- Rent is $550 w/ no sec deposit. Unit 5124- Rent is $550 w/ a $550 sec deposit. Tenants pay their own electric & gas. Owner pays water, sewer, & trash- averages $60/mo. Electric & gas are separately metered, water is on 1 meter. The tenants have the option to opt out of their current leases within 60 days of COE. If they decide to stay the new owner must honor existing leases. Unit 5122's lease is through 5/31/19. Unit 5124's lease is through 7/1/21. Both tenants hope to stay & renew.

Last Agent to Sell the Property

Anthony Boatner

Keller Williams Southern Arizona License #SA546201000 Listed on: 07/04/2018

Keller Williams Southern Arizona

Last Buyer's Agent

Bert Jones

eXp Realty

eXp Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 6,970

Home Design

  • Duplex
  • Ranch Style House
  • Rolled or Hot Mop Roof
  • Concrete Block And Stucco Construction
  • Lead Paint Disclosure

Interior Spaces

  • Secondary bathroom tub or shower combo
  • 1,166 Sq Ft Home
  • Beamed Ceilings
  • Ceiling Fan
  • Great Room
  • Dining Area
  • Ceramic Tile Flooring
  • Exposed Ceiling
  • Laundry Located Outside

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Range

Parking

  • 2 Parking Spaces
  • Driveway

Schools

  • Whitmore Elementary School
  • Doolen Middle School
  • Catalina High School

Utilities

  • Central Air
  • Refrigerated and Evaporative Cooling System
  • Heating System Mounted To A Wall or Window
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • 6,970 Sq Ft Lot
  • Ground Level

Listing and Financial Details

  • $1,601 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • The community has rules related to covenants, conditions, and restrictions, deed restrictions

Building Details

  • Insurance Expense $500
  • Maintenance Expense $150
  • Water Sewer Expense $720
  • New Taxes Expense $1,601
  • Operating Expense $2,971
  • Gross Income $13,200
  • Net Operating Income $10,229

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Horses: No
  • Lot Size: Irregular
  • Road Surface Type: Paved
  • CapRate: 8.89
  • Supplies Expense: 150.0
  • Co List Office Mls Id: 478313
  • Subdivision Name: Avondale
  • General Property Information: List Price/SqFt: 98.63
  • General Property Information: Lot Size Price/SqFt: 16.5
  • Special Features: None

Interior Features

  • Interior Amenities: Beamed Ceilings
  • Interior Steps: No
  • Appliances: Gas Range, Refrigerator

Exterior Features

  • ExteriorFeatures: None
  • Roof: Rolled
  • View: None
  • Construction Type: Concrete Block
  • Patio And Porch Features: None

Utilities

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

Condo/Co-op/Association

  • Amenities: None

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Maintenance Supplies: 150.0
  • Expenses Taxes Assessments: 1601.45
  • Annual Water Sewer Expense: 720.0

Schools

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

Lot Info

  • Lot Features: Subdivided, Decorative Gravel
  • Lot Size Sq Ft: 16.0
  • Zoning: Tucson - C1

Building Info

  • Year Built: 1952

Rental Info

  • Utilities Paid Trash: Owner

Tax Info

  • Tax Year: 2017
  • New Taxes Expense: 1601.45

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 13200.0
  • Insurance Expense: 500.0
  • Property Net Operating Income: 10228.55
  • Annual Operating Expense: 2971.45

MLS Schools

  • Elementary School: Whitmore
  • High School: Catalina

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 25, 2021
Sold by
Parks Stephanie L
Bought by
Wtb Investments Llc
Current Estimated Value
$274,462

Purchase Details

Listed on
Jul 4, 2018
Closed on
Aug 24, 2018
Sold by
Heal James J
Bought by
Parks Stephanie L
Seller's Agent
Anthony Boatner
Keller Williams Southern Arizona
Buyer's Agent
Bert Jones
eXp Realty
List Price
$115,000
Sold Price
$115,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.26%

Purchase Details

Closed on
Jan 9, 2014
Sold by
Hafner Justin
Bought by
Heal James J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,625
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2013
Sold by
Wells Frank R and Wells Sharon M
Bought by
Hafner Justin

Purchase Details

Closed on
Dec 18, 2008
Sold by
Team Richards Llc
Bought by
Katz Joshua E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.1%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 24, 2006
Sold by
West Of The Pecos Inc
Bought by
Team Richards Llc

Purchase Details

Closed on
Sep 29, 2005
Sold by
Dodson David B and Dodson Nora J
Bought by
Wells Frank E and Wells Sharon M

Purchase Details

Closed on
Jul 24, 2004
Sold by
Royer Margaret C and Robinson James M
Bought by
Wells Frank R and Wells Sharon M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
6.29%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 16, 2004
Sold by
Jensen Family Enterprises
Bought by
Robinson James M and Royer Margaret C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
6.29%
Mortgage Type
Seller Take Back
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
Wtb Investments Llc $80,000 Stewart Title & Tr Of Tucson
Wtb Investments Llc $80,000 Stewart Title & Tr Of Tucson
Parks Stephanie L $115,000 Signature Title Agency Of Ar
Heal James J $79,500 Catalina Title Agency
Hafner Justin $55,000 Catalina Title Agency
Katz Joshua E $120,000 Ttise
Team Richards Llc $101,000 Ttise
Wells Frank E -- Title Guaranty
Wells Frank E -- Title Guaranty
Wells Frank R $91,000 Title Guaranty
Wells Frank R $91,000 Title Guaranty
Robinson James M $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Heal James J $59,625
Previous Owner Katz Joshua E $90,000
Previous Owner Wells Frank R $91,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2018 08/31/18 Sold $115,000 0.0% $99 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
07/03/2018 07/03/18 For Sale $115,000 -- $99 / 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 $1,867 $14,818 -- --
2025 $1,867 $14,112 -- --
2024 $1,690 $13,440 -- --
2023 $1,690 $12,800 $0 $0
2022 $1,698 $12,191 $0 $0
2021 $1,688 $11,057 $0 $0
2020 $1,637 $12,007 $0 $0
2019 $1,615 $11,060 $0 $0
2018 $1,580 $9,737 $0 $0
2017 $1,601 $9,737 $0 $0
2016 $1,641 $9,737 $0 $0
2015 $1,662 $9,675 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21818412

MLS of Southern Arizona

APN: 121-12-358A

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