NOT LISTED FOR SALE

5221 E Elida St Tucson, AZ 85712

Avondale Neighborhood

Estimated Value: $318,000 - $408,875

Studio
4 Baths
2,430 Sq Ft
$148/Sq Ft Est. Value

Last Sold December 08, 2020

Last sale price $265,000 $109 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,105/month

115 Days on Market

Highlights

  • Ranch Style House
  • Breakfast Area or Nook
  • Forced Air Heating and Cooling System
  • No HOA
  • Ceramic Tile Flooring
  • Family Room

About This Home

As of December 2020

Great Income Property! 3 detached units including a 4 bedroom, 2 bedroom and a studio. Fully occupied and has always been easy to rent.

Last Agent to Sell the Property

Jeff Hannan

SimpliHom, Inc. License #BR516078000 Listed on: 08/14/2020

SimpliHom, Inc.

Last Buyer's Agent

Jesus Alvarado

HomeSmart Advantage Group

HomeSmart Advantage Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 119 x 120
  • Block Wall Fence

Parking

  • 3 Parking Spaces

Home Design

  • Triplex
  • Ranch Style House
  • Built-Up Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • Bathtub and Shower Combination in Primary Bathroom
  • 2,430 Sq Ft Home
  • Window Treatments
  • Family Room
  • Dining Area
  • Ceramic Tile Flooring
  • Window Bars

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Electric Oven

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Refrigerated and Evaporative Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Natural Gas Not Available
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • North or South Exposure
  • Ground Level

Listing and Financial Details

  • $2,652 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • The community has rules related to deed restrictions

Amenities

  • No Laundry Facilities

Building Details

  • Insurance Expense $1,080
  • Maintenance Expense $1,500
  • New Taxes Expense $2,652
  • Operating Expense $8,032
  • Gross Income $27,820
  • Net Operating Income $19,788

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Unit Info Average Monthly Rent Two Bedroom: 750.0
  • Unit Info Avg Mo Rent Other: 1175.0
  • Unit Info Average Monthly Rent Studios: 465.0
  • Horses: No
  • Lot Size: 119 X 120
  • Road Surface Type: Paved
  • CapRate: 7.47
  • Supplies Expense: 1500.0
  • Co List Office Mls Id: 495204
  • Subdivision Name: Avondale
  • General Property Information: List Price/SqFt: 114.81
  • General Property Information: Lot Size Price/SqFt: 19.41
  • Special Features: None

Interior Features

  • Kitchen Features Oven: Electric
  • Interior Steps: No

Exterior Features

  • ExteriorFeatures: None
  • Roof: Built-Up
  • View: None
  • Construction Type: Concrete Block
  • Patio And Porch Features: None

Garage/Parking

  • Parking Features: None

Utilities

  • Electric Electric Company: TEP
  • Utilities: Sewer Connected
  • Laundry Features: None
  • Cooling: Central Air, Evaporative Cooling, Wall Unit(s)
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Expenses Capital Expenses: 2800.0
  • Expenses Figures Presented: Proforma
  • Expenses Maintenance Supplies: 1500.0
  • Expenses Taxes Assessments: 2652.0

Schools

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

Lot Info

  • Lot Features: North/South Exposure
  • Lot Size Sq Ft: 19.0
  • Zoning: Tucson - C1

Building Info

  • Year Built: 1955

Rental Info

  • Utilities Paid Trash: Tenant

Tax Info

  • Tax Year: 2019
  • New Taxes Expense: 2652.0

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 27820.0
  • Insurance Expense: 1080.0
  • Property Net Operating Income: 19788.0
  • Annual Operating Expense: 8032.0

MLS Schools

  • Elementary School: Whitmore
  • High School: Catalina

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2020
Closed on
Dec 1, 2020
Sold by
Lopez Filiberto Armando Gallego and Gallego Laura
Bought by
Gallego Laura
Seller's Agent
Jeff Hannan
SimpliHom, Inc.
Buyer's Agent
Jesus Alvarado
HomeSmart Advantage Group
List Price
$265,000
Sold Price
$265,000
Current Estimated Value
$360,292

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,292
Avg. Annual Appreciation
6.22%
Original Mortgage
$193,460
Outstanding Balance
$172,544
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$187,748
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Gallego Laura -- Fidelity Natl Ttl Agcy Inc
Gallego Laura $265,000 Fidelity Natl Ttl Agcy Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallego Laura $193,460
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2020 12/08/20 Sold $265,000 0.0% $109 / Sq Ft
11/08/2020 11/08/20 Pending -- -- --
08/14/2020 08/14/20 For Sale $265,000 -- $109 / Sq Ft
Source: MLS of Southern Arizona

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
2025 $2,650 $22,713 -- --
2024 $2,733 $21,631 -- --
2023 $2,733 $20,601 -- --
2022 $2,733 $19,620 $0 $0
2021 $2,717 $18,158 $0 $0
2020 $2,688 $20,225 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jeff Hannan

    SimpliHom, Inc.

    (520) 349-8766

    31 Total Sales

    Jeff Hannan
    Section Image

  • J

    Buyer's Agent in 2020

    Jesus Alvarado

    HomeSmart Advantage Group

    (520) 461-4764

    30 Total Sales

    Jesus Alvarado
    Section Image
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Map

Source: MLS of Southern Arizona

MLS Number: 22020098

MLS of Southern Arizona

APN: 121-12-386B

Arizona Pima County Tucson 85712 Avondale

5221 E Elida St, Tucson, AZ

Not Listed for Sale

MultiFamily

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