$625,000
SOLD SEP 1, 2022
8 Beds
4 Baths
5,164 Sq Ft
9,055 Sq Ft Lot

Recently Sold

$121 Per Sq Ft

11% Below List Price

101 Days on Market

Highlights

  • RV Parking in Community
  • Deck
  • Breakfast Area or Nook
  • Mountain View
  • Modern Architecture
  • Balcony

About This Home

As of September 2022

**NEW LEASES IN PLACE WITH INCREASED RENTAL RATES** Motivated Seller will consider offers between $625,000 - $650,000. Well-maintained and recently upgraded 5-UNIT apartment. This opportunity will allow for an investor to capitalize on the growing housing demand in Tucson. Close to DMAFB and major bus routes and currently 100% leased. Each unit is approximately 1,000sf, 2 bedroom, 1 bathroom with newer carpet, newer tile flooring, newer plumbing fixtures and water heaters, as well as tile or granite counters. The property includes onsite coin laundry room, large backyards for some units, as well as common areas enclosed with security fencing. Roof recently maintained, AC's recently serviced and overall upgrades have been completed in the last few years.

Last Agent to Sell the Property

Gabriel Silguero

Righteous Realty Company Listed on: 05/23/2022

Last Buyer's Agent

Non- Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,790

Year Built

  • Built in 1984

Lot Details

  • 9,055 Sq Ft Lot
  • Wrought Iron Fence
  • Chain Link Fence
  • Desert Landscape
  • Front Yard

Home Design

  • Quadruplex
  • Modern Architecture
  • Frame With Stucco
  • Rolled or Hot Mop Roof
  • Built-Up Roof

Interior Spaces

  • 5,164 Sq Ft Home
  • Multi-Level Property
  • Ceiling Fan
  • Living Room
  • Mountain Views

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Home Security

  • Window Bars
  • Security Lights

Parking

  • 8 Parking Spaces
  • Driveway

Accessible Home Design

  • Handicap Convertible
  • Ramp on the main level

Eco-Friendly Details

  • North or South Exposure

Outdoor Features

  • Balcony
  • Courtyard
  • Deck
  • Outdoor Grill

Location

  • Ground Level
  • Upper Level

Schools

  • Myers/Ganoung Elementary School
  • Roberts Middle School
  • Palo Verde High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • $1,736 special tax assessment

Community Details

Overview

  • Ferry Addition Subdivision
  • The community has rules related to deed restrictions
  • RV Parking in Community

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $2,136
  • Gross Income $57,520
  • Net Operating Income $49,948

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,790

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 4 Plex
  • Style: Modern
  • Technology: Cable TV
  • Accessibility Options: Handicap Convertible, Ramped Main Level
  • Legal Description: FERRY LOT 17 1
  • Attached Detached: Attached
  • List Price per Sq Ft: 121.03
  • Subdivision Restrict C C And Rs: No
  • Unit Info Average Monthly Rent Two Bedroom: 785.00
  • Unit Info Avg Mo Rent Other: 785.00
  • Unit Info Number Of Units2 B R: 4
  • Unit Info Number Of Units Other: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Window Coverings: Stay
  • Floor Covering: Carpet, Ceramic Tile
  • Gross Sq Ft: 5164.00
  • Bathroom Features: None
  • Breakfast: Bar
  • Dining Areas: Breakfast Nook
  • Dining Room: None
  • Living Areas: Living Room
  • Laundry: Facility
  • Extra Room: None
  • Kitchen Features: Dishwasher

Exterior Features

  • Construction: Frame - Stucco
  • Construction Status: Existing
  • Driveway Paved: Asphalt
  • F E M A Flood Zone: TBD
  • Fence: Chain Link, Wrought Iron
  • Landscape Front: Low Care, Natural Desert
  • Landscape Rear: Natural Desert
  • Patio Deck: Balcony, Deck
  • Pool: None
  • Road Maintenance: City
  • Roof: Built-Up - Reflect, Rolled
  • Spa: None
  • View: Mountain(s), Sunset
  • Exterior Feature: BBQ, Courtyard

Garage/Parking

  • Rv Parking: Space Available
  • Total Parking: 8

Utilities

  • Water: City Water
  • Water Heater: Electric
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Main Cooling: Central Air, Wall Unit(s)
  • Main Heating: Electric, Forced Air
  • Security: Security Lights, Window Bars
  • Sewer: Connected

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: Yes
  • Neighborhood Features: Sidewalks, Street Lights

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Other Expenses: 3700.00
  • Expenses Taxes Assessments: 1736.00

Schools

  • School District: TUSD
  • Elementary School: Myers/Ganoung
  • Middle School: Roberts (at Naylor)
  • High School: Palo Verde

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.21
  • Lot Features: North/South Exposure
  • Lot Size Price Sq Ft: 69.02
  • Lot Sq Ft: 9055.00
  • Lot Sz Sold Prc Sq Ft: 69.02
  • Municipality Zoning: Tucson - R3
  • Municipal Flood Zone: TBD

Building Info

  • Year Built: 1984

Rental Info

  • Utilities Paid Cable TV: Tenant
  • Utilities Paid Electric: Tenant
  • Utilities Paid Gas: Tenant
  • Utilities Paid Insurance: Owner
  • Utilities Paid Sewer: Tenant
  • Utilities Paid Taxes: Owner
  • Utilities Paid Trash: Tenant
  • Utilities Paid Water: Tenant

Tax Info

  • Tax Code: 131-05-0170
  • Taxes: 1790.10
  • Tax Year: 2021
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Roberts (at Naylor)
  • Elementary School: Myers/Ganoung
  • High School: Palo Verde
  • School District: TUSD

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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

Property History

Date Event Price Change Sq Ft Price
09/01/2022 09/01/22 Sold $625,000 0.0% $121 / Sq Ft
06/28/2022 06/28/22 Price Changed $625,000 -8.1% $121 / Sq Ft
05/27/2022 05/27/22 Price Changed $680,000 -2.7% $132 / Sq Ft
05/23/2022 05/23/22 For Sale $699,000 +241.0% $135 / Sq Ft
05/31/2016 05/31/16 Sold $205,000 0.0% $40 / Sq Ft
05/01/2016 05/01/16 Pending -- -- --
08/18/2015 08/18/15 For Sale $205,000 -- $40 / Sq Ft
Source: MLS of Southern Arizona

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22213209

MLS of Southern Arizona