NOT LISTED FOR SALE

Estimated Value: $325,000 - $349,000

-- Bed
-- Bath
1,094 Sq Ft
$306/Sq Ft Est. Value

Last Sold May 30, 2024

Last sale price $362,800 $332 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $1,993/month

32 Days on Market

Highlights

  • Central Air
  • Concrete Flooring
  • Heating Available
  • Ceiling Fan

About This Home

As of May 2024

Completely self sufficient income property at an amazing price! Three bedroom two bath units at 1094 square feet each! You will not find another consistent income generating property at this price point anywhere in Arizona!!! Concrete flooring in both units makes for easy care and no risk of replacing flooring when vacancy does occur. Located just ten minutes from The University of Arizona makes this a great investments property! With the ease of convenience all around this is the perfect low cost investment to sink your teeth into and benefit!!!

Last Agent to Sell the Property

Chelsea Douglas

RealtyONEGroup Mountain Desert License #BR691057000 Listed on: 03/28/2024

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,979

Year Built

  • Built in 2005

Lot Details

  • 5,793

Home Design

  • Wood Frame Construction
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Concrete Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Free Parking
  • On-Street Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, water, sewer, cable TV
  • Tax Lot 004508/3001
  • Assessor Parcel Number 106-05-055-A

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 46.80x123.59x53.81x57.10x66.56 IP
  • S26 T13s R13e Subdivision

Building Details

  • Operating Expense $1,979
  • Gross Income $28,680
  • Net Operating Income $28,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,979

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Cross Street: Simmons & Fairview
  • Legal Info Range: 13
  • Property Type: Multiple Dwellings
  • Zoning: R-3-HD
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 2005
  • Tax Year: 2023
  • Directions: From I10 East exit on Prince Road. Left on Prince Road then left on Fairview Ave. Take right on Simmons to property ahead.
  • Road Surface Type: Dirt
  • Subdivision Name: S26 T13S R13E
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: See Remarks
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Other (See Remarks), Free, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Central A/C, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes

Schools

  • Junior High Dist: Amphitheater Unified District

Lot Info

  • Lot Size: 46.80x123.59x53.81x57.10x66.56 IP
  • Additional Parcels: No
  • Parcel #: 106-05-055-A

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Gas, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 28680.0
  • Property Net Operating Income: 28680.0
  • Annual Operating Expense: 1978.7

Tax Info

  • Tax Annual Amount: 1978.7
  • Tax Book Number: 106.00
  • Tax Lot: 004508/3001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2024
Closed on
May 29, 2024
Sold by
Unwin Norman G and Unwin Iris S
Bought by
Mellon Nathan W
Seller's Agent
Chelsea Douglas
RealtyONEGroup Mountain Desert
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$375,000
Sold Price
$362,800
Premium/Discount to List
-$12,200
-3.25%
Views
74
Current Estimated Value
$334,662

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,138
Avg. Annual Appreciation
-6.30%
Original Mortgage
$356,228
Interest Rate
7.1%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 21, 2011
Sold by
Ryes Acres East Llc
Bought by
Unwin Norman G and Unwin Iris S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2006
Sold by
Ellison Peter Ronald and Ellison Pamela Ann
Bought by
Rye John D and Rye Dana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 2005
Sold by
Rye John D
Bought by
Ryes Acres Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
5.51%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 11, 2005
Sold by
Ellison Peter and Ellison Pamela Ann
Bought by
Rye John D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
5.51%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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
Mellon Nathan W $362,800 Premier Title
Unwin Norman G $80,000 Catal
Unwin Norman G $80,000 Catal
Rye John D $245,000 Tlati
Rye John D $245,000 Tlati
Ryes Acres Llc -- Ticor
Rye John D $240,000 Title Security Agency Of Az
Rye John D -- --
Rye John D -- --
Rye John D $240,000 Title Security Agency Of Az
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mellon Nathan W $357,068
Closed Mellon Nathan W $356,228
Previous Owner Unwin Norman G $60,000
Previous Owner Rye John D $196,000
Previous Owner Rye John D $216,000
Closed Rye John D $49,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2024 05/30/24 Sold $362,800 -3.3% $332 / Sq Ft
03/28/2024 03/28/24 For Sale $375,000 -- $343 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $2,041 $17,217 -- --
2024 $2,041 $16,397 -- --
2023 $1,959 $15,616 $0 $0
2022 $1,959 $14,872 $0 $0
2021 $1,918 $13,490 $0 $0
2020 $1,906 $13,490 $0 $0
2019 $1,857 $16,799 $0 $0
2018 $1,797 $11,653 $0 $0
2017 $1,766 $11,653 $0 $0
2016 $1,669 $11,098 $0 $0
2015 $1,617 $10,570 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6683374

Arizona Regional Multiple Listing Service (ARMLS)

APN: 106-05-055A