NOT LISTED FOR SALE
10 Beds
5 Baths
762 Sq Ft
1979 Built

Sale Details

Date Sold: January 22, 2021

Last sale price $623,750 $819 Per Sq Ft

28 Days on Market

About This Home

As of January 2021

Five unit well maintained apartment complex located in the north University sub-market. The property is comprised of two buildings with a courtyard on a .4 acre corner lot completely walled with off street parking and covered patios. All units are 2/1 floor plans and include central AC/heat, washer and dryer, plank vinyl and ceramic flooring and fire places in each unit. All tenants are on leases through 7/31/2021. Four or the five tenants are long term with an occupancy of 3-5 years paying under market rents. Similar units in the immediate are are a minimum of $950 per month. Out of state owner manages the property with an onsite tenant/resident manager with a $200 per month rent decrease. numbers shown area based on 2020 expenses and current rent roll. Financials under documents tab.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 10/28/2020

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,825

Year Built

  • Built in 1979

Home Design

  • Built-Up Roof
  • Block Exterior

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 00006 / 024
  • Assessor Parcel Number 115-02-145-C

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Building Dimensions are 120 x 154
  • Tucson Heights Subdivision

Building Details

  • Operating Expense $14,158
  • Gross Income $51,084
  • Net Operating Income $37,517

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,825

Year Built

Built in 1979

Listing Details

  • Cross Street: Euclid & Speedway
  • Legal Info Range: 13
  • Property Type: Multiple Dwellings
  • Zoning: R2
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1979
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2400.0
  • Subdivision Name: TUCSON HEIGHTS
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central A/C
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 3403.0

Lot Info

  • Lot Size: 120 x 154
  • Additional Parcels: No
  • Parcel #: 115-02-145-C

Multi Family

  • Owner Pays: Other
  • Tenant Pays: See Remarks
  • Number Of Units Total: 5
  • Annual Gross Income: 51084.0
  • Insurance Expense: 2130.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 37517.0
  • Annual Operating Expense: 14158.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 3825.0
  • Tax Block: 024
  • Tax Book Number: 115.00
  • Tax Lot: 00006

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 13, 2007
Sold by
Fahnhorst Guy W and Fahnhorst Beth R
Bought by

Purchase Details

Closed on
May 14, 2007
Sold by
Fahnhorst Guy
Bought by
Fahnhorst Investments Llc

Purchase Details

Closed on
May 16, 2005
Sold by
Fahnhorst Guy
Bought by
Fahnhorst Guy W

Purchase Details

Closed on
Apr 1, 2005
Sold by
Sabre Lester Llc
Bought by
Fahnhorst Guy

Purchase Details

Closed on
Aug 3, 2002
Sold by
Berg Paul S D and Berg Judith A
Bought by
Sabrelester Llc

Purchase Details

Closed on
Feb 8, 1999
Sold by
Norton Carol L
Bought by
Berg Paul S D

Purchase Details

Closed on
Aug 20, 1997
Sold by
Bloom Herbert F
Bought by
Norton Carol L
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Jefferson Park, AZ

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Lawyers Title Agency Of Az L
Fahnhorst Investments Llc -- Tlati
Fahnhorst Guy W -- --
Fahnhorst Guy $315,000 --
Fahnhorst Guy -- --
Sabrelester Llc -- --
Berg Paul S D $179,900 --
Norton Carol L $222,000 Fidelity National Title
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/22/2021 01/22/21 Sold $623,750 -2.5% $819 / Sq Ft
10/28/2020 10/28/20 For Sale $640,000 -- $840 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,912 $31,053
2025 $3,912 $29,574
2024 $3,578 $28,166
2023 $3,578 $26,825
2022 $3,558 $25,547 $0 $0
2021 $3,578 $23,435 $0 $0
2020 $3,469 $23,435 $0 $0
2019 $3,591 $23,417 $0 $0
2018 $3,512 $21,235 $0 $0
2017 $3,492 $21,235 $0 $0
2016 $3,590 $21,235 $0 $0
2015 $3,653 $21,235 $0 $0
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6153664

Arizona Regional Multiple Listing Service (ARMLS)
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