$467,500
SOLD JUN 26, 2025

615 W Santa Rita St Unit 1,2,3,4 Superior, AZ 85173

-- Bed
-- Bath
-- Sq Ft
1936 Built

Recently Sold

3% Below List Price

216 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Heating Available

About This Home

As of June 2025

4 plex under 500k! Own this renovated, income generating property! This 4 plex offers an excellent investment opportunity with strong cash flow in an area experiencing a major rental shortage. The property includes three 2 bedroom, 1 bath units, each with private, fenced in yards, plus one 1 bedroom, 1 bath unit. All units underwent complete renovations in 2018, ensuring modern finishes and minimal maintenance. Wood floors, neutral paint tones, high ceilings, and ample living spaces. Unique private yards with stunning mountain views. Located in Superior, a highly sought after area known for its unique microclimate and scenic mountain views, and it is only about 25 minutes from the valley. Future mine jobs forecasted to create over 2000 jobs ! Triplex also available next door

Last Agent to Sell the Property

Gilbert Moreno

HomeSmart License #SA646661000 Listed on: 11/07/2024

HomeSmart

Co-Listed By

Robert Laird

HomeSmart License #BR010224000

Last Buyer's Agent

Gilbert Moreno

HomeSmart License #SA646661000 Listed on: 11/07/2024

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,554

Year Built

  • Built in 1936

Home Design

  • Wood Frame Construction
  • Metal Roof

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Over 1 Space Per Unit

Schools

  • John F Kennedy Elementary School
  • Superior Junior High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Private Water Source

Additional Features

  • Wood Flooring
  • Additional Parcels

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 04
  • Assessor Parcel Number 105-04-171

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • Building Dimensions are 137 X 84

Building Details

  • Operating Expense $4,258
  • Gross Income $38,722
  • Net Operating Income $37,579

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,554

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Cross Street: Pinal and Santa Rita
  • Property Type: Multiple Dwellings
  • Zoning: [General Rural
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1936
  • Tax Year: 2024
  • Directions: Hwy 60 turn on Main St going NE. At Pinal Ave go N to Santa Rita make a right to property
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: cril23
  • Co List Office Phone: 480-346-7505
  • Construction:Wood Frame: Yes
  • Water Source Private14: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted
  • Roof: Metal

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Window/Wall Unit
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Partially Fenced: Yes

Fee Information

  • Trash Expense: 233.0
  • Annual Water Sewer Expense: 894.0

Schools

  • Elementary School: John F Kennedy Elementary School
  • Middle Or Junior School: Superior Junior High School

Lot Info

  • Lot Size: 137 X 84
  • Additional Parcels: Yes
  • Parcel #: 105-04-171

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 38722.0
  • Insurance Expense: 1577.0
  • Property Net Operating Income: 37579.0
  • Annual Operating Expense: 4258.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1554.0
  • Tax Book Number: 105.00
  • Tax Lot: 04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2024
Sold by
Deborah A Olson Revocable Living Trust and Olson Deborah A
Bought by
Deborah A Olson Revocable Living Trust and Olson

Purchase Details

Closed on
Sep 5, 2018
Sold by
Olson Debbie and Olson Debbie A
Bought by
Olson Debbie A

Purchase Details

Closed on
Jun 28, 2017
Sold by
Rooney Jeffery
Bought by
Olson Debbie

Purchase Details

Closed on
Jan 7, 2016
Sold by
Guzman Elizabeth M L
Bought by
Aho Donald
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Warranty Deed -- None Available
Cash Sale Deed $22,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $231,700 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2025 06/26/25 Sold $467,500 -3.4% --
06/11/2025 06/11/25 Pending -- -- --
06/10/2025 06/10/25 For Sale $484,000 0.0% --
06/07/2025 06/07/25 Price Changed $484,000 0.0% --
05/09/2025 05/09/25 Pending -- -- --
05/09/2025 05/09/25 Price Changed $484,000 0.0% --
04/30/2025 04/30/25 Pending -- -- --
11/07/2024 11/07/24 For Sale $484,000 -- --
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 $1,554 $26,778 -- --
2024 $1,434 $26,255 -- --
2023 $1,469 $18,671 $1,819 $16,852
2022 $1,434 $14,856 $1,158 $13,698
2021 $1,489 $14,732 $0 $0
2020 $1,423 $11,761 $0 $0
2019 $1,449 $9,938 $0 $0
2018 $232 $7,815 $0 $0
2017 $225 $7,747 $0 $0
2016 $226 $3,985 $780 $3,205
2014 -- $618 $273 $345
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6780794

Arizona Regional Multiple Listing Service (ARMLS)

APN: 105-04-171