NOT LISTED FOR SALE
Studio
-- Baths
23,522 Sq Ft
0.62 Acre Lot

Sale Details

Date Sold: September 30, 2016

Last sale price $2,000,000 $85 Per Sq Ft

26 Days on Market

Highlights

  • 0.62 Acre Lot
  • Forced Air Heating and Cooling System
  • 4-minute walk to Iron Horse Park
  • Brick or Stone Mason

About This Home

As of September 2016

The Mark Hall Apartments, 29 brick units only 3 blocks from the University of Arizona. Apartment complexes in this area rarely come on the market. Well built UNDER RENTED (by approximately 20%-30%) property in prime location between downtown and the U of A. Only 4 blocks to 4th Ave. shops and restaurants. 24- 850-950 sq. ft. 2 bd. units, 2-studios , 2- 1 bd, and 1 -1075 sq. ft. 3 bd/2ba. 4 -2 bd. units and 1 -3bd/2ba have been totally remodeled with high-end materials. Community pool & owned laundry, Units are individually metered for gas & elec. Property is master metered for water and has two central hot water boilers. Gross income is based on current rents. Expenses are performa based on actual 2014 expenses. Longtime owner does majority of maintenance.repairs and management.

Last Agent to Sell the Property

Jade Bossert

Tierra Antigua Realty Listed on: 07/11/2016

Last Buyer's Agent

Jade Bossert

Tierra Antigua Realty Listed on: 07/11/2016

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 27,017 Sq Ft Lot

Home Design

  • 23,522 Sq Ft Home
  • Brick or Stone Mason

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Fuel Expense $3,600
  • Insurance Expense $5,404
  • Maintenance Expense $8,324
  • Other Expense $10,000
  • Water Sewer Expense $20,000
  • New Taxes Expense $17,089
  • Operating Expense $70,117
  • Gross Income $205,108
  • Net Operating Income $134,991

Listing and Financial Details

  • $17,089 special tax assessment

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0.62 Acres

Listing Details

  • Property Type: Multi-Family
  • Miscellaneous Package Available: Yes
  • Unit Info Average Monthly Rent One Bedroom: 462.0
  • Unit Info Average Monthly Rent Two Bedroom: 663.0
  • Unit Info Average Monthly Rent Three Bedroom: 990.0
  • Unit Info Average Monthly Rent Studios: 412.0
  • LotSizeAcres: 0.62
  • Lot Size: Irregular
  • CapRate: 6.75
  • Supplies Expense: 8324.0
  • Co List Office Mls Id: 286607
  • Subdivision Name: Rieckers Addition
  • Location Tax Legal: Tax Year: 2015
  • Location Tax Legal: Community: None
  • Location Tax Legal: Municipality/Zoning: Tucson - R3
  • General Property Information: Lot Dimensions: Irregular
  • General Property Information: List Price/SqFt: 91.83
  • General Property Information: Lot Size Price/SqFt: 79.95
  • Sewer: Connected: Yes
  • Main Cooling: Central Air: Yes
  • Main Heating: Forced Air: Yes
  • Main Heating: Natural Gas: Yes
  • Construction: Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Steps: Yes

Exterior Features

  • Disclosures: Unknown
  • Construction Type: Brick

Utilities

  • Miscellaneous Master Water Meter: Yes
  • Utilities: Sewer Connected
  • Cooling: Central Air
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Expenses Contract Services: 5700.0
  • Expenses Figures Presented: Proforma
  • Expenses Gas Electric: 3600.0
  • Expenses Maintenance Supplies: 8324.0
  • Expenses Other Expenses: 10000.0
  • Expenses Taxes Assessments: 17089.0
  • Annual Fuel Expense: 3600.0
  • Annual Water Sewer Expense: 20000.0

Lot Info

  • Lot Size Sq Ft: 27017.0
  • Zoning: Tucson - R3

Building Info

  • Year Built: 1969

Tax Info

  • Tax Year: 2015
  • New Taxes Expense: 17089.0

Multi Family

  • Annual Gross Income: 205108.0
  • Insurance Expense: 5404.0
  • Property Net Operating Income: 134991.0
  • Annual Operating Expense: 70117.0

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
09/30/2016 09/30/16 Sold $2,000,000 0.0% $85 / Sq Ft
08/31/2016 08/31/16 Pending -- -- --
07/11/2016 07/11/16 For Sale $2,000,000 -- $85 / Sq Ft
Source: MLS of Southern Arizona

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 $18,346 $145,631
2025 $18,346 $138,696
2024 $16,591 $132,091
2023 $16,591 $125,801
2022 $16,687 $119,811 $0 $0
2021 $16,591 $108,672 $0 $0
2020 $16,086 $116,011 $0 $0
2019 $15,874 $103,497 $0 $0
2018 $15,532 $98,600 $0 $0
2016 $16,794 $98,600 $0 $0
2015 $17,090 $98,600 $0 $0
Source: Public Records

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Map

Source: MLS of Southern Arizona

MLS Number: 21619102

MLS of Southern Arizona
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