NOT LISTED FOR SALE

815 E 8th St Tucson, AZ 85719

Rincon Heights Neighborhood

Estimated Value: $383,000 - $441,000

Studio
-- Bath
1,430 Sq Ft
$296/Sq Ft Est. Value

Last Sold March 22, 2021

Last sale price $282,500 $198 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $2,436/month

28 Days on Market

Highlights

  • Mountain View
  • Wood Flooring
  • No HOA
  • Ranch Style House
  • Secondary bathroom tub or shower combo
  • Covered Patio or Porch

About This Home

As of March 2021

This prime location duplex stays 100% leased. Walking distance to U of A. Right next to public transportation and super close to downtown Tucson. Duplex has been update and well maintained. Unit has air conditioning. Stack washer and dry. Plenty of off street parking. Property is easy to manage and perfect for investor wanting to add to their rental portfolio. Owner is also selling 3-Plex next door on Euclid.... Potential package deal ideal for real estate investors looking to add to their rental portfolio!

Last Agent to Sell the Property

Tyler Ford

eXp Realty Listed on: 02/02/2021

Last Buyer's Agent

Non- Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 61 Sq Ft Lot
  • Lot Dimensions are 52 x 89 x 51 x 89

Home Design

  • Duplex
  • Ranch Style House
  • Frame With Stucco
  • Frame Construction
  • Shingle Roof
  • Built-Up Roof
  • Lead Paint Disclosure

Interior Spaces

  • Secondary bathroom tub or shower combo
  • 1,430 Sq Ft Home
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Storage Room
  • Laundry in Kitchen
  • Mountain Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Gas Range
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 2 Parking Spaces
  • Driveway
  • On-Street Parking

Location

  • Ground Level
  • Flood Zone Lot

Schools

  • Sam Hughes Elementary School
  • Mansfeld Middle School
  • Tucson High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Additional Features

  • North or South Exposure
  • Covered Patio or Porch

Listing and Financial Details

  • $1,748 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Insurance Expense $525
  • Other Expense $1,173
  • New Taxes Expense $1,748
  • Operating Expense $4,946
  • Gross Income $19,200
  • Net Operating Income $14,254

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Horses: No
  • Lot Size: 52 x 89 x 51 x 89
  • Road Surface Type: Paved
  • CapRate: 5.05
  • Co List Office Mls Id: 4952
  • Subdivision Name: Buells Add
  • General Property Information: List Price/SqFt: 188.11
  • General Property Information: Lot Size Price/SqFt: 61.75
  • Special Features: None

Interior Features

  • Kitchen Features Appliance Color: White
  • Appliances: Disposal, Gas Range

Exterior Features

  • ExteriorFeatures: None
  • Roof: Built-Up, Shingle
  • View: Mountain(s)
  • Construction Type: Frame - Stucco
  • Patio And Porch Features: Covered

Utilities

  • Electric Electric Company: TEP
  • Utilities: Sewer Connected
  • Laundry Features: In Kitchen
  • Cooling: Central Air
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Expenses Capital Expenses: 1500.0
  • Expenses Figures Presented: Actual
  • Expenses Other Expenses: 1173.38
  • Expenses Taxes Assessments: 1748.0

Schools

  • Junior High Dist: TUSD
  • Middle Or Junior School: Mansfeld

Lot Info

  • Lot Features: North/South Exposure
  • Lot Size Sq Ft: 61.0
  • Zoning: Tucson - R2

Building Info

  • Year Built: 1928

Rental Info

  • Utilities Paid Trash: Tenant

Tax Info

  • Tax Year: 2018
  • New Taxes Expense: 1748.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 19200.0
  • Insurance Expense: 525.0
  • Property Net Operating Income: 14253.61
  • Annual Operating Expense: 4946.38

MLS Schools

  • Elementary School: Sam Hughes
  • High School: Tucson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2021
Closed on
Mar 22, 2021
Sold by
Q Family I Llc
Bought by
Seifert Ryan and Seifert Laura A
Seller's Agent
Tyler Ford
eXp Realty
Buyer's Agent
Non- Member
Non-Member Office
List Price
$282,500
Sold Price
$282,500
Current Estimated Value
$423,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,944
Avg. Annual Appreciation
8.80%
Original Mortgage
$211,875
Outstanding Balance
$189,931
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$233,513

Purchase Details

Closed on
Apr 13, 2009
Sold by
Tucson Acquisition & Development Corp
Bought by
O Family I Llc

Purchase Details

Closed on
Feb 12, 2009
Sold by
Vick Carolyn C
Bought by
Tucson Acquisition & Development Corp

Purchase Details

Closed on
Aug 15, 2006
Sold by
Vick Donnie L
Bought by
Vick Carolyn C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
8.37%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Seifert Ryan $282,500 Title Security Agency Llc
O Family I Llc $155,000 Tstti
Tucson Acquisition & Development Corp $128,001 None Available
Vick Carolyn C -- Ticor
Vick Carolyn C $230,000 Ticor
Vick Carolyn C $230,000 Ticor
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seifert Ryan $211,875
Previous Owner Vick Carolyn C $184,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2021 03/22/21 Sold $282,500 0.0% $198 / Sq Ft
02/20/2021 02/20/21 Pending -- -- --
02/01/2021 02/01/21 For Sale $282,500 -- $198 / Sq Ft
Source: MLS of Southern Arizona

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 $2,669 $20,176 -- --
2024 $2,427 $19,215 -- --
2023 $2,427 $18,300 -- --
2022 $2,427 $17,429 $0 $0
2021 $2,413 $15,808 $0 $0
2020 $2,340 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Tyler Ford

    eXp Realty

  • N

    Buyer's Agent in 2021

    Non- Member

    Non-Member Office

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 22102683

MLS of Southern Arizona

APN: 124-06-006C

Arizona Pima County Tucson 85719 Rincon Heights

815 E 8th St, Tucson, AZ

Not Listed for Sale

MultiFamily

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