NOT LISTED FOR SALE
Studio
-- Bath
8,835 Sq Ft
18,295 Sq Ft Lot

Last Sold August 11, 2017

Last sale price $1,020,000 $115 Per Sq Ft

8 Days on Market

About This Home

As of August 2017

Quaint mid century burnt adobe apartment building just blocks from downtown and the UA. With stained glass skylights at the entries, mature landscaping, and a newly remodeled court yard with laundry and picnic area, the property exudes historical character and charm. Ideal location attracts both students and downtown renters. Rents are still low with lots of room to go up market with ever increasing demand for apartments near downtown and the UA. Many units have been updated over the years. New wood grain vinyl and new carpeting in every turn in the last 2 years, have recently updated several of the kitchens with brand new cabinetry and appliances.Stable and almost always fully rented, this is an excellent cash flow property as is, but also presents great value add potential.

Last Agent to Sell the Property

Soleil Schwabe

Peach Properties HM, Inc. Listed on: 06/12/2017

Last Buyer's Agent

Soleil Schwabe

Peach Properties HM, Inc. Listed on: 06/12/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,182

Year Built

  • Built in 1962

Lot Details

  • 18,300 Sq Ft Lot
  • Lot Dimensions are 100 x 183

Home Design

  • 8,835 Sq Ft Home
  • Adobe

Utilities

  • Heat Pump System

Listing and Financial Details

  • $8,205 special tax assessment

Community Details

Overview

  • Rieckers Addition Subdivision

Building Details

  • Fuel Expense $2,597
  • Insurance Expense $4,080
  • Maintenance Expense $8,205
  • Professional Management Expense $7,264
  • Water Sewer Expense $7,800
  • Gross Income $112,200
  • Net Operating Income $70,023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,182

Year Built

Built in 1962

Lot Details

0.42 Acres

Listing Details

  • Property Type: Multi Family
  • Legal Description: RIECKERS LOTS 4 & 5 BLK 8(11428/1946)
  • List Price per Sq Ft: 113.19
  • Unit Info Average Monthly Rent One Bedroom: 530.00
  • Unit Info Average Monthly Rent Studios: 470.00
  • Unit Info Number Of Units1 B R: 16
  • Unit Info Number Of Units Studios: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Gross Sq Ft: 8835.00

Exterior Features

  • Construction: Burnt Adobe

Utilities

  • Water: City Water
  • Fire Protection: Included in Taxes
  • Main Cooling: Heat Pump
  • Main Heating: Heat Pump
  • Security: None
  • Sewer: Connected

Condo/Co-op/Association

  • Community: None

Fee Information

  • Expenses Admin Expenses: 600.00
  • Expenses Contract Services: 1640.00
  • Expenses Figures Presented: Actual
  • Expenses Gas Electric: 2597.28
  • Expenses Maintenance Supplies: 8205.06
  • Expenses Other Expenses: 1785.94
  • Expenses Taxes Assessments: 8205.00

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Lot Acres: 0.42
  • Lot Dimensions: 100 x 183
  • Lot Size Price Sq Ft: 54.64
  • Lot Sq Ft: 18300.00
  • Lot Sz Sold Prc Sq Ft: 55.74
  • Municipality Zoning: Tucson - R3

Building Info

  • Year Built: 1962

Tax Info

  • Tax Code: 124-07-144A
  • Taxes: 8182.09
  • Tax Year: 2016
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2017 08/11/17 Sold $1,020,000 0.0% $115 / Sq Ft
07/12/2017 07/12/17 Pending -- -- --
06/12/2017 06/12/17 For Sale $1,020,000 -- $115 / Sq Ft
Source: MLS of Southern Arizona

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
2026 $9,882 $78,441 -- --
2025 $9,882 $74,705 -- --
2024 $9,480 $71,148 -- --
2023 $8,944 $67,760 $0 $0
2022 $8,988 $64,533 $0 $0
2021 $8,936 $58,534 $0 $0
2020 $8,665 $76,091 $0 $0
2019 $8,550 $64,000 $0 $0
2018 $8,363 $50,563 $0 $0
2017 $8,482 $50,563 $0 $0
2016 $8,182 $48,156 $0 $0
2015 $7,928 $45,863 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21716072

MLS of Southern Arizona
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