NOT LISTED FOR SALE

Estimated Value: $505,000 - $589,000

7 Beds
4 Baths
2,448 Sq Ft
$219/Sq Ft Est. Value

Last Sold July 07, 2023

Last sale price $485,000 $198 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,315/month

67 Days on Market

Highlights

  • City View
  • Covered patio or porch
  • Bathtub with Shower
  • Contemporary Architecture
  • Breakfast Area or Nook
  • Landscaped with Trees

About This Home

As of July 2023

Here's your opportunity to own a great income property near the U of A! Two separate houses with plenty of parking for all tenants. Front house is a 4/2, back house is a 3/2. Inside, both units have been updated, have tile flooring throughout, and have a full compliment of appliances (washer, dryer, fridge, and stove). Located conveniently near local shops, 4th Ave, Downtown Tucson, and the U of A, this duplex is a perfect addition to anyone's investment portfolio!

Last Agent to Sell the Property

Scott Autenreith

Keller Williams Southern Arizona Listed on: 04/27/2023

Last Buyer's Agent

Shay Todd

Richmond American Homes of AZ

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,181

Year Built

  • Built in 1955

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x152
  • Chain Link Fence
  • Landscaped with Trees
  • Front Yard

Home Design

  • Duplex
  • Contemporary Architecture
  • Brick Exterior Construction
  • Frame With Stucco
  • Shingle Roof

Interior Spaces

  • Bathtub with Shower
  • 2,448 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Combination Dining and Living Room
  • Ceramic Tile Flooring
  • City Views
  • Laundry Located Outside

Kitchen

  • Breakfast Area or Nook
  • Electric Range

Parking

  • 4 Parking Spaces
  • Gravel Driveway

Schools

  • Blenman Elementary School
  • Doolen Middle School
  • Catalina High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • Covered patio or porch
  • Ground Level

Listing and Financial Details

  • $4,181 special tax assessment

Community Details

Overview

  • Biltmore Resub Subdivision
  • The community has rules related to deed restrictions

Building Details

  • Insurance Expense $1,200
  • Professional Management Expense $3,780
  • Water Sewer Expense $1,000
  • Gross Income $35,910
  • Net Operating Income $25,749

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,181

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 2 Plex
  • Style: Contemporary
  • Technology: Cable TV, High Speed Internet, Telephone
  • Accessibility Options: None
  • Legal Description: BILTMORE RESUB E50' W250' S2 EXC N10' BLK 5
  • Attached Detached: Detached
  • List Price per Sq Ft: 196.08
  • Subdivision Restrict C C And Rs: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Window Coverings: Some
  • Floor Covering: Ceramic Tile
  • Gross Sq Ft: 2448.00
  • Bathroom Features: Shower & Tub/Primary
  • Breakfast: Area
  • Dining Areas: Dining in LR/GR
  • Dining Room: Area
  • Living Areas: Living Room
  • Laundry: Laundry Closet, Outside
  • Extra Room: None
  • Kitchen Features: Electric Range, Refrigerator
  • Interior Steps: No

Exterior Features

  • Construction: Brick, Frame - Stucco
  • Construction Status: Existing
  • Driveway Paved: Gravel
  • F E M A Flood Zone: No
  • Fence: Chain Link
  • Landscape Front: Decorative Gravel, Low Care, Trees
  • Landscape Rear: Decorative Gravel
  • Patio Deck: Covered
  • Pool: None
  • Road Maintenance: City
  • Roof: Shingle
  • Spa: None
  • View: City
  • Exterior Feature: None

Garage/Parking

  • Total Parking: 4

Utilities

  • Water: City Water
  • Water Heater: Electric
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Main Cooling: Central Air
  • Main Heating: Forced Air
  • Security: None
  • Sewer: Connected

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: Yes
  • Neighborhood Features: None

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Taxes Assessments: 4181.15

Schools

  • School District: TUSD
  • Elementary School: Blenman
  • Middle School: Doolen
  • High School: Catalina

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.17
  • Lot Dimensions: 50x152
  • Lot Features: Subdivided
  • Lot Size Price Sq Ft: 64.82
  • Lot Sq Ft: 7405.00
  • Lot Sz Sold Prc Sq Ft: 65.50
  • Municipality Zoning: Tucson - NR2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1955

Rental Info

  • Utilities Paid Cable TV: Tenant
  • Utilities Paid Electric: Tenant
  • Utilities Paid Gas: Tenant
  • Utilities Paid Insurance: Owner
  • Utilities Paid Sewer: Owner
  • Utilities Paid Taxes: Owner
  • Utilities Paid Trash: Owner
  • Utilities Paid Water: Owner

Tax Info

  • Tax Code: 123-14-0990
  • Taxes: 4181.15
  • Tax Year: 2022
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Doolen
  • Elementary School: Blenman
  • High School: Catalina
  • School District: TUSD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 28, 2024
Sold by
Makhanova Aigul
Bought by
Makhanova Management 1 Llc
Current Estimated Value
$536,956

Purchase Details

Listed on
Apr 27, 2023
Closed on
Jul 6, 2023
Sold by
Magnify Real Estate Borrower Spv I Llc
Bought by
Makhanova Aigul
Seller's Agent
Scott Autenreith
Keller Williams Southern Arizona
Buyer's Agent
Shay Todd
Richmond American Homes of AZ
List Price
$480,000
Sold Price
$485,000
Premium/Discount to List
$5,000
1.04%
Views
38

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.36%
Original Mortgage
$468,813
Interest Rate
6.57%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 25, 2019
Sold by
Magnify Capital Real Estate Fund Lp
Bought by
Magnify Real Estate Borrower Spv I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 12, 2018
Sold by
Mead Stephen P and Mead Jennifer R
Bought by
Magnify Capital Real Estate Fund Lp

Purchase Details

Closed on
Dec 7, 2000
Sold by
Surette Roger F and Surette Iris H
Bought by
Mead Stephen P and Mead Jennifer R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,800
Interest Rate
7.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 1998
Sold by
Haskell Donald P and Haskell Fernande A
Bought by
Surette Roger F and Surette Iris H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.13%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Makhanova Management 1 Llc -- None Listed On Document
Makhanova Aigul $485,000 Fidelity National Title
Magnify Real Estate Borrower Spv I Llc -- Os National Llc
Magnify Capital Real Estate Fund Lp $310,000 Catalina Title Agency
Magnify Capital Real Estate Fund Lp $310,000 Catalina Title Agency
Mead Stephen P $112,000 --
Surette Roger F $94,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Makhanova Aigul $468,813
Previous Owner Magnify Real Estate Borrower Spv I Llc $50,000,000
Previous Owner Mead Stephen P $100,800
Previous Owner Surette Roger F $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2023 07/07/23 Sold $485,000 +1.0% $198 / Sq Ft
04/27/2023 04/27/23 For Sale $480,000 0.0% $196 / Sq Ft
10/08/2012 10/08/12 Rented $1,100 0.0% --
09/08/2012 09/08/12 Under Contract -- -- --
08/15/2012 08/15/12 For Rent $1,100 +15.8% --
05/14/2012 05/14/12 Rented $950 0.0% --
05/14/2012 05/14/12 For Rent $950 -- --
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
2024 $3,883 $33,097 -- --
2023 $4,181 $31,521 $0 $0
2022 $4,181 $30,020 $0 $0
2021 $4,157 $27,229 $0 $0
2020 $4,031 $27,229 $0 $0
2019 $3,977 $27,854 $0 $0
2018 $3,890 $24,004 $0 $0
2017 $3,948 $24,004 $0 $0
2016 $3,999 $23,985 $0 $0
2015 $3,876 $22,843 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22309157

MLS of Southern Arizona

APN: 123-14-0990