NOT LISTED FOR SALE

840 E Elm St Tucson, AZ 85719

North University Neighborhood

Estimated Value: $404,000 - $506,280

3 Beds
4 Baths
1,860 Sq Ft
$248/Sq Ft Est. Value

Last Sold December 14, 2018

Last sale price $240,000 $129 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $2,608/month

41 Days on Market

Highlights

  • RV Access or Parking
  • No HOA
  • Circular Driveway
  • Ranch Style House
  • Covered Patio or Porch
  • Eat-In Kitchen

About This Home

As of December 2018

Very clean tri-plex that is an in demand rental. Close proximity to U of A. Consistently rented. Excellent price for investment. All 3 units have a backyard as well as off street parking. Consists of a two bedroom unit, a one bedroom and a studio. Shown by appt only with 48 hours notice. Please do not disturb tenants.

Last Agent to Sell the Property

Jolene Neubaum

Coldwell Banker Realty License #BR006632000 Listed on: 10/03/2018

Coldwell Banker Realty

Co-Listed By

Rick Syres

Coldwell Banker Realty

Last Buyer's Agent

Robert Bobby Riv Burchette

Tierra Antigua Realty

Tierra Antigua Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 75' x 150'
  • Property fronts an alley
  • Wood Fence
  • Chain Link Fence
  • Landscaped with Trees

Home Design

  • Triplex
  • Ranch Style House
  • Brick or Stone Mason
  • Frame Construction
  • Shingle Roof
  • Rolled or Hot Mop Roof
  • Lead Paint Disclosure

Interior Spaces

  • 1,860 Sq Ft Home
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Gas Range

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Split Bedroom Floorplan
  • Walk-In Closet

Parking

  • 8 Parking Spaces
  • Circular Driveway
  • RV Access or Parking

Schools

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

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Natural Gas Water Heater
  • Phone Available

Additional Features

  • North or South Exposure
  • Covered Patio or Porch
  • Ground Level

Listing and Financial Details

  • $2,107 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • No Laundry Facilities

Building Details

  • Insurance Expense $800
  • Water Sewer Expense $1,980
  • New Taxes Expense $2,107
  • Operating Expense $4,887
  • Gross Income $20,880
  • Net Operating Income $15,993

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Horses: No
  • Lot Size: 75' x 150'
  • Road Surface Type: Paved
  • CapRate: 6.66
  • Co List Office Mls Id: 70202
  • Co List Office Phone: 520-906-0905
  • Co List Office Mls Id: 70202
  • Subdivision Name: University Home Addition
  • General Property Information: List Price/SqFt: 132.8
  • General Property Information: Lot Size Price/SqFt: 21.81
  • Special Features: None

Interior Features

  • Interior Amenities: Walk-In Closet(s)
  • Kitchen Features Appliance Color: White
  • Appliances: Electric Range, Gas Range, Refrigerator

Exterior Features

  • ExteriorFeatures: None
  • Roof: Rolled, Shingle
  • View: None
  • Construction Type: Brick, Frame
  • Patio And Porch Features: Covered

Garage/Parking

  • Parking Features: Circular

Utilities

  • Electric Electric Company: TEP
  • Utilities: Sewer Connected, Phone Connected
  • Laundry Features: None
  • Cooling: Central Air, Wall Unit(s)
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Taxes Assessments: 2107.0
  • Annual Water Sewer Expense: 1980.0

Schools

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

Lot Info

  • Lot Features: Adjacent to Alley, North/South Exposure, Subdivided, Decorative Gravel
  • Lot Size Sq Ft: 21.0
  • Zoning: Tucson - R2

Building Info

  • Year Built: 1954

Rental Info

  • Utilities Paid Landscaping: Owner
  • Utilities Paid Trash: Owner

Tax Info

  • Tax Year: 2018
  • New Taxes Expense: 2107.0

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 20880.0
  • Insurance Expense: 800.0
  • Property Net Operating Income: 15993.0
  • Annual Operating Expense: 4887.0

MLS Schools

  • Elementary School: Blenman
  • High School: Catalina

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2018
Closed on
Dec 10, 2018
Sold by
Hammack Billy
Bought by
Bellini Jonathan and Chavez Yovannah
Seller's Agent
Jolene Neubaum
Coldwell Banker Realty
Buyer's Agent
Robert Bobby Riv Burchette
Tierra Antigua Realty
List Price
$240,000
Sold Price
$240,000
Current Estimated Value
$462,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,093
Avg. Annual Appreciation
9.64%
Original Mortgage
$180,000
Outstanding Balance
$110,842
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$351,252
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Bellini Jonathan $240,000 Title Security Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bellini Jonathan $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2018 12/14/18 Sold $240,000 0.0% $129 / Sq Ft
11/14/2018 11/14/18 Pending -- -- --
10/02/2018 10/02/18 For Sale $240,000 -- $129 / 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 $2,490 $19,764 -- --
2025 $2,490 $18,823 -- --
2024 $2,389 $17,927 -- --
2023 $2,254 $17,073 $0 $0
2022 $2,265 $16,260 $0 $0
2021 $2,252 $14,748 $0 $0
2020 $2,183 $15,790 $0 $0
2019 $2,154 $15,677 $0 $0
2018 $2,107 $12,740 $0 $0
2017 $2,095 $12,740 $0 $0
2016 $2,030 $12,133 $0 $0
2015 $1,970 $11,556 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jolene Neubaum

    Coldwell Banker Realty

    (520) 577-7433

    27 Total Sales

    Jolene Neubaum
    Section Image

  • R

    Seller Co-Listing Agent in 2018

    Rick Syres

    Coldwell Banker Realty

    Section Image

  • M

    Buyer Co-Listing Agent in 2018

    Michael Rapp

    Tierra Antigua Realty

    Section Image
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Map

Source: MLS of Southern Arizona

MLS Number: 21826684

MLS of Southern Arizona

APN: 123-15-0400

Arizona Pima County Tucson 85719 North University

840 E Elm St, Tucson, AZ

Not Listed for Sale

MultiFamily

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