NOT LISTED FOR SALE

Estimated Value: $948,000 - $1,701,000

17 Beds
10 Baths
5,534 Sq Ft
$268/Sq Ft Est. Value

Last Sold August 06, 2019

Last sale price $1,050,000 $190 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $8,503/month

240 Days on Market

Highlights

  • 0.39 Acre Lot
  • Southwestern Architecture
  • Community Pool
  • Mountain View
  • Corian Countertops
  • Covered Patio or Porch

About This Home

As of August 2019

Price Reduced 4/29/2019! Listed at 10.25% Cap Rate. Gorgeously Remodeled Student Housing Group Home located across the Street from UofA Campus! Property leased through 7/2019! Property completely remodeled in Spring of 2011 with two new kitchens, 10 new bathrooms, all new hardwood and tile floors! Please view pictures and virtual tour. Serious investors only please. Amazing cashflow! Please do not disturb tenants or trespass onto property. Management company that has kept the property 100% leased from 7/2011 through current date is willing to stay on and manage the property.

Last Agent to Sell the Property

Jarrett Reidhead

Tucson Integrity Realty, LLC Listed on: 11/28/2018

Last Buyer's Agent

Daniel Gutierrez

Keller Williams Southern Arizona

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,165

Year Built

  • Built in 1938

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 96 x 175
  • Property fronts an alley
  • Dog Run
  • Wrought Iron Fence
  • Block Wall Fence
  • Landscaped with Trees
  • Back Yard

Home Design

  • Duplex
  • Southwestern Architecture
  • Frame With Stucco
  • Shingle Roof
  • Built-Up Roof
  • Masonry

Interior Spaces

  • 5,534 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Window Treatments
  • Combination Dining and Living Room
  • Mountain Views
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Electric Oven
  • Electric Range
  • Built-In Microwave
  • Dishwasher
  • Corian Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Pedestal Sink
  • Shower Only in Secondary Bathroom

Home Security

  • Window Bars
  • Security Lights
  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • 14 Parking Spaces
  • Driveway

Accessible Home Design

  • Roll-in Shower
  • Bath Modification
  • Accessible Hallway
  • Doors with lever handles
  • Doors are 32 inches wide or more
  • Level Entry For Accessibility
  • Ramp on the main level

Outdoor Features

  • Courtyard
  • Covered Patio or Porch
  • Shed

Schools

  • Davidson Elementary School
  • Mansfeld Middle School
  • Tucson High School

Utilities

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

Additional Features

  • North or South Exposure
  • Ground Level

Listing and Financial Details

  • $8,165 special tax assessment

Community Details

Overview

  • Buells Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Community Pool

Building Details

  • Insurance Expense $7,564
  • Maintenance Expense $18,619
  • Professional Management Expense $18,360
  • Gross Income $187,850
  • Net Operating Income $134,414

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,165

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 2 Plex
  • Style: Southwestern
  • Technology: Cable TV, High Speed Internet, Telephone
  • Accessibility Options: Door Levers, Entry, Other Bath Modification, Ramped Main Level, Roll-In Shower, Wide Doorways, Wide Hallways
  • Legal Description: BUELLS LOT 11 & 12 BLK 19 EXC N5.4'
  • Attached Detached: Attached
  • List Price per Sq Ft: 234.91
  • Subdivision Restrict C C And Rs: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Dual Pane Windows, Fire Sprinklers, Smoke Detector
  • Window Coverings: Stay
  • Floor Covering: Carpet, Ceramic Tile
  • Gross Sq Ft: 5534.00
  • Bathroom Features: Pedestal Sink(s), Shower Only/Hall
  • Hall Countertops: Some
  • Breakfast: Area
  • Dining Areas: Dining in LR/GR
  • Dining Room: Area
  • Kitchen Features Countertops: Corian
  • Kitchen Features Microwave: Built In
  • Kitchen Features Oven: Electric
  • Living Areas: Living Room
  • Living Areas Other: Study Hall
  • Laundry: Laundry Room
  • Extra Room: None
  • Kitchen Features: Dishwasher, Electric Range, Garbage Disposal, Refrigerator
  • Interior Steps: Yes

Exterior Features

  • Construction: Frame - Stucco, Masonry Stucco
  • Construction Status: Existing
  • Driveway Paved: Asphalt
  • F E M A Flood Zone: No
  • Fence: Block, Wrought Iron
  • Landscape Front: Decorative Gravel, Graded, Low Care
  • Landscape Rear: Decorative Gravel, Low Care, Trees
  • Patio Deck: Covered
  • Pool: Community
  • Road Maintenance: City
  • Roof: Built-Up - Reflect, Shingle
  • Spa: None
  • View: Mountain(s)
  • Exterior Feature: Courtyard, Dog Run, Shed

Garage/Parking

  • Total Parking: 14

Utilities

  • Water: City Water
  • Water Heater: Natural Gas
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Main Cooling: Zoned
  • Main Heating: Forced Air, Natural Gas
  • Security: Security Lights, Window Bars
  • Sewer: Connected

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: Yes
  • Neighborhood Features: Pool, Sidewalks

Fee Information

  • Expenses Admin Expenses: 728.00
  • Expenses Figures Presented: Proforma
  • Expenses Maintenance Supplies: 18619.00
  • Expenses Taxes Assessments: 8165.00

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.39
  • Lot Dimensions: 96 X 175
  • Lot Features: Adjacent to Alley, North/South Exposure, Subdivided
  • Lot Size Price Sq Ft: 77.01
  • Lot Sq Ft: 16881.00
  • Lot Sz Sold Prc Sq Ft: 62.20
  • Municipality Zoning: Tucson - R3
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1938

Rental Info

  • Utilities Paid Cable TV: Tenant
  • Utilities Paid Electric: Tenant
  • Utilities Paid Gas: Tenant
  • Utilities Paid Insurance: Owner
  • Utilities Paid Landscaping: Owner
  • Utilities Paid Pool Spa Maintenance: Owner
  • Utilities Paid Sewer: Tenant
  • Utilities Paid Taxes: Owner
  • Utilities Paid Trash: Tenant
  • Utilities Paid Water: Tenant

Tax Info

  • Tax Code: 124-05-226B
  • Taxes: 8165.00
  • Tax Year: 2018
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Mansfeld
  • Elementary School: Davidson
  • High School: Tucson
  • School District: TUSD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 4, 2020
Sold by
Hooper Austin
Bought by
Cardinal Assets Arizona Llc
Current Estimated Value
$1,480,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$685,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 28, 2018
Closed on
Aug 2, 2019
Sold by
Barnston Properties Llc
Bought by
Hooper Austin
Seller's Agent
Jarrett Reidhead
Tucson Integrity Realty, LLC
Buyer's Agent
Daniel Gutierrez
Keller Williams Southern Arizona
List Price
$1,050,000
Sold Price
$1,050,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.50%
Original Mortgage
$685,000
Interest Rate
3.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 18, 2014
Sold by
928 E 6Th Street Llc
Bought by
Barnston Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2010
Sold by
Tucson Center For Women & Children Inc
Bought by
928 E 6Th Street Llc
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
Cardinal Assets Arizona Llc -- Stewart Title & Tr Of Tucson
Cardinal Assets Arizona Llc -- Stewart Title
Hooper Austin $1,050,000 Catalina Title Agency
Barnston Properties Llc $1,450,000 Stewart Title & Trust Of Tuc
928 E 6Th Street Llc $325,000 Tfati
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cardinal Assets Arizona Llc $685,000
Previous Owner Hooper Austin $685,000
Previous Owner Barnston Properties Llc $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/06/2019 08/06/19 Sold $1,050,000 0.0% $190 / Sq Ft
07/07/2019 07/07/19 Pending -- -- --
11/28/2018 11/28/18 For Sale $1,050,000 -- $190 / 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 $9,213 $69,646 -- --
2024 $8,331 $66,329 -- --
2023 $8,331 $63,171 -- --
2022 $8,379 $60,163 $0 $0
2021 $8,331 $54,569 $0 $0
2020 $8,078 $54,569 $0 $0
2019 $8,106 $52,850 $0 $0
2018 $8,165 $50,063 $0 $0
2017 $8,234 $50,063 $0 $0
2016 $7,950 $47,679 $0 $0
2015 $7,704 $45,409 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21831374

MLS of Southern Arizona

APN: 124-05-226B