508 E Mohave Rd, Tucson, AZ, 85705

Location

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508 E Mohave Rd, Tucson$650,000

Buyer Closing Credits

$7,719^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeOther

ParkingAttached, >1 Space Per Unit, Street Parking

Attached GarageYes

Year Built1958

HeatingOther

CoolingOther

MLS #6785381

StatusActive

About 508 E Mohave Rd

508 E Mohave Road offers an excellent value-add opportunity for an investor looking for units in a thriving part of Tucson, just 7 minutes from the University of Arizona. At just shy of $93,000/unit, a buyer can acquire the asset at a great cost-basis and capitalize on rental premiums by strategically repositioning the property through renovations and operational optimization. Unit mix of (3) 2beds (2) 1beds (1) Studio and (1) Mobile (legally affixed. 10'x45') Gross rents of $5,760/month. Property is 100% Occupied, do not disturb tenants! No interior tours until accepted contract.

Property Details

Property Features

Property Information:

Year Built: 1958

Listing Office:

Office Name: Orion Investment Real Estate
Office Phone: (480) 634-6934
Listing Agent: Carter Marks

Interior Features

Interior Information:

Flooring Type: Other

Exterior Features

Parking Information:

Attached Garage: Yes
Parking: Attached, >1 Space Per Unit, Street Parking

Utilities

Utilities Information:

Heating: Other
Cooling: Other

Price Information

Listing Price Info

Price Summary:

List Price: $650,000

Tax Information:

Annual Amount: $2,560
Tax Year: 2021

What can I afford?

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Housing Market Comparison

See how this home compares to others in Tucson, AZ.

Tucson, AZ

City

Med. List Price

$389.9K

Med. Price/SqFt

$233

Avg. Days On Market

# of Sold Homes

508 E Mohave Rd vs Tucson

2 DAYS ON ROCKET

-67 Days

$650,000

+$260K More

KEY TAKEAWAY

This property is $260K more than the Median List Price in Tucson, AZ.

Based on homes listed in October 2024

MLS Details

MLS Information:

MLS Name: Arizona Regional Multiple Listing Service 2
MLS Number: #6785381

Listing Office:

Office Name: Orion Investment Real Estate
Office Phone: (480) 634-6934
Listing Agent: Carter Marks

The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/20/2024, 11:55:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEAR	PROP. TAX	ASSESSMENT
2021	$2,560	$18,115
2020	$2,559	$18,115
2019	$2,421	$17,568
2017	$2,380	$15,700

History based on county public records data.

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Homeowners Insurance

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Rate/APR

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

/10

L M Prince School
125 E Prince Rd
Distance between this listing and this school0.55 miles
Public District Grades PK-5

/10

Helen Keeling Elementary School
2837 N Los Altos Ave
Distance between this listing and this school0.64 miles
Public District Grades PK-5

/10

Frances Owen Holaway Elementary School
3500 N Cherry Ave
Distance between this listing and this school0.96 miles
Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

How much money do the neighbors make?

75%

<35k

24%

35k-100k

100k-200k

200k+

What level of education do the neighbors have?

Post Secondary: 53%
High School: 44%
Masters: 2%
Doctorate: 1%

What types of families live nearby?

68%

Single, No Kids

15%

Single, with Kids

Married, No Kids

Married, with Kids

Are the neighbors home owners or renters?

Renters: 91%
Home Owners: 9%

How old are people in this area?

16%

<11 yrs old

12-17 yrs old

36%

18-34 yrs old

37%

35-64 yrs old

65+ yrs old

What do the neighbors do for fun?

Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer

Where do the neighbors shop?

H&M
Burlington
Foot Locker

Where do the neighbors go to eat?

Boston Market
White Castle
Popeyes

What do the neighbors drive?

Honda
Kia
Nissan

What do the neighbors listen to?

Rhythmic Contemporary Hits
Urban Adult Contemporary
News

The neighbors living near this home have an average income of $21,047. Most Tucson, AZ residents have annual incomes less than $35k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 508 E Mohave Rd

What is the listing price of this property?

The listing price of 508 E Mohave Rd property is $650,000.

What type of property is this?

The property 508 E Mohave Rd is a house located in Tucson, Arizona, 85705.

Is this property for sale now?

Active Listing: 508 E Mohave Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,560 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 508 E Mohave Rd is 1958.

Rocket Homes›Arizona›Pima County›Tucson›85705›508 E Mohave Rd

This home is located at 508 E Mohave Rd in Tucson, AZ and zip code 85705 in the Ward 3 neighborhood. This home was built in 1958. It has been listed on Rocket Homes since November 18, 2024 and is currently priced at $650,000.

The number of listings in Tucson, AZ increased by 54.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 69 days, the median list price was $389,925.

Location

Property Highlights

Property Details

Property Features

Interior Features

Exterior Features

Utilities

Price Information

Listing Price Info

Housing Market Comparison

MLS Details

Property Sales & Tax

Tax History

Payment Calculator

Schools

Schools Nearby

Neighborhood

What Are The Neighbors Like?

Frequently Asked Questions About 508 E Mohave Rd

More Resources

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Housing Market Reports in Pima County