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2701 N Stone Ave Includes:

  • Combo Construction
  • Electric Metered Seperately
  • Water Metered Seperately
  • Laundry Facilities
  • Covered Parking
  • Central Evaportive Cooling
  • Sewer Connected
  • City Water
  • Actual Figures Presented
  • Combo Heating
  • Fire Protection Included
Monthly P&I Estimate:
Down Payment
None 05% 10% 20% 30%40%
APR5.5%$2,268$2,155$2,041$1,815$1,588$1,361
6%$2,395$2,275$2,156$1,916$1,677$1,437
6.5%$2,525$2,399$2,273$2,020$1,768$1,515
7%$2,658$2,525$2,392$2,126$1,861$1,595
7.5%$2,793$2,654$2,514$2,235$1,955$1,676
8%$2,931$2,785$2,638$2,345$2,052$1,759

Remarks: Zoned BC2 - hot commercial area. Allows for medical, fast food, professional services and more. Owner will carry loan 30 year amortization. Kelso houses are #8-22 W. Kelso. Corner Stone & Kelso-2701-03 Stone & 8-22 Kelso 3 parcel #s

Directions: Grant & Stone north to W. Kelso at Stone, corner lot.

  
2701 N Stone Ave
Tucson, Arizona 85705

Map

Central Tucson

Coronado Heights

Property SubtypeApartment
Number of Units8
1 Br Units2
2 Br Units4
3 Br Units1
Other Units1
Year Built 1946
Square Feet 5869
Lot Square Feet 24800
Stories 1
ZoningPima County - CB2
Tax Year2008
Capitalization Rate0.100
Gross Rent Multiplier7.54
 
Gross Income: 
Avg 1 Br Rent$475/Mo
Avg 2 Br Rent$550/Mo
Avg 3 Br Rent$615/Mo
Avg Other Rent$650/Mo
Gross Scheduled Rents$52,980/Yr $4,415/Mo
 
Expenses: 
Gas & Electric$2287/Yr
Taxes$3847/Yr
Insurance$4701/Yr
Maintenance & Supplies$1665/Yr
Other Expenses$396/Yr
Total Expenses$12,896/Yr $1,075/Mo
 
Net Income: 
Net Income$40,084/Yr $3,340/Mo
 
listed by:
Long Realty Company

list price: $399,500




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