
2602 N 14th Ave Includes: - Concrete Block Construction
- Electric Metered Seperately
- Gas Metered Seperately
- Laundry Facilities
- Central AC
- Combo Evaportive Cooling
- Sewer Connected
- City Water
- Actual Figures Presented
- Forced Air Electric Heating
- Fence
- Fire Protection Included
Monthly P&I Estimate:
| | Down Payment | | | None | 05% | 10% | 20% | 30% | 40% | | APR | 5.5% | $6,530 | $6,203 | $5,877 | $5,224 | $4,571 | $3,918 | | 6% | $6,895 | $6,550 | $6,205 | $5,516 | $4,826 | $4,137 | | 6.5% | $7,269 | $6,905 | $6,542 | $5,815 | $5,088 | $4,361 | | 7% | $7,651 | $7,268 | $6,886 | $6,121 | $5,356 | $4,591 | | 7.5% | $8,041 | $7,639 | $7,237 | $6,433 | $5,629 | $4,825 | | 8% | $8,438 | $8,016 | $7,594 | $6,751 | $5,907 | $5,063 |
Remarks: Well maintained 23 unit apt building with on-site laundry offering a very good rental history and potential for increased rents. 21 units have been updated/remodeled. Most coolers have been replaced with new A/C in last 2 yrs and new security gate and fencing added in last year. Near mall and restaurants. Includes adj lot (Parcel# 107-09-12A) at no cost offering unique opportunity to build additional units. Buyer agrees to assist with 1031 exchg. Directions: Grant/Oracle N to Kelso W/14th Ave S to address at NE corner of 14th and Jacinto. |
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2602 N 14th Ave Tucson, Arizona 85705
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Central Tucson Miracle Mile Manor
| Property Subtype | Apartment | | Number of Units | 23 | | 1 Br Units | 23 | | Year Built | 1963 | | Square Feet | 13024 | | Lot Square Feet | 16030 | | Stories | 2 | | Zoning | Tucson - C2 | | Tax Year | 2007 | | Capitalization Rate | 0.069 | | Gross Rent Multiplier | 10.43 | | | | Gross Income: | | | Avg 1 Br Rent | $441/Mo | | Gross Scheduled Rents | $121,716/Yr | $10,143/Mo | | Other Income | $3645/Yr | | Vacancy Loss | -$15054/Yr | | Adjusted Gross Income | $110,307/Yr | $9,192/Mo | | | | Expenses: | | | Admin Expenses | $1013/Yr | | Gas & Electric | $5895/Yr | | Taxes | $6783/Yr | | Insurance | $4555/Yr | | Maintenance & Supplies | $5749/Yr | | Water and Sewer | $5541/Yr | | Other Expenses | $1468/Yr | | Total Expenses | $31,004/Yr | $2,584/Mo | | | | Net Income: | | | Net Income | $79,303/Yr | $6,609/Mo |
listed by: Tierra Antigua Realtylist price: $1,150,000
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