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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%
APR5.5%$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.

  
2602 N 14th Ave
Tucson, Arizona 85705

Map

Central Tucson

Miracle Mile Manor

Property SubtypeApartment
Number of Units23
1 Br Units23
Year Built 1963
Square Feet 13024
Lot Square Feet 16030
Stories 2
ZoningTucson - C2
Tax Year2007
Capitalization Rate0.069
Gross Rent Multiplier10.43
 
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 Realty

list price: $1,150,000




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