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3274 E Benson Hwy Includes:

  • Slump Block Construction
  • Laundry Facilities
  • Package Available
  • Wall AC
  • Pool
  • Wall Evaportive Cooling
  • Sewer Connected
  • City Water
  • Proforma Figures Presented
  • Wall Heating
Monthly P&I Estimate:
Down Payment
None 05% 10% 20% 30%40%
APR5.5%$2,839$2,697$2,555$2,271$1,987$1,703
6%$2,998$2,848$2,698$2,398$2,098$1,799
6.5%$3,160$3,002$2,844$2,528$2,212$1,896
7%$3,327$3,160$2,994$2,661$2,329$1,996
7.5%$3,496$3,321$3,146$2,797$2,447$2,098
8%$3,669$3,485$3,302$2,935$2,568$2,201

Remarks: The Lariat is a 25 unit former motel complex conveniently located near I-10 and Palo Verde. These are fully furnished units and many are equipped with kichenettes. Pride of Ownership Property! Very little deferred maintenance,owner has made extensive repairs and upgrades to the property. Currently owner is the on-site manager and is seeking to retire.

Directions: 22nd Street/Palo Verde-south,Benson Highway-east to address.

  
3274 E Benson Hwy
Tucson, Arizona 85706

Map

South Tucson

Los Ranchitos

Property SubtypeCombination
Number of Units25
1 Br Units11
Studio Units12
Other Units2
Year Built 1947
Square Feet 7413
Lot Square Feet 37897
Stories 1
ZoningPima County - MU
Tax Year2007
Capitalization Rate0.122
Gross Rent Multiplier4.51
 
Gross Income: 
Avg 1 Br Rent$740/Mo
Avg Studio Rent$660/Mo
Gross Scheduled Rents$192,720/Yr $16,060/Mo
Other Income$1550/Yr
Vacancy Loss-$83390/Yr
Adjusted Gross Income$110,880/Yr$9,240/Mo
 
Expenses: 
Contract Services$1666/Yr
Gas & Electric$8954/Yr
Taxes$6080/Yr
Insurance$7000/Yr
Maintenance & Supplies$12000/Yr
Resident Manager$11000/Yr
Water and Sewer$2268/Yr
Other Expenses$1023/Yr
Total Expenses$49,991/Yr $4,166/Mo
 
Net Income: 
Net Income$60,889/Yr $5,074/Mo
 
listed by:
Long Realty Company

list price: $500,000




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