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11941 W Grier Rd Includes:

  • Frame Stucco Construction
  • Electric Metered Seperately
  • Gas Metered Seperately
  • Laundry Facilities
  • Package Available
  • Central Evaportive Cooling
  • Sewer Connected
  • City Water
  • Proforma Figures Presented
  • Forced Air Gas Heating
  • Fire Protection Included
Monthly P&I Estimate:
Down Payment
None 05% 10% 20% 30%40%
APR5.5%$6,694$6,360$6,025$5,355$4,686$4,017
6%$7,069$6,715$6,362$5,655$4,948$4,241
6.5%$7,452$7,079$6,707$5,962$5,216$4,471
7%$7,844$7,452$7,060$6,275$5,491$4,706
7.5%$8,244$7,832$7,419$6,595$5,771$4,946
8%$8,651$8,219$7,786$6,921$6,056$5,191

Remarks: Townhouse like setting on large parcel of land. Great mix of 1,2 and 3 BR units. CAP rate does not reflect the value of the excess land. This is a government subsidized housing complex so the rental rates are stable and above market. Property has been completely renovated including roofs and unit interiors. Rent roll and financials are available.

Directions: In Marana go West on Barnett to Sanderio, then North to Grier, than West to address.

  
11941 W Grier Rd
Tucson, Arizona 85653

Map

Extended NorthWest Tucson

Property SubtypeApartment
Number of Units18
1 Br Units5
2 Br Units8
3 Br Units5
Year Built 1984
Square Feet 14426
Acres2
Stories 1
ZoningMarana - C
Tax Year2006
Capitalization Rate0.083
Gross Rent Multiplier7.09
 
Gross Income: 
Avg 1 Br Rent$689/Mo
Avg 2 Br Rent$818/Mo
Avg 3 Br Rent$883/Mo
Gross Scheduled Rents$172,848/Yr $14,404/Mo
Other Income$2000/Yr
Vacancy Loss-$8640/Yr
Adjusted Gross Income$166,208/Yr$13,851/Mo
 
Expenses: 
Taxes$8484/Yr
Insurance$9486/Yr
Maintenance & Supplies$15492/Yr
Management$10280/Yr
Water and Sewer$12235/Yr
Other Expenses$12656/Yr
Total Expenses$68,633/Yr $5,719/Mo
 
Net Income: 
Net Income$97,575/Yr $8,131/Mo
 
listed by:
Long Realty Company

list price: $1,179,000




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