
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% | | APR | 5.5% | $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. |
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11941 W Grier Rd Tucson, Arizona 85653
Map
Extended NorthWest Tucson
| Property Subtype | Apartment | | Number of Units | 18 | | 1 Br Units | 5 | | 2 Br Units | 8 | | 3 Br Units | 5 | | Year Built | 1984 | | Square Feet | 14426 | | Acres | 2 | | Stories | 1 | | Zoning | Marana - C | | Tax Year | 2006 | | Capitalization Rate | 0.083 | | Gross Rent Multiplier | 7.09 | | | | 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 Companylist price: $1,179,000
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