1841 S irving Ave Includes: - Slump Block 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% | $6,473 | $6,149 | $5,826 | $5,178 | $4,531 | $3,884 | | 6% | $6,835 | $6,493 | $6,151 | $5,468 | $4,784 | $4,101 | | 6.5% | $7,206 | $6,845 | $6,485 | $5,764 | $5,044 | $4,323 | | 7% | $7,584 | $7,205 | $6,826 | $6,068 | $5,309 | $4,551 | | 7.5% | $7,971 | $7,572 | $7,174 | $6,377 | $5,580 | $4,783 | | 8% | $8,365 | $7,947 | $7,528 | $6,692 | $5,855 | $5,019 |
Remarks: COMPLETE REMODEL, PROFESSIONALY MANAGED AND NO DEFERRED MAINTENANCE HAS ENABLED THIS PROPERTY TO PERFORM EITH A HIGH NET RETURN 8.4 CAP RATE!!! Olive Tree is a 20-unit apartment complex that has undergone a complete rehab with all new and or upgraded: electrical, plumbing, kitchens, baths, flooring, appliances, paint, landscaping and HVAC systems.Upside of an additional $4000 per year by converting the existing storage rooms to laundry facilities Directions: Swan and 29TH street west to Irving north to property |
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1841 S irving Ave
Tucson, Arizona 85711
Map
Central Tucson Alvernon Heights
| Property Subtype | Apartment | | Number of Units | 20 | | 2 Br Units | 20 | | Year Built | 1964 | | Square Feet | 15808 | | Lot Square Feet | 19166 | | Stories | 2 | | Zoning | Tucson - C1 | | Tax Year | 2008 | | Capitalization Rate | 0.086 | | Gross Rent Multiplier | 7.68 | | | | Gross Income: | | | Avg 2 Br Rent | $665/Mo | | Gross Scheduled Rents | $159,600/Yr | $13,300/Mo | | Vacancy Loss | -$11138/Yr | | Adjusted Gross Income | $148,462/Yr | $12,372/Mo | | | | Expenses: | | | Admin Expenses | $3200/Yr | | Contract Services | $2880/Yr | | Gas & Electric | $3600/Yr | | Taxes | $6924/Yr | | Insurance | $3300/Yr | | Maintenance & Supplies | $5860/Yr | | Management | $11838/Yr | | Water and Sewer | $7600/Yr | | Other Expenses | $5000/Yr | | Total Expenses | $50,202/Yr | $4,184/Mo | | | | Net Income: | | | Net Income | $98,260/Yr | $8,188/Mo |
listed by:
Walsh Realty LLClist price: $1,140,000
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