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811 N Alvernon Way Includes:

  • Slump Block Construction
  • Electric Metered Seperately
  • Laundry Facilities
  • Central AC
  • Pool
  • Sewer Connected
  • City Water
  • Proforma Figures Presented
  • Other Heating
  • Fence
  • Fire Protection Included
Monthly P&I Estimate:
Down Payment
None 05% 10% 20% 30%40%
APR5.5%$12,486$11,861$11,237$9,989$8,740$7,491
6%$13,184$12,525$11,866$10,547$9,229$7,910
6.5%$13,899$13,204$12,509$11,119$9,729$8,340
7%$14,630$13,899$13,167$11,704$10,241$8,778
7.5%$15,376$14,607$13,838$12,301$10,763$9,225
8%$16,135$15,329$14,522$12,908$11,295$9,681

Remarks: 61 unit apartment complex in a great rental location. Excellent Unit Mix and good cash flow. Property is just minutes from the University of Arizona and University Medical Center. Two pools and two onsite laundry facilities. Rents are in the process of being raised. Two of the four buildings are master metered electric.

Directions: From Speedway and Alvernon, South on Alvernon to address on right hand side.

  
811 N Alvernon Way
Tucson, Arizona 85711

Map

Central Tucson

Speedway View

Property SubtypeApartment
Number of Units61
1 Br Units32
2 Br Units20
3 Br Units4
Studio Units5
Year Built 1958
Square Feet 45211
Acres1
Stories 2
ZoningTucson - R3
Tax Year2007
Capitalization Rate0.100
Gross Rent Multiplier5.22
 
Gross Income: 
Avg 1 Br Rent$531/Mo
Avg 2 Br Rent$718/Mo
Avg 3 Br Rent$737/Mo
Avg Studio Rent$450/Mo
Gross Scheduled Rents$438,600/Yr $36,550/Mo
Other Income$4698/Yr
Vacancy Loss-$21676/Yr
Adjusted Gross Income$421,622/Yr$35,135/Mo
 
Expenses: 
Admin Expenses$8984/Yr
Capital Expenses$14956/Yr
Contract Services$5765/Yr
Gas & Electric$88364/Yr
Taxes$21814/Yr
Insurance$11944/Yr
Maintenance & Supplies$27659/Yr
Management$21000/Yr
Water and Sewer$16195/Yr
Other Expenses$305/Yr
Total Expenses$216,986/Yr $18,082/Mo
 
Net Income: 
Net Income$204,636/Yr $17,053/Mo
 
listed by:
AMA Ammon

list price: $2,199,000




Information Deemed Reliable But Not Guaranteed

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