
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% | | APR | 5.5% | $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. |
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811 N Alvernon Way Tucson, Arizona 85711
Map
Central Tucson Speedway View
| Property Subtype | Apartment | | Number of Units | 61 | | 1 Br Units | 32 | | 2 Br Units | 20 | | 3 Br Units | 4 | | Studio Units | 5 | | Year Built | 1958 | | Square Feet | 45211 | | Acres | 1 | | Stories | 2 | | Zoning | Tucson - R3 | | Tax Year | 2007 | | Capitalization Rate | 0.100 | | Gross Rent Multiplier | 5.22 | | | | 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 Ammonlist price: $2,199,000
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