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385 S Stone Ave Includes:

  • Combo Construction
  • Electric Metered Seperately
  • Gas Metered Seperately
  • Interior Steps
  • Laundry Facilities
  • Package Available
  • Central AC
  • Sewer Connected
  • City Water
  • Proforma Figures Presented
  • Forced Air Gas Heating
  • Fence
  • Fire Protection Included
Monthly P&I Estimate:
Down Payment
None 05% 10% 20% 30%40%
APR5.5%$2,669$2,535$2,402$2,135$1,868$1,601
6%$2,818$2,677$2,536$2,254$1,973$1,691
6.5%$2,971$2,822$2,674$2,377$2,080$1,782
7%$3,127$2,971$2,814$2,502$2,189$1,876
7.5%$3,286$3,122$2,958$2,629$2,300$1,972
8%$3,449$3,276$3,104$2,759$2,414$2,069

Remarks: Historic downtown 1905 two story building with 5 income units, all updated in 2000, plus a 2000 built duplex. All individually air-conditioned. Parking for the 7 units and the duplex itself are behind electronic security gates. Coin-operated laundry facilities. 15,600 SQF lot, HC-3 Commercial Zoning. Hi-profile exposure in the heart of the new downtown Tucson. Loft developments, museums, restaurants, shopping, offices all within walking distance.

Directions: Broadway, S Stone

  
385 S Stone Ave
Tucson, Arizona 85701

Map

Central Tucson

City Of Tucson

Property SubtypeCombination
Number of Units7
1 Br Units5
2 Br Units1
Studio Units1
Year Built 1905
Square Feet 4784
Lot Square Feet 15628
Stories 2
ZoningTucson - HC3
Tax Year2007
Capitalization Rate0.080
Gross Rent Multiplier10.36
 
Gross Income: 
Avg 1 Br Rent$520/Mo
Avg 2 Br Rent$725/Mo
Avg Studio Rent$400/Mo
Gross Scheduled Rents$44,700/Yr $3,725/Mo
Other Income$650/Yr
Adjusted Gross Income$45,350/Yr$3,779/Mo
 
Expenses: 
Gas & Electric$1035/Yr
Taxes$2996/Yr
Insurance$1533/Yr
Water and Sewer$1989/Yr
Total Expenses$7,553/Yr $629/Mo
 
Net Income: 
Net Income$37,797/Yr $3,150/Mo
 
listed by:
Long Realty Company

list price: $470,000




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