
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% | | APR | 5.5% | $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 |
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385 S Stone Ave Tucson, Arizona 85701
Map
Central Tucson City Of Tucson
| Property Subtype | Combination | | Number of Units | 7 | | 1 Br Units | 5 | | 2 Br Units | 1 | | Studio Units | 1 | | Year Built | 1905 | | Square Feet | 4784 | | Lot Square Feet | 15628 | | Stories | 2 | | Zoning | Tucson - HC3 | | Tax Year | 2007 | | Capitalization Rate | 0.080 | | Gross Rent Multiplier | 10.36 | | | | 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 Companylist price: $470,000
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