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770 N Dodge Blvd Includes:

  • Masonry Stucco Construction
  • Laundry Facilities
  • Package Available
  • Central AC
  • Pool
  • Sewer Connected
  • City Water
  • Proforma Figures Presented
  • Zoned Gas Heating
  • Fire Protection Included
Monthly P&I Estimate:
Down Payment
None 05% 10% 20% 30%40%
APR5.5%$7,097$6,742$6,388$5,678$4,968$4,258
6%$7,494$7,120$6,745$5,996$5,246$4,497
6.5%$7,901$7,506$7,111$6,321$5,531$4,741
7%$8,316$7,900$7,485$6,653$5,821$4,990
7.5%$8,740$8,303$7,866$6,992$6,118$5,244
8%$9,172$8,713$8,255$7,338$6,420$5,503

Remarks: Here is your chance to buy WAY below market. Complex currently being remodeled w/mostly interior work remaining. Currently 12 units are occupied & the rest are in various states of completion. As of listing date, approx $300k in work remains(see budget as addt'l docs). Final sales price will be based on the remodel work completed. Recent apprasial showed as is at $1.2M and completed at $1.7M. Get your offer in fast to get the best deal.

Directions: North from 5th Street on Dodge to Address

  
770 N Dodge Blvd
Tucson, Arizona 85716

Map

Central Tucson

Speedway View

Property SubtypeApartment
Number of Units33
1 Br Units30
Studio Units2
Other Units1
Year Built 1966
Square Feet 17190
Lot Square Feet 32670
Stories 2
ZoningTucson - R3
Tax Year2007
Capitalization Rate0.106
Gross Rent Multiplier5.62
 
Gross Income: 
Avg 1 Br Rent$595/Mo
Avg Studio Rent$495/Mo
Avg Other Rent$650/Mo
Gross Scheduled Rents$233,880/Yr $19,490/Mo
Other Income$2400/Yr
Vacancy Loss-$14032/Yr
Adjusted Gross Income$222,248/Yr$18,521/Mo
 
Expenses: 
Gas & Electric$35000/Yr
Taxes$9500/Yr
Insurance$5957/Yr
Maintenance & Supplies$9850/Yr
Management$17779/Yr
Water and Sewer$6400/Yr
Other Expenses$4932/Yr
Total Expenses$89,418/Yr $7,452/Mo
 
Net Income: 
Net Income$132,830/Yr $11,069/Mo
 
listed by:
Tierra Antigua Realty

list price: $1,250,000




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