
2425 N Oracle Rd Includes: - Concrete Block Construction
- Laundry Facilities
- Covered Parking
- Wall AC
- Pool
- Central Evaportive Cooling
- Sewer Connected
- City Water
- Proforma Figures Presented
- Wall Heating
- Fence
- Fire Protection Included
Monthly P&I Estimate:
| | Down Payment | | | None | 05% | 10% | 20% | 30% | 40% | | APR | 5.5% | $4,548 | $4,321 | $4,093 | $3,638 | $3,184 | $2,729 | | 6% | $4,802 | $4,562 | $4,322 | $3,842 | $3,362 | $2,881 | | 6.5% | $5,063 | $4,810 | $4,557 | $4,050 | $3,544 | $3,038 | | 7% | $5,329 | $5,063 | $4,796 | $4,263 | $3,730 | $3,197 | | 7.5% | $5,601 | $5,321 | $5,041 | $4,481 | $3,920 | $3,360 | | 8% | $5,877 | $5,584 | $5,290 | $4,702 | $4,114 | $3,526 |
Remarks: Newly renovated 19-Unit Tucson Motel w/great repositioning opportunity, concrete block construction, with pool and courtyard. Ideally located on two of Tucson's highly active transportation corridors(Grant Rd & N. Oracle Rd), Next to Walgreens. Excellent Visibility. Great upside for owner operator! Make Offer! GO! Directions: Grant/Oracle N on Oracle to address. |
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2425 N Oracle Rd Tucson, Arizona 85705
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Central Tucson Miracle Mile Manor
| Property Subtype | Apartment | | Number of Units | 19 | | 1 Br Units | 4 | | Studio Units | 15 | | Year Built | 1940 | | Square Feet | 5093 | | Lot Square Feet | 25970 | | Stories | 1 | | Zoning | Tucson - C2 | | Tax Year | 2007 | | Capitalization Rate | 0.054 | | Gross Rent Multiplier | 9.25 | | | | Gross Income: | | | Avg 1 Br Rent | $500/Mo | | Avg Studio Rent | $425/Mo | | Gross Scheduled Rents | $100,500/Yr | $8,375/Mo | | Vacancy Loss | -$13908/Yr | | Adjusted Gross Income | $86,592/Yr | $7,216/Mo | | | | Expenses: | | | Admin Expenses | $600/Yr | | Gas & Electric | $11800/Yr | | Taxes | $6804/Yr | | Insurance | $3000/Yr | | Maintenance & Supplies | $1000/Yr | | Management | $15000/Yr | | Water and Sewer | $3300/Yr | | Other Expenses | $1500/Yr | | Total Expenses | $43,004/Yr | $3,584/Mo | | | | Net Income: | | | Net Income | $43,588/Yr | $3,632/Mo |
listed by: AMA Ammonlist price: $801,000
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