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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%
APR5.5%$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.

  
2425 N Oracle Rd
Tucson, Arizona 85705

Map

Central Tucson

Miracle Mile Manor

Property SubtypeApartment
Number of Units19
1 Br Units4
Studio Units15
Year Built 1940
Square Feet 5093
Lot Square Feet 25970
Stories 1
ZoningTucson - C2
Tax Year2007
Capitalization Rate0.054
Gross Rent Multiplier9.25
 
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 Ammon

list price: $801,000




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