302 W Flores St Includes: - Concrete Block Construction
- Laundry Facilities
- Package Available
- Pool
- Wall Evaportive Cooling
- Sewer Connected
- City Water
- Proforma Figures Presented
- Forced Air Gas Heating
- Fire Protection Included
Monthly P&I Estimate:
| | Down Payment | | | None | 05% | 10% | 20% | 30% | 40% | | APR | 5.5% | $5,956 | $5,658 | $5,360 | $4,765 | $4,169 | $3,574 | | 6% | $6,289 | $5,975 | $5,660 | $5,031 | $4,402 | $3,774 | | 6.5% | $6,630 | $6,299 | $5,967 | $5,304 | $4,641 | $3,978 | | 7% | $6,979 | $6,630 | $6,281 | $5,583 | $4,885 | $4,187 | | 7.5% | $7,335 | $6,968 | $6,601 | $5,868 | $5,134 | $4,401 | | 8% | $7,697 | $7,312 | $6,927 | $6,158 | $5,388 | $4,618 |
Remarks: The Silver Saddle Apartments are concretely built encompassing 28 units with pool, laundry and cable TV. Great cash flows with a 10.7% CAP Rate and 23% ROI (Return On Investment). Always rented. Great Investment Opportunity! This mixed use property will not last. GO! Directions: Speedway Blvd/Stone N on Stone W on Flores to address. |
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302 W Flores St
Tucson, Arizona 85705
Map
Central Tucson Bronx Park
| Property Subtype | Apartment | | Number of Units | 28 | | 1 Br Units | 11 | | 2 Br Units | 2 | | Studio Units | 15 | | Year Built | 1948 | | Square Feet | 10530 | | Lot Square Feet | 34412 | | Stories | 1 | | Zoning | Tucson - R3 | | Tax Year | 2006 | | Capitalization Rate | 0.112 | | Gross Rent Multiplier | 5.68 | | | | Gross Income: | | | Avg 1 Br Rent | $585/Mo | | Avg 2 Br Rent | $685/Mo | | Avg Studio Rent | $550/Mo | | Gross Scheduled Rents | $192,660/Yr | $16,055/Mo | | Other Income | $1500/Yr | | Vacancy Loss | -$9633/Yr | | Adjusted Gross Income | $184,527/Yr | $15,377/Mo | | | | Expenses: | | | Admin Expenses | $800/Yr | | Gas & Electric | $24000/Yr | | Taxes | $6273/Yr | | Insurance | $7000/Yr | | Maintenance & Supplies | $4000/Yr | | Resident Manager | $12000/Yr | | Water and Sewer | $7200/Yr | | Other Expenses | $6000/Yr | | Total Expenses | $67,273/Yr | $5,606/Mo | | | | Net Income: | | | Net Income | $117,254/Yr | $9,771/Mo |
listed by:
AMA Ammonlist price: $1,049,000
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