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1647 N Santa Rita Ave Includes:

  • Slump Block Construction
  • Electric Metered Seperately
  • Package Available
  • Central Evaportive Cooling
  • Sewer Connected
  • City Water
  • Actual Figures Presented
  • Forced Air Gas Heating
  • Fire Protection Included
Monthly P&I Estimate:
Down Payment
None 05% 10% 20% 30%40%
APR5.5%$2,265$2,152$2,039$1,812$1,586$1,359
6%$2,392$2,273$2,153$1,914$1,675$1,435
6.5%$2,522$2,396$2,270$2,018$1,765$1,513
7%$2,655$2,522$2,389$2,124$1,858$1,593
7.5%$2,790$2,650$2,511$2,232$1,953$1,674
8%$2,928$2,781$2,635$2,342$2,049$1,757

Remarks: 7 Unit Rental, great location near University of Arizona campus and University Medical Center. Therefore always rented. Great investment opportunity 3 studios 4 1/bedroom units. One of the best deals on the market! Seller will entertain partial financing , make an offer.

Directions: Campbell and Speedway, West to Mountain, North to Elm, West to Santa Rita(located on Southwest Corner of Elm and Santa Rita)

  
1647 N Santa Rita Ave
Tucson, Arizona 85719

Map

Central Tucson

University Home

Property SubtypeApartment
Number of Units7
1 Br Units4
Studio Units3
Year Built 1964
Square Feet 3169
Lot Square Feet 11979
Stories 1
ZoningTucson - R2
Tax Year2008
Capitalization Rate0.067
Gross Rent Multiplier11.53
 
Gross Income: 
Avg 1 Br Rent$415/Mo
Avg Studio Rent$408/Mo
Gross Scheduled Rents$34,608/Yr $2,884/Mo
 
Expenses: 
Admin Expenses$340/Yr
Gas & Electric$2237/Yr
Taxes$2973/Yr
Insurance$894/Yr
Maintenance & Supplies$1188/Yr
Other Expenses$178/Yr
Total Expenses$7,810/Yr $651/Mo
 
Net Income: 
Net Income$26,798/Yr $2,233/Mo
 
listed by:
Madera Realty & Mortgage

list price: $399,000




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