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329 W Kentucky St Includes:

  • Masonry Stucco Construction
  • Central Evaportive Cooling
  • Sewer Connected
  • City Water
  • Actual Figures Presented
  • Wall Heating
  • Fire Protection Included
Monthly P&I Estimate:
Down Payment
None 05% 10% 20% 30%40%
APR5.5%$2,271$2,157$2,044$1,816$1,589$1,362
6%$2,398$2,278$2,158$1,918$1,678$1,439
6.5%$2,528$2,401$2,275$2,022$1,769$1,517
7%$2,661$2,528$2,394$2,128$1,862$1,596
7.5%$2,796$2,656$2,517$2,237$1,957$1,678
8%$2,934$2,788$2,641$2,347$2,054$1,761

Remarks: Seller is willing to wrap existing loan and carry with 15% down. Excellent occupancy,new roof,parking lot recently paved. These apartments are low maintenance with room for rental increase.

Directions: 12TH/IRVINGTON RD EAST TO 11TH AVE,NORTH TO KENTUCKY,EAST TO ADDRESS

  
329 W Kentucky St
Tucson, Arizona 85714

Map

South Tucson

National City

Property SubtypeApartment
Number of Units15
1 Br Units1
2 Br Units1
Studio Units13
Year Built 1948
Square Feet 4244
Lot Square Feet 15072
Stories 1
ZoningTucson - R3
Tax Year2006
Capitalization Rate0.100
Gross Rent Multiplier6.31
 
Gross Income: 
Avg 1 Br Rent$400/Mo
Avg 2 Br Rent$450/Mo
Avg Studio Rent$350/Mo
Gross Scheduled Rents$64,800/Yr $5,400/Mo
Vacancy Loss-$1400/Yr
Adjusted Gross Income$63,400/Yr$5,283/Mo
 
Expenses: 
Contract Services$3000/Yr
Gas & Electric$600/Yr
Taxes$2400/Yr
Insurance$2700/Yr
Maintenance & Supplies$600/Yr
Management$5160/Yr
Water and Sewer$4800/Yr
Other Expenses$4200/Yr
Total Expenses$23,460/Yr $1,955/Mo
 
Net Income: 
Net Income$39,940/Yr $3,328/Mo
 
listed by:
Long Realty Company

list price: $399,900




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