
1701 N Oracle Rd Includes: - Frame Stucco Construction
- Interior Steps
- Laundry Facilities
- Package Available
- Central AC
- Pool
- Sewer Connected
- City Water
- Proforma Figures Presented
- Heat Pump Heating
- Fire Protection Included
Monthly P&I Estimate:
| | Down Payment | | | None | 05% | 10% | 20% | 30% | 40% | | APR | 5.5% | $12,775 | $12,136 | $11,498 | $10,220 | $8,943 | $7,665 | | 6% | $13,490 | $12,815 | $12,141 | $10,792 | $9,443 | $8,094 | | 6.5% | $14,222 | $13,510 | $12,799 | $11,377 | $9,955 | $8,533 | | 7% | $14,969 | $14,221 | $13,472 | $11,975 | $10,479 | $8,982 | | 7.5% | $15,732 | $14,946 | $14,159 | $12,586 | $11,013 | $9,439 | | 8% | $16,510 | $15,684 | $14,859 | $13,208 | $11,557 | $9,906 |
Remarks: Built in 1982, the property is comprised of 50 one-bedroom one-bath units w/ sparkling pool, guest laundry facilities, cable TV, and more.....Just minutes away from the UA, Historic Downtown Tucson, cafes and restaurants for casual and fine dining and more... Branding opportunity w/ huge upside potential. Great Investment Opportunity! GO! Directions: Speedway Blve/Oracle Rd N on Oracle Rd to address. Thus the property is in the rapidly highly growth area North of Downtown Tucson. |
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1701 N Oracle Rd Tucson, Arizona 85705
Map
Central Tucson El Sahuaro
| Property Subtype | Apartment | | Number of Units | 50 | | 1 Br Units | 50 | | Year Built | 1982 | | Square Feet | 17162 | | Acres | 1 | | Stories | 2 | | Zoning | Tucson - C3 | | Tax Year | 2007 | | Capitalization Rate | 0.076 | | Gross Rent Multiplier | 7.50 | | | | Gross Income: | | | Avg 1 Br Rent | $550/Mo | | Gross Scheduled Rents | $330,000/Yr | $27,500/Mo | | Other Income | $3000/Yr | | Vacancy Loss | -$33000/Yr | | Adjusted Gross Income | $300,000/Yr | $25,000/Mo | | | | Expenses: | | | Admin Expenses | $421/Yr | | Capital Expenses | $10000/Yr | | Contract Services | $7103/Yr | | Gas & Electric | $10856/Yr | | Taxes | $27855/Yr | | Insurance | $6000/Yr | | Maintenance & Supplies | $4100/Yr | | Management | $8055/Yr | | Resident Manager | $40000/Yr | | Water and Sewer | $21557/Yr | | Other Expenses | $2000/Yr | | Total Expenses | $137,947/Yr | $11,496/Mo | | | | Net Income: | | | Net Income | $162,053/Yr | $13,504/Mo |
listed by: AMA AMMONlist price: $2,250,000
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