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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%
APR5.5%$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.

  
1701 N Oracle Rd
Tucson, Arizona 85705

Map

Central Tucson

El Sahuaro

Property SubtypeApartment
Number of Units50
1 Br Units50
Year Built 1982
Square Feet 17162
Acres1
Stories 2
ZoningTucson - C3
Tax Year2007
Capitalization Rate0.076
Gross Rent Multiplier7.50
 
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 AMMON

list price: $2,250,000




Information Deemed Reliable But Not Guaranteed

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