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302 W Lee St Includes:

  • Slump Block Construction
  • Electric Metered Seperately
  • Gas Metered Seperately
  • Laundry Hookup
  • Covered Parking
  • Central Evaportive Cooling
  • Sewer Connected
  • City Water
  • Proforma Figures Presented
  • Baseboard Heating
  • Fire Protection Included
Monthly P&I Estimate:
Down Payment
None 05% 10% 20% 30%40%
APR5.5%$1,306$1,241$1,175$1,045$914$784
6%$1,379$1,310$1,241$1,103$965$827
6.5%$1,454$1,381$1,308$1,163$1,018$872
7%$1,530$1,454$1,377$1,224$1,071$918
7.5%$1,608$1,528$1,447$1,287$1,126$965
8%$1,688$1,603$1,519$1,350$1,181$1,013

Remarks: Low maintenance masonry tri-plex close to downtown and the U of A. Adjacent identical triplex at 310 W. Lee St also available. All units 2 bedrooms. Potential to increase rents. Great deal for owner occupancy using FHA financing.

Directions: From Grant & Oracle, South on Oracle to Lee St then East to address.

  
302 W Lee St
Tucson, Arizona 85705

Map

Central Tucson

Bronx Park

Property SubtypeTri-Plex
2 Br Units3
Year Built 1980
Square Feet 2307
Lot Square Feet 9148
Stories 1
ZoningTucson - R2
Tax Year2007
Capitalization Rate0.050
Gross Rent Multiplier12.94
 
Gross Income: 
Avg 2 Br Rent$508/Mo
Gross Scheduled Rents$18,288/Yr $1,524/Mo
Vacancy Loss-$508/Yr
Adjusted Gross Income$17,780/Yr$1,482/Mo
 
Expenses: 
Capital Expenses$3000/Yr
Gas & Electric$50/Yr
Taxes$903/Yr
Insurance$732/Yr
Maintenance & Supplies$3000/Yr
Resident Manager$600/Yr
Water and Sewer$960/Yr
Total Expenses$9,245/Yr $770/Mo
 
Net Income: 
Net Income$8,535/Yr $711/Mo
 
listed by:
CMAK Property Management, LLC

list price: $230,000




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