
4114 E Fairmount St Includes: - Slump Block Construction
- Electric Metered Seperately
- Gas Metered Seperately
- Laundry Facilities
- Package Available
- Pool
- 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% | | APR | 5.5% | $2,697 | $2,562 | $2,427 | $2,158 | $1,888 | $1,618 | | 6% | $2,848 | $2,705 | $2,563 | $2,278 | $1,994 | $1,709 | | 6.5% | $3,002 | $2,852 | $2,702 | $2,402 | $2,102 | $1,801 | | 7% | $3,160 | $3,002 | $2,844 | $2,528 | $2,212 | $1,896 | | 7.5% | $3,321 | $3,155 | $2,989 | $2,657 | $2,325 | $1,993 | | 8% | $3,485 | $3,311 | $3,137 | $2,788 | $2,440 | $2,091 |
Remarks: Well maintained complex by the same owner for 27 years. Large open floor plans with plank and beam ceilings, private walled yards, covered patios, laundry, swimming pool and excessive parking on this commercial acre lot with room to build more units. Rents are minimum 25% below market. Tenants have lived there 5-17 years! Owner will carry entire principal balance with 20% dn at 7% fixed amortized over thirty years with a ten year stop. Directions: ALVERNON AND SPEEDWAY NORTH TO FAIRMOUNT EAST TO PROPERTY ON THE SOUTH SIDE OF THE STREET |
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4114 E Fairmount St Tucson, Arizona 85712
Map
Central Tucson Speedway
| Property Subtype | Apartment | | Number of Units | 7 | | 1 Br Units | 4 | | 2 Br Units | 2 | | Studio Units | 1 | | Year Built | 1953 | | Square Feet | 5116 | | Lot Square Feet | 36155 | | Stories | 1 | | Zoning | Tucson - R2 | | Tax Year | 2007 | | Capitalization Rate | 0.060 | | Gross Rent Multiplier | 12.14 | | | | Gross Income: | | | Avg 1 Br Rent | $450/Mo | | Avg 2 Br Rent | $475/Mo | | Avg Studio Rent | $410/Mo | | Gross Scheduled Rents | $37,920/Yr | $3,160/Mo | | Other Income | $1200/Yr | | Adjusted Gross Income | $39,120/Yr | $3,260/Mo | | | | Expenses: | | | Gas & Electric | $700/Yr | | Taxes | $3300/Yr | | Insurance | $1500/Yr | | Maintenance & Supplies | $2600/Yr | | Water and Sewer | $2520/Yr | | Total Expenses | $10,620/Yr | $885/Mo | | | | Net Income: | | | Net Income | $28,500/Yr | $2,375/Mo |
listed by: Walsh Realty LLClist price: $475,000
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