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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%
APR5.5%$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

  
4114 E Fairmount St
Tucson, Arizona 85712

Map

Central Tucson

Speedway

Property SubtypeApartment
Number of Units7
1 Br Units4
2 Br Units2
Studio Units1
Year Built 1953
Square Feet 5116
Lot Square Feet 36155
Stories 1
ZoningTucson - R2
Tax Year2007
Capitalization Rate0.060
Gross Rent Multiplier12.14
 
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 LLC

list price: $475,000




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