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1632 N Louis Ln Includes:

  • Slump Block Construction
  • Electric Metered Seperately
  • Gas Metered Seperately
  • Laundry Facilities
  • Package Available
  • Covered Parking
  • Pool
  • Central Evaportive Cooling
  • Sewer Connected
  • City Water
  • Actual Figures Presented
  • Forced Air Gas Heating
  • Fire Protection Included
Monthly P&I Estimate:
Down Payment
None 05% 10% 20% 30%40%
APR5.5%$4,764$4,526$4,287$3,811$3,335$2,858
6%$5,030$4,779$4,527$4,024$3,521$3,018
6.5%$5,303$5,038$4,773$4,242$3,712$3,182
7%$5,582$5,303$5,024$4,466$3,907$3,349
7.5%$5,866$5,573$5,280$4,693$4,106$3,520
8%$6,156$5,848$5,541$4,925$4,309$3,694

Remarks: Investors: This is it! Great opportunity! Long term lease for all 12 units! Eleven 2-bedroom, and a studio - Open to a fenced-in pool area. All units have fenced yards. Carports with storage. Laundry facility available for all units. Tenant covers all utilities, and some maintenance. Shown by appointment only with accepted contract. Please DO NOT disturb tenants. Seller is related to listing agent. Call LA for more info on this great deal!

Directions: Pima/Alvernon, East to Louis, South to property. On NW corner of Louis & Harley. SPDS, LBP, Military Disclosure and Pool Addendum all attached.

  
1632 N Louis Ln
Tucson, Arizona 85712

Map

Central Tucson

Property SubtypeApartment
Number of Units12
2 Br Units11
Studio Units1
Year Built 1952
Square Feet 8319
Lot Square Feet 37026
Stories 1
ZoningTucson - R2
Tax Year2007
Capitalization Rate0.101
Gross Rent Multiplier8.33
 
Gross Income: 
Avg 2 Br Rent$730/Mo
Avg Studio Rent$365/Mo
Gross Scheduled Rents$100,740/Yr $8,395/Mo
 
Expenses: 
Taxes$6245/Yr
Insurance$3720/Yr
Maintenance & Supplies$6000/Yr
Total Expenses$15,965/Yr $1,330/Mo
 
Net Income: 
Net Income$84,775/Yr $7,065/Mo
 
listed by:
Coldwell Banker Residential Brokerage

list price: $839,000




Information Deemed Reliable But Not Guaranteed

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