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3053 N Los Altos Ave Includes:

  • Masonry Stucco Construction
  • Electric Metered Seperately
  • Gas Metered Seperately
  • Laundry Hookup
  • Package Available
  • 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%$3,123$2,967$2,811$2,498$2,186$1,874
6%$3,298$3,133$2,968$2,638$2,308$1,979
6.5%$3,476$3,303$3,129$2,781$2,433$2,086
7%$3,659$3,476$3,293$2,927$2,561$2,195
7.5%$3,846$3,653$3,461$3,077$2,692$2,307
8%$4,036$3,834$3,632$3,229$2,825$2,421

Remarks: Great complex located in a strong rental market. Three buildings surround a large courtyard with walk ways and indigenous trees. Parking lot in the front will accommodate ten cars. Lot is a commercial acre with a large unimproved area on the rear of the property with access from delano street. There is an assumable loan in the amount of $385,000 at 5.69% fixed for five years.

Directions: 1st and Fort Lowell west one block to Delano street south to property, on the west side of the street

  
3053 N Los Altos Ave
Tucson, Arizona 85705

Map

Central Tucson

Coronado Heights

Property SubtypeApartment
Number of Units10
2 Br Units9
3 Br Units1
Year Built 1948
Square Feet 6270
Lot Square Feet 36155
Stories 1
ZoningTucson - R2
Tax Year2007
Capitalization Rate0.094
Gross Rent Multiplier8.72
 
Gross Income: 
Avg 2 Br Rent$550/Mo
Avg 3 Br Rent$700/Mo
Gross Scheduled Rents$67,800/Yr $5,650/Mo
Vacancy Loss-$4746/Yr
Adjusted Gross Income$63,054/Yr$5,255/Mo
 
Expenses: 
Contract Services$420/Yr
Gas & Electric$182/Yr
Taxes$3985/Yr
Insurance$1546/Yr
Maintenance & Supplies$2057/Yr
Water and Sewer$3296/Yr
Total Expenses$11,486/Yr $957/Mo
 
Net Income: 
Net Income$51,568/Yr $4,297/Mo
 
listed by:
Walsh Realty LLC

list price: $550,000




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