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2203 E Benson Hwy Includes:

  • Concrete Block Construction
  • Laundry Facilities
  • Central AC
  • Central Evaportive Cooling
  • Septic System
  • City Water
  • Proforma Figures Presented
  • Wall Heating
  • Fire Protection Included
Monthly P&I Estimate:
Down Payment
None 05% 10% 20% 30%40%
APR5.5%$3,259$3,096$2,933$2,607$2,281$1,955
6%$3,441$3,269$3,097$2,753$2,409$2,065
6.5%$3,628$3,447$3,265$2,902$2,540$2,177
7%$3,819$3,628$3,437$3,055$2,673$2,291
7.5%$4,013$3,813$3,612$3,211$2,809$2,408
8%$4,212$4,001$3,791$3,369$2,948$2,527

Remarks: 12 units renovated in 2007 on 51,000 sq Ft lot of C-2 zoning. Potential to expand. Property is close to 300 acre U of A Science Center Development. High street traffic on way to airport makes these units easy to rent. Submit on ALL TERMS! Separate electric meters available.

Directions: From Kino/36th go South to Benson Hwy, East to address.

  
2203 E Benson Hwy
Tucson, Arizona 85714

Map

South Tucson

Property SubtypeApartment
Number of Units12
2 Br Units1
3 Br Units1
Studio Units10
Year Built 1948
Square Feet 4456
Acres1
Stories 1
ZoningTucson - C2
Tax Year2008
Capitalization Rate0.082
Gross Rent Multiplier8.46
 
Gross Income: 
Avg 2 Br Rent$650/Mo
Avg 3 Br Rent$800/Mo
Avg Studio Rent$450/Mo
Gross Scheduled Rents$71,400/Yr $5,950/Mo
Vacancy Loss-$3570/Yr
Adjusted Gross Income$67,830/Yr$5,653/Mo
 
Expenses: 
Admin Expenses$200/Yr
Gas & Electric$9600/Yr
Taxes$2500/Yr
Insurance$1500/Yr
Maintenance & Supplies$200/Yr
Management$3320/Yr
Resident Manager$1200/Yr
Water and Sewer$2400/Yr
Total Expenses$20,920/Yr $1,743/Mo
 
Net Income: 
Net Income$46,910/Yr $3,909/Mo
 
listed by:
RE/MAX All Executives

list price: $574,000




Information Deemed Reliable But Not Guaranteed

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