
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% | | APR | 5.5% | $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. |
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2203 E Benson Hwy Tucson, Arizona 85714
Map
South Tucson
| Property Subtype | Apartment | | Number of Units | 12 | | 2 Br Units | 1 | | 3 Br Units | 1 | | Studio Units | 10 | | Year Built | 1948 | | Square Feet | 4456 | | Acres | 1 | | Stories | 1 | | Zoning | Tucson - C2 | | Tax Year | 2008 | | Capitalization Rate | 0.082 | | Gross Rent Multiplier | 8.46 | | | | 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 Executiveslist price: $574,000
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