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4118 N 1st Ave Includes:

  • Frame Stucco Construction
  • Laundry Hookup
  • Central AC
  • Sewer Connected
  • City Water
  • Actual Figures Presented
  • Forced Air Electric Heating
Monthly P&I Estimate:
Down Payment
None 05% 10% 20% 30%40%
APR5.5%$1,982$1,883$1,783$1,585$1,387$1,189
6%$2,092$1,988$1,883$1,674$1,465$1,255
6.5%$2,206$2,096$1,985$1,765$1,544$1,324
7%$2,322$2,206$2,090$1,858$1,625$1,393
7.5%$2,440$2,318$2,196$1,952$1,708$1,464
8%$2,561$2,433$2,305$2,049$1,793$1,537

Remarks: Very nice property. It has 2 units that are 3 bedroom/2 bathroom. It has 2 units that are 2 bedroom/2 bathroom and wheelchair accessible. All units have fenced yards of various sizes. 3 of 4 units have ceramic tile throughout and washers/dryers and refrigerator that convey with the property. The unit that lacks the appliances and upgraded flooring has a long term tenant. Rents total $2825/month. Tenants pay all utilities. On site parking.

Directions: From Roger go N on 1st Ave. Make 1st right on side street (also called 1st Ave). Make 1st left onto paved road. Go to last building on right 4118-4

  
4118 N 1st Ave
Tucson, Arizona 85719

Map

Central Tucson

Property SubtypeFourplex
2 Br Units2
3 Br Units2
Studio Units4
Year Built 1998
Square Feet 3638
Lot Square Feet 11220
Stories 1
ZoningTucson - R2
Tax Year2008
Capitalization Rate0.086
Gross Rent Multiplier10.30
 
Gross Income: 
Avg 2 Br Rent$650/Mo
Avg 3 Br Rent$762/Mo
Gross Scheduled Rents$33,888/Yr $2,824/Mo
Vacancy Loss-$3/Yr
Adjusted Gross Income$33,885/Yr$2,824/Mo
 
Expenses: 
Taxes$2879/Yr
Insurance$950/Yr
Maintenance & Supplies$100/Yr
Total Expenses$3,929/Yr $327/Mo
 
Net Income: 
Net Income$29,956/Yr $2,496/Mo
 
listed by:
Home Works Real Estate

list price: $349,000




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