multifamily property for sale 1435 e...
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LONG REALTY COMPANYLONG REALTY COMPANY // 520 .548 .4321 // 1890 E R IVER RD , TUCSON, AZ 85718 // WWW.COMMERCIALTUCSONREALESTATE .COM
M U L T I F A M I L Y P R O P E R T Y F O R S A L EM U L T I F A M I L Y P R O P E R T Y F O R S A L E
C H R I S T O P H E RC H R I S T O P H E RI T U L EI T U L E
D . 5 2 0 . 5 4 8 . 4 3 2 1c h r i s . i t u l e @ g m a i l . c o m
1435 E BENSON HWY1435 E BENSON HWYT U C S O N , A Z 8 5 7 1 4T U C S O N , A Z 8 5 7 1 4
LONG REALTY COMPANYLONG REALTY COMPANY // 520 .548 .4321 // 1890 E R IVER RD , TUCSON, AZ 85718 // WWW.COMMERCIALTUCSONREALESTATE .COM
Executive SummaryExecutive SummaryC H R I S T O P H E RC H R I S T O P H E R
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OFFERING SUMMARY
Sale Price: $646,000
Number Of Units: 22
Cap Rate: 12.0%
NOI: $77,555
Lot Size: 1.08 Acres
Building Size: 4,894
Zoning: C-2
Price / SF: $132.00
High yield investment opportunity. 16 unit motel with 6 mobile homes all rented monthly. Property value is based on actual income and a 46% expensepro forma with a 4% vacancy. $98k in capital improvements in 2017. New flooring, renovated kitchens and bathrooms, roof repairs, electric repairs,and plumbing repairs.
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
• 12% Cap Rate
• Low Vacancy
• Value Based on Actual Income
PROPERTY FOR SALE1435 E BENSON HWY1435 E BENSON HWYT U C S O N , A Z 8 5 7 1 4T U C S O N , A Z 8 5 7 1 4
LONG REALTY COMPANYLONG REALTY COMPANY // 520 .548 .4321 // 1890 E R IVER RD , TUCSON, AZ 85718 // WWW.COMMERCIALTUCSONREALESTATE .COM
Additional PhotosAdditional PhotosC H R I S T O P H E RC H R I S T O P H E R
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PROPERTY FOR SALE1435 E BENSON HWY1435 E BENSON HWYT U C S O N , A Z 8 5 7 1 4T U C S O N , A Z 8 5 7 1 4
LONG REALTY COMPANYLONG REALTY COMPANY // 520 .548 .4321 // 1890 E R IVER RD , TUCSON, AZ 85718 // WWW.COMMERCIALTUCSONREALESTATE .COM
Additional PhotosAdditional PhotosC H R I S T O P H E RC H R I S T O P H E R
I T U L EI T U L ED . 5 2 0 . 5 4 8 . 4 3 2 1
c h r i s . i t u l e @ g m a i l . c o m
PROPERTY FOR SALE1435 E BENSON HWY1435 E BENSON HWYT U C S O N , A Z 8 5 7 1 4T U C S O N , A Z 8 5 7 1 4
LONG REALTY COMPANYLONG REALTY COMPANY // 520 .548 .4321 // 1890 E R IVER RD , TUCSON, AZ 85718 // WWW.COMMERCIALTUCSONREALESTATE .COM
Financial SummaryFinancial SummaryC H R I S T O P H E RC H R I S T O P H E R
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INVESTMENT OVERVIEW
Price $646,000Price per Unit $29,363GRM 4.2CAP Rate 12.0%
OPERATING DATA
Gross Scheduled Income $155,100Other Income -Total Scheduled Income $155,100Vacancy Cost $6,359Gross Income $148,740Operating Expenses $71,185Net Operating Income $77,555
PROPERTY FOR SALE1435 E BENSON HWY1435 E BENSON HWYT U C S O N , A Z 8 5 7 1 4T U C S O N , A Z 8 5 7 1 4
LONG REALTY COMPANYLONG REALTY COMPANY // 520 .548 .4321 // 1890 E R IVER RD , TUCSON, AZ 85718 // WWW.COMMERCIALTUCSONREALESTATE .COM
Income & ExpensesIncome & ExpensesC H R I S T O P H E RC H R I S T O P H E R
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INCOME SUMMARY PER UNIT
Gross IncomeGross Income $148,740$148,740 $6,760$6,760
EXPENSE SUMMARY PER UNIT
General & Admin $1,318 $59Leasing & Marketing $1,861 $84Repairs & Maintenance $12,951 $588Contract Services / Landscaping $1,784 $81Utilities $31,020 $1,410Property Taxes $4,992 $226Property Insurance $3,300 $150Management Fee $12,408 $564Reserves $1,551 $70
Gross ExpensesGross Expenses $71,185$71,185 $3,235$3,235
Net Operating IncomeNet Operating Income $77,555$77,555 $3,525$3,525
PROPERTY FOR SALE1435 E BENSON HWY1435 E BENSON HWYT U C S O N , A Z 8 5 7 1 4T U C S O N , A Z 8 5 7 1 4
LONG REALTY COMPANYLONG REALTY COMPANY // 520 .548 .4321 // 1890 E R IVER RD , TUCSON, AZ 85718 // WWW.COMMERCIALTUCSONREALESTATE .COM
Rent RollRent RollC H R I S T O P H E RC H R I S T O P H E R
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UNITNUMBER
UNITBED
UNITBATH
CURRENTRENT
1 1 1 $600
2 0 1 $350
3 0 1 $500
4 1 1 $600
5 1 1 $600
6 1 1 $600
7 1 1 $600
8 0 1 $500
9 0 1 $500
10 0 1 $500
11 0 1 $500
12 0 1 $500
14 0 1 $500
15 0 1 $500
16 1 1 $600
17 1 1 $600
A - Mobile Home 2 1 $650
B - Mobile Home 2 1 $575
C - Mobile Home 2 1 $800
PROPERTY FOR SALE1435 E BENSON HWY1435 E BENSON HWYT U C S O N , A Z 8 5 7 1 4T U C S O N , A Z 8 5 7 1 4
LONG REALTY COMPANYLONG REALTY COMPANY // 520 .548 .4321 // 1890 E R IVER RD , TUCSON, AZ 85718 // WWW.COMMERCIALTUCSONREALESTATE .COM
Rent RollRent RollC H R I S T O P H E RC H R I S T O P H E R
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UNITNUMBER
UNITBED
UNITBATH
CURRENTRENT
D - Mobile Home 2 1 $750
E - Mobile Home 2 1 $800
F - Mobile Home 2 1 $800
Totals/AveragesTotals/Averages $12,925$12,925
PROPERTY FOR SALE1435 E BENSON HWY1435 E BENSON HWYT U C S O N , A Z 8 5 7 1 4T U C S O N , A Z 8 5 7 1 4
LONG REALTY COMPANYLONG REALTY COMPANY // 520 .548 .4321 // 1890 E R IVER RD , TUCSON, AZ 85718 // WWW.COMMERCIALTUCSONREALESTATE .COM
Location MapsLocation MapsC H R I S T O P H E RC H R I S T O P H E R
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PROPERTY FOR SALE1435 E BENSON HWY1435 E BENSON HWYT U C S O N , A Z 8 5 7 1 4T U C S O N , A Z 8 5 7 1 4
LONG REALTY COMPANYLONG REALTY COMPANY // 520 .548 .4321 // 1890 E R IVER RD , TUCSON, AZ 85718 // WWW.COMMERCIALTUCSONREALESTATE .COM
Demographics MapDemographics MapC H R I S T O P H E RC H R I S T O P H E R
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POPULATION 1 MILE 3 MILES 5 MILES
Total population 9,233 105,205 250,065
Median age 29.3 29.9 30.0
Median age (male) 29.3 29.2 29.2
Median age (Female) 29.2 30.5 31.1
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 2,934 32,876 83,297
# of persons per HH 3.1 3.2 3.0
Average HH income $38,516 $39,163 $43,762
Average house value $112,196 $117,137 $137,034
* Demographic data derived from 2010 US Census
PROPERTY FOR SALE1435 E BENSON HWY1435 E BENSON HWYT U C S O N , A Z 8 5 7 1 4T U C S O N , A Z 8 5 7 1 4