1950 EAST 10TH STREET Marketing Brochure...1950-east-10th-street Offering Price: $445,000 Marketing...
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1950 EAST 10TH STREET 1950 EAST 10TH STREET, TEMPE, AZ 85281 For more information please visit: ABIMultifamily.com/portfolio/ 1950-east-10th-street Offering Price: $445,000 Marketing Brochure • Single-Level, Garden-Style Duplex • Two-Bedroom / One-Bathroom Unit Types • Individually Metered for Electricity & Hot Water • Tenant Amenities Include Washer / Dryer & Private Yards • Value-Add Opportunity Through Additional Renovations • Near Tempe Marketplace, Mesa Riverview, & Loop 101 & 202 • Minutes from Sky Harbor International Airport & Downtown Scottsdale INVESTMENT HIGHLIGHTS $222,500/Unit | $280.23/SF Year Built: 1962 5.4% Pro Forma CAP Total Units: 2 Phoenix Headquarters: 5227 North 7th Street, Phoenix, AZ 85014 Tel: 602.714.1400
Transcript of 1950 EAST 10TH STREET Marketing Brochure...1950-east-10th-street Offering Price: $445,000 Marketing...
1950 EAST 10TH STREET
1950 EAST 10TH STREET, TEMPE, AZ 85281
For more information please visit:
ABIMultifamily.com/portfolio/1950-east-10th-street
Offering Price: $445,000
Market ing Brochure
• Single-Level, Garden-Style Duplex
• Two-Bedroom / One-Bathroom Unit Types
• Individually Metered for Electricity & Hot Water
• Tenant Amenities Include Washer / Dryer & Private Yards
• Value-Add Opportunity Through Additional Renovations
• Near Tempe Marketplace, Mesa Riverview, & Loop 101 & 202
• Minutes from Sky Harbor International Airport & Downtown Scottsdale
INVESTMENT HIGHLIGHTS
$222,500/Unit | $280.23/SF
Year Built: 1962
5.4% Pro Forma CAP
Total Units: 2
Phoenix Headquarters: 5227 North 7th Street, Phoenix, AZ 85014 Tel: 602.714.1400
DISCLAIMER © 2020 ABI Multifamily | All information provided in reference to the property has been collected from sources deemed reliable. However, no representations or warranties are made as to the accuracy of said infor-mation. In addition, no warranty or representation is extended to errors, omissions, change of price or other conditions. Any projections, estimates, opinions, financial or other assumptions are provided for example purposes and do not represent current or future performance of the property. Please consult with your legal, financial and tax professionals to make any determinations regarding whether the property is suitable for your needs and purposes.
UNIT MIX
Unit Type # of Units % Total Size (SF) Total SF Rent Rent/SF
2 Bed / 1 Bath 2 100.0 794 1,588 $1,250 $1.57
TOTALS / AVERAGES 2 100% 794 1,588 $1,250 $1.57
INCOME & EXPENSES
Income Total Per Unit
Gross Scheduled Income $37,200 $18,600
Less: Vacancy ($1,488) -4.0%
Net Rent Revenue $35,712 $17,856
Add: Other Income / RUBS $1,450 $725
Effective Gross Income $37,162 $18,581
Expenses
Administration $250 $125
Management Fees $2,230 6.0%
Marketing $100 $50
Contract Services $600 $300
Repairs & Maintenance $500 $250
Turnover $350 $175
Utilities $600 $300
Insurance $400 $200
Real Estate Taxes $900 $450
Replacement Reserves $700 $350
Total Operating Expenses $6,630 $3,315
NET OPERATING INCOME $30,532 $15,266
ROYCE MUNROEVICE PRESIDENT
PRIMARY LISTING CONTACT
